Kohlberg Kravis Roberts (KKR) has officially announced that it acquired Glasgow-based Smart Metering Systems (SMS) for GBP1.3 billion (US$1.41 billion).
The deal was deemed unconditional by SMS shareholders upon obtaining 62.78% of their votes. The acquisition was first disclosed in December by a newly established entity that is fully controlled by funds managed by KKR and its affiliates. Each share of SMS will now be worth 955p to shareholders.
Smart Metering Systems (SMS) is a fully integrated energy infrastructure company that owns, installs and manages carbon reduction (CaRe) assets, including smart meters, battery energy storage systems (BESS), and EV chargepoints.
Fotowatio Renewable Ventures (FRV) and Harmony Energy have announced the energisation and launch of a 99 MW / 198MWh Clay Tye battery energy storage system (BESS) located in Essex,...
Read moreVirgin Money announced that it is providing EUR33 million of long-term funding for a 45MW solar farm in Hertfordshire in the UK
Read moreExport Finance Norway (Eksfin) is providing loan financing of EUR 525 million (US$570 million) to Ørsted for the purchase of two transformer platforms from Norway’s Aibel f...
Read moreLhyfe has unveiled plans for its 20 MW green hydrogen project in Wallsend, North Tyneside, UK. Named Lhyfe Wallsend, the facility will be capable of prod...
Read moreThe European Investment Fund (EIF) has signed a EUR150 million (US$161.62 million) cornerstone commitment to the White Summit Capital Decarbonisation Infrastructure Fund II (WDIF II).
Read more