Weekly renewables M&A round-up (Feb 20-24)

Renewables Now covered M&A stories about Enel Americas, Macquarie, AEP, Masdar and others in the past week. Below is the full list:

-- Altus Power buys 220-MW solar portfolio from True Green Capital

US solar developer and operator Altus Power Inc has wrapped up the acquisition of a 220-MW solar portfolio from funds managed by private equity firm True Green Capital Management LLC (TGC) for roughly USD 293 million.

Read more: https://renewablesnow.com/news/altus-power-buys-220-mw-solar-portfolio-from-true-green-capital-814959/

-- AFRY boosts offshore, onshore wind expertise via acquisition

Swedish energy and infrastructure consultancy AFRY has acquired Dutch renewables-focused peer BLIX to expand its expertise in the offshore and onshore wind market.

Read more: https://renewablesnow.com/news/afry-boosts-offshore-onshore-wind-expertise-via-acquisition-814977/

-- Enel Americas selling Argentina thermal assets for USD 102m

Latin American conglomerate Enel Americas SA, part of Italian utility group Enel SpA, has signed agreements to sell two thermal power plants in Argentina in a USD-102-million deal as part of wider plans to withdraw from all but core countries on the continent.

Read more: https://renewablesnow.com/news/enel-americas-selling-argentina-thermal-assets-for-usd-102m-814994/

-- Coldwell acquires gigawatt-scale solar project for H2 production

California-focused Coldwell Solar Inc announced it has acquired a gigawatt-scale solar project with plans for a battery component and on-site green hydrogen production.

Read more: https://renewablesnow.com/news/coldwell-acquires-gigawatt-scale-solar-project-for-h2-production-815046/

-- Spain's Grenergy sells 32.5 MWp of DG solar in Chile

Spanish renewables firm Grenergy Renovables SL said it had closed the sale of three solar distributed generation (DG) projects in Chile for USD 44.2 million.

Read more: https://renewablesnow.com/news/spains-grenergy-sells-325-mwp-of-dg-solar-in-chile-815116/

-- GM, Barclays lead GBP-36m funding round at GeoPura

GeoPura Ltd, a provider of green hydrogen power units (HPUs), has raised GBP 36 million in a funding round led by the investment arm of General Motors Co and co-led by Barclays Sustainable Impact Capital.

Read more: https://renewablesnow.com/news/gm-barclays-lead-gbp-36m-funding-round-at-geopura-815122/

-- Landinfra, Taaleri to co-develop 1.9 GW of Swedish renewables

Nordic renewables developer Landinfra Energy AB has signed a deal with Taaleri Energia to jointly work on a Swedish pipeline of up to 1,900 MW, consisting of hybrid projects that combine solar, wind, and energy storage.

Read more: https://renewablesnow.com/news/landinfra-taaleri-to-co-develop-19-gw-of-swedish-renewables-815136/

-- Sasol, Topsoe to jointly build SAF plants

South African chemicals and energy company Sasol Ltd (JSE:SOL) announced plans with Danish decarbonisation technology supplier Topsoe for the creation of a sustainable aviation fuel (SAF) joint venture this year.

Read more: https://renewablesnow.com/news/sasol-topsoe-to-jointly-build-saf-plants-815155/

-- ArcLight closes USD-2bn sale of Great River Hydro to Hydro-Quebec

Private equity firm ArcLight Capital Partners LLC announced the completion of the previously-disclosed sale to Hydro-Quebec of Great River Hydro LLC, which holds the largest conventional hydroelectric portfolio in New England.

Read more: https://renewablesnow.com/news/arclight-closes-usd-2bn-sale-of-great-river-hydro-to-hydro-quebec-815218/

-- Amp sells US business to funds of Fiera, Palisade

Canada’s Amp Solar Group Inc said it is selling its US-based business Amp US Primary Holdings Inc to a consortium of funds managed by Fiera Infrastructure Inc, which is an affiliate of Montreal-based Fiera Capital Corp, and Sydney, Australia-based Palisade Infrastructure Group.

Read more: https://renewablesnow.com/news/amp-sells-us-business-to-funds-of-fiera-palisade-815219/

-- CIP buys Danish biogas project from Canada's Anaergia

Copenhagen Infrastructure Partners (CIP)’s Advanced Bioenergy Fund I has acquired the Envo Biogas project in Tonder, Denmark, from Canadian renewable natural gas (RNG) specialist Anaergia Inc, the parties announced.

Read more: https://renewablesnow.com/news/cip-buys-danish-biogas-project-from-canadas-anaergia-815343/

-- CleanCapital buys 34.5-MW solar park quartet in New Jersey

US clean energy investment platform CleanCapital said it has acquired four solar parks in New Jersey with a combined capacity of 34.5 MW.

Read more: https://renewablesnow.com/news/cleancapital-buys-345-mw-solar-park-quartet-in-new-jersey-815372/

-- Macquarie looking to shed India's Vibrant Energy - report

Macquarie's Green Investment Group (GIG) intends to sell Indian renewable energy platform Vibrant Energy, the Economic Times reports, citing unnamed sources.

Read more: https://renewablesnow.com/news/macquarie-looking-to-shed-indias-vibrant-energy-report-815387/

-- Luminia acquires Northeast US community solar developer

Luminia said it has signed a memorandum of understanding to acquire the assets, development resources and project pipeline of community solar developer New Hampshire Solar Garden.

Read more: https://renewablesnow.com/news/luminia-acquires-northeast-us-community-solar-developer-815389/

-- AEP to sell gigawatt-scale renewables portfolio at USD-1.5bn EV

American Electric Power Company Inc has struck a deal to dispose of its portfolio of unregulated, contracted renewables totalling 1,365 MW to a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure.

Read more: https://renewablesnow.com/news/aep-to-sell-gigawatt-scale-renewables-portfolio-at-usd-15bn-ev-815410/

-- DIF, ib vogt get in 720-MW solar-plus-storage portfolio in UK

Dutch fund manager DIF Capital Partners and German solar PV developer ib vogt GmbH have signed an agreement to acquire a 100% interest in a 720-MW greenfield solar-plus-storage portfolio in the UK, it was announced.

Read more: https://renewablesnow.com/news/dif-ib-vogt-get-in-720-mw-solar-plus-storage-portfolio-in-uk-815439/

-- Macquarie fund, wpd looking to jointly buy Taiwanese wind power cos

German renewables developer wpd AG and a fund associated with Macquarie Group Ltd and its Green Investment Group (GIG) seek to take joint control over a number of Taiwanese onshore wind assets.

Read more: https://renewablesnow.com/news/macquarie-fund-wpd-looking-to-jointly-buy-taiwanese-wind-power-cos-815440/

-- Masdar confirms investment in Indonesian geothermal co

Renewables developer Abu Dhabi Future Energy Co, better known as Masdar, confirmed it has made a strategic investment in newly-listed PT Pertamina Geothermal Energy Tbk (PGE), part of Indonesian state-owned energy company PT Pertamina (Persero).

Read more: https://renewablesnow.com/news/update-masdar-confirms-investment-in-indonesian-geothermal-co-815612/

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