Deals in brief
Siemens Gamesa acquires Senvion’s Ria Blades factory in Portugal
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has acquired all the shares in Senvion’s Ria Blades factory.
The deal includes the onshore wind turbine blade factory located in Vagos, Portugal, and other additional assets.
The total purchase price for Senvion’s selected assets, including the manufacturing facility in Vagos, the Onshore European Services assets and IP is €200m.
Siemens Gamesa CEO Markus Tacke said: “We are pleased that we were able to complete the acquisition process so constructively together with our new colleagues and partners.
“We are operating in a highly competitive market environment and to remain successful in such an environment demands that we must continuously strive to find ways to grow and adapt to market dynamics.”
With this acquisition, SGRE has completed the acquisition of all the select assets from Senvion announced in October last year.
As part of the agreement, SGRE agreed to obtain Senvion’s European onshore service, its intellectual property, its onshore blade manufacturing facility in Vagos, and 2,000 Senvion employees will transfer to SGRE.
SGRE intends to make Ria Blades factory an export hub for international markets to minimise the company’s production dependency on Asian suppliers.
Siemens Gamesa onshore CEO Alfonso Faubel said: “The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss.
“It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint. The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in the quality of manufacturing.”
Hitachi and Gridserve partner on multi-million-pound renewable deal
Hitachi Capital UK and UK renewable energy company Gridserve Sustainable Energy have signed a partnership agreement to develop solar farms and solar-powered electric vehicle (EV) charging stations.
Hitachi will make a multi-million-pound investment in Gridserve Sustainable Energy to help the renewable energy company deliver its hybrid solar farms and more than 100 Electric Forecourt charging stations within the next five years.
The deal’s exact financial terms were not disclosed.
OPG’s Atura Power to acquire three natural gas-fired plants
Government-owned Ontario Power Generation’s (OPG) subsidiary Atura Power has finalised a deal to buy three combined-cycle natural gas-fired plants, which were previously owned by TC Energy.
The acquisition is valued at approximately C$2.8bn ($2bn) and dependent on customary closing adjustments.
Greencoat UK Wind to acquire Scottish wind project for £320m
British investment company Greencoat UK Wind has agreed to acquire the South Kyle wind farm in Scotland for £320m, once it reaches completion.
The move comes after Swedish developer Vattenfall took the final investment decision to build the subsidy-free Scottish wind project, reported Reuters.
KKR to buy 317MWp of solar energy assets from India’s SP Infra
Global investment firm KKR has signed a definitive agreement with Indian infrastructure developer Shapoorji Pallonji Infrastructure Capital (SP Infra) to acquire its five solar energy assets for a total consideration of INR15.54bn ($204m).
The 317MWp solar portfolio includes 169MWp capacity of assets in the Indian state of Maharashtra, while 148MWp located in Tamil Nadu state.
Parkwind and Bladt sign agreement for design of Baltic sea sub-station
Parkwind and Bladt have signed an agreement for the design, fabrication and installation of the Arcadis Ost 1 substation, situated in the German Baltic Sea 19km off Ruger’s island.
The platform is a joint project between the two companies and will be operated alongside German Transmission System Operator (TSO) 50 Hertz.