EDPR completes acquisition deal with Sunseap
EDP Renewables has announced that all pending regulatory conditions have been met for the agreement reached in November to acquire a 91% stake in Sunseap, distributed solar power operator in Southeast Asia. The deal was closed at SGD1.1 billion (US$811.8 million).
EDPR and Sunseap will embark on renewable energy projects across the Asia Pacific region, specifically solar and wind projects. There will also be opportunities for co-operation in energy storage and green hydrogen, among others. EDPR now has access to markets with growth in renewables of over 120 GW/year, representing approximately 75% of the expected global growth (2020-2030).
Country updates
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March 31, 2022
Terrenus Energy and Digo Corp win 70 MWp solar project from HDB, EDB
Terrenus Energy Pte. Ltd. and Digo Corporation Pte. Ltd. have been awarded a 70 MWp solar contract by the Housing Development Board (HDB) and Singapore Economic Development Board (EDB). This project i...
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March 16, 2022
Sun Cable receives financing for World's largest Powerlink project
Sun Cable has completed an AUD210 million (USD151.07 million) Series B capital raise to fund the development work of the Australia-Asia PowerLink (AAPowerLink) project.
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Green Era closes acquisition of 33.33% stake in Star Energy
Green Era Pte Ltd has completed the sales and purchase agreement to acquire a 33.33% shareholding stake in Star Energy from BCPG Public Company Limited for US$440 million. Star Energy owns cont...
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November 09, 2021
Sunseap sells 87.4% stake to EDPR
EDP Renewables (EDPR) has reached an agreement to acquire an 87.4% stake in Sunseap, the largest distributed solar player and top 4 solar players in South East Asia. Between signing and closing, EDPR...
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November 03, 2021
SDCL Energy Efficiency makes series of investments
SDCL Energy Efficiency Income Trust (SEIT) has updated investors on its recent investment and financing activity. SEIT has made an investment commitment of GBP3 million (US$4.1 million) to implement,...
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