Weekly renewables M&A round-up (April 8-12)

Renewables Now covered M&A stories about PNE, Repsol, Origin Energy, Genex, and others this week. Below is the full list:

-- TES raises EUR 140m to advance e-NG projects

Tree Energy Solutions (TES), a Netherlands-based green energy company focused on electric natural gas (e-NG) derived from green hydrogen, has raised EUR 140 million in an upsized third funding round to advance the development of its global portfolio of green energy production and import projects.

Read more: https://renewablesnow.com/news/tes-raises-eur-140m-to-advance-e-ng-projects-854106/

-- EBRD invests in Egyptian renewables platform with HAU, Meridiam

The European Bank for Reconstruction and Development (EBRD), together with French sustainable infrastructure investor Meridiam and Egypt’s Hassan Allam Utilities (HAU), is raising capital in a new platform set up to invest in renewable energy projects in Egypt and possibly elsewhere in Africa.

Read more: https://renewablesnow.com/news/ebrd-invests-in-egyptian-renewables-platform-with-hau-meridiam-854118/

-- Cero divests 80-MWp solar project bundle in Poland

Cero Generation, an independent portfolio company of Macquarie Asset Management’s Green Investment Group (GIG), has offloaded 80 MWp of solar projects in Poland to renewables investor and independent power producer GoldenPeaks Capital.

Read more: https://renewablesnow.com/news/cero-divests-80-mwp-solar-project-bundle-in-poland-854156/

-- Fortescue unveils big plans for green H2 production in Morocco

Australia’s Fortescue Ltd has set up a joint venture (JV) with OCP Group in Morocco to work on a project that will create a large-scale renewable energy, green hydrogen and ammonia production hub in the North African country.

Read more: https://renewablesnow.com/news/fortescue-unveils-big-plans-for-green-h2-production-in-morocco-854174/

-- X-Elio sells 147-MW solar portfolio in Spain to Germany's DWS

German asset manager DWS - Private Infrastructure has struck an agreement to acquire a 147-MW portfolio of operational solar farms in Spain from X-Elio.

Read more: https://renewablesnow.com/news/x-elio-sells-147-mw-solar-portfolio-in-spain-to-germanys-dws-854185/

-- Aream's fund buys 5.6-MW turbine to beef up small German wind farm

German investment and asset manager Aream Group said that its Clean Energy Future Fund (CEFF) has acquired a single 5.6-MW Vestas turbine to expand a small wind farm in south-central Germany.

Read more: https://renewablesnow.com/news/areams-fund-buys-56-mw-turbine-to-beef-up-small-german-wind-farm-854188/

-- Solar energy storage firm Photoncycle raises funds for market launch

Photoncycle, a Norwegian company developing technology that enables storing surplus electricity from rooftop solar installations, announced it has raised EUR 5 million from a group of Nordic venture capital firms.

Read more: https://renewablesnow.com/news/solar-energy-storage-firm-photoncycle-raises-funds-for-market-launch-854243/

-- Germany's PNE sells 240-MW solar project in S Africa

German renewables developer PNE AG has sold a 240-MW solar photovoltaic project in South Africa, the firm said.

Read more: https://renewablesnow.com/news/germanys-pne-sells-240-mw-solar-project-in-s-africa-854293/

-- Repsol inks deal to acquire 40% stake in Spanish biomethane biz

Spanish oil-and-gas major Repsol SA has reached an agreement to acquire a 40% stake in Valencia-based integrated biomethane promoter Genia Bioenergy.

Read more: https://renewablesnow.com/news/repsol-inks-deal-to-acquire-40-stake-in-spanish-biomethane-biz-854318/

-- EDF teams up with ESB, Reventus for Celtic Sea leasing bid

EDF Renewables UK has formed a new joint venture to deliver the Gwynt Glas floating offshore wind farm in the Celtic Sea and bid in The Crown Estate’s Leasing Round 5.

Read more: https://renewablesnow.com/news/edf-teams-up-with-esb-reventus-for-celtic-sea-leasing-bid-854380/

-- Engineering group Andritz takes stake in partner HydrogenPro

Austrian engineering group Andritz AG has invested NOK 82.7 million to take a minority stake in Norwegian electrolyser maker HydrogenPro AS, building on the existing partnership between the two companies.

https://renewablesnow.com/news/engineering-group-andritz-takes-stake-in-partner-hydrogenpro-854416/

-- Mytilineos to develop 2 GW of solar for Greek utility PPC

Greek power utility PPC SA has signed a cooperation framework agreement with compatriot Mytilineos SA to develop and build up to 2 GW solar photovoltaic (PV) parks in Italy and on the Balkans.

Read more: https://renewablesnow.com/news/mytilineos-to-develop-2-gw-of-solar-for-greek-utility-ppc-854463/

-- Soltec sells 400-MW solar project in Brazil to Casa dos Ventos

Spanish solar energy specialist Soltec Power Holdings SA announced that it has completed the sale of a 400-MW solar project in Brazil to renewable energy developer Casa dos Ventos.

Read more: https://renewablesnow.com/news/soltec-sells-400-mw-solar-project-in-brazil-to-casa-dos-ventos-854464/

-- Origin to take hold of 1.5-GW wind project with storage in NSW

Australian power and gas producer Origin Energy Ltd has clinched a deal to acquire a 1.5-GW wind project with integrated battery storage in New South Wales in a push to grow its renewable generation and energy storage fleet.

Read more: https://renewablesnow.com/news/origin-to-take-hold-of-15-gw-wind-project-with-storage-in-nsw-854466/

-- Aussie renewables firm Genex accepts J-Power’s takeover offer

Genex Power Ltd has accepted the takeover proposal made by Japanese utility Electric Power Development Co Ltd, or J-Power, that values the Australian renewables and energy storage firm at about AUD 1.04 billion, including debt.

Read more: https://renewablesnow.com/news/aussie-renewables-firm-genex-accepts-j-powers-takeover-offer-854486/

-- Alpiq invests EUR 47m in Finnish green H2 developer P2X

Swiss energy trader Alpiq has bought a controlling stake in P2X Solutions Ltd, providing the Finnish green hydrogen and power-to-X technology company with EUR 47 million to back a large-scale project in Western Finland.

Read more: https://renewablesnow.com/news/alpiq-invests-eur-47m-in-finnish-green-h2-developer-p2x-854492/

-- Enefit Green to buy rights to 360-MW wind project bundle in Poland

A unit of Estonian renewables developer Enefit Green AS has inked a deal to acquire 100% of the development rights to multiple early-stage onshore wind projects in Poland with a targeted total installed capacity of up to 360 MW.

Read more: https://renewablesnow.com/news/enefit-green-to-buy-rights-to-360-mw-wind-project-bundle-in-poland-854500/

-- Varco Energy snaps up 47.5-MW battery storage project in UK

UK-based battery energy storage asset owner and operator Varco Energy announced that it has acquired a 47.5-MW battery energy storage system (BESS) project in Cornwall, southwest England.

Read more: https://renewablesnow.com/news/varco-energy-snaps-up-475-mw-battery-storage-project-in-uk-854520/

-- Apricus Generation raises USD 28m in funding as company launches

Apricus Generation Inc announced the formal inception of the company with a pledge to establish a national distributed solar and battery development platform and independent power producer (IPP).

Read more: https://renewablesnow.com/news/apricus-generation-raises-usd-28m-in-funding-as-company-launches-854564/

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