Posted on: 13/06/2017
EDF snaps up Imtech
French utility giant EDF has bought engineering services firm Imtech from private equity firm Endless.
Imtech turns over £400 million a year and has 2,100 staff. Imtech works for construction, industrial, commercial and public sector clients in the UK and Ireland.
Completion of the deal is subject to merger control clearance from the European Commission.
EDF already provides energy services in France through its Dalkia subsidiary.
Solar portfolio acquired
John Laing Environmental Assets Group has bought the CSGH Solar Portfolio for £12.2 million.
It includes four solar parks that together generate 33.5MW.
The Higher Tregarne solar farm in Cornwall has been operating since March 2014 and has a generation capacity of 5MW, while the other three sites – Crug Mawr, Golden Hill and Shoals Hook – are all located in South Wales and have been operating since March 2015.
Good Energy in fundraising move
Power provider Good Energy has raised £10 million by issuing bonds.
The company said it would use the cash to help recruit more customers.
Juliet Davenport, founder and chief executive, said: “Good Energy has a long history of customer ownership and we are thrilled at the success of this latest offer which demonstrates the continued significant support Good Energy enjoys from its customers and investors.”
Renault enters UK storage sector
French carmaker Renault has unveiled a deal with Powervault to turn used electric car batteries into domestic energy storage systems.
Fifty M&S Energy customers will use the batteries as part of a trial.
Joe Warren, Managing Director of Powervault, said: “The collaboration with these two household name brands – Renault and M&S – is an important milestone on our journey towards achieving mainstream adoption of home energy storage.
“It’s only a matter of time before a Powervault becomes as common in households as a dishwasher.”
Floating offshore wind costs set to fall
A report by industry body WindEurope has hailed floating wind turbines as “a viable technology ready to be rolled out on an industrial scale”.
The study predicts cost reductions of 10% by 2020 and 25% by 2030.
The organisation thinks floating wind farms could help developers harness the 80% of Europe’s wind that lies above waters that are 60 metres deep.