Cero acquires remaining 50% shares, takes sole ownership of Nara Solar
Cero Generation has acquired full ownership of Nara Solar, an early-stage developer of utility-scale photovoltaic solar energy projects. Nara Solar was launched in 2019 as a 50/50 joint venture between Cero and Univergy Solar. With this acquisition, Cero has purchased Univergy's 50% shareholding in Nara Solar and will bring it under direct control within Cero's growing portfolio.
Nara Solar's portfolio includes 1 GW of solar in development, along with an early-stage pipeline of over 1 GW spanning Spain, France, and The Netherlands. With this acquisition, Cero's portfolio grows to over 11 GW, further cementing its position as a leader in the European renewables industry.
Univergy Solar, the former joint venture partner of Cero in Nara Solar, is a specialist in renewable energy development. The company specializes in the development of solar, wind, green hydrogen, and BESS projects, and have shown a commitment to driving the transition to a sustainable and decarbonized future.
Country updates
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July 26, 2023
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July 18, 2023
Nel ASA receives purchase order of electrolyzer 20 MW Hyd’Occ project in Port-La-Nouvelle
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July 18, 2023
RWE awarded three wind farms in Brittany and Les Hauts de France
The French regulation body, Commission de regulation de l’énergie (CRE), has awarded RWE three onshore wind projects with a total capacity of 43.5 MW. The Beg ar C’Hra pr...
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