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

Renewables Now covered M&A stories about EDPR, Eversource, Fig Power and others this week. Below is the full list:

-- Marguerite sheds stake in 325-MW Belgian offshore wind park

Pan-European infrastructure investor Marguerite offloaded its 10% stake in the 325-MW C-Power (Thornton Bank) wind farm in the North Sea, the first offshore complex in Belgian waters.

Read more: https://renewablesnow.com/news/marguerite-sheds-stake-in-325-mw-belgian-offshore-wind-park-848257/

-- Finland’s Helen invests in 40-MW battery project

Finnish utility Helen Oy has agreed to invest an undisclosed amount in a 40-MW battery energy storage system (BESS) project planned to be installed in the southern part of its home country.

Read more: https://renewablesnow.com/news/finlands-helen-invests-in-40-mw-battery-project-848382/

-- Nexans agrees to buy Italian cables maker La Triveneta Cavi

Paris-based cable manufacturer Nexans SA (EPA:NEX) struck a deal to acquire La Triveneta Cavi, an Italian industrial cable maker offering solutions for building, infrastructure, fire-retardant cable systems and renewable applications.

Read more: https://renewablesnow.com/news/nexans-agrees-to-buy-italian-cables-maker-la-triveneta-cavi-848393/

-- Good Energy to buy UK solar, storage installer JPS Renewable Energy

UK renewable power company Good Energy Group Plc (LON:GOOD) said it is looking to bolster its service offering with the acquisition of domestic solar and storage installer JPS Renewable Energy Ltd in a deal valued at up to GBP 13.75 million (USD 17.3m/EUR 16.1m).

Read more: https://renewablesnow.com/news/good-energy-to-buy-uk-solar-storage-installer-jps-renewable-energy-848295/

-- SAF technology firm Velocys receives USD 40m growth investment

Oxford, UK-based sustainable aviation fuel (SAF) technology company Velocys announced it has secured a USD 40 million (EUR 37.1m) investment from a new consortium of growth investors as part of a take-private deal completed on January 18.

Read more: https://renewablesnow.com/news/saf-technology-firm-velocys-receives-usd-40m-growth-investment-848327/

-- SMT sells 400 MW of battery projects in Texas to UBS unit

US-based SMT Energy sold a portfolio of battery energy storage projects (BESS) with a combined capacity of about 400 MW in Texas to the asset management arm of Swiss bank UBS Group AG (SWX:UBSG).

Read more: https://renewablesnow.com/news/smt-sells-400-mw-of-battery-projects-in-texas-to-ubs-unit-848303/

-- Standard Solar buys 84 MW of Illinois community solar projects

Standard Solar, a Brookfield portfolio company, said it has acquired a community solar portfolio in Illinois, consisting of 14 projects with a combined capacity of 84 MW, from developer New Leaf Energy.

Read more: https://renewablesnow.com/news/standard-solar-buys-84-mw-of-illinois-community-solar-projects-848330/

-- TRIG buys UK battery storage developer Fig Power

The Renewables Infrastructure Group Ltd (LON:TRIG) announced the acquisition of Fig Power, a British battery storage developer with a 1.7-GW development pipeline across the country.

Read more: https://renewablesnow.com/news/trig-buys-uk-battery-storage-developer-fig-power-848449/

-- Fasadgruppen to buy majority stake in Norwegian solar cell firm Elenta

Fasadgruppen Group AB (STO:FG), a Swedish full-service provider of sustainable facades, agreed to acquire a 60% stake in Norwegian roofing and solar cell company Elenta AS, increasing its offering through the deal.

Read more: https://renewablesnow.com/news/fasadgruppen-to-buy-majority-stake-in-norwegian-solar-cell-firm-elenta-848462/

-- Blackstone backs Arevon’s 200-MW energy storage project in California

Renewable energy company Arevon Energy Inc secured USD 350 million (EUR 324.8m), with the assistance of a unit of US investment giant Blackstone Inc (NYSE:BX), to advance a 200-MW/800-MWh energy storage project in Grand Terrace, California.

Read more: https://renewablesnow.com/news/blackstone-backs-arevons-200-mw-energy-storage-project-in-california-848445/

-- GoldenPeaks to buy 69 MWp of Polish solar projects from R.Power

Oicles Renewable Energy, a subsidiary of solar-focused fund GoldenPeaks Capital Holding Ltd, agreed to acquire 69 MWp of photovoltaic (PV) projects in Poland from Polish solar developer R.Power SA Group.

Read more: https://renewablesnow.com/news/goldenpeaks-to-buy-69-mwp-of-polish-solar-projects-from-rpower-848458/

-- Econergy nabs debt for European renewables, buys out Italian assets

Israel's Econergy Renewable Energy Ltd (TLV:ECNR) took full control over a 440-MW Italian renewables portfolio and sealed a EUR-150-million (USD 160.7m) debt financing deal backing its European renewable project pipeline.

Read more: https://renewablesnow.com/news/econergy-nabs-debt-for-european-renewables-buys-out-italian-assets-848531/

-- Eversource to shed USD 1.1bn of projects in offshore wind exit

US utility Eversource Energy (NYSE:ES) unveiled plans to shed its 50% stakes in the South Fork Wind and Revolution Wind offshore projects in US waters in a USD-1.1-billion (EUR 1.03bn) deal that will mark its exit from the offshore wind business.

Read more: https://renewablesnow.com/news/eversource-to-shed-usd-11bn-of-projects-in-offshore-wind-exit-848524/

-- GreenYellow sells stakes in 76-MWp African PV portfolio to Axian

Pan-African diversified group Axian agreed to acquire the stakes of French renewable energy company GreenYellow in a 76-MWp portfolio of solar parks with 5 MWh of storage in Burkina Faso and Madagascar.

Read more: https://renewablesnow.com/news/greenyellow-sells-stakes-in-76-mwp-african-pv-portfolio-to-axian-848533/

-- EDPR sells majority stake in 297-MW Canadian wind park to CC&L

EDP Renovaveis SA (ELI:EDPR) signed a deal to sell an 80% stake in a 297-MW wind park in Canada to Connor, Clark & Lunn Infrastructure, also known as CC&L Infrastructure.

Read more: https://renewablesnow.com/news/edpr-sells-majority-stake-in-297-mw-canadian-wind-park-to-ccl-848544/

-- Indian Alpex Solar's IPO lures huge investor interest

The ongoing initial public offering (IPO) of Indian photovoltaic (PV) panel maker Alpex Solar attracted tremendous interest, luring some INR 160 billion (USD 1.93bn/EUR 1.79bn) worth of commitments.

Read more: https://renewablesnow.com/news/indian-alpex-solars-ipo-lures-huge-investor-interest-848769/

-- CDPQ takes control of 31-MW solar plant in Japan

Canadian institutional investor Caisse de depot et placement du Quebec (CDPQ) announced the acquisition of an 80% stake in a 31-MW solar park in Japan.

Read more: https://renewablesnow.com/news/cdpq-takes-control-of-31-mw-solar-plant-in-japan-848762/

-- France's Neoen eyes sale of Irish renewables biz - report

French renewable power producer Neoen SA (EPA:NEOEN) is seeking to offload its business in Ireland, along with its portfolio of operating wind and solar parks, the Irish Independent reported.

Read more: https://renewablesnow.com/news/frances-neoen-eyes-sale-of-irish-renewables-biz-report-848749/

-- EDPR closes sale of majority stake in 340-MW solar trio in US

EDP Renovaveis SA (ELI:EDPR) announced it has wrapped up the sale of an 80% stake in a 340-MW solar portfolio in the US to an unnamed buyer in a deal with an enterprise value of USD 400 million (EUR 371.2m).

Read more: https://renewablesnow.com/news/edpr-closes-sale-of-majority-stake-in-340-mw-solar-trio-in-us-848776/

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