EDF Group related stories
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EnerTech's OwnEnergy acquired by EDF Renewable EnergyEDF Renewable Energy has bought OwnEnergy Inc, a wind energy developer headquartered in Brooklyn, New York. The financial details of the transaction were not disclosed. EDF, a U.S. independent power producer, said the deal will provide it with talent and resources to help expand development opportunities. Founded in 2005, OwnEnergy has grown a pipeline of 29 locally-supported wind farm partnerships across the United States. It has been backed by several venture capital firms and other investors. They include EnerTech Capital, an energy and power-focused investor with offices in Toronto, Calgary, Montréal, Philadelphia and Menlo Park.
Organica Water takes in $9.1 mln Series COrganica Water, a provider of wastewater treatment and recycling solutions, has closed $9.1 million in Series C funding. XPV Capital Corporation led the round with participation from other investors that included Idinvest Partners, International Finance Corporation and Gamma Capital Partners. In addition to the funding, Khalil Malouf, managing director of XPV and Julien Mialaret, investment director of Idinvest, have been added to Organica's board of directors.
XPV Capital leads $9.1 mln Series C funding of Organica WaterOrganica Water Inc, a provider of innovative solutions for wastewater treatment and recycling, has secured US$9.1 million in Series C financing, with a second tranche to follow. The round was led by Canadian growth equity firm XPV Capital Corp and was joined by Idinvest Partners, International Finance Corp and Gamma Capital Partners. Organica, which is based in Princeton, New Jersey, said the latest investment will allow the company to strengthen its balance sheet, undertake the delivery of wastewater solutions to larger and more complex projects, and invest in an online platform. As part of the deal, XPV Managing Director Khalil Malouf will join Organica's board of directors.
AIMCo, Allianz, EDF and Hastings close Porterbrook acquisitionAn investor group made up of Alberta Investment Management Corp (AIMCo), Allianz Capital Partners, EDF Invest and Hastings Funds Management has closed its previously announced buy of Porterbrook Rail Finance Ltd, a rolling stock leasing company based in the United Kingdom. The financial terms of the deal were not disclosed. Update: Based in Edmonton, Alberta, AIMCo manages an investment portfolio totaling $80 billion.
- Investor group completes Porterbrook acquisition
AIMCo, Allianz Capital Partners, EDF Invest and Hastings have closed its buy of Porterbrook, a UK-based rolling stock leasing company. No financial terms were disclosed.
- Electranova Capital and Total Energy Ventures invest in Sunfire
Electranova Capital, a cleantech venture capital fund managed by Idinvest Partners and sponsored by EDF, has backed German company Sunfire. Total Energy Ventures is also participating in this new round. Sunfire develops high temperature fuel cells which convert gas into electricity and heat.
- Globeleq grows stake in West African power plant
The portfolio company of emerging markets private equity and infrastructure investor Actis has acquired the shareholdings of EDF Group and ABB Equity Ventures in the Azito gas-fired power plant in Abidjan, Cote d’Ivoire.
- EDF Renewable Energy Closes Financing on Catalina Solar Project
The San Diego-based power producer EDF Renewable Energy, formerly enXco, has completed financing on a think film photovoltaic project in California’s Mojave Desert. Majority interest in the project was acquired by a group of investors comprising GE Energy Financial Services, Metropolitan Life Insurance Company, Union Bank, and Citi.