#sale

A sale of the assets for as much as €25 billion has been close to completion several times but encountered German budget difficulties.

The sale of Trench from Siemens Energy to Triton has been successfully completed.

Pending further developments, TenneT and the Dutch state have made arrangements regarding a shareholder loan facility of €25 billion.

USA, Kentucky: American Electric Power (AEP) has announced that it has called off the sale of its Kentucky Power and AEP Kentucky Transco to Liberty.

USA: The US-based power generation company American Electric Power (AEP) is to sell its 1.365 GW portfolio of renewable assets to IRG Acquisition Holdings.

Switzerland, Zurich: ABB has completed the previously announced divestment to Hitachi, Ltd. (Hitachi) of its remaining 19.9 % equity stake in the Hitachi Energy joint venture.

SSE has announced the sale of a 25 % stake in its power transmission business to Canada’s Ontario Teachers’ Pension Plan Board for $1.78 B (£1.47 B).

USA, New York: RWE AG has agreed to pay about $6.8 B for the renewable energy portfolio of Consolidated Edison Inc.

Portugal, Lisbon: The Government of Portugal made a pre-notification to Brussels of  deal for the sale of Efacec to DST Group about two months ago.

USA: American Electric Power this year will launch a process to sell some or all of the company’s unregulated contracted wind and solar energy assets.

On-site power generation equipment manufacturer Pioneer Power Solutions has completed the sale of Pioneer Critical Power to microgrid company CleanSpark

ABB is divesting its Power Grids business to Japan’s Hitachi, which will expand existing partnership between the two companies and provide Power Grids with enhanced access to markets and financing, the company said in a press release.

Italy, Milan: Italian utility Enel SpA has decided to halt further acquisitions in Brazil for the time being as it prepares to complete asset sales of up to $1.8 billion in the second half of the year, reports Reuters.

United Kingdom: The British media have reported that Liberty House has emerged as a frontrunner to acquire Tata Steel’s up for sale businesses in the UK, having tabled substantial cash offers for Tata’s speciality steels and tube pipe businesses.

While Swedish media recently reported on the activist shareholder Cevian wanting to break up ABB’s Power Grids business and sell it in parts to strategic buyers, in today’s (4 October) update of strategic review, ABB leadership has revealed it will continue the transformation of Power Grids under ABB ownership.

India, Kerala: While announcing its fourth quarter results last week, Crompton Greaves announced that it would sell the foreign power business, including foreign transformer business.