L R AS Published on Saturday 17 June 2023 - n° 450 - Categories:miscellaneous financial
Two asset buyouts in the United States
Private equity firm Antin Infrastructure Partners has launched a takeover bid for Spanish developer Opdenergy.
Opdenergy currently has 904 MW
of operational renewable energy capacity, with a further 951 MW under construction or in the development phase. Antin also has stakes in the German developer Blue Elephant and the US renewable energy platform Origis Energy.
https://www.pv-tech.org/spanish-ipp-opdenergy-gets-us935-million-buyout-offer/
PV Tech of 14 June 2023
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The American company Duke Energy is selling its renewable power plant division to its compatriot Brookfield Renewable. The deal is worth $2.8 billion. It covers 1.5 GW of solar energy and 5.9 GW of renewable capacity. Prior to the deal, Brookfield had 24 GW of renewable energy capacity, including 2.3 GW of solar and 8.1 GW of hydro.
Duke Energy plans to redeploy in renewable and grid infrastructure
PV Tech of 13 June 2023
Editor's note Are these transactions, in which one of the players disappears in favour of a concentration, symptomatic of an era, or is this a usual phenomenon in renewable energies? The real trigger for these deals is the need for equity to finance 10% to 20% of the cost of construction. When a player is pressured by the bank to provide more equity, it has to sell part of its portfolio or sell itself completely.
