Latest news with #solarparks
Reuters
31-07-2025
- Business
- Reuters
Spain's Cox buys Iberdrola's Mexican assets in $4.2 billion deal
MADRID, July 31 (Reuters) - Spanish water and renewable energy company Cox ( opens new tab has agreed to buy Iberdrola's ( opens new tab assets in Mexico in a deal valuing the business at $4.2 billion, Iberdrola said on Thursday. Iberdrola controls six wind parks and three solar parks in Mexico, according to its website, as well as other power plants including gas and cogeneration.
Yahoo
22-07-2025
- Business
- Yahoo
DOMINION finalises $375m solar parks sale in Dominican Republic
DOMINION has completed the sale of six solar parks with a combined capacity of 321 megawatts peak (MWp) in the Dominican Republic for more than $375m. The agreement, finalised with funds managed by Pioneer Funds and JMMB Funds, and advised by GP Capital Partners, strengthens the company's strategy to develop sustainable energy infrastructure while maintaining a minority ownership stake. The assets sold by the company are secured by long-term power purchase agreements (PPAs). The transaction is expected to yield a cash inflow of $102m, with $82m anticipated to be received in 2025. DOMINION's divestment aligns with its vision to establish itself as a turnkey project facilitator for independent power producers (IPPs). As part of the deal, the company has divested 80% of its stake in the solar parks while retaining the remaining 20% until 2027. This arrangement is aimed at strengthening its partnership with the new investors and ensure ongoing contributions to future project development in the country. The sale represents a key milestone in the company's strategy for portfolio simplification and asset optimisation, enabling it to redirect resources toward new opportunities in environmental services, decarbonisation and the circular economy. The transaction also strengthens DOMINION's commitment to the energy transition worldwide, facilitating the growth of renewable energy through collaborative frameworks. With operations spanning more than 35 countries and employing 10,000 professionals, DOMINION supports sustainability through solutions that integrate technology, engineering expertise and environmental ethos. The company provides 360 projects and sustainable services and contributes to the energy, industrial and digital transitions. "DOMINION finalises $375m solar parks sale in Dominican Republic" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Wall Street Journal
10-06-2025
- Business
- Wall Street Journal
IKEA Store Owner Ingka Group Buys Dutch Solar Farms
STOCKHOLM–Ingka Group, which owns most IKEA stores globally, bought a portfolio of solar parks in the Netherlands from Swiss-based infrastructure investment manager Susi Partners. The acquisition was made by the company's Ingka Investments investment arm and adds three solar parks with a capacity of 76.3 megawatts to its portfolio of renewable assets. Together, the solar parks generate enough energy for more than 24,000 Dutch households.
Bloomberg
26-05-2025
- Business
- Bloomberg
European Solar Profits Tumble to Record Low on Long Sunny Spring
Profits at Europe's solar parks have sunk to record lows, raising concerns that the more the industry expands, the farther prices will fall. The figures are most stark in Spain, where the so-called capture rate, a key measure of profitability for renewable energy assets, has averaged just 7% so far this month, according to data from London Stock Exchange Group Plc. That's down from 43% a year ago.
