Weekly renewables M&A round-up (Feb 19-23)

Renewables Now covered M&A stories about Origin Energy, Dominion Energy, Hexicon and others this week. Below is the full list:

-- Sembcorp closes 228-MW wind farm purchase in India

Singapore’s Sembcorp Industries Ltd (SGX:U96) has wrapped up the acquisition of a duo of Indian companies holding the rights to 228 MW of wind farms in the South Asian country.

Read more: https://renewablesnow.com/news/sembcorp-closes-228-mw-wind-farm-purchase-in-india-848852/

-- Origin Energy buys Aussie developer of 1.3-GW wind-solar duo

Aussie power producer Origin Energy Ltd (ASX:ORG) has acquired domestic renewable energy developer Walcha Energy, including a 1.3-GW-plus wind and solar project duo.

Read more: https://renewablesnow.com/news/origin-energy-buys-aussie-developer-of-13-gw-wind-solar-duo-849044/

-- Atawey makes binding bid for McPhy’s hydrogen refuelling ops

French hydrogen equipment company McPhy Energy SA (EPA:MCPHY) has received a binding offer for the acquisition of its refuelling station business, which includes around 40 outlets, from sector player Atawey.

Read more: https://renewablesnow.com/news/atawey-makes-binding-bid-for-mcphys-hydrogen-refuelling-ops-848925/

-- Vestas closes stake sale in Lake Turkana wind farm in Kenya

Vestas Wind Systems A/S (CPH:VWS) has sold its 12.5% stake in the 310-MW Lake Turkana wind farm in Kenya to the Climate Finance Partnership (CFP), which is managed by BlackRock Inc (NYSE:BLK).

Read more: https://renewablesnow.com/news/vestas-closes-stake-sale-in-lake-turkana-wind-farm-in-kenya-848966/

--Eco Stor attracts two new backers to support BESS pipeline

German-Norwegian battery energy storage system (BESS) company Eco Stor has attracted global renewables developer X-Elio and private equity firm Nature Infrastructure Capital (NIC) as new backers with commitments to investing a substantial amount of capital.

Read more: https://renewablesnow.com/news/eco-stor-attracts-two-new-backers-to-support-bess-pipeline-848928/

-- Portugal clears EDP unit to acquire 17 MW of solar arrays

Portugal's Competition Authority (AdC) has given the green light to the purchase by a unit of Portuguese electric utility group EDP Energias de Portugal SA (ELI:EDP) of 17 MW of solar arrays.

Read more: https://renewablesnow.com/news/portugal-clears-edp-unit-to-acquire-17-mw-of-solar-arrays-849071/

-- Sage Geosystems raises USD 17m to support debut geothermal plant

Geothermal power generation and storage firm Sage Geosystems has attracted USD 17 million (EUR 15.7m) in fresh funds to advance a project for a 3-MW commercial Geopressured Geothermal System (GGS) facility to be built in Texas.

Read more: https://renewablesnow.com/news/sage-geosystems-raises-usd-17m-to-support-debut-geothermal-plant-849121/

-- NorthRenew sells 300-MW hybrid project in Idaho to PacifiCorp

US utility-scale renewable energy developer NorthRenew Energy has sold the 300-MW-plus Arco Wind and Solar project in southeastern Idaho to utility PacifiCorp, a subsidiary of Berkshire Hathaway Energy.

Read more: https://renewablesnow.com/news/northrenew-sells-300-mw-hybrid-project-in-idaho-to-pacificorp-849125/

-- Geothermal firm Eavor attracts Japan’s Kajima as backer

Japanese construction company Kajima Corporation (TYO:1812) has agreed to make a direct investment into Eavor Technologies Inc with the fresh capital to strengthen the Canadian geothermal power firm's balance sheet, enable growth and advance the deployment of its technology across various sectors.

Read more: https://renewablesnow.com/news/geothermal-firm-eavor-attracts-japans-kajima-as-backer-849210/

-- Antin cleared to launch voluntary takeover of Spain's Opdenergy

Spain’s securities market regulator (CNMV) on Tuesday said it had approved the voluntary takeover of Spanish solar and wind developer Opdenergy Holding SA (BME:OPDE) by GCE BidCo, an affiliate of France-based private equity firm Antin Infrastructure Partners SAS (EPA:ANTIN).

Read more: https://renewablesnow.com/news/antin-cleared-to-launch-voluntary-takeover-of-spains-opdenergy-849198/

-- Actis buys 743-km transmission line in Brazil to launch new platform

UK investment firm Actis is set to capitalise on Brazil’s decarbonisation push with the launch of a new transmission platform after completing the purchase of a 743-kilometre (461 mi) power line from EDP - Energias do Brasil SA (BVMF:ENBR3).

Read more: https://renewablesnow.com/news/actis-buys-743-km-transmission-line-in-brazil-to-launch-new-platform-849260/

-- Eolus to take full control over SeaSapphire floating wind JV

Swedish renewables developer Eolus Vind AB (STO:EOLU-B) has agreed to take full ownership of its floating wind development joint venture with Ireland’s Simply Blue Group, namely SeaSapphire, it was announced on Wednesday.

Read more: https://renewablesnow.com/news/eolus-to-take-full-control-over-seasapphire-floating-wind-jv-849237/

-- Statkraft to shed Enerfin projects in non-core markets - report

Statkraft AS is looking to offload some projects that are included in the portfolio in Spain’s Enerfin, which the Norwegian group is in the process of buying in a EUR-1.8-billion (USD 1.95bn) deal, Reuters reports.

Read more: https://renewablesnow.com/news/statkraft-to-shed-enerfin-projects-in-non-core-markets-report-849258/

-- Hexicon buys out Shell's stake in 1-GW Korean floating wind JV

Swedish floating wind specialist Hexicon AB (STO:HEXI) has clinched a deal to acquire full ownership of its joint venture with Shell plc (AMS:SHELL) that develops the 1,125-MW MunmuBaram floating wind project off South Korea.

Read more: https://renewablesnow.com/news/hexicon-buys-out-shells-stake-in-1-gw-korean-floating-wind-jv-849296/

-- EDF buys UK solar, battery installer Contact Solar

The British arm of French utility EDF has acquired Contact Solar, a solar panel and battery installation company based in Chorley, northwestern England.

Read more: https://renewablesnow.com/news/edf-buys-uk-solar-battery-installer-contact-solar-849292/

-- TotalEnergies snaps up 59-MW solar project in Spain

French energy group TotalEnergies SE (EPA:TTE) has clinched a deal to acquire a 59-MW solar photovoltaic (PV) park project in Spain’s Toledo province from developer Synergia.

Read more: https://renewablesnow.com/news/totalenergies-snaps-up-59-mw-solar-project-in-spain-849379/

-- Sandbrook Capital to invest USD 460m in rPlus platform

Private investment firm Sandbrook Capital will invest up to USD 460 million (EUR 425.4m) in rPlus Energies LLC as part of a new platform-level partnership with the Salt Lake City, Utah-based renewables developer.

Read more: https://renewablesnow.com/news/sandbrook-capital-to-invest-usd-460m-in-rplus-platform-849339/

-- Stonepeak buys into Dominion's 2.6-GW Coastal Virginia project

US utility Dominion Energy Inc (NYSE:D) will offload a 50% non-controlling interest in the 2.6-GW Coastal Virginia Offshore Wind (CVOW) to Stonepeak in a move that will help it finance the construction of the roughly USD-10-billion (EUR 9.23bn) project.

Read more: https://renewablesnow.com/news/stonepeak-buys-into-dominions-26-gw-coastal-virginia-project-849387/

-- Atlas acquires 201-MWp solar project in Colombia

Latin America-focused Atlas Renewable Energy has signed an agreement to acquire a 201-MWp solar project in Colombia, making its debut in the South American nation's solar market.

Read more: https://renewablesnow.com/news/atlas-acquires-201-mwp-solar-project-in-colombia-849375/

-- EDP invests EUR 2m in Chilean AI startup for renewable systems

Corporate venture capital firm EDP Ventures has invested EUR 1.8 million (USD 1.9m) in Chilean artificial intelligence (AI) startup Splight.

Read more: https://renewablesnow.com/news/edp-invests-eur-2m-in-chilean-ai-startup-for-renewable-systems-849451/

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