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Sempra Energy sells Chilean businesses to SGID for $2.23bn

North American energy infrastructure company Sempra Energy has completed the sale of its Chilean businesses to the State Grid International Development (SGID) for $2.23bn.

Under the deal, SGID will acquire Sempra Energy’s 100% stake in Chilquinta Energía.

The purchased company distributes electricity in Chile and serves approximately two million people across the Valparaíso and Maule regions.

Sempra Energy chairman and CEO Jeffrey W Martin said: “Today’s announcement completes the divestiture of all of Sempra Energy’s South American assets – an important step in narrowing our strategic focus to the most attractive markets in North America.

“This sale furthers our mission to be North America’s premier energy infrastructure company. I commend all parties involved in getting this deal completed and want to thank the hardworking employees of Chilquinta Energía for their dedication to powering Chile’s homes, businesses, medical facilities and more.”

Sempra also sold the entirety of Tecnored, which offers electric construction and infrastructure services to Chilquinta Energía and others.

The deal included the divestment of a 50% stake in Eletrans, which owns, constructs, operates, and maintains power transmission facilities.

With the divesture of Chilean business, Sempra Energy has completed the sale of its South American businesses. It has earned approximately $5.82bn from the sales, and the company will use the proceeds to further strengthen its balance sheet and liquidity.

Last October, Sempra Energy signed an agreement to divest its equity interests in its Chilean businesses to SGID for $2.23bn.

Denmark plans “energy islands” with 6GW of offshore wind approvals

The parliament of Denmark has approved the construction of 6GW of offshore wind generation across two “energy islands” and a new wind farm. One of the islands will be artificially built in the North Sea, and both will act as bases for energy development.

The agreement includes legislation for the construction of a 1GW wind farm off the coast of Hesselø, a small island north-west of the Danish Straits surrounding Copenhagen.

APICORP invests in Jordan Wind Project Company

Multilateral development bank Arab Petroleum Investments (APICORP) has invested in wind energy venture Jordan Wind Project Company (JWPC).

APICORP now owns 20% of JWPC, which developed the Tafila Wind Project in Jordan. This is APICORP’s first investment in the country. Abu Dhabi’s renewable energy firm Masdar owns a 50% stake in JWPC, with Tamasuk Holding owning 30%.

Iberdrola to make takeover bid for Infigen Energy in Australia

Spanish electric utility company Iberdrola is set to make a takeover bid for Australian renewables firm Infigen Energy for A$840m ($576m).

The company has received support from its managing board and its main shareholder TCI Fund Management, which has 33% holding.

Infigen Energy currently has 670MW of wind power in operation, including seven wind farms, and an in-development portfolio of 1GW wind and solar projects.

Pattern Energy acquires Clines Corners development opportunity

US-based renewable energy company Pattern Energy Group has acquired the Clines Corners wind power development opportunity from Orion Wind Power Resources.

Orion is a joint venture between Orion Renewable Energy Group (Orion) and MAP Energy (MAP).

Located in Torrance and Guadalupe counties of New Mexico, the development opportunity will support up to 1GW of wind power on nearly 122,000 acres of private and state lands. 

China Gezhouba Group wins $1.62bn contract for Indonesian hydro plant

State-owned construction company China Gezhouba Group (CGG) has signed a $1.62bn (CNY11.52bn) deal to construct a 1.2GW hydroelectric power plant in Indonesia.

CGG will run the design, construction material, procurement, and commissioning for the Borneo plant. Work will begin with phase one of the Data Dian plant, owned by Indonesia Dafeng Heshun Energy Industri.


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