Spain | Solar PV | Greenfield disposal | Undisclosed
Ardian-owned Akuo agreed to sell three early-stage PV projects in Castilla y León and Andalusia, totalling more than 500MW, to Dos Grados Capital. The price was not disclosed. The sale scales back Akuo's Spanish exposure.
UK (£) | Wind | Project finance debt | £13bn
KKR and RWE are close to financial close on a £13bn debt package for the Vanguard wind projects. Lenders, tenor and pricing were not disclosed. If closed at this size, one of the largest renewables debt raises of the year.
Hy24, a French asset manager and the world’s largest investment platform dedicated to low-carbon hydrogen and its derivatives, through its dedicated Clean Hydrogen Infrastructure fund, has signed an agreement with EDF Pulse Ventures, EDF’s venture capital arm¹, with a view to acquiring Hynamics, a subsidiary of the EDF Group. Read more.
Equitix, Europe's leading small to mid-market infrastructure investor; MDM, an Irish developer of subsea cable systems; and Orange, one of the world's leading telecommunications operators and digital service providers, are pleased to announce the formation of a joint venture to deliver the Pisces project, a new subsea cable establishing a direct digital connection between Ireland and continental Europe. Carine Romanetti, a recognized subsea expert has been appointed CEO of the PISCES Cable System Limited Joint Venture. Read more.
TotalEnergies and KKR today announced the signing of an agreement to add 700 MW to the 50/50 Joint-Venture (JV) they created in the U.S. in 2025, which currently holds 1.4 GW. The transaction covers a portfolio of three utility scale solar assets located in Texas and in Ohio which are expected to reach their commercial operation dates by the first quarter of 2027. The electricity produced by these assets is already sold to third parties or will be marketed by TotalEnergies. The transaction reflects an enterprise value of $1.2 billion for the portfolio. Read More.
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