Weekly renewables M&A round-up (Dec 12-16)

Renewables Now covered M&A stories about Repsol, Shell, European Energy, and others in the past week. Below is the full list:

-- CEE Group buys 44-MWp Dutch solar park

German renewable energy asset manager CEE Group has acquired from Danish project developer Obton a 44-MWp ground-mounted solar farm in the Netherlands which is expected to go online at the end of December.

Read more: https://renewablesnow.com/news/cee-group-buys-44-mwp-dutch-solar-park-807918/

-- Minority shareholder to challenge Siemens Gamesa takeover bid - report

A minority shareholder of Siemens Gamesa Renewable Energy SA (BME:SGRE) plans to challenge in court Siemens Energy AG’s (ETR:ENR) EUR-18.05-per-share voluntary takeover offer for a 32.93% stake in the wind turbine maker, believing that the price is unfair, Spanish news agency Europa Press reported.

Read more: https://renewablesnow.com/news/minority-shareholder-to-challenge-siemens-gamesa-takeover-bid-report-807970/

-- China Three Gorges buys 104.5 MWp of solar projects in Spain

Spanish construction and engineering group Aldesa has sold a 104.5-MWp portfolio of ready-to-build solar PV projects in Spain to China Three Gorges Spain (CTG Spain).

Read more: https://renewablesnow.com/news/china-three-gorges-buys-1045-mwp-of-solar-projects-in-spain-808031/

-- Saudi Arabia's PIF buys into German offshore wind developer Skyborn

The Public Investment Fund (PIF) of Saudi Arabia has bought a stake of up to 9.5% in German offshore wind developer and operator Skyborn Renewables.

Read more: https://renewablesnow.com/news/saudi-arabias-pif-buys-into-german-offshore-wind-developer-skyborn-808004/

-- CapMan, Skarta Energy ink 500-MW renewables JV deal

Nordic private assets manager and investment firm CapMan (HEL:CAPMAN) and Finnish construction group SkartaNYAB Oyj (HEL:SKARTA) have agreed to set up a joint venture with a plan to build over the next five years renewable energy plants with a total capacity of more than 500 MW.

Read more: https://renewablesnow.com/news/capman-skarta-energy-ink-500-mw-renewables-jv-deal-808087/

-- Acciona Energia teams up on 162-MWp solar project in Dominican Republic

Spanish renewables pure-player Acciona Energia (BME:ANE) has reached an agreement with two entities in the Dominican Republic to acquire and jointly develop a project for a 162-MWp solar power complex.

Read more: https://renewablesnow.com/news/acciona-energia-teams-up-on-162-mwp-solar-project-in-dominican-republic-808095/

-- Pampa Energia buys 100-MW wind farm in Argentina

Argentine utility Pampa Energia SA (BCBA:PAMP) has acquired 100% of Vientos de Arauco Renovables SAU, the entity behind the 100-MW Arauco II Wind Farm stage 1 and 2 (PEA II) in northwestern Argentina.

Read more: https://renewablesnow.com/news/pampa-energia-buys-100-mw-wind-farm-in-argentina-808154/

-- BayWa r.e. sells 18-MW wind duo in Australia

Renewables company BayWa r.e. AG has sold two wind parks in Australia with a combined capacity of 18.2 MW to local independent profit-to-members superannuation fund Prime Super.

Read more: https://renewablesnow.com/news/baywa-re-sells-18-mw-wind-duo-in-australia-808210/

-- Verbund buys 250 MWp of PV projects in Italy

Austrian energy company Verbund AG (VIE:VER) has unveiled a cooperation agreement with PV-Invest Group to acquire a photovoltaic (PV) project portfolio of up to 250 MWp in Italy.

Read more: https://renewablesnow.com/news/verbund-buys-250-mwp-of-pv-projects-in-italy-808161/

-- Acciona Energia to buy over 1 GW of BESS projects in Texas

Spanish renewables company Acciona Energia (BME:ANE) said on Tuesday that it is set to acquire a 190-MW/380-MWh battery energy storage system (BESS) project approaching commissioning in Texas and another group of advanced-stage BESS development totalling over 1 GW/2 GWh in the US state.

Read more: https://renewablesnow.com/news/acciona-energia-to-buy-over-1-gw-of-bess-projects-in-texas-808175/

-- Glennmont to tap US renewables market with 1-GW solar, storage JV

UK fund manager and clean infrastructure investor Glennmont Partners will set foot on the US market through a joint venture (JV) with solar developer GreenGo Energy US Inc, aiming to develop over 1 GW of solar and storage projects.

Read more: https://renewablesnow.com/news/glennmont-to-tap-us-renewables-market-with-1-gw-solar-storage-jv-808180/

-- Eiffage takes controlling stake in Sun’R Group

French construction and concessions company Eiffage SA (EPA:FGR) has bought a stake of nearly 75% in local solar developer Sun’R Group with a plan to boost its shareholding to over 80% next year.

Read more: https://renewablesnow.com/news/eiffage-takes-controlling-stake-in-sunr-group-808208/

-- ORIX to buy remainder of Spain's Elawan to round out ownership

Japanese financial services group ORIX Corporation (TYO:8591) said on Wednesday that it has struck an agreement to acquire a 20% stake it does not yet own in Spanish renewables developer Elawan Energy SL and turn the Madrid-based business into its wholly-owned subsidiary.

Read more: https://renewablesnow.com/news/orix-to-buy-remainder-of-spains-elawan-to-round-out-ownership-808254/

-- E.on takes full ownership of smart grid solutions provider gridX

German energy company E.on SE (ETR:EOAN) has bought the remaining minority stake in gridX GmbH, a local smart grid solutions provider it has been partnering with since 2017.

Read more: https://renewablesnow.com/news/eon-takes-full-ownership-of-smart-grid-solutions-provider-gridx-808313/

-- Innergex buys rest of 138-MW wind portfolio in Idaho

Innergex Renewable Energy Inc (TSE:INE) has acquired the remaining 37.75% it did not already own in a 138-MW wind farm portfolio in Idaho, the Canadian power producer said on Wednesday.

Read more: https://renewablesnow.com/news/innergex-buys-rest-of-138-mw-wind-portfolio-in-idaho-808304/

-- Gentari to buy part of Northland’s stake in Taiwanese offshore wind project

Gentari, a clean energy business of Malaysian oil and gas company Petroliam Nasional Bhd, better known as Petronas, will take a stake in the 1,044-MW Hai Long offshore wind project in Taiwan that is now 60% owned by Northland Power Inc (TSE:NPI).

Read more: https://renewablesnow.com/news/gentari-to-buy-part-of-northlands-stake-in-taiwanese-offshore-wind-project-808322/

-- Greece's PPC in exclusive talks to buy Enel's Romanian assets

Greek power utility PPC SA (ATH:PPC) has entered exclusive talks with Enel SpA (BIT:ENEL) over the potential acquisition of the Italian energy company's business in Romania.

Read more: https://renewablesnow.com/news/greeces-ppc-in-exclusive-talks-to-buy-enels-romanian-assets-808318/

-- BP invests in Aussie solar technology developer 5B

BP Ventures, the investment arm of British oil and gas major BP Plc (LON:BP), has injected AUD 20 million (USD 13.5m/EUR 12.8m) into Australian firm 5B Holdings Pty Ltd, which has developed a solar technology for rapid installation.

Read more: https://renewablesnow.com/news/bp-invests-in-aussie-solar-technology-developer-5b-808339/

-- SWISS joins as investor in solar fuels start-up Synhelion

Swiss solar fuels start-up Synhelion SA on Thursday said it has raised CHF 22 million (USD 23.7m/EUR 22.3m) in a funding round involving existing investors, as well as new strategic investors, among which Swiss International Air Lines (SWISS), part of the Lufthansa Group.

Read more: https://renewablesnow.com/news/swiss-joins-as-investor-in-solar-fuels-start-up-synhelion-808376/

-- Shell takes over 2-GW solar projects portfolio in Spain

A Shell Plc (LON:SHEL) company has acquired a 2-GW portfolio of ten solar PV projects in Spain from Seville-based sustainable investor Green Tie Capital (GTC), the oil-and-gas major said on Thursday.

Read more: https://renewablesnow.com/news/shell-takes-over-2-gw-solar-projects-portfolio-in-spain-808367/

-- European Energy takes control of Aussie biz behind 3.6-GW solar H2 project

Danish renewables developer European Energy A/S said on Thursday that it has acquired a majority stake in Australia’s Austrom Hydrogen Pty Ltd to accelerate to development of its 3.6-GW Pacific Solar Hydrogen Project in the Gladstone region of Queensland.

Read more: https://renewablesnow.com/news/european-energy-takes-control-of-aussie-biz-behind-36-gw-solar-h2-project-808437/

-- Chevron, Baseload Capital set up geothermal JV

A unit of US energy giant Chevron (NYSE:CVX) and Sweden-based investment firm Baseload Capital are forming a joint venture to develop geothermal projects in the US and have already selected the Weepah Hills mountain range in Nevada as a location for their first project.

Read more: https://renewablesnow.com/news/chevron-baseload-capital-set-up-geothermal-jv-808446/

-- Repsol acquires European renewables platform with 7.7-GW pipeline

Spanish multi-energy major Repsol SA (BME:REP) said on Friday that it has acquired Madrid-based renewables platform Asterion Energies, which manages a pipeline of close to 7,700 MW of wind and solar power projects in Spain, Italy and France.

Read more: https://renewablesnow.com/news/repsol-acquires-european-renewables-platform-with-77-gw-pipeline-808488/

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