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UK startup Octopus Energy targets 50 million customers globally by 2027

Octopus Energy plans its customer expansion by bringing supply and generation into a single end-to-end business in a £3.4 billion (US$4.7 billion) deal.

National Grid signals exit from gas

National Grid is to strengthen its position in Britain’s electricity market and exit gas in the £7.8 billion (US$10.9 billion) deal.

Shell to acquire on-street electric vehicle charging provider ubitricity

Shell is growing its presence in the electric vehicle (EV) market with the acquisition of the European charging infrastructure provider ubitricity.

Iberdrola expands distribution footprint in Brazil

Iberdrola group Brazil energy company Neoenergia has won the Brasilia electricity distributor CEB Distribuição in an international auction.

China State Grid further inroads into Chile’s electricity distribution sector

China’s State Grid International Development is to acquire Naturgy’s Chile subsidiary Compañía General de Electricidad (CGE).
IKEA renewable energy

IKEA owner acquires US solar parks to boost renewables transition

The Netherlands-based owners of multinational retailer IKEA, the Ingka Group, has acquired a 49% share in two US solar photovoltaic (PV) projects with a combined capacity of 403MW, bolstering the company’s transition to renewable energy.
Mahindra solar

CLP boosts India solar presence with $47 million Mahindra renewables hattrick

Indian industrial giant Mahindra, and its group entity MRPL have announced the $47 million sale of 3 of its solar power subsidiaries to China Light & Power-owned CLP India Private Limited.
OVO energy

£500 million OVO acquisition of SSE Energy given green light

The UK's Competition and Market Authority has approved the acquisition of SSE Energy Services by OVO Energy.

ENGIE expands renewables portfolio in France and Italy

ENGIE has acquired clean energy infrastructure firm Renvico as part of efforts to expand its portfolio of renewable energy resources.

Japanese consortium beats Shell on home ground in Eneco acquisition

A Japanese consortium led by Mitsubishi beat out Shell amongst other bidders, to secure the purchase of Dutch energy company Eneco.