Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 26, 2016updated 16 Nov 2021 11:09am

M&As this week: NTR and Audax Energy

NTR and China-based smart wind turbine designer and developer Envision Energy have announced an intention to jointly acquire UK-based renewable energy company Velocita Energy Developments.

NTR and China-based smart wind turbine designer and developer Envision Energy have announced an intention to jointly acquire UK-based renewable energy company Velocita Energy Developments.

Velocita Energy Developments operates a 12MW windfarm and is developing 42MW of projects in Scotland, which will be taken over by Irish renewable investment and asset management company NTR following the acquisition.

A 14MW wind park and three France-based projects with a combined capacity of 136MW will be taken over by Envision Energy.

Audax Energy has announced that it has submitted a €70m ($78.48m) bid to acquire Fersa Energias Renovables, a renewable energy company also based in Spain.

The bid represents a price of €0.5 ($0.56) per share and will be materialised if at least 50.01% of Fersa Energias Renovables’ shareholders accept.

This follows a sale announcement by Fersa Energias Renovables, which mandated Lazard Asesores Financieros for reviewing the bids from interested buyers.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU