Weekly renewables M&A round-up (Feb 5-9)

Renewables Now covered M&A stories about Swire Renewable Energy, Cubico, BayWa r.e. and others this week. Below is the full list:

-- TotalEnergies may shed stakes in US, European renewables - report

TotalEnergies SE is considering divesting half of its stake in a portfolio of renewable energy projects across Europe and the US valued at USD 2.5 billion, Reuters reports.

Read more: https://renewablesnow.com/news/totalenergies-may-shed-stakes-in-us-european-renewables-report-847591/

-- Swire Renewable Energy buys UK blade repair firm Altitec

Denmark’s Swire Renewable Energy A/S has acquired Altitec Blade Services, a UK-based wind turbine rotor blade repair and maintenance company, in a bid to strengthen its portfolio of energy inspection services.

Read more: https://renewablesnow.com/news/swire-renewable-energy-buys-uk-blade-repair-firm-altitec-847631/

-- EDF Renewables sheds 118-MW Scottish wind trio to Vantage RE

EDF Renewables UK has offloaded a portfolio of Scottish wind projects totalling 118.3 MW to Vantage RE Ltd, the UK-based renewables unit of Malaysian utility Tenaga Nasional Bhd.

Read more: https://renewablesnow.com/news/edf-renewables-sheds-118-mw-scottish-wind-trio-to-vantage-re-847739/

-- Swire Renewable Energy snaps up S Africa's Obelisk Energy Services

Denmark’s Swire Renewable Energy A/S (SRE) has acquired Obelisk Energy Services Limited, a South African provider of services to the renewable energy sector, marking its second inorganic growth investment within a week.

Read more: https://renewablesnow.com/news/swire-renewable-energy-snaps-up-s-africas-obelisk-energy-services-847788/

-- Cubico forms 1-GW Italian battery JV with Storaltil

British renewables investor Cubico Sustainable Investments and Italy’s Storaltil Srl have set up a joint venture (JV) to develop more than 1 GW of battery energy storage system (BESS) projects in Italy.

Read more: https://renewablesnow.com/news/cubico-forms-1-gw-italian-battery-jv-with-storaltil-847855/

-- Kyon gets approval for 50-MW German BESS project sold to Verbund

German energy storage developer Kyon Energy has obtained approval to develop a 50-MW/116-MWh storage facility in southwest Germany and sold the project to Austrian utility Verbund AG.

Read more: https://renewablesnow.com/news/kyon-gets-approval-for-50-mw-german-bess-project-sold-to-verbund-847876/

-- Nautilus buys 12.7 MW of community solar projects in New York

US community solar company Nautilus Solar Energy LLC has expanded its footprint by acquiring a 12.7-MW portfolio of community solar projects in the state of New York from SolAmerica Energy LLC.

Read more: https://renewablesnow.com/news/nautilus-buys-127-mw-of-community-solar-projects-in-new-york-847939/

-- Air Liquide, TotalEnergies plan 100+ H2 truck refuelling stations in Europe

French industrial gas supplier Air Liquide and local energy group TotalEnergies SE have set up a joint venture to deploy more than 100 hydrogen fueling stations for heavy-duty trucks on major European corridors over the next decade.

Read more: https://renewablesnow.com/news/air-liquide-totalenergies-plan-100-h2-truck-refuelling-stations-in-europe-848015/

-- Greece, Saudi Arabia advance plan for joint interconnection

Greece’s Independent Power Transmission Operator (IPTO/ADMIE), and its Saudi peer National Grid SA have established a joint venture (JV) to study the feasibility of building an electricity interconnection between the two countries.

Read more: https://renewablesnow.com/news/greece-saudi-arabia-advance-plan-for-joint-interconnection-848064/

-- Italy's ERG gets EC nod to join 317-MW solar, wind portfolio in US

Italian independent power producer ERG SpA has secured approval from the European Commission (EC) to acquire a majority stake in a 317-MW wind and solar farm portfolio in the United States in its first investment across the pond.

Read more: https://renewablesnow.com/news/italys-erg-gets-ec-nod-to-join-317-mw-solar-wind-portfolio-in-us-848087/

-- Belectric powers up 76.3 MWp of solar in Germany

Germany-based engineering, procurement and construction (EPC) firm Belectric has commissioned four solar power plants with a combined capacity of 76.3 MWp in Germany.

Read more: https://renewablesnow.com/news/belectric-powers-up-763-mwp-of-solar-in-germany-848121/

-- BayWa r.e. sells 17.5-MWp Dutch solar project to FP Lux

European fund manager FP Lux Group has acquired a 17.5-MWp solar farm project in the Dutch province of Utrecht from German renewables company BayWa r.e, the advisor to the group has announced.

Read more: https://renewablesnow.com/news/baywa-re-sells-175-mwp-dutch-solar-project-to-fp-lux-848141/

-- Inspired Evolution invests in solar provider Equator Energy

Investment advisory firm Inspired Evolution has joined the shareholder base of East Africa-focused commercial and industrial (C&I) solar provider Equator Energy Limited.

Read more: https://renewablesnow.com/news/inspired-evolution-invests-in-solar-provider-equator-energy-848183/

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