Singapore fund manager SC Oscar has acquired Rānui Generation, a New Zealand solar photovoltaic PV project developer.
Four underlying development-stage solar PV power projects in New Zealand, with total capacity of around 157 Megawatt peak MWp, are included in this deal. An initial project is starting construction imminently, with two other projects close to ready to build’ status, according to a June 18 press release.
This transaction was carried out through SC Oscar’s renewable energy infrastructure fund named SC Renewable Plus Fund 1, which achieved a second close in March 2024, and is seeking to raise $300 million in total capital commitments.
The...
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