Weekly renewables M&A round-up (Feb 28-Mar 4)

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

-- Equinor to abandon investments in Russia in response to attack on Ukraine

Norwegian energy company Equinor ASA (NYSE:EQNR) has announced that it will begin exiting its current joint ventures in Russia and give up potential new investments, thus putting an end to its presence of more than 30 years in the country.

Read more: https://renewablesnow.com/news/equinor-to-abandon-investments-in-russia-in-response-to-attack-on-ukraine-774965/

-- EnBW to shed US offshore wind ops to TotalEnergies after New York Bight win

EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) said it will offload its US offshore wind activities to French energy major TotalEnergies SE (EPA:TTE), its partner in a winning bid in the just-completed New York Bight offshore wind lease auction.

Read more: https://renewablesnow.com/news/enbw-to-shed-us-offshore-wind-ops-to-totalenergies-after-new-york-bight-win-775024/

-- Chevron to buy biodiesel producer REG in USD-3.15bn deal

US oil giant Chevron Corp (NYSE:CVX) has struck a USD-3.15-billion deal to take over Renewable Energy Group Inc (NASDAQ:REGI) in pursuit of its objective to grow renewable fuels production capacity to 100,000 barrels per day by 2030.

Read more: https://renewablesnow.com/news/chevron-to-buy-biodiesel-producer-reg-in-usd-315bn-deal-775118/

-- Grenergy enters US market with stake buy in solar developer Sofos Harbert

Spanish renewable energy producer Grenergy Renovables SL (BME:GRE) announced the purchase of a 40% stake in US solar project developer Sofos Harbert Renewable Energy with an option to take full control of the company after three years.

Read more: https://renewablesnow.com/news/grenergy-enters-us-market-with-stake-buy-in-solar-developer-sofos-harbert-775164/

-- Greenvolt takes minority stake in German solar developer MaxSolar

Portuguese renewables company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has inked a deal to buy a 35% stake in German solar developer MaxSolar GmbH for EUR 26 million.

Read more: https://renewablesnow.com/news/greenvolt-takes-minority-stake-in-german-solar-developer-maxsolar-775203/

-- Shell to buy into Aussie wind developer with 3-GW pipeline

Royal Dutch Shell Plc (AMS:RDSA) has agreed to purchase a 49% stake in Australia’s WestWind Energy Development Pty Ltd, thus getting access to the target’s 3-GW wind project pipeline in its home market.

Read more: https://renewablesnow.com/news/shell-to-buy-into-aussie-wind-developer-with-3-gw-pipeline-775218/

-- Octopus Renewables buys 32-MW Swedish wind project from OX2

Stockholm-based renewables developer OX2 AB (STO:OX2) said it has signed a contract to sell the 32-MW Marhult wind project outside Vaxjo in southern Sweden to Octopus Renewables, part of Britain’s Octupus Energy Group.

Read more: https://renewablesnow.com/news/octopus-renewables-buys-32-mw-swedish-wind-project-from-ox2-775311/

-- Hellenic Petroleum snaps up 303-MW solar project in Greece - report

Greek energy group Hellenic Petroleum (ELPE.AT), or ELPE, has clinched a deal to acquire a 303-MW solar park project at home from domestic renewable project developer FEN SOL, Energypress reports.

Read more: https://renewablesnow.com/news/hellenic-petroleum-snaps-up-303-mw-solar-project-in-greece-report-775375/

-- Libra Group's Greenwood buys 233-MW multi-state solar project bundle

Greenwood Sustainable Infrastructure, a clean energy business of Libra Group, has acquired a portfolio an up to 233-MW solar project portfolio in the US from a unit of solar development and water management firm AquaSan Network Inc.

Read more: https://renewablesnow.com/news/libra-groups-greenwood-buys-233-mw-multi-state-solar-project-bundle-775382/

-- Blackstone portfolio firm Aypa buys 100-MW battery project in Virginia

Energy storage developer East Point Energy said it has offloaded a 100-MW battery project in Virginia to Aypa Power, a portfolio company of alternative asset manager Blackstone (NYSE:BX).

Read more: https://renewablesnow.com/news/blackstone-portfolio-firm-aypa-buys-100-mw-battery-project-in-virginia-775394/

-- Glennmont grows Spanish solar portfolio with 161-MW acquisition

London-based fund manager Glennmont Partners has acquired a 161-MW portfolio of solar PV projects in Spain from Spanish developer and engineering firm Grupotec as part of their ongoing arrangement.

Read more: https://renewablesnow.com/news/glennmont-grows-spanish-solar-portfolio-with-161-mw-acquisition-775407/

-- First Solar in talks to sell Japan project development, O&M biz

First Solar Inc (NASDAQ:FSLR) is in advanced talks to sell its project development and operations and maintenance (O&M) platform in Japan, the US thin-film solar module manufacturer said as it unveiled fourth-quarter results.

Read more: https://renewablesnow.com/news/first-solar-in-talks-to-sell-japan-project-development-om-biz-775429/

-- AEP looks to sell unregulated contracted renewables

US ​​utility American Electric Power Company Inc (NYSE:AEP) is starting a process to sell all or a portion of its contracted renewable energy assets within the unregulated business, whilst planning to add 16,000 MW of renewables in its regulated states by 2030.

Read more: https://renewablesnow.com/news/aep-looks-to-sell-unregulated-contracted-renewables-775470/

-- Eni, CDP Equity JV snaps up 110-MW wind portfolio in Italy

Oil and gas company Eni SpA (BIT:ENI) said its joint venture GreenIT has acquired four wind farms in Italy with a total capacity of 110 MW.

Read more: https://renewablesnow.com/news/eni-cdp-equity-jv-snaps-up-110-mw-wind-portfolio-in-italy-775473/

-- Norfund invests in 11 MW of C&I solar in Vietnam

Norfund, the Norwegian government’s investment fund for developing countries, said it is investing in an 11-MW commercial and industrial (C&I) portfolio of rooftop solar plants in Vietnam to take a 35% stake in the scheme.

Read more: https://renewablesnow.com/news/norfund-invests-in-11-mw-of-ci-solar-in-vietnam-775493/

-- Neste to invest USD 1bn in US renewable diesel JV with Marathon

Finnish renewable fuels producer Neste Oyj (HEL:NESTE) has committed to invest roughly EUR 900 million in a new renewable diesel production joint venture in the US with Ohio-based ​​downstream energy company Marathon Petroleum Corp (NYSE:MPC).

Read more: https://renewablesnow.com/news/neste-to-invest-usd-1bn-in-us-renewable-diesel-jv-with-marathon-775513/

-- Colombian regulator approves merger to create Enel Colombia

Chile-based electric utilities group Enel Americas SA (NYSE:ENIA) announced it has secured regulatory approval to merge four of its subsidiaries in Colombia and Central America into a new company with a corporate name Enel Colombia SA ESP.

Read more: https://renewablesnow.com/news/colombian-regulator-approves-merger-to-create-enel-colombia-775520/

-- TotalEnergies takes EnBW's share of 1-GW US floating wind scheme

French multi-energy major TotalEnergies SE (EPA:TTE) announced it has become a joint venture partner in the 1-GW Castle Wind project off the coast of Morro Bay in California.

Read more: https://renewablesnow.com/news/totalenergies-takes-enbws-share-of-1-gw-us-floating-wind-scheme-775522/

-- Allete to buy DG solar developer New Energy Equity

US energy company Allete Inc (NYSE:ALE) has struck a definitive agreement to acquire distributed solar project developer New Energy Equity LLC for USD 165.5 million.

Read more: https://renewablesnow.com/news/allete-to-buy-dg-solar-developer-new-energy-equity-775566/

-- PNE unloads 199-MWp solar project in Utah

The US arm of German renewables developer and operator PNE AG (ETR:PNE3) has sold a 199-MWp solar photovoltaic (PV) project in Utah to an unnamed “top tier USA operator.”

Read more: https://renewablesnow.com/news/pne-unloads-199-mwp-solar-project-in-utah-775574/

-- Brazil's BSBIOS snaps up Swiss MP Biodiesel to expand in Europe

Brazilian biodiesel plants operator BSBIOS has acquired Swiss producer MP Biodiesel in a drive to internationalise its operations and further expand in Europe.

Read more: https://renewablesnow.com/news/brazils-bsbios-snaps-up-swiss-mp-biodiesel-to-expand-in-europe-775584/

-- Sonnedix buys 18-MW solar park in Japan

Independent power producer (IPP) Sonnedix Power Holdings Ltd said it finalised the acquisition of an 18.11-MW solar photovoltaic (PV) park in Japan from renewable energy firm Thai Solar Energy PCL (BKK:TSE).

Read more: https://renewablesnow.com/news/sonnedix-buys-18-mw-solar-park-in-japan-775599/

-- HydrogenOne invests GBP 3.3m in green H2 producer Gen2 Energy

UK-based HydrogenOne Capital Growth plc (LON:HGEN) has agreed to invest GBP 3.3 million in Gen2 Energy AS and take a minority stake in the Norwegian green hydrogen producer as part of a funding round.

Read more: https://renewablesnow.com/news/hydrogenone-invests-gbp-33m-in-green-h2-producer-gen2-energy-775632/

-- FP Lux goes after Swedish solar market with 90-MWp acquisition

Luxembourg-based special fund FP Lux Investments is set to acquire up to 90 MWp of solar park projects in Sweden for its third renewable energy fund RE Infrastructure Opportunities in a move that will enable it to enter the Swedish solar market.

Read more: https://renewablesnow.com/news/fp-lux-goes-after-swedish-solar-market-with-90-mwp-acquisition-775673/

-- H2U Technologies raises USD 11m to develop electrolysis technology

US-based H2U Technologies Inc has raised USD 11 million in a Series A funding round to advance the development of its non-precious metal-based PEM electrolysis technology which is expected to considerably cut costs for hydrogen production.

Read more: https://renewablesnow.com/news/h2u-technologies-raises-usd-11m-to-develop-electrolysis-technology-775677/

-- Greenbacker buys into 150-MW solar portfolio in Minnesota

New York-based sustainable infrastructure investor Greenbacker Renewable Energy Company LLC said today it has acquired a minority stake in the 150-MW Aurora solar portfolio in Minnesota from BlackRock Global Renewable Power Fund II.

Read more: https://renewablesnow.com/news/greenbacker-buys-into-150-mw-solar-portfolio-in-minnesota-775687/

-- Gore Street buys 90% stake in 22-MW/28-MWh battery in Germany

Gore Street Energy Storage Fund plc (LON:GSF) said it has finalised the acquisition of a 90% stake in a 22-MW/28-MWh operational battery in Cremzow, Germany, in line with its strategy to expand its operations outside of the UK and Ireland.

Read more: https://renewablesnow.com/news/gore-street-buys-90-stake-in-22-mw28-mwh-battery-in-germany-775733/

-- Ares Management invests USD 200m in solar developer DSD

A fund managed by the Infrastructure and Power strategy of Ares Management Corporation (NYSE:ARES) has made a USD-200-million preferred equity investment in US solar developer DSD Renewables.

Read more: https://renewablesnow.com/news/ares-management-invests-usd-200m-in-solar-developer-dsd-775763/

-- IPS Solar announces sale to New Energy Equity

Impact Power Solutions, a US solar installer founded back in 1991 and also known as IPS Solar, said it is being acquired by distributed solar developer New Energy Equity LLC.

Read more: https://renewablesnow.com/news/ips-solar-announces-sale-to-new-energy-equity-775808/

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