Weekly renewables M&A round-up (Apr 25-29)

Renewables Now covered M&A stories about Eni, TotalEnergies, KKR, Shell and others in the past week. Below is the full list:

-- Eni subsidiary to invest in floating wind tech developer

Italian oil and gas company Eni SpA (BIT:ENI) said its unit Plenitude will invest in the developer of the W2Power floating wind technology -- Spanish firm EnerOcean SL.

Read more: https://renewablesnow.com/news/eni-subsidiary-to-invest-in-floating-wind-tech-developer-781994/

-- Global corp funding for battery storage jumps to USD 12.9bn in Q1

The global battery storage sector raised USD 12.9 billion in corporate funding in the first quarter of 2022, marking a 174% year-on-year increase, according to a new report by Mercom Capital Group.

Read more: https://renewablesnow.com/news/global-corp-funding-for-battery-storage-jumps-to-usd-129bn-in-q1-781998/

-- Israel's Econergy to take stake in 460-MW solar portfolio in Greece

Israel’s Econergy Renewable Energy Ltd (TLV:ECNR) said it has struck an agreement with Greek peer Terna Energy (ATH:TENERGY) to develop and build a 460-MW solar portfolio in Greece.

Read more: https://renewablesnow.com/news/israels-econergy-to-take-stake-in-460-mw-solar-portfolio-in-greece-782039/

-- Igneo Infrastructure to snap up 302 MW of Aussie solar from Elliot Green Power

Global investment manager Igneo Infrastructure Partners has struck a deal to buy the 302-MW Aussie solar portfolio of Elliott Green Power Australia, part of US peer Elliott Management Corporation.

Read more: https://renewablesnow.com/news/igneo-infrastructure-to-snap-up-302-mw-of-aussie-solar-from-elliot-green-power-782107/

-- Flender wraps up takeover of wind turbine gearbox maker Moventas

German mechanical drive systems producer Flender has completed the acquisition of Finnish wind turbine gearbox maker Moventas from investor N4 Partners after receiving the necessary regulatory approval.

Read more: https://renewablesnow.com/news/flender-wraps-up-takeover-of-wind-turbine-gearbox-maker-moventas-782117/

-- India's Borosil to buy solar glass maker Interfloat Group

India-based Borosil Renewables Ltd (BSE:BORORENEW) has agreed to acquire Interfloat Group, Europe’s largest manufacturer of solar glass, in a cash and stock deal that will boost its solar glass output substantially.

Read more: https://renewablesnow.com/news/indias-borosil-to-buy-solar-glass-maker-interfloat-group-782133/

-- German car parts maker Mahle invests in solar start-up Sunmaxx PVT

German automotive supplier Mahle GmbH will become a cooperation partner and a strategic investor in Dresden-based Sunmaxx PVT which specialises in photovoltaic thermal systems for power and heat generation.

Read more: https://renewablesnow.com/news/german-car-parts-maker-mahle-invests-in-solar-start-up-sunmaxx-pvt-782151/

-- Octopus Renewables buying minority stake in 270-MW wind park off UK

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) said it has struck a deal to buy a 7.75% stake in the 270-MW Lincs offshore wind farm off the English coast.

Read more: https://renewablesnow.com/news/octopus-renewables-buying-minority-stake-in-270-mw-wind-park-off-uk-782289/

-- TotalEnergies boosts US renewables footprint with 4-GW pipeline buy

French energy group TotalEnergies SE (EPA:TTE) said it is acquiring Austin, Texas-based Core Solar LLC, which has a portfolio of over 4 GW of utility-scale solar and energy storage projects at different stages of development.

Read more: https://renewablesnow.com/news/totalenergies-boosts-us-renewables-footprint-with-4-gw-pipeline-buy-782312/

-- SinglePoint closes purchase of Boston Solar, plans more deals

SinglePoint Inc (OTCQB:SING) said it has completed the acquisition of New England solar installer The Boston Solar Company LLC as the first of many planned acquisitions this year.

Read more: https://renewablesnow.com/news/singlepoint-closes-purchase-of-boston-solar-plans-more-deals-782418/

-- Origin Energy buys up to 900-MW solar development project in NSW

Australian electricity and natural gas company Origin Energy Ltd (ASX:ORG) said it has acquired a solar farm development project approved to add up to 900 MW of capacity in New South Wales.

Read more: https://renewablesnow.com/news/origin-energy-buys-up-to-900-mw-solar-development-project-in-nsw-782492/

-- KKR clinches deal for French Albioma

French renewable energy producer Albioma SA (EPA:ABIO) has agreed to be acquired by US private equity firm KKR & Co (NYSE:KKR) in an all-cash deal valued at about EUR 1.64 billion.

Read more: https://renewablesnow.com/news/update-kkr-clinches-deal-for-french-albioma-782502/

-- MET Group buys 263 MWp of solar projects in Italy, Spain

Switzerland-based energy company MET Group has arrived in the Italian and Spanish renewables markets after acquiring a total of 263 MWp of solar PV projects.

Read more: https://renewablesnow.com/news/met-group-buys-263-mwp-of-solar-projects-in-italy-spain-782520/

-- Sensata strikes USD-580m deal for storage and power conversion firm Dynapower

US industrial technology company Sensata Technologies (NYSE:ST) said it has inked a deal to buy Vermont-based energy storage and power conversion specialist Dynapower Company LLC to advance its electrification and clean energy strategy.

Read more: https://renewablesnow.com/news/sensata-strikes-usd-580m-deal-for-storage-and-power-conversion-firm-dynapower-782572/

-- Edify sells controlling stake in 150 MW/300 MWh of Aussie battery projects

Infrastructure investor Federation Asset Management has agreed to buy a majority stake in 150 MW/300 MWh of co-located battery storage projects in New South Wales, Australia, as the seed asset of its Australian energy transition fund.

Read more: https://renewablesnow.com/news/edify-sells-controlling-stake-in-150-mw300-mwh-of-aussie-battery-projects-782737/

-- Sumitomo to raise stake in Indonesia's 225-MW geothermal project

Japanese trader Sumitomo Corp (TYO:8053) said it has entered into an agreement to increase its shareholding in the Muara Laboh geothermal power project in Indonesia to 50% by acquiring 15% of the share capital held by France's Engie SA (EPA:ENGI).

Read more: https://renewablesnow.com/news/sumitomo-to-raise-stake-in-indonesias-225-mw-geothermal-project-782751/

-- EDPR completes 149-MW wind portfolio sale to Mirova in Poland

Renewable energy giant EDP Renovaveis SA (ELI:EDPR) has finalised the divestment of a 149-MW Polish wind portfolio to Mirova, the sustainable investment unit of France's Natixis Asset Management.

Read more: https://renewablesnow.com/news/edpr-completes-149-mw-wind-portfolio-sale-to-mirova-in-poland-782778/

-- Shell to buy India’s Sprng Energy for USD 1.55bn

Royal Dutch Shell Plc (AMS:RDSA) has agreed to acquire the Indian renewable energy platform Sprng Energy of UK buyout firm Actis for USD 1.55 billion, the parties announced.

Read more: https://renewablesnow.com/news/shell-to-buy-indias-sprng-energy-for-usd-155bn-782853/

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