m&a

US utility Allete is acquiring Maryland-headquartered distributed solar developer and operator New Energy Equity for around US$165.5 million.

French electrical equipment group Schneider Electric has acquired a controlling stake in EnergySage that will see the US-based solar marketplace provider look to scale its business globally.

Having completed its entry into the electric vehicle (EV) sector, microinverter supplier Enphase Energy is now accelerating efforts to develop bi-directional charging to offer a package that benefits homeowners and its installer partners while easing pressure on the grid.

Renewables investor Magnora has acquired 92% of South Africa-based solar and wind project development company African Green Ventures (AGV).

French energy major TotalEnergies is acquiring US solar installer SunPower’s Commercial and Industrial Solutions (CIS) business for US$250 million.

Renewables developer RES has doubled its renewable energy asset management portfolio in Australia to more than 3GW with the acquisition of Blueshore.

Energy storage software and services firm Stem, Inc said its acquisition of PV asset management company AlsoEnergy will allow it to “unlock significant value” within renewable energy after the transaction completed.

Indian independent power producer (IPP) ReNew Power has sold its 117MW rooftop solar portfolio as part of a strategy to heighten its focus on utility-scale PV.  

Renewables owner and operator Brookfield Renewable has tripled its US development pipeline to 31GW through the US$650 million acquisition of clean power developer Urban Grid.

US residential solar lender Dividend Finance is to be acquired by Ohio-based banking company Fifth Third.