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Hull Street Energy acquires 30 hydroelectric plants from EGPNA REP

US-based private equity firm Hull Street Energy has acquired 30 hydroelectric facilities from EGPNA Renewable Energy Partners (EGPNA REP).

EGPNA REP is a joint venture (JV) company of Enel Green Power North America and GE Energy Financial Services.

The companies have not disclosed the financial details of the deal.

According to the agreement signed by Hull Street Energy, the deal includes the purchase of 31 facilities.

With 255MW of combined power generation, the acquisition of the hydroelectric plant portfolio will take place in two phases.

The 30 hydro projects with a total capacity of 175MW are part of the first phase, which was completed last week.

The acquisition of the remaining 80MW capacity is expected to be completed in the first quarter of 2020, subject to regulatory approval.

Hydroelectric facilities that are part of the deal supply low-carbon electricity to customers in Vermont, Washington, Massachusetts, Pennsylvania, Idaho, California, North Carolina, West Virginia, New York, Virginia and South Carolina in the US.

For the transaction, BNP Paribas Securities acted as the placement agent and ancillary facility provider on a private placement financing for the transaction, and Baker Botts served as the legal counsel to Hull Street Energy.

Currently, affiliates of Hull Street Energy own 51 renewable, gas-fired and dual-fuelled power generation stations in the US. The stations supply over 815MW of electricity to support grid operations in the US.

In August 2018, Hull Street Energy purchased nine hydroelectric power facilities in New Hampshire, US.

Capstone acquires 51% stake in 132MW Claresholm solar project

Canada’s Capstone Infrastructure has acquired a 51% stake in the 132MW Claresholm solar project from Perimeter Solar.

The companies have not disclosed the financial details of the deal.

The remaining 49% interest in the project is indirectly held by Danish renewable energy investment company Obton.

Total sells stake in French renewable assets to Banque des Territoires

Total’s renewable electricity production subsidiary Total Quadran has signed an agreement to sell a 50% equity stake in solar and wind energy assets in France to Banque des Territoires in a €300m ($330m) deal.

With a combined capacity of 143MW, the portfolio includes 11 wind farms (96MW) and 35 solar power plants (47MW).

WEC Energy to acquire stake in Invenergy’s Blooming Grove Wind Farm

US-based electric services company WEC Energy has acquired an 80% ownership stake in the 250MW Blooming Grove Wind Farm in a $345m deal.

Invenergy, a global sustainable energy project developer and operator, is developing the Blooming Grove Wind Farm project in McLean County, Illinois, US.

Sable Chemicals and Tatanga Energy to construct solar energy plant in Zimbabwe

Sable Chemicals, an ammonium nitrate manufacturer, has agreed to a collaboration with Tatanga Energy, a fertiliser manufacturer, to construct a 50MW photovoltaic solar generation plant in Zimbabwe.

The solar farm will be located at Sable Chemicals’ site outside Kwekwe, in the central part of the country, and will generate power for its ammonium nitrate manufacturing facility.

Siemens to acquire electrical equipment manufacturer C&S Electric

Siemens has signed an agreement to acquire 99% of the equity share capital of India-based C&S Electric for approximately Rs21bn ($294m).

According to the agreement, Siemens India will acquire C&S Electric’s operations in the country, which include low-voltage switchgear components and panels, low and medium-voltage power busbars, as well as protection and metering devices businesses.

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