Enmax finalizes acquisition of Emera Maine
ENMAX Corporation (ENMAX) has closed the transaction to purchase Emera Maine for CAD1,286 million (US$906.8 million) from Emera Inc. Including the assumed debt, aggregate enterprise value is US$1.3 billion USD on closing. Emera Maine is a regulated electricity transmission and distribution utility in the state of Maine, servicing more than 159,000 customers.
Emera Maine will continue to operate as a stand-alone utility headquartered in Bangor and will operate under a new name to be announced in the future.
Country updates
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March 30, 2020
CUI Global signs agreement to acquire Reach Construction Group
CUI Global, Inc. has entered into a definitive agreement to acquire Reach Construction Group, LLC, an industry-leading solar construction company. The transaction will consist of third-party debt and...
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March 30, 2020
Eurus Energy America withdraws bid in Palehua Wind project in West Oahu
Eurus Energy America, a unit of Japan’s Eurus Energy Holdings, has decided to withdraw its bid to construct the 46.8 MW Palehua wind project on Hawaii’s Oahu island. The company has...
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March 23, 2020
Tennessee Valley Authority launches renewables tender of 200 MW capacity
The Tennessee Valley Authority (TVA) of the State of Tennessee has launched a request for proposal (RFP) tender for the development of renewable energy projects with a possibility of incorpo...
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March 23, 2020
CIP invests in 350 MW Fighting Jays Solar project in Fort Bend County
Plus Renewable Technologies, Limited and Avondale Solar, LLC have entered into an agreement to sell their interests in a 440 MWdc solar PV project in Fort Bend County, Texas that they are developing t...
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March 23, 2020
Eni, Falck complete strategic agreement for joint development of 1 GW US renewables
Falck Renewables and Eni have completed the strategic agreement for the joint development of renewable energy projects in the United States announced on December 20, 2019. The agreement involves the...
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