Weekly renewables M&A round-up (Feb 26-Mar 1)

Renewables Now covered M&A stories about Iberdrola, Shell, Endesa, and others this week. Below is the full list:

-- Nordic Solar buys 40-MWp Swedish PV project from Helios

Danish solar company Nordic Solar A/S announced the acquisition of a 40-MWp solar park project with a shovel-ready status on the Swedish island of Gotland.

Read more: https://renewablesnow.com/news/nordic-solar-buys-40-mwp-swedish-pv-project-from-helios-849506/

-- Encavis grows Spanish portfolio with 139 MW of PV acquisitions

German wind and solar parks operator Encavis AG has bought two solar projects totalling 139 MW in Spain’s Andalusia region in a move that will further boost its green power output.

Read more: https://renewablesnow.com/news/encavis-grows-spanish-portfolio-with-139-mw-of-pv-acquisitions-849518/

-- Aquila European Renewables decides to open books to suitors

Aquila European Renewables plc, a merger target of Octopus Renewables Infrastructure Trust plc, has decided to open its books to select suitors as part of a broader review of options for its business carried out by its board.

Read more: https://renewablesnow.com/news/aquila-european-renewables-decides-to-open-books-to-suitors-849607/

-- Hydrogen Utopia seeks GBP-500m tie-up with biofuels firm

Britain’s Hydrogen Utopia International PLC disclosed that it is looking to combine with a “profitable international” bio-energy company active in the production and business of biofuels and its bi-products, with the deal seeking to create the first plastic waste to hydrogen facility in the world.

Read more: https://renewablesnow.com/news/hydrogen-utopia-seeks-gbp-500m-tie-up-with-biofuels-firm-849609/

-- Celsia may consider selling stalled wind projects in Colombia

Colombian power utility Celsia is willing to consider the sale of two wind farm projects in Colombia’s La Guajira department in light of the delays and difficulties it is experiencing with their development.

Read more: https://renewablesnow.com/news/celsia-may-consider-selling-stalled-wind-projects-in-colombia-849613/

-- Iberdrola closes USD-6.2bn sale of power assets to Mexican state

Spanish utility Iberdrola SA announced that it has finalised the sale of its 12 combined-cycle gas plants and a wind farm in Mexico to the Mexican state in a transaction valued at around USD 6.2 billion.

Read more: https://renewablesnow.com/news/iberdrola-closes-usd-62bn-sale-of-power-assets-to-mexican-state-849747/

-- Mitsubishi Power Americas spins off BESS business

Mitsubishi Power Americas is separating its battery energy storage solutions (BESS) business as a standalone entity in an effort to put greater focus on innovation and speed up its expansion in the sector.

Read more: https://renewablesnow.com/news/mitsubishi-power-americas-spins-off-bess-business-849845/

-- AEP, PNM wrap up USD-234m sale of New Mexico solar JV

American Electric Power Company Inc and PNM Resources announced that they closed the USD-234-million sale of their New Mexico-based joint venture that holds solar assets with a total potential capacity of 625 MW.

Read more: https://renewablesnow.com/news/aep-pnm-wrap-up-usd-234m-sale-of-new-mexico-solar-jv-849875/

-- CycleO to buy Danish biogas tech developer Biogasclean

UK-based renewable natural gas (RNG) projects developer CycleO Group Limited announced it has acquired Biogasclean, a Danish provider of technology used for biogas and e-fuels production.

Read more: https://renewablesnow.com/news/cycleo-to-buy-danish-biogas-tech-developer-biogasclean-849892/

-- Logan Energy obtains fresh financing to fuel growth

Scotland-based hydrogen energy systems provider Logan Energy has attracted an investment of GBP 5 million to support the development of its technology base and facilities, hire more staff and expand internationally.

Read more: https://renewablesnow.com/news/logan-energy-obtains-fresh-financing-to-fuel-growth-849896/

-- EDF buys 300-MW pumped storage hydro project in NSW

French energy giant EDF Group has acquired a 300-MW pumped hydro energy storage project (PHES) in New South Wales, Australia, and will advance the scheme along with its original developers.

Read more: https://renewablesnow.com/news/edf-buys-300-mw-pumped-storage-hydro-project-in-nsw-849986/

-- Shell seeks sale of 10.6-GW US solar, storage pipeline - report

Shell plc has launched a sale process for all or parts of a pipeline of up to 10.6 GW of solar generation and storage projects currently in development across the US, Reuters reports.

Read more: https://renewablesnow.com/news/shell-seeks-sale-of-106-gw-us-solar-storage-pipeline-report-850017/

-- ReNew discusses sale of 350-MW Indian solar pipeline - report

Indian renewable energy company ReNew Energy Global Plc has entered into discussions to sell a portfolio of solar projects with a combined capacity of 350 MW to Singapore’s Sembcorp Industries Ltd, The Mint reported, citing insiders.

Read more: https://renewablesnow.com/news/renew-discusses-sale-of-350-mw-indian-solar-pipeline-report-850040/

-- Solar start-up Enviria attracts USD-200m investment from Blackrock

Enviria Solar GmbH has secured an equity investment of over USD 200 million from US asset manager Blackrock in a move that will allow the German solar energy start-up to further expand its commercial and industrial (C&I) project portfolio.

Read more: https://renewablesnow.com/news/solar-start-up-enviria-attracts-usd-200m-investment-from-blackrock-850084/

-- Endesa preps sale of stake in solar assets as profit drops in 2023

Spanish utility Endesa SA is selling a minority stake in its portfolio of solar photovoltaic plants in operation, and is currently in the final phase of the divestment process, the group said as it reported a sharp decline in income in 2023.

Read more: https://renewablesnow.com/news/endesa-preps-sale-of-stake-in-solar-assets-as-profit-drops-in-2023-850092/

-- Goldbeck, PACE JV sells 61-MWp solar park in Alberta

German solar developer and installer Goldbeck Solar announced the sale of the 61-MWp Joffre solar park in the Canadian province of Alberta to Concord Green Energy, part of Canadian community builder Concord Pacific.

Read more: https://renewablesnow.com/news/goldbeck-pace-jv-sells-61-mwp-solar-park-in-alberta-850106/

-- Masdar closes buy of 49% stake in UK’s Dogger Bank South

Abu Dhabi Future Energy Company PJSC, better known as Masdar, said it has wrapped up the purchase of a 49% stake in the 3-GW Dogger Bank South offshore wind farm in UK waters.

Read more: https://renewablesnow.com/news/masdar-closes-buy-of-49-stake-in-uks-dogger-bank-south-850166/

-- 1Komma5 acquires Aussie solar installer Arkana Energy

German cleantech unicorn 1Komma5 has acquired Australian solar installer and power retailer Arkana Energy Group in a move that enhances its foothold in the local market.

Read more: https://renewablesnow.com/news/1komma5-acquires-aussie-solar-installer-arkana-energy-850199/

-- Innova buys 21.6-MWp UK solar project

British renewable energy company Innova said it has acquired a 21.6-MWp solar project from UK developer Industria Brand Energy (IBE).

Read more: https://renewablesnow.com/news/innova-buys-216-mwp-uk-solar-project-850209/

-- FDE wraps up investment in hydrogen, solar producer Greenstat

French energy group La Francaise de l’Energie announced it has completed a deal to acquire a 56.35% stake in Greenstat ASA, a Bergen, Norway-based renewable energy developer with a focus on green hydrogen and solar power.

Read more: https://renewablesnow.com/news/fde-wraps-up-investment-in-hydrogen-solar-producer-greenstat-850231/

-- Japan's Eurus transfers control of 8-MW wind park to Yonden

Japanese wind projects developer Eurus Energy Holdings Corp announced it has completed the transfer of all the shares it holds in a subsidiary behind an 8-MW wind park in Ehime prefecture.

Read more: https://renewablesnow.com/news/japans-eurus-transfers-control-of-8-mw-wind-park-to-yonden-850233/

-- AFRY to enhance expertise in renewables via acquisition of Carelin

Swedish energy and infrastructure consultancy AFRY has reached an agreement to take over Carelin Oy, a Finnish firm that offers services to the wind power industry with a focus on production and life cycle management.

Read more: https://renewablesnow.com/news/afry-to-enhance-expertise-in-renewables-via-acquisition-of-carelin-850257/

Choose your newsletter by Renewables Now. Join for free!