m&a

Energy storage firm redT has secured a £1.9 million interim loan from proposed merger partner Avalon to keep it going until a potential deal concludes.

Energy storage investment fund Gresham House has unveiled a new share placing, the proceeds of which will allow it to “grow materially” in the UK energy storage market.

Battery storage fund Gresham House has acquired a stake in frequent development partner Noriker Power in a bid to “further consolidate” its position in the UK battery market.

UK energy firm The Maximeyes Group has taken a “significant stake” in battery storage technology firm Puredrive Energy.

Solarcentury has reported “record financial results” for the year ended 31 March 2019 as it casts its eye towards a 5GW, global solar pipeline.

Denbighshire-based renewables installer Carbon Zero Renewables has been put up for sale by its managing director Gareth Jones.

RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.

With the news that Solarcentury is eyeing up a potential £250 million sale, Liam Stoker looks at the M&A momentum in the solar sector and why British developers score highly on energy company wish lists.

Solarcentury, one of the UK’s longest running and most prolific solar developers, could be sold in the coming months, reports today have claimed.

Retig, the parent company of solar installer The Pheonix Works, has sealed a multi-million-pound capital investment to power its renewables ambitions in the UK.