Deals & Finance

Canadian Solar Completes Purchase of Three Solar Farms From KKR

Canadian Solar Inc. has closed on the acquisition of three operating solar projects totalling 59.8 megawatts of capacity from KKR for US$203.7 million.
The company also closed a US$50 million loan with Credit Suisse that is related to the purchase . Credit Suisse also acted as sole financial advisor on the transaction.

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Nordex to Pay US$882 Million to Acquire Acciona’s Wind-Power Business

Nordex has signed an agreement to acquire the wind power business of Acciona S.A. for €785 million (US$882 million) in cash and shares.

Acciona’s wind power business is grouped under its subsidiary, Corporacion Acciona Windpower S.L., which is subject of the acquisition by Nordex.

The deal is subject to standard market conditions, including merger clearance by the relevant competition authorities.

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African Renewable Energy Fund Reaches US$200 Million Financial Close

The African Renewable Energy Fund, a dedicated renewable energy fund focused on sub-Saharan Africa, has reached its final close with US$200 million of committed capital to support small- to medium-scale projects, with investment at the final close from European Investment Bank and the Global Energy Efficiency and Renewable Energy Fund, among other investors.

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