Weekly renewables M&A round-up (Apr 24-28)

Renewables Now covered M&A stories about Macquarie, Eolus, Heliogen, Enel, PNE and others in the past week. Below is the full list:

-- Macquarie to sell bundle of UK offshore wind stakes to Equitix

Macquarie Asset Management has agreed to sell stakes in 2.4 GW of UK offshore wind farms to UK investment manager Equitix, the asset management arm of Aussie financial services giant Macquarie Group Ltd said.

Read more: https://renewablesnow.com/news/macquarie-to-sell-bundle-of-uk-offshore-wind-stakes-to-equitix-820972/

-- Eolus sells minority stake in 1-GW offshore project to Swedish port

The Gothenburg Port Authority, the operator of the largest port in Scandinavia, will buy a minority stake in the 1-GW Vastvind offshore wind project proposed by domestic renewables developer Eolus Vind AB in waters within the Swedish economic zone.

Read more: https://renewablesnow.com/news/eolus-sells-minority-stake-in-1-gw-offshore-project-to-swedish-port-821024/

-- CF Industries, NextEra tie up in 100-MW green H2 project in Oklahoma

US ammonia producer CF Industries Holdings Inc and NextEra Energy Resources LLC have signed a memorandum of understanding (MOU) to jointly work on a 100-MW green hydrogen production project in Oklahoma.

Read more: https://renewablesnow.com/news/cf-industries-nextera-tie-up-in-100-mw-green-h2-project-in-oklahoma-821028/

-- Solar specialist Heliogen turns down bid from Continuum Renewables

US artificial intelligence (AI)-enabled concentrated solar specialist Heliogen Inc has turned down a USD-78.3-million takeover bid from Continuum Renewables Inc, describing it as under-priced.

Read more: https://renewablesnow.com/news/solar-specialist-heliogen-turns-down-bid-from-continuum-renewables-821032/

-- OCI offloads 110-MW shovel-ready solar project in Texas to Mitsui

OCI Solar Power, part of South Korean energy and chemicals company OCI Co Ltd, has sold a 110-MW ready-to-build solar project in Texas to Japan’s Mitsui & Co.

Read more: https://renewablesnow.com/news/oci-offloads-110-mw-shovel-ready-solar-project-in-texas-to-mitsui-821034/

-- Encavis buys 93-MW ready-to-build solar projects in Italy

German wind and solar park operator Encavis AG unveiled the purchase of two ready-to-build solar park projects in west-central Italy with a combined capacity of 93 MW.

Read more: https://renewablesnow.com/news/encavis-buys-93-mw-ready-to-build-solar-projects-in-italy-821047/

-- PNE taps Nomura to sell US business

German wind power-focused renewables company PNE AG said it has engaged Japanese financial group Nomura to assist it in the process to divest its US business.

Read more: https://renewablesnow.com/news/pne-taps-nomura-to-sell-us-business-821080/

-- Enel's generation units in Peru to merge

Two power generation units that Italian utility group Enel SpA holds in Peru are set to merge to create a larger, more geographically and technologically diversified entity valued at some USD 2.31 billion.

Read more: https://renewablesnow.com/news/enels-generation-units-in-peru-to-merge-821100/

-- Standard Solar buys PV array for microfiltration treatment plant

US developer Standard Solar has acquired the Knox Solar + Storage project in Acton, Massachusetts, which includes 1.5 MW of solar power generating capacity and 2 MWh of battery storage, from developer EDF Renewables North America.

Read more: https://renewablesnow.com/news/standard-solar-buys-pv-array-for-microfiltration-treatment-plant-821185/

-- Greece's Mytilineos invests in 560-MW green hydrogen project in NSW

A unit of Greek industrial group Mytilineos SA has acquired a 15% stake in an Australian project that aims to produce green hydrogen with solar energy and use it in transportation.

Read more: https://renewablesnow.com/news/greeces-mytilineos-invests-in-560-mw-green-hydrogen-project-in-nsw-821190/

-- CAeS, Britten-Norman plan merger to build H2-powered aircraft

Cranfield Aerospace Solutions Ltd (CAeS), a British developer of hydrogen-electric fuel cell propulsion technology, and local aircraft manufacturer Britten-Norman intend to merge in a deal backed by London-listed clean hydrogen investment fund HydrogenOne Capital Growth PLC.

Read more: https://renewablesnow.com/news/caes-britten-norman-plan-merger-to-build-h2-powered-aircraft-821196/

-- Ohmium raises USD 250m in growth equity to expand capacity

Electrolyser systems maker Ohmium International announced the closing of a USD-250-million Series C round of growth equity financing led by the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise.

Read more: https://renewablesnow.com/news/ohmium-raises-usd-250m-in-growth-equity-to-expand-capacity-821244/

-- Brookfield backs Indian Avaada's green hydrogen biz with USD 1bn

Avaada Group has obtained USD 1.07 billion in a funding round led by the renewables arm of Canada’s Brookfield Asset Management, securing money for its green hydrogen and green ammonia ventures in India.

Read more: https://renewablesnow.com/news/brookfield-backs-indian-avaadas-green-hydrogen-biz-with-usd-1bn-821349/

-- PASH sets up 5-GW green hydrogen platform with ERIH Holdings

UK-based clean projects investor developer PASH Global has agreed to set up a joint venture (JV) with renewables investor ERIH Holdings to develop green hydrogen and ammonia production projects totalling 5 GW.

Read more: https://renewablesnow.com/news/pash-sets-up-5-gw-green-hydrogen-platform-with-erih-holdings-821351/

-- Energy Dome raises EUR 40m to commercialise CO2 Battery

Italian long-duration energy storage company Energy Dome SpA, developer of the CO2 Battery, has raised EUR 40 million in a Series B funding round led by the corporate venture capital arm of Eni SpA.

Read more: https://renewablesnow.com/news/energy-dome-raises-eur-40m-to-commercialise-co2-battery-821366/

-- Downing Renewables buys 13-MWp solar PV portfolio in UK

London-based Downing Renewables and Infrastructure Trust Plc has bought a portfolio of two operational solar photovoltaic (PV) assets with a combined capacity of 13 MWp in the UK.

Read more: https://renewablesnow.com/news/downing-renewables-buys-13-mwp-solar-pv-portfolio-in-uk-821410/

-- Lenzing buys 43-MW biomass power plant to green lyocell production

Austrian wood-based specialty fibre maker Lenzing AG has struck a deal to buy a 43-MW biomass power plant to power its lyocell fibre production site in Heiligenkreuz, Burgenland province.

Read more: https://renewablesnow.com/news/lenzing-buys-43-mw-biomass-power-plant-to-green-lyocell-production-821416/

-- Enel seen to close Greek unit stake sale in May - report

Italian energy major Enel SpA is expected to close the 50% stake sale in its Greek renewable energy subsidiary to a unit of Australia’s Macquarie Group in May, sources in the know have told Reuters.

Read more: https://renewablesnow.com/news/enel-seen-to-close-greek-unit-stake-sale-in-may-report-821525/

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