Solar stake sale, AES takeover approval, and Australian project acquisition top renewables roundup
Vena Energy agreed to sell 49% of its 500 MWp Ixus Bugallon solar project in the Philippines to Norfund and Impact Fund Denmark for $72 million in equity. The European Commission cleared a $33.4 billion acquisition of AES Corporation by a consortium led by Global Infrastructure Partners and EQT. Atmos Renewables completed the purchase of about 926 MW of operating and development-stage solar and wind projects from BayWa r.e., including the 106 MWp Yatpool Solar Farm in Victoria.
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Vena Energy will keep a controlling stake and continue operating the 500 MWp Ixus Bugallon solar farm after Norfund and Impact Fund Denmark take 49% for $72 million. The Philippine project, backed by about $310 million in senior debt from eight global lenders, won support under the country’s second Green Energy Auction Program and is projected to serve roughly 650,000 households while cutting about 570,000 tonnes of CO2 yearly. The sale awaits competition authority approval.
Atmos Renewables has finished buying about 926 MW of Australian solar and wind assets from BayWa r.e., adding the 106 MWp Yatpool plant, the 20 MWp Hughenden facility and the planned 800 MW Bullawah wind farm with 141 turbines and 359 MW of batteries. Its operating fleet now spans 19 assets, with over 2 GW operating or under construction. The European Commission cleared GIP- and EQT-led investors’ $33.4 billion purchase of AES, valuing equity near $10.7 billion.
Count? First paragraph: Vena(1) Energy2 will3 keep4 a5 controlling6 stake7 and8 continue9 operating10 the11 50012 MWp13 Ixus14 Bugallon15 solar16 farm17 after18 Norfund19 and20 Impact21 Fund22 Denmark23 take24 49%25 for26 $7227 million28. The29 Philippine30 project31, backed32 by33 about34 $31035 million36 in37 senior38 debt39 from40 eight41 global42 lenders43, won44 support45 under46 the47 country’s48 second49 Green50 Energy51 Auction52 Program53 and54 is55 projected56 to57 serve58 roughly59 650,00060 households61 while62 cutting63 ab