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Engie to divest stake in Engie EPS to TCC
France-based energy firm Engie has authorized a sale purchase contract to market a 60.5% risk in the share resources of Engie EPS to Taiwanese firm TCC. TCC has agreed to pay EUR17.10 ($ 20.62) per share in cash money for an aggregate consideration of EUR132m ($ 159m) as well as an implied business value of more than EUR240m ($ 288m). Engie EPS is a provider and system integrator in storage space and eMobility solutions. Engie Chief Executive Officer Catherine MacGregor stated: "The sale of our risk in Engie EPS is in line with the team's technique to simplify its tasks and also concentrate on core companies. This purchase belongs to our enhanced disposal strategy announced last July." With more than $10bn market capitalisation, TCC is associated with power generation, battery manufacturing, concrete production, environmental services, chemicals, logistics and infrastructures. In recent years, the business has actually been energetic in developing renewable resource and energy storage space systems. Completion of the offer is expected to happen this year based on popular authorizations and regulatory approval. Upon completion, Engie EPS will trade as New Horizons Ahead (NHOA). Engie confirmed that it will go after industrial partnerships with NHOA after the deal. Engie EPS Chief Executive Officer Carlalberto Guglielminotti said: "This procurement by a leading, visionary industrial team like TCC, stands for the supreme acknowledgment of our first-rate innovation management and a transformational chance to settle our growth internationally. " It will certainly give us instantaneous access to a world-leading supply chain and to Asian markets, in addition to the financial breadth to credibly position as a global leader in the turnkey delivery of energy storage space systems and a global enabler of the eMobility change." Last September, Engie chose to assess tactical choices for Engie EPS. The company said this sale will contribute to its ongoing group simplification programme. In October, Engie obtained the Hills of Gold wind center from Wind Energy Partners for A$ 750m ($528m).
Apr 21, 2021 // Markets & Finance News, France, Engie, Europe, Carlalberto Guglielminotti, Catherine MacGregor
Solar designers rush on Brazil ahead of subsidy terminate
the country, global developers such as Total Eren, Canadian Solar, Voltalia in France, and also Portugal-headquartered EDP have all been provided grants for solar
Apr 22, 2021 // Markets & Finance News, UTILITY-SCALE SOLAR, Total Eren, Iberdrola, Voltalia, South america, Brazil, EDP Renewables, enel green power, transmission network, aeel, aurora energias
N. Macedonia inks contracts with Bulgaria's Solarpro, Turkey's Fortis for 100 MW solar park project
services on several of the key EU markets - the Netherlands, Germany, France as well as
Jun 18, 2021 // Plants, Commercial, Markets & Finance News, Europe, Asia, Turkey, PV Power Plant, Bulgaria, N. Macedonia, Solarpro, Fortis, solar park project
Oriano Recovers in Business With 350 MWp of New Solar Projects
Aditya Birla Renewables, Solarpack (Spain), Downing (UK), Technique Solaire (France), HAL, HPCL, among others. According Deloitte Fast50 2018 and 2019 positions,
Jul 15, 2021 // Plants, Lokendra Singh, Opex and Capex projects, Oriano Solar, Utility-Scale Solar Projects
Solar Marketplace Otovo Powers Up German Presence
represented in 7 European countries, including Germany, Sweden, Norway, France, Poland, Spain as well as Italy. Otovo anticipates more than 1,000 new
Dec 6, 2021 // Markets & Finance News, Rooftop PV, Germany, Europe, Andreas Thorsheim, Otovo
TotalEnergies to establish 160MW New Caledonia PV
of achieving carbon nonpartisanship by 2040. TotalEnergies Renewables France chief executive Thierry Muller said: "Prony Resources New Caledonia's
Dec 20, 2021 // Plants, Large-Scale, Commercial, Storage, caledonia, PV Power Plant, TotalEnergies
Greencoat Renewables goes into Spanish solar market
Renewables' European growth strategy and adheres to the firm's expansion into France, Finland as well as Sweden. Spain stands for an interesting chance having
Dec 22, 2021 // Plants, Markets & Finance News, Spain, Lightsource BP, Europe, Fernando Roger, Greencoat Renewables, Paul O'Donnell
Solar powered elevator unveiled in Spain
and has a workforce of more than 700. It operates in Spain, Belgium and France and in 2018 reached turnover of €100
Sep 10, 2019 // Technology, Spain, Europe, ION Green Solar, Fain Ascensores
Harmony Energy protects ₤ 60m from NatWest for battery storage acquisition
UK. Furthermore, Harmony Energy announced that it is increasing into France with the launch of a new associate in March. NatWest on the other hand has
Jun 23, 2022 // Markets & Finance News, Storage, UK, Europe, Harmony Energy Income Trust plc, Norman Crighton
Enphase virtually increases revenue in Europe amid increasing rate of interest in home electrification
as 69% on Q1 2022, led by solid demand for microinverters in the Netherlands, France, Germany, Belgium, Spain and Portugal. "We have an unbelievable opportunity
Jul 28, 2022 // Manufacturing News, Markets & Finance News, Enphase Energy, Inverters, financial results, residential, electric vehicles, microinverter, residential storage, company results, Q2 2022
Boralex Q3 loss widens as French power prices soften sharply
for a diversified producer. Volumes were up, but capture rates slipped in France, where mild weather, robust nuclear availability and growing daytime
Nov 10, 2025 // Markets & Finance News, power prices, Boralex, renewables portfolio, earnings, France,
SunPower Bankruptcy: End of an Era in Solar Industry
to $10 billion in its Chapter 11 petition, with top shareholders including France’s TotalEnergies SE. SunPower has agreed to sell assets to Complete
Aug 6, 2024 // Markets & Finance News, SunPower Corp
BayWa sells 115MW of Spanish solar plants
of BayWa r.e. of greater than 130MW of wind and also solar capacity in France, the UK and
Jan 4, 2023 // Markets & Finance News, Spain, Europe, Benedikt Ortmann, BayWa, Anthony Doherty, pw power plant
Iran Aims To Get International Solar Alliance Membership
in 2015, the International Solar Alliance is an initiative by India as well as France that seeks to augment solar power while additionally lowering the price of
Jan 9, 2023 // Markets & Finance News, Policy, Asia, North America, Iran, wind power plants, solar power plants, Renewable Electricity, Antigua and Barbuda, Solar Farms, international solar alliance, installed capacity, Sixth Development Plan
ABO Wind raises 2022 net profit 78%.
2022 from EUR 127 million with Germany bookkeeping for about 35% of the total. France and also Finland were also key markets for the firm with a share of 27% as
Mar 15, 2023 // Markets & Finance News, ABO Wind