Weekly renewables M&A round-up (April 15-19)

Renewables Now covered M&A stories about CIP, European Energy, EDPR, and others this week. Below is the full list:

-- Clearvise buys rights to 16.1-MWp solar project in Sardinia

German independent power producer Clearvise AG (ETR:ABO) has acquired the rights to a 16.1-MWp solar park project on the Italian island of Sardinia, aiming to launch its construction next year.

Read more: https://renewablesnow.com/news/clearvise-buys-rights-to-161-mwp-solar-project-in-sardinia-854727/

-- Vinci to partner with NatPower on wind, solar projects in US

French builder and concessionaire Vinci SA (EPA:DG) has forged a partnership with NatPower SA to jointly work on renewable energy projects in the US, mostly onshore wind and solar, along with an equity investment in the clean energy infrastructure project developer.

Read more: https://renewablesnow.com/news/vinci-to-partner-with-natpower-on-wind-solar-projects-in-us-854772/

-- UK's Hometree buying renewable installers backed by BlackRock loan

London-based Hometree is going on an acquisition spree to buy renewable energy and heat pump installers, having secured a debt facility from funds and accounts managed by BlackRock.

Read more: https://renewablesnow.com/news/uks-hometree-buying-renewable-installers-backed-by-blackrock-loan-854753/

-- CIP acquires firm with 1.3-GW onshore wind project portfolio in NY

Danish investment firm Copenhagen Infrastructure Partners P/S (CIP) said on Monday that it has acquired Liberty Renewables, a company with a portfolio containing around 1.3 GW of onshore wind projects located in New York.

Read more: https://renewablesnow.com/news/cip-acquires-firm-with-13-gw-onshore-wind-project-portfolio-in-ny-854761/

-- European Energy seals EUR-700m capital hike with Mitsubishi HC Capital

Danish renewables developer European Energy A/S has completed a capital hike directed at Japan’s Mitsubishi HC Capital Inc (TYO:8593), raising approximately EUR 700 million (USD 744.5m) to fuel its growth plans.

Read more: https://renewablesnow.com/news/european-energy-seals-eur-700m-capital-hike-with-mitsubishi-hc-capital-854897/

-- ElectriFI expands support for minigrids firm Husk Power

Solar-hybrid minigrids firm Husk Power Systems has attracted USD 4 million (EUR 3.75m) in debt financing from ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company.

Read more: https://renewablesnow.com/news/electrifi-expands-support-for-minigrids-firm-husk-power-854913/

-- Engie buys two biomethane plants in Netherlands

French electric utility Engie SA (EPA:ENGI) has unveiled the acquisition of two biomethane production facilities in the Netherlands with a combined capacity of 137 GWh, its first such assets in the country.

Read more: https://renewablesnow.com/news/engie-buys-two-biomethane-plants-in-netherlands-854983/

-- Nova Clean Energy snaps up 1-GW wind, solar portfolio in Texas

Nova Clean Energy, the North American renewables development platform of investment firm Bluestar Energy Capital, has announced the acquisition of HyFuels, a Texas Gulf Coast-based renewables project comprising 1 GW in mid-to-late-stage wind and solar developments, and an early-stage green ammonia project.

Read more: https://renewablesnow.com/news/nova-clean-energy-snaps-up-1-gw-wind-solar-portfolio-in-texas-854920/

-- Battery recycling start-up Novocycle raises USD 1.1m in seed money

Battery recycling start-up Novocycle Technologies Corp has raised USD 1.1 million (EUR 1.04m) in seed funding, it said on Tuesday.

Read more: https://renewablesnow.com/news/battery-recycling-start-up-novocycle-raises-usd-11m-in-seed-money-854946/

-- Madison expands in solar schools markets with Sun Tribe Solar takeover

US clean energy developer Madison Energy Infrastructure has acquired a solar portfolio, including commercial assets, a pipeline and a development team of its long-time partner Sun Tribe, expanding its business in the municipal and K-12 market.

Read more: https://renewablesnow.com/news/madison-expands-in-solar-schools-markets-with-sun-tribe-solar-takeover-854972/

-- Macquarie moves 17-GW green portfolio to energy and climate fund

Macquarie Asset Management, part of Australia’s Macquarie Group Ltd (ASX:MQG), has agreed for Macquarie Green Energy and Climate Opportunities Fund to acquire a portfolio of six investments developed by its Green Investments team.

Read more: https://renewablesnow.com/news/macquarie-moves-17-gw-green-portfolio-to-energy-and-climate-fund-855057/

-- PE owner weighs up sale of Formosa Solar - report

Swiss private equity firm Partners Group (SWX:PGHN) is considering a sale of Taiwan-based Formosa Solar Renewable Power Co in a deal that could value the business at up to USD 400 million (EUR 376.0m) in equity terms, Bloomberg reported, citing insiders.

Read more: https://renewablesnow.com/news/pe-owner-weighs-up-sale-of-formosa-solar-report-855159/

-- Vitol forms US landfill gas-to-energy company after acquisition

Global energy and commodities company Vitol on Thursday announced the acquisition of BioMethane Partners to create Texas-based landfill gas-to-energy company Vitol BioMethane (VBM).

Read more: https://renewablesnow.com/news/vitol-forms-us-landfill-gas-to-energy-company-after-acquisition-855166/

-- Geothermal firm GA Drilling secures USD 15m in fresh capital

Slovakia-based geothermal drilling technologies specialist GA Drilling announced on Thursday the first close of a USD-15-million (EUR 14.0m) financing round that will advance the commercialisation of its technologies after a series of successful tests.

Read more: https://renewablesnow.com/news/geothermal-firm-ga-drilling-secures-usd-15m-in-fresh-capital-855264/

-- EDPR closes 297-MW Canadian wind park sale to CC&L

EDP Renovaveis SA (ELI:EDPR) has completed the sales agreement with Connor, Clark & Lunn Infrastructure, also known as CC&L Infrastructure, regarding an 80% stake in a 297-MW wind park in Canada.

Read more: https://renewablesnow.com/news/edpr-closes-297-mw-canadian-wind-park-sale-to-ccl-855196/

-- Trianel sets up JV for solar projects in Austria

German energy company Trianel and Austrian firm Selina Photovoltaic GmbH have established a joint venture to develop ground-mounted solar projects in Austria.

Read more: https://renewablesnow.com/news/trianel-sets-up-jv-for-solar-projects-in-austria-855255/

-- Stellantis to invest USD 100m in Argentinian solar firm 360 Energy

Stellantis NV (EPA:STLAP) will invest USD 100 million (EUR 93.6m) to buy a 49.5% stake in Argentinian solar power company 360 Energy Solar SA, making a step towards achieving its energy autonomy goal, the Amsterdam-based automaker said on Thursday.

Read more: https://renewablesnow.com/news/stellantis-to-invest-usd-100m-in-argentinian-solar-firm-360-energy-855254/

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