Avarga Limited has acquired 2,397,200 shares of Taiga Building Products for CAD 10.07 million, increasing its ownership stake to 74.2%. Africa-based DPI has acquired Nclude to expand its venture capital investments in the region. True Green Capital Management LLC purchased 64MW DC of operating solar assets from Ecofin US Renewables. USEDC acquired a $390 million asset, expanding its Permian Basin footprint by 20,000 net acres and increased its credit facility from $165 million to $300 million. The private credit arm of IncFred, backed by KKR, plans to raise $174 million in funding. BW LPG Limited repurchased 316,437 shares at an average price of $8.63 per share under a program allowing up to 3 million shares or $20 million. BW LPG reported a $33 million realized gain in Product Services but a net loss of $5 million after unrealized hedge losses and general expenses. SPIE confirmed the acquisition of LTEC Group in Poland to strengthen its energy and communications sector presence. Shanghai Electric reported strong 2024 financial results with revenue of RMB 116.19 billion, alongside growth in gross margin, order volume, and cash flow. Comstock Metals partnered with RWE Clean Energy to scale zero-landfill solar panel recycling, having processed over 4 million pounds. ES Foundry secured a 150MW supply deal with a solar developer to boost US production. Kingswood Capital and Performance Investment Partners agreed to acquire The Vitamin Shoppe from Franchise Group, Inc. Mercom Capital Group reported $4.8 billion in solar sector corporate funding for Q1 2025, down 41% year-over-year but up 20% quarter-over-quarter. Siemens Energy substantially raised its revenue and net income outlook for the fiscal year, driven by demand for gas turbines, gas services, and electricity products, with an expected profit of €1 billion amid booming electricity demand.
Siemens Energy expects €1bn profit amid booming electricity demand https://t.co/EtxsprBv13
SIEMENS ENERGY EXPECTS €1B PROFIT AMID BOOMING ELECTRICITY DEMAND – FT
Der Elektrotechnikkonzern Siemens Energy verzeichnet ein starkes zweites Quartal und hebt die Jahresprognose deutlich an. Auch eine ehemalige Problemtochter des Konzerns steigert ihren Umsatz im zweiten Quartal. https://t.co/38cj96yJxF