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Michigan regulators approve sale of UP's largest utility


Michigan regulators approve sale of UP s largest utility
May 27, 2021
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MARQUETTE, Mich. (AP) Michigan regulators approved the sale of the Upper Peninsula s largest electric utility to another private owner.
Upper Peninsula Power Co. will join the energy portfolio of Axium Infrastructure, which has offices in New York and Canada. The Marquette-based utility serves roughly 53,000 customers in 10 Michigan counties.
Current rates will not change, and the company agreed to not seek a rate increase that would take effect before Jan. 1, 2023, unless tax rates increase, the Michigan Public Service Commission said Wednesday.
Upper Peninsula Power was part of Integrys Energy before it was acquired by Basalt Infrastructure Partners for $298 million in 2014. ....

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ClearGen, GreenStruxure announce $500M partnership on renewable microgrids


Dive Brief:
ClearGen, the Blackstone Group sustainability fund, will commit up to $500 million in partnership with GreenStruxure, a joint venture of Schneider Electric and Huck Capital, to develop renewable energy microgrid solutions for commercial and industrial customers.
GreenStruxure launched in September 2020 and offers no-money-down, modular microgrids installed on-site as part of an energy-as-a-service model. The microgrids serve a variety of users, including small- and medium-sized industrial facilities, schools, hotels and other commercial facilities. 
Through the partnership announced on Tuesday, ClearGen will provide capital and financial expertise, including navigating tax incentives and other market incentives. This allows us to operate seamlessly for the client as an integrated unit, with transparency and some trusted brand names, said Clark Wiedetz, chief sales officer for GreenStruxure. ....

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Tech and Telecoms investment bank, Axxeltrova, advised Full Fibre Limited to secure strategic investment to deliver Gigabit Fibre Broadband to more than 500,000 premises in the UK