Deal Watch

Reports on major debt, equity and M&A deals

---

North America Latin America Asia Pacific
Europe Middle East & Africa

North America

NextEra sells 50 per cent renewable and storage portfolio to OTPP 

November 30, 2021
NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc, has announced the completion of a 2,520-MW portfolio of wind, solar, and energy storage assets spread across nine states in the US.

Canadian CSI Solar inks framework agreement with Contemporary Amperex Technology 

November 24, 2021
Canadian Solar's CSI Solar business unit announced the signing of a framework agreement with Contemporary Amperex Technology Company Limited (CATL), to collaborate on battery energy storage systems (BESS), lithium-ion battery module supply, battery storage project operation and maintenance services, and innovative renewable energy technology.

Breakthrough Energy Ventures, National Grid Partners and NextEra invest in TS Conductor 

November 17, 2021
San Clemente-based TS Conductor Corp. has raised USD25 million through a Series A funding round.

Bentley Systems inks agreement to acquire Power Line Systems 

November 16, 2021
Bentley Systems Incorporated, an infrastructure engineering software company, announced that it has reached a definitive agreement with private equity firm TA Associates to buy Power Line Systems for USD700 million.

Latin America

CABEI to finance transmission system expansion in Honduras and Nicaragua 

October 27, 2021
The Central American Bank for Economic Integration (CABEI) has approved non-reimbursable technical cooperation to finance seven feasibility studies for USD1.4 million, to expand and strengthen the electricity transmission systems in Honduras and Nicaragua.

EDP buys Celg T at auction; to sell three transmission assets to Actis in Brazil 

October 18, 2021
Pequena Central Hidrelétrica, controlled by Energias de Portugal (EDP), has won the bid to acquire Celg Transmissão S.A (Celg T) for BRL1.977 billion at a recent auction held in Brazil.

IDB Invest to finance Tacuarembó–Salto line in Uruguay 

October 4, 2021
IDB Invest, a member of the Inter-American Development Bank Group (IaDB), will be financing the first green transmission line in Uruguay.

Brazilian Eletronorte sells stake in transmission company 

September 25, 2021
Brazilian state-run power company Centrais Eletricas Brasileiras SA’s (Eletrobras) subsidiary Centrais Elétricas do Norte do Brasil SA (Eletronorte) has sold its stake in Norte Brasil Transmissora de Energia SA (NBTE) worth USD140 million.

Asia Pacific

Australian APA Group acquires debt interest in Basslink, Tasmania–Victoria interconnector 

November 22, 2021
Australian energy infrastructure company APA Group, has recently acquired a stake in the debt of Keppel Infrastructure Trust's (KIT) Basslink—the Tasmania–Victoria interconnector, and is interested in buying the link.

Resurgent to acquire Northern India’s transmission project from Essel Infraprojects 

November 15, 2021
Resurgent Power Ventures Pte Limited, a Singapore-based joint venture (JV) between ICICI Bank, Power Platform Limited, Kuwait Investment Authority and Tata Power, has recently been selected as the lender's nominee to acquire 100 per cent shareholding in North Region Strengthening Scheme XXXVI Transmission Limited (NRSS-XXXVI), a troubled power transmission project spread across the three states of Haryana, Rajasthan and Uttarakhand.

Vietnam receives US grant for pilot BESS project [free access]

October 22, 2021
Vietnam received a grant of USD2.96 million from the US Consulate General for developing the first grid-scale battery energy storage system (BESS) in the country.

Uzbekistan to receive corporate loan from EBRD for 500 kV line 

October 13, 2021
In an unprecedented move, Uzbekistan will receive a corporate loan without a state guarantee from the European Bank for Reconstruction and Development (EBRD) for the construction of a high voltage (HV) transmission line associated with two wind farms. The value of the loan has not yet been disclosed by the involved organisations.

Europe

UK’s Rampion Offshore Wind sells transmission assets to TCP 

November 23, 2021
Rampion Offshore Wind Limited, the developer of 400 MW offshore wind in the UK, has sold its high voltage transmission assets to Transmission Capital Partners (TCP)—a consortium of Transmission Capital Partners Limited Partnership (TCP LP) and International Public Partnerships Limited (INPP).

NIB provides EUR70 million investment loan to Finland’s Fingrid 

November 17, 2021
The Nordic Investment Bank (NIB) has provided a 15-year investment loan amounting to EUR70 million to Finland’s transmission system operator (TSO), Fingrid.

Ukraine’s Ukrhydroenergo receives World Bank funding for hybrid systems 

November 10, 2021
Private joint stock company Ukrhydroenergo, managing the major part of hydro generation facilities in Ukraine, has received financing from the World Bank for the installation of hybrid systems for electricity production.

North Macedonian competition authority approves acquisition of Croatian Dalekovod 

October 26, 2021
The Competition Authority of North Macedonia has given its approval to the joint acquisition of Croatian power transmission equipment manufacturer Dalekovod by NaprednaEnergetskaRjesenja, a joint venture (JV) company of Croatian electrical equipment manufacturer KoncarElektroindustrija and Construction Line Limited.

Middle East & Africa

Senegal’s Senelec to receive loan from ITFC 

November 23, 2021
International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has approved a loan of EUR100 million to Senegal’s national electricity company Société Nationale d'électricité du Sénégal (Senelec) to give a boost to the energy sector.

Tanzanian TANESCO signs USD30 million deal with Indian Tech Mahindra 

November 10, 2021
Tanzania Electric Supply Company (TANESCO) has signed a USD30 million deal with Indian technology firm Tech Mahindra to improve efficiency in the power utility company, which is undergoing transformation.

Egyptian EETC signs EGP4 billion syndicate loan contract [free access]

August 23, 2021
The Egyptian Electricity Transmission Company (EETC) has signed an EGP4 billion loan deal with the National Bank of Egypt (NBE), Commercial International Bank-Egypt (CIB), Banque du Caire, and the National Bank of Kuwait (NBK).

AfDB grants USD6 million for West African Sahel Transmission Backbone 

July 12, 2021
The African Development Bank (AfDB) has approved a grant worth USD6 million for launching the initial phase of the Desert to Power West Africa Regional Energy Programme, which is an AfDB initiative expected to transform the Sahel region by harnessing the region's abundant solar potential.