Weekly renewables M&A round-up (Dec 13-17)

Renewables Now covered M&A stories about Eneos, PNM Resources, Iberdrola, Greencoat Renewables, Siemens Gamesa and others over the past week. Below is the full list:

-- Plug Power closes buy of Dutch green H2 specialist Frames Group

Plug Power Inc (NASDAQ:PLUG), the US-based provider of turnkey hydrogen solutions, has closed the acquisition of Dutch energy transition and hydrogen solutions provider Frames Group for EUR 115 million.

Read more: https://renewablesnow.com/news/plug-power-closes-buy-of-dutch-green-h2-specialist-frames-group-765163/

-- SIMEC Atlantis sells mini-hydro subsidiary to simplify structure

SIMEC Atlantis Energy Ltd (LON:SAE), the sustainable energy company that develops the MeyGen tidal power project in Scotland, has agreed to divest its mini-hydro subsidiary Green Highlands Renewables (GHR) for GBP 3 million in cash.

Read more: https://renewablesnow.com/news/simec-atlantis-sells-mini-hydro-subsidiary-to-simplify-structure-765204/

-- Spain's Ence lands buyer for 373 MW of solar projects in Andalusia

Spanish pulp producer and energy group Ence Energia y Celulosa SA (BME:ENC) has found a buyer for its 373-MW solar PV project portfolio in southern Spain it was looking to sell for the past months.

Read more: https://renewablesnow.com/news/spains-ence-lands-buyer-for-373-mw-of-solar-projects-in-andalusia-765216/

-- Eneos buys into 35-MWp solar plant in Vietnam

Eneos Vietnam Co Ltd, a unit of Japanese oil company Eneos Corp, has acquired a 19% stake in the operator of a 35-MWp Vietnamese solar plant from Shizen Malaysia Sdn Bhd.

Read more: https://renewablesnow.com/news/eneos-buys-into-35-mwp-solar-plant-in-vietnam-765226/

-- Blue Water, Danwind form wind turbine services JV

Danish logistics company Blue Water Shipping and Danwind Group's construction division have agreed to launch a new joint venture that will provide turnkey turbine services to help accelerate the development of wind projects worldwide.

Read more: https://renewablesnow.com/news/blue-water-danwind-form-wind-turbine-services-jv-765245/

-- Canadian Solar subsidiary gets approval for STAR Market IPO

CSI Solar Co Ltd, a majority-owned unit of Canadian Solar Inc (NASDAQ:CSIQ), has obtained clearance for a proposed initial public offering (IPO) on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Read more: https://renewablesnow.com/news/canadian-solar-subsidiary-gets-approval-for-star-market-ipo-765304/

-- Romania's anti-trust body to probe Premier Energy takeover of Ecoenergia, Alive Capital

Romania's anti-trust regulator said it is looking into the takeover of local companies Ecoenergia and Alive Capital by Cyprus-based natural gas provider and distributor Premier Energy.

Read more: https://renewablesnow.com/news/romanias-anti-trust-body-to-probe-premier-energy-takeover-of-ecoenergia-alive-capital-765311/

-- Keppel team to take control of Southeast Asian solar platform of Shell

A group led by Singapore’s Keppel Corp Ltd (SGX:BN4) has agreed to buy a 51% stake in commercial and industrial (C&I) solar energy platform Cleantech Renewable Assets Pte Ltd (CRA) for up to USD 150 million.

Read more: https://renewablesnow.com/news/keppel-team-to-take-control-of-southeast-asian-solar-platform-of-shell-765331/

-- Pacifico Renewables closes buy of 10-MW Dutch solar bundle

German renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) said it has closed the purchase of six solar parks in the Netherlands, bringing its year-to-date acquisition portfolio to almost 100 MW.

Read more: https://renewablesnow.com/news/pacifico-renewables-closes-buy-of-10-mw-dutch-solar-bundle-765383/

-- Germany's MVV buys Avantag Energy to boost rooftop PV portfolio

German energy company MVV Energie AG has acquired 100% of Luxembourg-based solar developer Avantag Energy S.a r.l and its Trier-based sister company Philipp Rass Energy GmbH in a bid to expand its rooftop photovoltaic (PV) offering for corporate customers.

Read more: https://renewablesnow.com/news/germanys-mvv-buys-avantag-energy-to-boost-rooftop-pv-portfolio-765401/

-- PNM becomes owner of 800-MW wind transmission line in New Mexico

US utilities holding company PNM Resources (NYSE:PNM) has wrapped up the acquisition of the Western Spirit transmission line project that entered into service to accommodate 800 MW of new wind turbine capacity in New Mexico.

Read more: https://renewablesnow.com/news/pnm-becomes-owner-of-800-mw-wind-transmission-line-in-new-mexico-765403/

-- Enova buys 26-MW German wind duo from Denmark's EWII

German renewable energy developer and investor Enova said it has purchased 26 MW of wind farms at home from Danish energy supplier EWII and announced plans for their repowering.

Read more: https://renewablesnow.com/news/enova-buys-26-mw-german-wind-duo-from-denmarks-ewii-765450/

-- Shell to buy US solar, storage developer Savion

A US subsidiary of Royal Dutch Shell plc (AMS:RDSA) has struck a deal to take over utility-scale solar and energy storage developer Savion LLC from the Green Investment Group (GIG).

Read more: https://renewablesnow.com/news/shell-to-buy-us-solar-storage-developer-savion-765505/

-- Prime Infra invests in Solar Philippines' biz with 140 MW of projects in tow

Prime Infrastructure Holdings Inc, an infrastructure company led by Filipino billionaire Enrique K. Razon Jr, is investing PHP 3.5 billion to support three solar projects in partnership with Solar Philippines.

Read more: https://renewablesnow.com/news/prime-infra-invests-in-solar-philippines-biz-with-140-mw-of-projects-in-tow-765526/

-- European chemicals giant Nobian and Macquarie’s Green Investment Group (GIG) unveiled plans to set up a green hydrogen venture that will aim to decarbonise emissions-intensive industries in Europe.

Read more: https://renewablesnow.com/news/nobian-gig-to-form-industrial-green-hydrogen-jv-in-europe-765594/

-- Nobian, GIG to form industrial green hydrogen JV in Europe

Canadian Solar Inc (NASDAQ:CSIQ) said it has sold its ownership interest in a 635-MWp solar project in Brazil to renewable energy company VTRM Energia Participacoes SA.

Read more: https://renewablesnow.com/news/canadian-solar-sells-635-mwp-solar-project-in-brazil-765595/

-- PCRE snatches 240-MW-plus Irish solar project bundle from RES

Power Capital Renewable Energy (PCRE) has increased its total solar portfolio to over 1.1 GW by acquiring six domestic ready-to-build solar farms with a combined capacity of over 240 MW from UK renewable energy group RES.

Read more: https://renewablesnow.com/news/pcre-snatches-240-mw-plus-irish-solar-project-bundle-from-res-765614/

-- Romania's Simtel Team to buy majority stake in ANT Power Energy

Romanian engineering and technology company Simtel Team (BSE:SMTL) said it has reached an agreement to buy a 51% stake in local provider of forecasting services for photovoltaic power plants and wind turbines ANT Power Energy for 1.5 million lei.

Read more: https://renewablesnow.com/news/romanias-simtel-team-to-buy-majority-stake-in-ant-power-energy-765661/

-- Schroders confirms acquisition talks with Greencoat Capital

British asset management giant Schroders Plc (LON:SDR) confirmed earlier press reports that it is in advanced discussions to purchase a large stake in domestic fund manager Greencoat Capital LLP, which owns and operates over 3 GW of renewables.

Read more: https://renewablesnow.com/news/schroders-confirms-acquisition-talks-with-greencoat-capital-765815/

-- 3i Infrastructure raises stake in France's Valorem to 33%

Closed-ended investment company 3i Infrastructure Plc (LON:3IN) has lifted its shareholding in French wind, solar and hydropower developer Valorem to around 33%, the investment firm said.

Read more: https://renewablesnow.com/news/3i-infrastructure-raises-stake-in-frances-valorem-to-33-765834/

-- Switzerland's MET Group wraps up acquisition of second wind park in Bulgaria

Switzerland-based energy company MET Group said that it has completed the acquisition of 100% interest in the 60-MW Suvorovo wind park in Bulgaria from Spanish renewable energy company Enhol for an undisclosed price.

Read more: https://renewablesnow.com/news/switzerlands-met-group-wraps-up-acquisition-of-second-wind-park-in-bulgaria-765836/

-- Sonnedix Japan snaps up 16.4-MW project from Trina Solar

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has acquired a 16.4-MW solar project in Japan from a unit of China’s Trina Solar Co Ltd (SHA:688599).

Read more: https://renewablesnow.com/news/sonnedix-japan-snaps-up-164-mw-project-from-trina-solar-765837/

-- Slovenia's anti-graft body finds no conflict of interest in sale of biogas plant by BAMC

Slovenia's Commission for the Prevention of Corruption said it approved the sale of a biogas plant in Dobrovnik by the Bank Assets Management Company (BAMC) to Hungary's Pannonia Bio as it found no violations of the country's anti-corruption rules.

Read more: https://renewablesnow.com/news/slovenias-anti-graft-body-finds-no-conflict-of-interest-in-sale-of-biogas-plant-by-bamc-765849/

-- Alerion Clean Power, Black Sea Wind Partners agree to develop 3 wind projects in Romania

Italian renewable energy holding Alerion Clean Power said that it has signed an agreement with Romania's Black Sea Wind Partners for the development of three wind projects in Romania with a total capacity of some 550 MW.

Read more: https://renewablesnow.com/news/alerion-clean-power-black-sea-wind-partners-agree-to-develop-3-wind-projects-in-romania-765856/

-- Nala Renewables buys solar PMGD project portfolio in Chile

Global renewable energy investment platform Nala Renewables said that it has signed an agreement to acquire 13 solar PV projects in Chile from Czech solar energy developer Solek Holding SE.

Read more: https://renewablesnow.com/news/nala-renewables-buys-solar-pmgd-project-portfolio-in-chile-765896/

-- United Airlines buys into ZeroAvia in hydrogen-electric aircraft push

United Airlines Holdings Inc (NASDAQ:UAL) has invested in ZeroAvia, paving the way for up to 100 zero-emission hydrogen-electric engines to be potentially used on its regional aircraft by 2028.

Read more: https://renewablesnow.com/news/united-airlines-buys-into-zeroavia-in-hydrogen-electric-aircraft-push-765899/

-- Stem to buy solar software co AlsoEnergy for USD 695m

Artificial intelligence (AI)-driven energy storage company Stem Inc (NYSE:STEM) will take over solar asset management software developer Also Energy Holdings Inc for about USD 695 million on a cash-free, debt-free basis.

Read more: https://renewablesnow.com/news/stem-to-buy-solar-software-co-alsoenergy-for-usd-695m-765951/

-- Vestas head says some wind turbine makers may combine, disappear

Henrik Andersen, the chief executive of Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS), sees a likelihood of some competitors coming together and some disappearing and being picked up against the backdrop of high costs.

Read more: https://renewablesnow.com/news/vestas-head-says-some-wind-turbine-makers-may-combine-disapper-765996/

-- Brazil's Eneva to take over renewables firm Focus Energia

Brazilian natural gas and power utility Eneva SA (B3:ENEV3) has reached a deal to absorb renewable energy company Focus Energia Holding Participacoes SA (BVMF:POWE3), taking it off the market just ten months after a BRL-887.4-million initial public offering (IPO).

Read more: https://renewablesnow.com/news/brazils-eneva-to-take-over-renewables-firm-focus-energia-766035/

-- Iberdrola buys Aussie green solutions biz Autonomous Energy

Spanish utility Iberdrola SA (BME:IBE) has acquired Australian green energy and behind-the-meter solutions provider Autonomous Energy in another push to expand its footing in the land Down Under after taking over renewables developer Infigen last year and a number of wind and solar projects.

Read more: https://renewablesnow.com/news/iberdrola-buys-aussie-green-solutions-biz-autonomous-energy-766043/

-- Spain's Audax buys 12-MWp solar project at home

Spanish renewables and gas company Audax Renovables SA (BME:ADX) announced it has bought a 12.36-MWp solar project at home from an unnamed seller.

Read more: https://renewablesnow.com/news/spains-audax-buys-12-mwp-solar-project-at-home-766045/

-- Koch unit invests USD 150m in GameChange Solar

Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has invested USD 150 million in solar racking and tracker systems provider GameChange Solar Holdings Corp.

Read more: https://renewablesnow.com/news/koch-unit-invests-usd-150m-in-gamechange-solar-766050/

-- AqualisBraemar LOC takes full ownership of Innosea

AqualisBraemar LOC ASA (OSE:AQUA) said that it has taken over offshore renewables specialist Innosea after acquiring the 29% it did not own for an undisclosed amount.

Read more: https://renewablesnow.com/news/aqualisbraemar-loc-takes-full-ownership-of-innosea-766068/

-- Goldman Sachs unit to buy 70-MW solar bundle in Maine

Goldman Sachs Asset Management Renewable Power has agreed to acquire a portfolio of distributed solar generation assets with a total capacity of 70 MW across Maine from utility-scale solar developer Dynamic Energy Solutions LLC.

Read more: https://renewablesnow.com/news/goldman-sachs-unit-to-buy-70-mw-solar-bundle-in-maine-766073/

-- MPCES to co-invest in Leclanche's solar-storage project in St Kitts and Nevis

Amsterdam-based sustainable energy company MPC Energy Solutions NV (FRA:5IX) said that it will invest as a minority partner in a solar-plus-storage plant project developed by Swiss battery maker Leclanche SA (SWX:LECN) in the Caribbean nation of Saint Kitts and Nevis.

Read more: https://renewablesnow.com/news/mpces-to-co-invest-in-leclanches-solar-storage-project-in-st-kitts-and-nevis-766075/

-- Ashtrom, Kenlov to buy 1.1-GW solar project portfolio in US

Israeli construction and real estate company Ashtrom Group Ltd (TLV:ASHG) and independent power producer (IPP) Kenlov Renewable Energy have agreed to acquire four US solar projects with a total planned capacity of around 1.1 GW in direct current (DC).

Read more: https://renewablesnow.com/news/ashtrom-kenlov-to-buy-11-gw-solar-project-portfolio-in-us-766079/

-- Siemens Gamesa ditching wind farm development biz - report

Wind turbine manufacturer Siemens Gamesa Renewable Energy SA (BME:SGRE) is looking to sell its wind farm development business and has retained Bank of America as advisor in the process, Reuters reported citing sources familiar with the alleged deal.

Read more: https://renewablesnow.com/news/siemens-gamesa-ditching-wind-farm-development-biz-report-766092/

-- Competition watchdog okays Reliance's stake buy in SWREL

The Competition Commission of India (CCI) has given the green light to a unit of Indian conglomerate Reliance Industries Ltd (BOM:500325) in relation to its plan to acquire a 40% stake in Sterling & Wilson Renewable Energy Ltd (BOM:542760), or SWREL.

Read more: https://renewablesnow.com/news/competition-watchdog-okays-reliances-stake-buy-in-swrel-766112/

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