Deal Watch

Reports on major debt, equity and M&A deals

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North America Latin America Asia Pacific
Europe Middle East & Africa

North America

Camus Energy secures USD16 million Series A to advance grid management, support utilities 

July 22, 2021
Camus Energy, a leading provider of advanced grid management technology, recently announced that it has secured USD16 million in a Series A round (i.e., the company’s first round of venture capital financing), led by Park West Asset Management and joined by Congruent Ventures, Wave Capital and other investors, including an investor-owned utility (IoU).

Leyline JV provides financing for battery projects [free access]

July 7, 2021
Recently, the sector-focused investment group Leyline Renewable Capital, which provides debt and equity capital, has formed a joint venture (JV) with energy infrastructure investment company Starwood Energy Group, to fund the execution of two battery energy storage projects in Virginia and Texas, with a total capacity of 400 MW/1,400 MWh.

Mayflower Wind acquires 1.2 GW interconnection queue position from Anbaric 

June 3, 2021
Mayflower Wind—a 50-50 joint venture (JV) between energy companies Shell New Energies, US and the newly-formed US arm of Ocean Winds (a JV between EDP Renewables and ENGIE)—recently acquired a 1.2 GW interconnection queue position from independent grid operator Anbaric at the retired Brayton Point coal-fired power plant site south of Boston, Massachusetts.

Agilitas Energy acquires Boston-based New England Battery Storage (NEBS) 

June 3, 2021
Agilitas Energy—a distributed energy developer—recently acquired Boston-based New England Battery Storage (NEBS)—a private energy storage developer focused on utility-scale battery storage.

Latin America

Brazilian Eletronorte signs debt confession instrument of around BRL808 million with AmE 

July 19, 2021
Brazilian Centrais Elétricas do Norte do Brasil S.A. (Eletronorte), a subsidiary of state-owned power utility Elétricas Brasileiras S.A. (Eletrobras), has signed a Confissão de Dívidas or Debt Confession Instrument (ICD) of BRL808.75 million with Amazonas Energia SA (AmE), aimed at renegotiating the debt held by AmE with Eletronorte.

Board of Directors of Eletrobras approves sale of NBTE’s stake 

July 12, 2021
The Board of Directors of Brazilian Eletrobras has approved the sale of its stake in Norte Brasil Transmissora de Energia S.A. (NBTE) for BRL700 million.

Chilean SAESA acquires Tolchén Transmisión for USD36 million 

July 12, 2021
Chile-based Grupo SAESA, an electricity utility owned by the Canadian Ontario Teachers Pension Plan Board (OTPPB) and Alberta Investment Management Corporation (AIMCo), has acquired Tolchén Transmisión—a subsidiary of Spanish Group Acciona—for about USD36 million.

Celeo acquires power assets of Chilean Colbún at EUR1.1 million 

March 31, 2021
Celeo Redes, a joint venture (JV) between Spanish Elecnor (51 per cent) and Dutch pension fund manager APG Asset Management (49 per cent), has acquired Colbún's electricity grid business in Chile for about EUR1.104 million.

Asia Pacific

Pakistan’s NTDC secures PKR6.4 billion for clean energy transmission project 

July 20, 2021
Pakistan’s state-owned high voltage network developer, National Transmission and Despatch Company Limited (NTDC), has secured a PKR6.4 billion financing facility for building a transmission corridor to evacuate 1,224 MW of renewable energy generated by wind power plants located at Gharo–Jhimpir wind corridor.

Japan’s Chubu University signs MoU with Italian ASG to develop DC superconducting cables 

July 7, 2021
Japan’s Chubu University and Italy’s ASG Superconductors SpA have signed a Memorandum of Understanding (MoU) to facilitate the development of superconducting cable technology for direct current (DC) power transmission over long distances.

Uzbekistan obtains World Bank support for green energy project 

June 30, 2021
The World Bank’s Board of Executive Directors has recently approved Uzbekistan’s “Electricity Sector Transformation and Resilient Transmission Project”.

Indian Sterlite Power obtains funding for 400 kV Udupi–Kasargode project 

June 16, 2021
Indian private transmission network developer, Sterlite Power Transmission Limited (SPTL), has received a debt funding of INR5.8 billion from Rural Electrification Corporation Limited (REC), for Udupi Kasargode Transmission Limited (UKTL)—a special purpose vehicle (SPV) set up for the implementation of the 400 kV Udupi–Kasargode project.

Europe

EU funds GE's 245 kV g-cubed circuit-breaker to accelerate grid decarbonisation 

July 20, 2021
GE Renewable Energy's Grid Solutions business has been awarded EUR2.5 million through the European Commission's (EC) LIFE climate action programme, to help fund the development of a sulphur hexafluoride (SF6)1-free, 245 kV g³ live tank circuit breaker.

NIB extends loan to unlock renewable energy and strengthen Icelandic grid 

June 14, 2021
The Nordic Investment Bank (NIB) has signed a 10-year loan deal with Iceland’s transmission system operator (TSO) Landsnet to increase transmission capacity, stability and reliability of the system by unlocking renewable power.

German TSO TransnetBW establishes JV with Porsche subsidiary MHP 

June 1, 2021
Porsche subsidiary MHP and Germany-based electricity transmission system operator (TSO) TransnetBW, a 100-per-cent subsidiary of the energy supplier EnBW, are set to work more closely together in future, to advise other companies on energy and mobility issues.

Serbia's EMS to get EUR12.8 million EU grant for 400 kV line 

May 9, 2021
Serbian power system operator Elektromreza Srbije (EMS) has signed an agreement with the energy ministry to receive a EUR12.8 million European Union (EU) grant for the construction of the 400 kV Obrenovac¬¬–Bajina Basta power transmission line.

Middle East & Africa

AfDB grants USD6 million for works on 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.

Indian Exim Bank lends USD35 million for executing 225 kV project in Senegal 

July 12, 2021
The Export-Import Bank (EXIM Bank) of India has extended a loan of USD35.26 million for executing a 225 kV transmission line project in Senegal, which is being executed by Indian engineering, procurement and construction (EPC) major Kalpataru Power Transmission Limited (KPTL).

Japanese JBIC signs loan agreement with Saudi’s SEC for T&D projects 

July 8, 2021
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement worth USD500 million with Saudi Electricity Company (SEC), of which JBIC's portion is USD250 million.

AfDB grants USD83.6 million to support second Ethiopia–Djibouti link 

July 8, 2021
The African Development Bank (AfDB) has approved a grant worth USD83.6 million for supporting the implementation of the 230 kV Ethiopia–Djibouti Second Power Interconnection project.