Weekly renewables M&A round-up (Aug 28-Sep 1)

Renewables Now covered M&A stories about Steag, BayWa, Statkraft and others in the past week. Below is the full list:

-- Asterion to buy German Steag, plans investment in renewables

Spanish investment firm Asterion Industrial Partners has reached a EUR-2.6-billion deal to acquire German energy company Steag GmbH, planning to expand the utility's renewables unit by investing in green technologies such as hydrogen, batteries, solar and wind generation.

Read more: https://renewablesnow.com/news/asterion-to-buy-german-steag-plans-investment-in-renewables-832161/

-- INVEX to exit 216-MWp solar portfolio in Mexico

Mexican financial holding company INVEX Controladora SAB de CV announced it has agreed to sell its remaining stake in a portfolio of six solar farms with a combined capacity of 216 MWp in northwestern Mexico.

Read more: https://renewablesnow.com/news/invex-to-exit-216-mwp-solar-portfolio-in-mexico-832282/

-- BayWa r.e. to buy Brazilian PV distributor Ribeiro Solar

Solar components distributor BayWa r.e. Solar Trade, part of global renewables developer BayWa r.e. AG, has sealed a deal to acquire Brazil-focused sector player Ribeiro Solar.

Read more: https://renewablesnow.com/news/baywa-re-to-buy-brazilian-pv-distributor-ribeiro-solar-832312/

-- Statkraft to buy 260 MW of wind capacity in Brazil from EDPR

Renewable energy company EDP Renovaveis SA announced it has agreed to sell two wind farms with a combined capacity of 260 MW in Brazil to Norwegian power company Statkraft AS.

Read more: https://renewablesnow.com/news/statkraft-to-buy-260-mw-of-wind-capacity-in-brazil-from-edpr-832380/

-- Encavis buys 12-MW energy storage project in Germany

German wind and solar park operator Encavis AG said it is acquiring a ready-to-build battery project with a planned capacity of 12 MW/24 MWh in Hettstedt, Germany, to optimise the marketing of electricity from its renewable power facilities.

Read more: https://renewablesnow.com/news/encavis-buys-12-mw-energy-storage-project-in-germany-832386/

-- Helleniq Renewables to buy 180 MW of Greek solar from Lightsource

Greek oil company Helleniq Energy Holdings SA announced that its renewables unit will acquire a portfolio of solar photovoltaic projects totalling up to 180 MW in Kozani, Greece.

Read more: https://renewablesnow.com/news/helleniq-renewables-to-buy-180-mw-of-greek-solar-from-lightsource-832453/

-- EDP takes full control of Brazilian unit

Portuguese utility Energias de Portugal SA said it now holds, in aggregate, 100% of the share capital at its subsidiary EDP - Energias do Brasil SA (BVMF:ENBR3).

Read more: https://renewablesnow.com/news/edp-takes-full-control-of-brazilian-unit-832618/

-- Statkraft buys EUR-400m onshore wind bundle with repowering in mind

Norwegian renewable power producer Statkraft AS announced it has acquired a substantial onshore wind portfolio consisting of 39 parks in Germany and France with the idea of eventually repowering the assets.

Read more: https://renewablesnow.com/news/statkraft-buys-eur-400m-onshore-wind-bundle-with-repowering-in-mind-832619/

-- EC greenlights TotalEnergies' move to create renewables JV in Turkey

A recent agreement between French energy major TotalEnergies SE and Turkey’s Ronesans Holding to exercise joint control of Ronesans’ Ankara-based renewables entity has received regulatory approval from the European Commission (EC).

Read more: https://renewablesnow.com/news/ec-greenlights-totalenergies-move-to-create-renewables-jv-in-turkey-832637/

-- Star Energy bets on Croatian geothermal sector

British energy company Star Energy Group PLC has advanced its push to become a geothermal expert with the acquisition of a majority stake in a company that holds a geothermal waters exploration licence for certain areas in Ernestinovo in the Pannonian Basin in Croatia.

Read more: https://renewablesnow.com/news/star-energy-bets-on-croatian-geothermal-sector-832668/

-- Terreva Renewables raises USD 417m to expand RNG platform

US renewable natural gas (RNG) projects developer Terreva Renewables, a portfolio company of infrastructure investor CIM Group, has raised USD 417 million from corporate and institutional investors to support the expansion of its RNG platform.

Read more: https://renewablesnow.com/news/terreva-renewables-raises-usd-417m-to-expand-rng-platform-832669/

-- Spain's EiDF buys 238 MWp of solar projects at home

Spanish solar energy installer EiDF has acquired 238 MWp of solar projects in Burgos province, northern Spain, boosting its pipeline to close to 2,600 MW.

Read more: https://renewablesnow.com/news/spains-eidf-buys-238-mwp-of-solar-projects-at-home-832750/

-- Greencoat wraps up acquisition of 240-MW wind farm in Scotland

UK-based renewable infrastructure fund Greencoat UK Wind Plc said it has finalised the acquisition of the 240-MW South Kyle wind farm in Scotland from Swedish utility Vattenfall AB.

Read more: https://renewablesnow.com/news/greencoat-wraps-up-acquisition-of-240-mw-wind-farm-in-scotland-832759/

-- Mitsui gets EC nod to buy into Kasso PtX complex

The European Commission has given the go-ahead to Japanese trading and investment company Mitsui & Co for it to acquire a minority stake in the firm behind a Power-to-X (PtX) project near Kasso in Aabenraa, Denmark.

Read more: https://renewablesnow.com/news/mitsui-gets-ec-nod-to-buy-into-kasso-ptx-complex-832789/

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