The Peck Company Holdings, a commercial solar engineering, procurement, and construction (EPC) company, announced that the merger agreement that was announced on August 10, 2020, has been terminated by Sunworks. Sunworks is a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works, and residential markets.
Esdec, a global rooftop solar mounting solutions provider, has acquired PanelClaw, a supplier of solar mounting systems for commercial roofs in the U.S. With the acquisition of PanelClaw, Esdec expands its customer base and portfolio of products available to the growing commercial and industrial (C&I) solar market. The PanelClaw acquisition is the European group’s fourth in the U.S. solar mounting market in the past three years and its first acquisition in the commercial market segment. The terms of the PanelClaw acquisition were not disclosed.
Omnes, a Paris-based investor in private equity and infrastructure, has acquired a controlling stake in the Irish solar PV developer Power Capital Renewable Energy (PCRE) through its fourth-generation renewable energy fund, Capenergie 4. PCRE will focus on developing and building its 500 MW solar PV portfolio in Ireland.
Amarenco Group, a solar power producer, announced the closing of a €150 million (~$177 million) new capital increase. Tikehau Capital, the alternative asset management and investment group contributed significantly to this capital increase, becoming a key shareholder of Amarenco Group. This new capital commitment for Amarenco combines a share capital increase and an equity line totaling €150 million (~$177 million). The capital raise was subscribed to by the co-founders themselves, by IDIA Capital Investissement and Tikehau Capital through its Energy transition fund.
BlackRock Real Assets (BlackRock) announced that it had completed the acquisition from GE Renewable Energy of the remaining 20% stake in Distributed Solar Development (DSD), a commercial and industrial (C&I) solar developer and operator in the U.S. BlackRock Real Assets now owns 100% of DSD, expanding the platform’s footprint and investment pipeline in the fastest-growing renewables sector in the country.
For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.
Read last week’s funding roundup.
Image credit: Unspalsh