Portugal's AdC approves 70% stake acquisition in Profit Energy
Autoridade da Concorrência (AdC), the Competition Authority of Portugal, has approved the 70% stakes acquisition deal of Greenvolt - Energias Renovaveis SA in Profit Energy.
Profit Energy is a Portuguese solar and energy efficiency project developer that specializes in the development and design of energy production projects using renewable sources and energy efficiency, with a strong focus on photovoltaic solar systems and LED lighting.
Closing of the transaction is expected to be done in the coming days.
Country updates
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July 27, 2021
EDPR divests 221 MW Portuguese wind portfolio to Onex
EDP - Energias de Portugal, S.A., through its 74.98% owned subsidiary EDP Renováveis, S.A. (EDPR), signed a Sale and Purchase Agreement with Onex Renewables S.a.r.l, to sell a 100% equity stake...
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July 02, 2021
New investor commits US$232mn for NextPower III
NextEnergy Capital Group (NEC) has announced new investor commitments of US$232 million into NextPower III ESG international solar fund (NPIII), taking total funds raised to date to US$530 million (in...
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June 17, 2021
Portugal approves location for 270 MWp solar project in Palmela
The city government of the Portuguese community of Palmela has authorized the location for building of a 270 MWp solar facility. Proposed by LOGZ Atlantic HUB SA, the solar park will feature 614,...
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May 26, 2021
USS invests EUR225m for 50% stake in Bruc Energy
The Universities Superannuation Scheme (USS), the largest private pension fund in the United Kingdom by assets, has taken a 50% stake in Bruc Energy, a Spain and Portugal renewables-focussed investmen...
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March 02, 2021
Nordic Solar buys 48.5 MW Insua solar PV project in Alentejo
Nordic Solar has closed the purchase of a 48.5 MWp solar project in Alentejo region, Portugal from Chint Solar, without giving economic information. Upon completion of the project, it will be the big...
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