Funds managed by Apollo affiliates have agreed to acquire a 50 per cent stake in Broad Reach Power LLC (Broad Reach), a leading utility-scale energy storage and renewable energy platform in the US. The Apollo Funds will acquire the stake from existing investor EnCap Investments LP (EnCap) and its co-investment
Funds managed by Apollo affiliates are to acquire a 50 per cent stake in Broad Reach Power (Broad Reach), a utility-scale energy storage and renewable energy platform in the US, from EnCap Energy Transition Fund I (EETFI). The Apollo Funds will acquire the stake from existing investor EnCap Investments LP
Solvay Ventures, the venture capital fund of Solvay, has invested in Sepion, a California-based start-up that specialises in developing batteries with Li-metal anodes and liquid electrolytes. The USD16 million round was led by Fine Structure Ventures, and also includes other climate tech investors. The company raised funds to accelerate commercialisation
RBS International has supported the UK’s largest listed renewable energy fund, Greencoat UK Wind Plc, by successfully co-ordinating the increase and extension of its revolving credit facility to GBP600 million, and transition to SONIA, providing funding for its robust investment pipeline. The facility, which will be used to support a
Custom Solar, which specialises in the design, development, installation, and maintenance of commercial rooftop solar systems throughout the UK, has secured GBP4.8 million in new lending from Virgin Money to accelerate its growth ambitions. Based in Chesterfield, the business is behind the largest rooftop commercial installation in the country, fitting
ENGIE has acquired Abengoa’s indirect stake in Xina Solar One (Pty) Ltd. Following completion of the transaction, ENGIE will now hold a 40 per cent equity stake in the 100 MW Concentrated Solar Power (CSP) plant, as well as a 46 per cent of the Xina Operations & Maintenance Company
W3 Energy, an independent Swedish asset manager, is now using the Greenbyte performance optimisation solution to optimise 1.6GW of specialised cold climate wind power for international investors. The growing portfolio includes two of the world’s largest onshore wind projects, CGN’s 650MW Markbygden ETT and Luxcara’s 1,400MW Markbydgen Önusberget, as well
Ceiba Energy, a Houston-based power company with a focus in Latin American markets, has completed the acquisition of 100 per cent of Breitener Energética from Petrobras and other minority partners. Ceiba Energy is backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm. Breitener Energética
UK-based Low Carbon Limited and the Massachusetts Mutual Life Insurance Company (MassMutual) have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual will also support Low Carbon’s ambition to raise third-party investment funds with the aim of directing capital into large-scale renewable
Fluitron, an industrial gas compression manufacturer, has acquired Bethlehem Hydrogen (BHI), a manufacturer of integrated hydrogen compression, dispensing, and storage systems. Ara Partners (Ara), a private equity firm focused on industrial decarbonisation, sponsored Fluitron’s acquisition. Terms of the transaction have not been disclosed. Founded in 2009, BHI maintains
12 September, 2024 – 6:00 pm
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14 November, 2024 – 8:00 am
