merger

A Massachusetts-based solar energy firm is merging with the community solar arm of a renewable energy group to create one of the country’s largest pure-play community solar companies. Perch Energy, based in Boston, and Arcadia on March 11 said they are joining to manage more than 3 GW of solar power capacity developed by more than 90 groups across 16 states.

Avangrid, the U.S.-based unit of Spanish energy giant Iberdrola, said it has terminated its planned acquisition of New Mexico utility PNM Resources after failing to receive final approval for the $8.3 billion deal from state regulators. Avangrid officials in a statement on Jan. 2 said the group needed to receive approval for the deal from […]

Atlanta, GA, March 28, 2022 – OneCharge Inc., a leading provider of lithium motive batteries for the material handling industry, and Combilift USA, an innovative global manufacturer of material handling equipment announced today that the companies have entered into a strategic partnership. OneCharge is pleased to announce another major supply partnership. OneCharge is supplying Combilift […]

ERLANGEN, Germany & ZURICH, Switzerland – February 2, 2022 – Fluence (NASDAQ: FLNC), a global market leader in energy storage products and services, and digital applications for renewables and storage, and Pexapark, an award-winning provider of software and advisory services for renewable energy sales and risk management, announced today they have entered into a long-term strategic partnership. The […]

Washington, DC and Albany, NY, July 13, 2021 – The Interstate Renewable Energy Council (IREC) today announced that it has merged with The Solar Foundation, welcoming The Solar Foundation’s staff and programs into a single, expanded nonprofit dedicated to the rapid adoption of clean energy. IREC and The Solar Foundation announced their intention to merge […]

Two German energy heavyweights have completed an asset swap that will have a major impact on the global market for renewable energy. RWE and E.ON on July 1 closed a deal that had been months in the making, with RWE taking on the assets of Innogy, an E.ON subsidiary (and former RWE company), to make […]

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

A German business magazine reports that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi Heavy Industries (MHI). Manager Magazin on March 21 said Siemens “wants to accommodate the large turbine business of the Japanese Mitsubishi Group and in the future hold only a […]

Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]

TORONTO and SPOKANE, Wash., June 12, 2018 (GLOBE NEWSWIRE) — Hydro One Limited (“Hydro One”) (TSX:H) and Avista Corporation (“Avista”) (NYSE:AVA) today announced that the Montana Public Service Commission (“the Commission”) has voted to approve the proposed merger, with conditions. “Hydro One is very pleased that the Montana Public Service Commission has voted favourably on […]