Weekly renewables M&A round-up (Aug 21-25)

Renewables Now covered M&A stories about Greenbacker, Alinta Energy, Morgan Stanley and others in the past week. Below is the full list:

-- Colombia's Celsia to buy 218-MW wind project in expansion to Peru

Colombian power company Celsia announced it has signed an agreement to acquire a 218-MW wind farm project in Peru in a transaction that will mark its debut in the country.

Read more: https://renewablesnow.com/news/colombias-celsia-to-buy-218-mw-wind-project-in-expansion-to-peru-831682/

-- Complete Solaria preps sale of N American manufacturing ops

California-based end-to-end solar solutions provider Complete Solaria Inc has signed a non-binding letter of intent to sell some of its solar panel assets in North America to an unnamed “tier-1 panel manufacturer”.

Read more: https://renewablesnow.com/news/complete-solaria-preps-sale-of-n-american-manufacturing-ops-831709/

-- Spruce Power buys residential solar portfolio for USD 21m

US distributed solar company Spruce Power Holding Corporation has acquired a residential solar portfolio comprising more than 2,400 systems and contracts for USD 20.9 million.

Read more: https://renewablesnow.com/news/spruce-power-buys-residential-solar-portfolio-for-usd-21m-831721/

-- SolarBank negotiating sale of 21-MW community PV bundle in New York

Small-scale solar project developer SolarBank Corp has sealed a funding agreement for 21 MW DC of community solar projects in upstate New York and is meanwhile working on a sale agreement.

Read more: https://renewablesnow.com/news/solarbank-negotiating-sale-of-21-mw-community-pv-bundle-in-new-york-831750/

-- Greenbacker bets on solar, storage developer Telyon

Sustainable infrastructure investor Greenbacker Capital Management has taken a significant minority stake in Connecticut-based renewable energy assets developer Telyon, with the new funds to be used to support the growth of its current and future pipeline of projects.

Read more: https://renewablesnow.com/news/solarbank-negotiating-sale-of-21-mw-community-pv-bundle-in-new-york-831750/

-- Alinta agrees USD 1.1bn asset sale to fund renewables projects

Australian power and gas company Alinta Energy announced it has sealed an AUD-1.72-billion deal to sell certain assets in the remote Pilbara region in Western Australia in a push to secure funds for its renewables and energy storage projects.

Read more: https://renewablesnow.com/news/alinta-agrees-usd-11bn-asset-sale-to-fund-renewables-projects-831854/

-- Engie snaps up US utility-scale battery storage platform

Engie SA is bolstering its position in the energy storage sector with the acquisition of Broad Reach Power, a utility-scale battery storage platform based in Houston, Texas.

Read more: https://renewablesnow.com/news/engie-snaps-up-us-utility-scale-battery-storage-platform-831933/

-- DWS invests in 80-MWp solar park in eastern Germany

DWS Group is investing in the 80-MWp Klettwitz Sued solar park which is part of a bigger renewable energy complex in eastern Germany.

Read more: https://renewablesnow.com/news/dws-invests-in-80-mwp-solar-park-in-eastern-germany-831961/

-- Greenbacker buys 12 MW of PPA-backed solar in Colorado

US independent power producer (IPP) Greenbacker Renewable Energy Company LLC said it has acquired three solar projects in Colorado, adding a total of 12 MW in direct current (DC) to the portfolio in the state.

Read more: https://renewablesnow.com/news/greenbacker-buys-12-mw-of-ppa-backed-solar-in-colorado-831975/

-- Morgan Stanley platform forms US offshore wind ops JV with Crowley

Morgan Stanley Infrastructure Partners (MSIP) announced it has set up a US-focused offshore wind solutions joint venture (JV) with maritime, energy and logistics company Crowley.

Read more: https://renewablesnow.com/news/morgan-stanley-platform-forms-us-offshore-wind-ops-jv-with-crowley-831981/

-- Energy storage firm FranklinWH closes USD-25m funding round

US residential energy storage systems (ESS) company FranklinWH Energy Storage Inc has raised USD 25 million in a Series B financing round led by early-stage venture fund Particle Future.

Read more: https://renewablesnow.com/news/energy-storage-firm-franklinwh-closes-usd-25m-funding-round-832045/

-- Norway's ABL buys Danish offshore consultant Delta Wind Partners

Norway-based energy and marine consultant ABL Group ASA has acquired Danish offshore wind turbine solutions provider Delta Wind Partner ApS (DWP) in a bid to expand its technical offerings in the offshore market.

Read more: https://renewablesnow.com/news/norways-abl-buys-danish-offshore-consultant-delta-wind-partners-832067/

-- Brenmiller plans JV in Spain to offer TES products

Israeli thermal energy storage (TES) provider Brenmiller Energy Ltd plans a new joint venture in Spain with European renewables developers Green Enesys and Viridi that will offer the company’s products via an Energy as a Service (EaaS) business model.

Read more: https://renewablesnow.com/news/brenmiller-plans-jv-in-spain-to-offer-tes-products-832107/

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