Weekly renewables M&A round-up (Dec 11-15)

Renewables Now covered M&A stories about Shell, Nel, Lightsource bp, McPhy and others in the past week. Below is the full list:

-- Tenergie, Credit Agricole unit form French PV power producer

French renewables developer Tenergie and a unit of domestic lender Credit Agricole SA have teamed up to create a new company focused on the production of solar power in several departments of their home country.

Read more: https://renewablesnow.com/news/tenergie-credit-agricole-unit-form-french-pv-power-producer-842773/

-- InfraRed divests stake in 216-MW Jaguar Solar portfolio in Mexico

London-based infrastructure investment manager InfraRed Capital Partners said it has sold its stake in the 216-MW Jaguar Solar portfolio in Mexico to Mexican independent power producer Zuma Energia.

Read more: https://renewablesnow.com/news/infrared-divests-stake-in-216-mw-jaguar-solar-portfolio-in-mexico-842776/

-- Solhyd secures funds to develop hydrogen panels

Solhyd, a spin-off of the Belgian research university KU Leuven that makes solar panels producing renewable hydrogen, has attracted up to EUR 6 million in seed capital to further optimise the basic of its technology and deploy it in pilot applications.

Read more: https://renewablesnow.com/news/solhyd-secures-funds-to-develop-hydrogen-panels-842826/

-- Shell cuts stakes in US renewable project duo of 360 MW

Shell Plc has clinched a deal to offload part of its stakes in two renewable power projects in Texas and Ohio to London-based infrastructure investment manager InfraRed Capital Partners.

Read more: https://renewablesnow.com/news/shell-cuts-stakes-in-us-renewable-project-duo-of-360-mw-842890/

-- Nel sheds entire stake in Danish green hydrogen spin-off Everfuel

Norwegian hydrogen solutions company Nel ASA plans to sell its entire 13.56% interest in Danish green hydrogen producer Everfuel A/S to Japan’s Itochu Corp and Osaka Gas Co Ltd in a deal worth NOK 116.6 million.

Read more: https://renewablesnow.com/news/nel-sheds-entire-stake-in-danish-green-hydrogen-spin-off-everfuel-842897/

-- Greencoat closes 49.9% stake acquisition in 67-MW Scottish wind farm

Renewable infrastructure fund Greencoat UK Wind Plc announced it has wrapped up the acquisition of a 49.9% stake in the 67.2-MW Kype Muir Extension wind farm in Scotland.

Read more: https://renewablesnow.com/news/greencoat-closes-499-stake-acquisition-in-67-mw-scottish-wind-farm-842903/

-- Nordic Capital to take control of Swedish solar installer Sesol

Swedish private equity firm Nordic Capital has clinched a deal to take a majority stake in Sesol, a Swedish turnkey solar PV installer and batteries and EV chargers provider, which is backed by SEB Private Equity.

Read more: https://renewablesnow.com/news/nordic-capital-to-take-control-of-swedish-solar-installer-sesol-842916/

-- Eolus closes buy of Finland’s YIT Energy

Swedish wind project developer Eolus Vind AB said it has closed the acquisition of YIT Energy Oy, the renewables business of Finnish construction company YIT.

Read more: https://renewablesnow.com/news/eolus-closes-buy-of-finlands-yit-energy-842943/

-- Storage firm Fourth Power closes Bill Gates-backed financing round

US grid-scale thermal battery storage developer Fourth Power has secured funds to build a prototype system after closing a USD-19-million fundraising.

Read more: https://renewablesnow.com/news/storage-firm-fourth-power-closes-bill-gates-backed-financing-round-842944/

-- Adapture Renewables buys 333 MW of US solar projects

US utility-scale solar developer and operator Adapture Renewables Inc said it has acquired three solar projects with a combined capacity of 333 MW AC/450 MW DC in Illinois and Arkansas from TED Renewables.

Read more: https://renewablesnow.com/news/adapture-renewables-buys-333-mw-of-us-solar-projects-842952/

-- GoldenPeaks buys 283-MW of Polish solar projects, eyes more

Independent green power producer GoldenPeaks Capital has bought 283 MW of shovel-ready photovoltaic (PV) projects in Poland and plans to acquire an additional 150-MW portfolio by year-end.

Read more: https://renewablesnow.com/news/goldenpeaks-buys-283-mw-of-polish-solar-projects-eyes-more-842986/

-- Voltalia divests 90-MW shovel-ready wind project in Brazil

French renewable power producer Voltalia SA has offloaded a 90-MW ready-to-build wind project in the northeastern Brazilian state of Rio Grande do Norte to Japan's Toda Corp.

Read more: https://renewablesnow.com/news/voltalia-divests-90-mw-shovel-ready-wind-project-in-brazil-842987/

-- Aspen Creek, Oakhurst combine to create 4.3-GWp solar-storage platform

US renewables developers Aspen Creek Power Holdings LLC and Oakhurst Energy Development have agreed to merge and create an integrated solar and energy storage company with a 4.3-GWp development portfolio.

Read more: https://renewablesnow.com/news/aspen-creek-oakhurst-combine-to-create-43-gwp-solar-storage-platform-842997/

-- Octopus Renewables wraps up sale of 59-MW Polish wind duo

Octopus Renewables Infrastructure Trust plc has completed the sale of two onshore wind farms with a combined capacity of 59 MW in Poland to an affiliate of local oil refiner Orlen SA.

Read more: https://renewablesnow.com/news/octopus-renewables-wraps-up-sale-of-59-mw-polish-wind-duo-843033/

-- RPC, Spain's Elmya Energy set up JV to push 4 GW of BESS in UK

London-based renewables company Renewable Power Capital (RPC) has agreed to form a joint venture (JV) with Spanish developer and EPC contractor Elmya Energy to develop 4 GW of battery energy storage systems (BESS) and co-located solar projects across the UK.

Read more: https://renewablesnow.com/news/rpc-spains-elmya-energy-set-up-jv-to-push-4-gw-of-bess-in-uk-843086/

-- Thai BCPG to sell 117-MW solar portfolio in Japan to Obton

Thai renewable energy group BCPG Pcl will sell its Japanese unit and its entire 117-MW solar portfolio in the country to Danish investor Obton, with plans to reinvest in other renewable assets.

Read more: https://renewablesnow.com/news/thai-bcpg-to-sell-117-mw-solar-portfolio-in-japan-to-obton-843126/

-- Aggreko snaps up 59 MW of solar projects in New York

UK-based power solutions provider Aggreko announced it has purchased a portfolio of nine ground-mounted community solar projects with a combined capacity of about 59 MW in the state of New York.

Read more: https://renewablesnow.com/news/aggreko-snaps-up-59-mw-of-solar-projects-in-new-york-843136/

-- IBC SOLAR agrees buyout of Swiss PV wholesaler

German photovoltaics (PV) contractor IBC SOLAR has sealed an agreement to acquire full ownership of one of its long-term partners, Swiss PV wholesaler Fankhauser Solar AG.

Read more: https://renewablesnow.com/news/ibc-solar-agrees-buyout-of-swiss-pv-wholesaler-843188/

-- Octopus, Nexta form battery storage JV in Italy

The generation arm of Britain’s Octopus Energy has launched a new joint venture (JV) with Milan-based Nexta Capital Partners to develop up to 1.5 GW of battery storage facilities in Italy.

Read more: https://renewablesnow.com/news/octopus-nexta-form-battery-storage-jv-in-italy-843194/

-- Statkraft to buy 450-MW Scottish pumped storage project

Norwegian renewables company Statkraft A/S announced an agreement to buy a 450-MW pumped storage hydropower project in Scotland from Intelligent Land Investments Group (ILI Group).

Read more: https://renewablesnow.com/news/statkraft-to-buy-450-mw-scottish-pumped-storage-project-843229/

-- Lightsource bp sells 1-GWp Aussie PV portfolio to fund APAC growth

UK-based global solar developer Lightsource bp has offloaded 1,037 MWp of solar projects in Australia to a local unit of Beijing Jingneng Clean Energy Co in a deal with an equity value of AUD 813 million.

Read more: https://renewablesnow.com/news/lightsource-bp-sells-1-gwp-aussie-pv-portfolio-to-fund-apac-growth-843242/

-- Westbridge sells 230-MW solar project in Alberta to Mytilineos

Canadian solar developer Westbridge Renewable Energy Corp said it has closed the sale of its 230-MWac/278-MWdc Georgetown solar project in Vulcan County, Alberta, to Greek industrial group Mytilineos SA as part of a larger divestment agreement.

Read more: https://renewablesnow.com/news/westbridge-sells-230-mw-solar-project-in-alberta-to-mytilineos-843268/

-- Hydrogen firm McPhy seeks refuelling exit to focus on electrolysers

French hydrogen equipment company McPhy Energy SA announced it has started talks to sell its refuelling station business as part of a push to concentrate exclusively on electrolyser manufacturing.

Read more: https://renewablesnow.com/news/hydrogen-firm-mcphy-seeks-refuelling-exit-to-focus-on-electrolysers-843281/

-- Sandbrook raises USD 1.5bn for climate infrastructure fund

Energy infrastructure-focused private investment firm Sandbrook Capital has raised USD 1.5 billion for its debut energy transition infrastructure fund, which has already made capital commitments to renewable energy and battery storage businesses.

Read more: https://renewablesnow.com/news/sandbrook-raises-usd-15bn-for-climate-infrastructure-fund-843323/

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