EC Commission clears acquisition of joint control over X-Elio Energy by Brookfield and KKR
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over X-Elio Energy, S.L. by Brookfield Asset Management Inc. and KKR & Co. Inc. which currently solely controls X-Elio.
Brookfield will acquire a 20% interest in X-Elio from Acek and a 30% stake in KKR. Under the deal, KKR and Brookfield Renewable will operate X-Elio through a 50/50 joint venture.
X-Elio is active in the development, construction, operation, and maintenance of solar plants in Spain, the US, Mexico, Chile and Japan.
Country updates
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November 14, 2019
Excelsior acquires 90.1% stake in Prairie Breeze II & III Wind Energy Center
Excelsior Energy Capital, through its North American Renewable Energy Fund, has executed definitive agreements for the acquisition of 90.1% of Invenergy’s sponsor equity interests in the combine...
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November 14, 2019
Ørsted starts construction of 460 MW energy center in USA
Ørsted announced that following final investment decision from its Board of Directors, it has commenced construction on the company's first utility-scale solar plus battery storage project, the...
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November 14, 2019
Clorox to offtake 70 MW of power from 497 MW Roadrunner solar PV project in Texas
The Clorox Company and a wholly owned subsidiary of Enel Green Power North America have signed a 12-year, 70 megawatt (MW) virtual power purchase agreement (VPPA) for the purchase of renewable energy...
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November 14, 2019
Nautilus starts development of 12.44 MW King community solar project in North Smithfield
TurningPoint Energy and Nautilus Solar Energy have launched the ground breaking of the King community solar project in North Smithfield, Rhode Island. The project represents two solar arrays totalin...
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November 13, 2019
Enel Green Power commissions 36 MW Campoliva I wind project in Villamayor de Gallego
Endesa, through its renewable energy arm, Enel Green Power España (EGPE), has connected to the grid the 35.99 MW Campoliva I in Villamayor de Gallego, Zaragoza province. The total investment is...
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