MELBOURNE: GenusPlus Group Ltd. said Monday it has agreed to acquire MPC Kinetic Holdings Pty Ltd. for up to 400 million Australian dollars, a move the company described as transformational and highly accretive to earnings. The binding share purchase agreement will see Genus acquire 100% of MPC Kinetic, a leading provider of gas gathering, well maintenance and…
PARIS, FRANCE: Rubis Group has announced strategic acquisition of 80% of Photosol France to accelerate the transition to renewable energies and decarbonation. The price for the acquisition of the 80% of Photosol France shares will be €376 million subject to customary adjustments at closing. In June 2021, Rubis Group initiated its diversification towards less-carbonised energies…
MADRID, SPAIN: Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a definite agreement with Ignis Energy Holdings, parent company of Spanish independent integrated renewable player Ignis Group. Vortex Energy will inject over €625 million through its newly launched Vortex Energy IV Fund and its…
PARIS: Total has signed a 45 MW renewable corporate power purchase agreement with Merck & Co over a period of 10 years. Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by…
LONDON: Ørsted A.S and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within renewable energy. The 20-year fixed-price contract period starts once Greater Changhua 2b & 4 reaches…
SINGAPORE: UAC Energy Holdings, an affiliate of AC Energy Inc., has been notified by the Australian Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to UAC’s proposed acquisition of Infigen Energy. Accordingly, UAC has given notice to Infigen that the condition to UAC’s takeover offer relating to the FIRB approval has been…
SINGAPORE: UAC Energy Holdings Pty Ltd, an affiliate of AC Energy, has directly and indirectly acquired a 12.82% stake in Infigen Energy Limited for AUD 90.4 million. Infigen is a renewable energy developer, generator and retailer listed in the Australian Securities Exchange that owns and operates 670MW of wind farms all over Australia, as well…
NEW YORK: The International Renewable Energy Agency (IRENA) will deliver a clear message to policy makers, civil society leaders and business decision makers in New York during the 74th Session of the UN Assembly and the Climate Action Summit next week, a press release said. The Agency will reinforce the fact that limiting climate change…