RENEWABLE ENERGY TECHNOLOGIES MARKET ANALYSIS
Key Developments:
Key companies operating in the renewable energy technologies market are undertaking various strategic alliances such as collaboration deals and plant capacity expansions to survive in the competitive business environment and expand their business presence across the globe.
In May 2018, ReNew Power, Indian renewable energy project developer has acquired 100% stake in Indian Energy Limited (IEL) for value of US$ 5.545 million.
Additionally, in April 2018, ReNew announced the acquisition of Ostro Energy Private Limited, independent power producer and wholly own subsidiary of Infrastructure India Plc (IIP Group). This transaction was one of the largest renewable energy acquisition deals in India and increased the operational wind power generation capacity of ReNew Power to 1,800 MW.
In July 2019, National Grid completes the acquisition of North America-based leading energy developer, Geronimo Energy for US$ 100 million. Geronimo Energy was founded in 2004 and has developed over 2,200 megawatts of solar and wind energy projects which are currently under construction or are operational.
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