wiredInUSA November 2020

Cable producer changes hands

Renewable partnership

Enlight Renewable Energy, of Israel, has acquired a 61% stake in a 372MW wind project in Sweden and is also taking a 20% interest in the Prime Green Energy Infrastructure Fund (PGEIF). Enlight and PGEIF together bought the Bjornberget wind project in central Sweden from developer RES. The Israeli renewables company’s stake in the project is 61%, but it may be reduced to 55% if new investors join the fund. The new owners will spend around $513.7 million to develop the wind farm, with construction starting immediately. Enlight and PGEIF have also agreed to operate as strategic development partners to pursue other renewable energy projects in the Nordic region. As its newest investor, Enlight is putting $59 million into the fund. The Bjornberget wind farm is scheduled to go into operation in early 2023, generating an annual 1.1TWh.

GG Group (Gebauer & Griller) is to sell its elevator division, Geba Cables, to Lafayette Mittelstand Capital. The elevator division consists of a sales unit in Vienna and two production sites in Veľké Leváre, Slovakia, and Bangalore, India. Geba Cables range includes standard flat cables and customer-specific cables, such as those with integrated data elements or cable systems with embedded optical fibers. Geba Cables offers custom wiring harnesses for each elevator type. Geba’s elevator cable products are used to connect elevator cabins with elevator control units for the transmission of electricity as well as data (including infotainment and video signals). Core products are complemented by products for the elevator control unit, elevator shaft wiring, engine room, elevator door wiring, and lighting-related cable systems.

wiredInUSA November 2020

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