Through its subsidiary Summit Southern Cross Power Holdings, Sumitomo Corporation has completed the acquisition of Infinite Energy Holdings. The acquisition will enable the company to become a key player in the Australian electricity market. Infinite Energy Holdings is a US-based natural gas and electricity company.

Danfoss Power Solutions and UQM Technologies have signed a definitive merger agreement, under which Danfoss will acquire UQM for $100m, including the assumption of the latter’s debt. The merger is subject to the approval of two-thirds of UQM shareholders and the Committee on Foreign Investment in the US, as well as being subject to other customary closing conditions.

RWE has filed an application with the European Commission to acquire the renewable business of Innogy and E.ON. The acquisition is the initial step of a merger control process that is required for the asset exchange between RWE and E.ON. The EU antitrust regulators are expected to arrive at a final decision by 26 February.

US-based Entergy has sold its Entergy Nuclear Vermont Yankee unit to subsidiaries of NorthStar Group Services, which will decommission Vermont Yankee Nuclear Power Station. The project is a single unit boiling water reactor, which began commercial operations in 1972. Entergy acquired the plant from Vermont Yankee in 2002 and the plant permanently closed in 2014.