Zahid Group unit closed acquisition of 50% stakes in Greencells
Greencells, an independent European solution provider for solar photovoltaic (PV) power plants, has concluded a strategic investment with OMAS, a wholly-owned subsidiary of the Zahid Group, a diversified Saudi Arabian conglomerate. As part of the investment, OMAS has aquired a 50% share in Greencells.
Apricum - The Cleantech Advisory served as Greencells´exclusive financial advisor, with Herbert Smith Freehills providing legal advice. Zahid Group was advised by Watson Farley & Williams (legal, tax), EY (financial) and TÜV SÜD (technical).
Country updates
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July 30, 2018
Last of the 20 suction bucket installed at Borkum Riffgrund 2
Innovation, GeoSea's jack-up vessel, has installed the first suction bucket jacket in early June. Finally, on July 30, 2018, the last of the 20 was placed. Meanwhile, the installation of the 36 mo...
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July 30, 2018
Elia blocks sale of 20% stake in Eurogrid to SGCC and agrees acquisition by KfW
The Belgian transmission system operator (TSO) Elia System Operator SA/NV has exercised its pre-emption right on the remaining 20% stake in Eurogrid International, the holding company of German T...
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July 26, 2018
With the objecive to spand into Germany Foresight Group has acquired an anaerobic digestion portfolio from Lindhorst Gruppe
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July 25, 2018
PNE raises its stake in WKN to 100%
PNE AG has increased its stake in the subsidiary WKN AG, based in Husum, from 89.1% to 100% as part of the implementation of the "scale up" strategy. As a first step, PNE acquired a majorit...
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July 20, 2018
German offshore wind farm to test new type of foundation
Van Oord has announced that it has been contracted to manufacture and install Mono Bucket foundations for two of the 33 wind turbines that will comprise the Deutsche Bucht wind far...
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