Weekly renewables M&A round-up (Dec 18-22)

Renewables Now covered M&A stories about RWE, Octopus, Eni, TotalEnergies and others in the past week. Below is the full list:

-- NextEnergy Capital buys 100-MW solar project in Florida

London-based NextEnergy Capital on Thursday announced the first acquisition for its fifth investment fund, a roughly 100-MW solar project in the US state of Florida.

Read more: https://renewablesnow.com/news/nextenergy-capital-buys-100-mw-solar-project-in-florida-843391/

-- Peak Energy sets up solar-storage JV in Korea targeting 500 MW

Peak Energy Investments Ltd, a renewables platform owned by US investment group Stonepeak, has joined forces with South Korea-based Topinfra to develop over 500 MW of solar and battery storage capacity in the Asian country.

Read more: https://renewablesnow.com/news/peak-energy-sets-up-solar-storage-jv-in-korea-targeting-500-mw-843400/

-- Arise takes control of Fenix Repower to enter Ukraine

Swedish onshore wind farms developer Arise AB (STO:ARISE) has acquired a 70% stake in Norway and Ukraine-focused renewables developer Fenix Repower AS in a bid to diversify its business technologically and gain a foothold in the Ukrainian market.

Read more: https://renewablesnow.com/news/arise-takes-control-of-fenix-repower-to-enter-ukraine-843411/

-- Ardian to buy Peruvian hydropower firm with 73-MW portfolio

Private investing house Ardian will take over a Peru-based hydropower company with a 73.4-MW portfolio to grow its foothold in Latin America.

Read more: https://renewablesnow.com/news/ardian-to-buy-peruvian-hydropower-firm-with-73-mw-portfolio-843469/

-- Axpo to sell 72-MW French wind trio to Evangelische Bank fund

Swiss power producer and energy trader Axpo Holding AG has sealed a deal to offload 72 MW of wind farms in France to a fund advised by EB – Sustainable Investment Management GmbH (EB-SIM).

Read more: https://renewablesnow.com/news/axpo-to-sell-72-mw-french-wind-trio-to-evangelische-bank-fund-843569/

-- Qualitas Energy sheds 112 MW of German wind repowering projects

Spanish renewables investor Qualitas Energy on Tuesday announced a deal for the sale of a 112.5-MW wind repowering project portfolio in Germany to independent power producer NeXtWind.

Read more: https://renewablesnow.com/news/qualitas-energy-sheds-112-mw-of-german-wind-repowering-projects-843577/

-- Encavis AM buys 18 MW of operational wind farms in Germany

Encavis Asset Management AG, a unit of German wind and solar farm operator Encavis AG (ETR:ECV), has acquired two wind farms in Germany, gaining a total of 18 MW of installed capacity, the parent company announced on Monday.

Read more: https://renewablesnow.com/news/encavis-am-buys-18-mw-of-operational-wind-farms-in-germany-843621/

-- Acciona Energia selling 680-MW wind, solar package in Spain

Acciona Energia (BME:ANE) has launched the sale of a 680-MW portfolio of wind farms and solar projects in Spain in the hope of remaining in good graces with the rating agencies, Spanish business newspaper Expansion reported on Tuesday, citing market sources.

Read more: https://renewablesnow.com/news/acciona-energia-selling-680-mw-wind-solar-package-in-spain-report-843603/

-- Encavis buys 30-MW shove-ready PV project in Italy

German wind and solar parks operator Encavis AG (ETR:CAP) said on Tuesday it has acquired a 30-MW ready-to-build solar project in the Piedmont region of northwestern Italy.

Read more: https://renewablesnow.com/news/encavis-buys-30-mw-shove-ready-pv-project-in-italy-843665/

-- Nidec invests in Gore Street Energy Storage, gets EPC job in Texas

Japanese electric motors maker Nidec Corp (TYO:6594), via its subsidiary Nidec Motor Corp, is investing GBP 15.8 million (USD 20m/EUR 18.3m) in UK’s Gore Street Energy Storage Fund PLC (LON:GSF) via the issuance of new shares.

Read more: https://renewablesnow.com/news/nidec-invests-in-gore-street-energy-storage-gets-epc-job-in-texas-843634/

-- Valorem sets up French renewables JV with Banque des Territoires

French green energy operator Valorem has joined hands with compatriot Banque des Territoires, part of French public sector financial institution the Caisse des Depots group, to launch an investment platform for local renewable energy projects.

Read more: https://renewablesnow.com/news/valorem-sets-up-french-renewables-jv-with-banque-des-territoires-843666/

-- Telefonica, Auren set up renewable energy solutions JV in Brazil

Brazilian telecom giant Telefonica Brasil SA (B3:VIVT3) announced this week it will form a 50/50 joint venture (JV) with local energy company Auren Energia SA (B3:AURE3) to sell customised renewable energy solutions throughout the country.

Read more: https://renewablesnow.com/news/telefonica-auren-set-up-renewable-energy-solutions-jv-in-brazil-843676/

-- Goldbeck, Suncatcher sell 9-MWp solar farm cluster in Poland

German solar developers and installers Goldbeck Solar GmbH and Suncatcher Gruppe have sold a 9-MWp solar power complex that their subsidiaries built in Poland, a joint statement said on Tuesday.

Read more: https://renewablesnow.com/news/goldbeck-suncatcher-sell-9-mwp-solar-farm-cluster-in-poland-843720/

-- Scatec to divest interest in 8.5-MW solar farm in Rwanda

Norwegian renewable power producer Scatec ASA (OSL:SCATC) has decided to sell its 54% equity share in the 8.5-MW ASYV solar farm in Rwanda in line with its divestment strategy.

Read more: https://renewablesnow.com/news/scatec-to-divest-interest-in-85-mw-solar-farm-in-rwanda-843727/

-- ILI Group sells 50-MW battery project in Scotland to EDP Renewables

Scottish clean energy developer Intelligent Land Investments (ILI) Group has sold a 50-MW battery storage project near Alness in the Scottish Highlands to the majority-owned renewables arm of EDP - Energias de Portugal SA (ELI:EDP).

Read more: https://renewablesnow.com/news/ili-group-sells-50-mw-battery-project-in-scotland-to-edp-renewables-843769/

-- OX2 hands over 48-MW Polish wind farm to Octopus Energy Generation

Swedish renewables developer OX2 AB (STO:OX2) on Thursday said that it has handed over the 48-MW Juniewicze wind farm in Poland to UK’s Octopus Energy Generation.

Read more: https://renewablesnow.com/news/ox2-hands-over-48-mw-polish-wind-farm-to-octopus-energy-generation-843852/

-- EIP to buy minority stake in Eni’s renewables business

Swiss investment company Energy Infrastructure Partners (EIP) has agreed to acquire a stake of up to 9% in Plenitude, the renewables arm of Italian oil and gas major Eni SpA (BIT:ENI), in a deal that values the business at over EUR 10 billion (USD 10.94bn) in enterprise terms.

Read more: https://renewablesnow.com/news/eip-to-buy-minority-stake-in-enis-renewables-business-843914/

-- RWE buys 4.2 GW Norfolk offshore wind portfolio in UK

Finnish renewables investor Korkia and Chile-based wind and solar developer BIWO Renewables have set up a partnership with the aim of developing 1 GW of solar photovoltaic projects in Italy, a joint statement said on Thursday.

Read more: https://renewablesnow.com/news/korkia-teams-up-with-chiles-biwo-renewables-on-1-gw-of-solar-in-italy-843926/

-- Cube Green Energy adds 125 MW of wind, solar to European portfolio

Cube Green Energy, a renewables platform launched by US private equity firm I Squared Capital, has announced the acquisition of operating onshore wind and PV solar assets with a combined capacity of about 125 MW across Europe.

Read more: https://renewablesnow.com/news/cube-green-energy-adds-125-mw-of-wind-solar-to-european-portfolio-843975/

-- TotalEnergies to trim stake in 1.1-GW Scottish offshore wind farm

French energy group TotalEnergies SE (EPA:TTE) has agreed to sell a 25.5% equity stake in the 1,075-MW Seagreen offshore wind farm off the coast of Scotland to Thai oil and gas company PTTEP for GBP 522 million (USD 660.4m/EUR 601.3m).

Read more: https://renewablesnow.com/news/totalenergies-to-trim-stake-in-11-gw-scottish-offshore-wind-farm-843943/

-- PNE sells 175.5 MWp of solar projects in Romania, Italy

German renewables developer PNE AG (ETR:PNE3) has sold a total of 13 solar power projects with a combined capacity of 175.5 MWp in Romania and Italy at the end of the year.

Read more: https://renewablesnow.com/news/pne-sells-1755-mwp-of-solar-projects-in-romania-italy-843940/

-- Octopus Renewables seeks merger with Aquila European Renewables

Octopus Renewables Infrastructure Trust plc (LON:ORIT) disclosed today that it has made a merger proposal to Aquila European Renewables plc (LON:AERS) in a push to create one of the largest London-listed diversified renewable energy investment trusts.

Read more: https://renewablesnow.com/news/octopus-renewables-seeks-merger-with-aquila-european-renewables-843967/

-- Italy's ERG to buy 75% in 317-MW wind, solar portfolio in US debut

Italian independent power producer ERG SpA (BIT:ERG) has signed an agreement to acquire a 75% stake in a 317-MW wind and solar farm portfolio in the United States, making its first move in the overseas renewables market.

Read more: https://renewablesnow.com/news/italys-erg-to-buy-75-in-317-mw-wind-solar-portfolio-in-us-debut-843979/

-- Equitix, Keppel to take majority stake in Enpal's solar portfolio

German solar energy startup Enpal GmbH is selling a majority stake in its solar portfolio to infrastructure investors Equitix and Keppel Infrastructure Trust, securing over EUR 160 million (USD 175.7m) from the deal to expand its business.

Read more: https://renewablesnow.com/news/equitix-keppel-to-take-majority-stake-in-enpals-solar-portfolio-843997/

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