The latest renewable energy news includes announcements on Capital Dynamics, R.Power, Gulf Development, and others.
Capital Dynamics Acquires 249 MW Agrivoltaic Portfolio in Sicily, Expands Italian Renewable Investments
Capital Dynamics has acquired two authorised agrivoltaic projects in Sicily with combined capacity of approximately 249 MWp. The transaction was announced October 28 and received additional confirmation from transaction advisers on October 30. Both projects are ready for construction and qualify for support under Italy’s FER X Transitorio renewable-energy incentive mechanism. The acquisition increases Capital Dynamics’ Italian clean-energy investment portfolio to more than 900 MW. The projects were purchased from an international renewable-energy investor whose identity was not disclosed. Agrivoltaic development allows agricultural activities to continue alongside photovoltaic generation. The transaction value, individual project capacities, construction contractors and commissioning dates were not disclosed.
R.Power Completes Sale of 49.9 Percent Stake in 63 MW Solar and 43 MW Battery Projects
Polish renewable-energy developer R.Power has completed the sale of a 49.9 percent minority stake in a project company holding rights to a 63 MWp photovoltaic plant and a 43 MW battery storage project. The final agreement was signed October 30 and disclosed November 2. The transaction follows a previously announced preliminary sale agreement. R.Power said the consideration was negotiated on market terms and does not exceed 10 percent of its equity. The company is diversifying its financing arrangements to support additional renewable-energy developments. The buyer’s identity, transaction value, battery storage duration and commissioning schedules were not disclosed. The announcement confirms completion of the ownership transaction rather than construction or commissioning.
Gulf Development Acquires 50 Percent Stake in 90 MW Solar Portfolio in Thailand for THB 107.6 Million
Gulf Development has acquired a 50 percent equity stake in Ubon Wealth 1 for approximately THB 107.6 million, expanding its renewable-energy portfolio in Thailand. Announced October 29, the acquisition covers two solar projects with combined contracted capacity of 90 MW. The portfolio includes the 40 MW Ban Khi Lek 1 and 50 MW Nok Ten 1 solar farms. Both projects have signed 25-year electricity purchase agreements with the Electricity Generating Authority of Thailand at THB 2.1579 per kWh. Commercial operation is scheduled for 2029. Gulf’s attributable capacity is 45 MW. The company aims to increase renewable energy to at least 40 percent of its portfolio by 2035.
