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GetLink results Q1 2024

Davidson Kempner and Fortress take control of Bourbon to relaunch growth
Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.
Armada joins Genesis programme to deploy sovereign compute power in the United States
US-based Armada has signed a memorandum of understanding with the Department of Energy to participate in the Genesis Mission, aimed at accelerating scientific research and reinforcing national energy and technology sovereignty.

SECI partners with Global Energy Alliance to accelerate India’s grid modernisation

Solar Energy Corporation of India signed a strategic agreement with Global Energy Alliance to strengthen grid resilience and support the expansion of storage and smart management technologies.
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Future Fund Oman engage $1.2bn pour accélérer 141 projets énergétiques et industriels
Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.
Equinor contests €60mn fine imposed for maintenance failure
The Norwegian energy group rejects the sanction imposed for illegal gas discharges at Mongstad, citing disagreement over maintenance obligations and the alleged financial benefit.

Alpine Power Systems acquires Chicago Industrial Battery to strengthen PowerMAX offering

Alpine Power Systems announces the acquisition of Chicago Industrial Battery to expand its regional presence and support the growth of its PowerMAX line of used and rental batteries and chargers.
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HASI and KKR inject additional $1bn into joint venture for sustainable infrastructure
HASI and KKR strengthen their strategic partnership with an additional $1bn allocation to CarbonCount Holdings 1, bringing the vehicle’s total investment capacity to nearly $5bn.
EDF could sell Edison and its US renewables assets
EDF is considering selling some of its subsidiaries, including Edison and its renewables activities in the United States, to strengthen its financial capacity as a €5bn ($5.43bn) savings plan is underway.

Qair secures inaugural €240 million syndicated loan with ten international banks

French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
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Xcel Energy launches $345mn bond buyback offer for its subsidiary NSPM
Xcel Energy initiates three public tender offers totalling $345mn on mortgage bonds issued by Northern States Power Company to optimise its long-term debt structure.
Umoyilanga hybrid project reaches major milestone with Dassiesridge plant commissioning
EDF power solutions' Umoyilanga energy project has entered provisional operation with the Dassiesridge wind plant, marking a key milestone in delivering dispatchable electricity to South Africa’s national grid.

JSW Energy targets $1.19bn capital raise to support its investment cycle through 2030

Indian group JSW Energy launches a combined promoter injection and institutional raise totalling $1.19bn, while appointing a new Chief Financial Officer to support its expansion plan through 2030.
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Sembcorp acquires Alinta Energy for AU$6.5bn to enter Australian power market
Singapore’s Sembcorp Industries has entered the Australian energy market with the acquisition of Alinta Energy in a deal valued at AU$6.5bn ($4.3bn), including debt.
Potentia Energy secures $553mn financing to support its Australian portfolio
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.

Drax to invest up to £2bn to transform coal power station into data centre

Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.
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EDF installs 180-tonne synchronous compensator in Guadeloupe to secure power grid
EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
NGE and AREC launch an energy network to shape Magna Porta
NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.

GEODIS and EDF sign deal to decarbonise global logistics chain

GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.
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ExxonMobil cuts $10 billion from its low-carbon plans by 2030
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells 49% of its Pilbara power network to GIP for $2 billion
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
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Pivot Energy secures $225mn to develop 60 new community solar projects
Niger signs strategic deal with Russia to revive uranium mining
Equinor contests €60mn fine imposed for maintenance failure
Drone strike cuts electricity in Khartoum and Port Sudan, two rescuers killed
Microsoft signs two new wind power purchase agreements with Iberdrola
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.

Paratus receives $38mn payment in Mexico through government fund

Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
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CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
Mercuria raises $2.3bn to strengthen its energy presence in Asia
Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.

Major US companies increase their presence at COP30 despite Washington

Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
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Tanmiah launches geothermal poultry site and signs three strategic energy agreements
Tanmiah Food Company signed three memorandums of understanding to reduce its emissions and launched the region’s first poultry facility cooled by geothermal energy, in alignment with Saudi Arabia’s industrial ambitions.
Subsea7 reports 27% increase in adjusted EBITDA in third quarter
Subsea7 posted higher operating profit and a record order backlog, supported by long-term contracts in the Subsea and Renewables segments.

Adnoc strengthens ties with China through new energy deals in Shanghai

Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
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Cenovus raises $2.6bn in bonds and announces debt buyback
Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.

Enerfip acquires Lumo and exceeds 50% market share in France

Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
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Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.

Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center

The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
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Shell extends exchange premium after collecting $6.2bn in notes
Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.

ReGen III secures $3.975mn in sub-agreements under debenture exchange

ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.
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Enkraft increases pressure on ABO Energy amid contested sale process
Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
CNPC launches power subsidiary to accelerate its energy strategy
China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.