Wood Group completes acquisition of Amec Foster Wheeler.

Wood Group completes acquisition of Amec Foster Wheeler.

Wood Group has completed its acquisition of Amec Foster Wheeler, and the new company will be called Wood. “This transformational acquisition creates a global leader in the delivery of project, engineering and technical services to energy and industrial markets,” said Robin Watson, Wood Group chief executive. “Wood is better placed to serve customers than ever […]

Acquisition of Vidullanka’s second mini hydro plant in Uganda further delayed.

Acquisition of Vidullanka’s second mini hydro plant in Uganda further delayed.

Renewable energy developer Vidullanka PLC this week said that due to regulatory delays, the company has not yet issued shares in a private placement to Timex Garments (Pvt.) Limited to acquire the Uganda-based Timex subsidiary, Timex Bukinda Hydro (U) Limited. Vidullanka said that the required approvals from the Electricity Regulatory Authority of Uganda and the […]

AES Tiete Energia acquires Brazilian Wind Portfolio.

AES Tiete Energia acquires Brazilian Wind Portfolio.

AES Tiete Energia has acquired 386MW Alto Sertao II wind portfolio in Brazil for R$600m ($193m[1] USD), with technical due diligence from K2 Management and TNEI. K2 Management’s specialists delivered technical due diligence across the entire portfolio including reviewing the turbine and balance of plant technology; energy yield assessment review; civil, grid and electrical design […]

Aquila expands hydro portfolio with new acquisition.

Aquila expands hydro portfolio with new acquisition.

Six run-of-river hydropower plants near Bergen, Norway, are to join investment firm Aquila Capital’s hydropower portofolio following their acquisition from Norwegian energy company BKK AS. The power plants, which produce approximately 70GWh of electricity per year, will be operated and managed by Småkraft AS, which is 100% financed by investment vehicles managed by Aquila Capital. […]

ArcLight Capital closes purchase of TransCanada’s New England hydroelectric power portfolio.

ArcLight Capital closes purchase of TransCanada’s New England hydroelectric power portfolio.

ArcLight Capital Partners, one of the leading renewable energy investors in the United States, announced today that its affiliate, Great River Hydro, has closed its acquisition of TransCanada’s New England hydroelectric power portfolio. With 13 facilities on the Connecticut and Deerfield rivers in Vermont, New Hampshire and Massachusetts, Great River Hydro’s 584 MW renewable power […]

Dominovas Energy acquires rights to build Angolan hydro plant.

Dominovas Energy acquires rights to build Angolan hydro plant.

Dominovas Energy Corporation is to finance, build and operate an 18MW hydropower plant in northwestern Angola after securing exclusive rights for the project from the country’s government. The project will represent an estimated US$90 million investment to Angola’s energy sector, the company said in a statement. Its deployment will complement an existing hydropower plant; a […]

Longroad Energy acquires 3.0 GW solar portfolio.

Longroad Energy acquires 3.0 GW solar portfolio.

Move Accelerates Build-Out of Longroad’s U.S. Solar Development Strategy Longroad Energy Holdings today announced the acquisition of a 3.0 gigawatt (GW) solar development portfolio from 7X Energy. The acquired portfolio includes projects located across the U.S. in several of Longroad’s target markets. The Longroad and 7X team will develop these projects and will work together […]

Fortum finalised the acquisition of wind power projects from Nordkraft.

Fortum finalised the acquisition of wind power projects from Nordkraft.

Fortum has today finalised the acquisition of three wind power projects from the Norwegian company Nordkraft. The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects. Fortum is preparing for the construction of the Ånstadblåheia and Sørfjord projects, expected to be commissioned in 2018 […]

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