Weekly renewables M&A round-up (Sep 9-13)
Sep 13, 2024 17:19 CESTRoyal Dutch Shell (AMS:RDSA) is mulling over a bid for Dutch power utility Eneco, which has over 1,900 MW of sustainable energy assets in its portfolio, the Telegraaf reported on Friday.
The Anglo-Dutch oil and gas major has hired an unnamed US-based merchant bank to assist in the potential bidding process for Eneco, sources from the banking industry familiar with the matter told the newspaper. The sale of Eneco, which is owned by 53 municipalities, could be worth EUR 3 billion (USD 3.6bn), but local authority shareholders and the company’s board are having a dispute on the possible sale, the newspaper writes.
Meanwhile, French oil giant Total SA (EPA:FP) has also sought for advisors this month regarding a potential bid for Eneco, according to the report. Among the other potential buyers of the Dutch utility are investment company HAL, Dutch pension fund PGGM, Japan’s Mitsubishi Corp (TYO:8058), Austrian energy group Vebund, private equity group CVC and French energy group Engie (EPA:ENGI).
Eneco's portfolio includes about 1,700 MW of available onshore and offshore wind power capacity, 142 MW of bioenergy and 76 MW of solar. Roughly 25% of its total supply comes from sustainable energy production, according to information on the company's website.
(EUR 1.0 = USD 1.220)
Weekly renewables M&A round-up (Sep 9-13)
Sep 13, 2024 17:19 CESTOCI sheds global methanol business for USD 2bn
Sep 09, 2024 18:21 CESTKibo Energy seeks to buy 20-GW renewables pipeline in Europe, Africa
Sep 16, 2024 17:21 CESTItaly's Eni seeking to sell more of Plenitude's shares - report
Sep 16, 2024 10:10 CESTNew Zealand's Contact Energy agrees USD-1.1bn takeover of Manawa
Sep 11, 2024 9:48 CESTBrookfield agrees to pour USD 1.1bn into Infinium's eFuels platform
Sep 10, 2024 15:27 CEST