Weekly renewables M&A round-up (Jan 16-20)

Renewables Now covered M&A stories about Iberdrola, Ørsted, PNE and others in the past week. Below is the full list:

-- Indian JV to install 250 MW/500 MWh of battery storage in Assam

Indian firms ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL) have joined forces to install up to 250 MW/500 MWh battery energy storage capacity in the northeastern state of Assam.

Read more: https://renewablesnow.com/news/indian-jv-to-install-250-mw500-mwh-of-battery-storage-in-assam-811326/

-- Energiekontor sells 19-MWp solar park in Brandenburg to CEE

German renewables developer and operator Energiekontor AG (ETR:EKT) announced on Monday it has offloaded a 19-MWp solar park in Germany’s Brandenburg state to domestic renewable energy asset manager CEE Group.

Read more: https://renewablesnow.com/news/energiekontor-sells-19-mwp-solar-park-in-brandenburg-to-cee-811344/

-- Enagas to buy 20% in Dutch-UK gas link included in H2 backbone plans

Spain’s gas grid operator Enagas SA (BME:ENG) said on Monday that it has reached an agreement with German energy group Uniper SE (ETR:UN01) to acquire its 20% stake in Dutch gas pipeline operator BBL Company.

Read more: https://renewablesnow.com/news/enagas-to-buy-20-in-dutch-uk-gas-link-included-in-h2-backbone-plans-811397/

-- Sonnedix buys 26 MW of operating solar in Spain

Global independent power producer (IPP) Sonnedix Power Holdings Ltd has finalised the acquisition of a portfolio with 26 MW of operational solar PV farms in Spain, the firm said on Monday.

Read more: https://renewablesnow.com/news/sonnedix-buys-26-mw-of-operating-solar-in-spain-811382/

-- Robotic wind service firm Aerones gets USD 30m of growth funding

Aerones, a Latvia-based company providing robot-enabled wind turbine maintenance and inspection, has raised USD 30 million (EUR 27.7m) in growth capital to help it serve a rapidly growing market, it said on Monday.

Read more: https://renewablesnow.com/news/robotic-wind-service-firm-aerones-gets-usd-30m-of-growth-funding-811432/

-- ThomasLloyd Energy closes buy of remaining stake in Indian solar platform

ThomasLloyd Energy Impact Trust plc (LON:TLEP) has completed the acquisition of the remaining 57% stake in Indian renewables platform SolarArise India Projects Pvt Ltd.

Read more: https://renewablesnow.com/news/thomaslloyd-energy-closes-buy-of-remaining-stake-in-indian-solar-platform-811470/

-- CIP joins Statkraft to develop 2.2 GW of Irish offshore wind

Copenhagen Infrastructure Partners P/S (CIP) has taken a 50% stake in Statkraft A/S’ offshore wind portfolio in Ireland which includes four early to mid-stage projects with an expected capacity of 2.2 GW, the companies announced today.

Read more: https://renewablesnow.com/news/cip-joins-statkraft-to-develop-22-gw-of-irish-offshore-wind-811485/

-- Conenergy bets on green hydrogen firm The Yellow SiC Group

German energy-focused consulting and services company Conenergy has invested in The Yellow SiC Group, a local start-up that develops technology for renewable hydrogen production even in less sunny regions.

Read more: https://renewablesnow.com/news/conenergy-bets-on-green-hydrogen-firm-the-yellow-sic-group-811504/

-- Iberdrola to sell 49% in 1,265-MW Spanish portfolio to Norges Bank

Spanish utility group Iberdrola SA (BME:IBE) said on Tuesday that it has signed an agreement to sell a 49% stake in its 1,265-MW wind and solar portfolio in Spain to Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund.

Read more: https://renewablesnow.com/news/iberdrola-to-sell-49-in-1265-mw-spanish-portfolio-to-norges-bank-811496/

-- Alpha Real Capital buys 37-MWp onshore wind bundle in UK

London-based real assets investor Alpha Real Capital LLP has acquired an onshore portfolio of wind turbines with a combined capacity of roughly 37 MWp in England and Scotland.

Read more: https://renewablesnow.com/news/alpha-real-capital-buys-37-mwp-onshore-wind-bundle-in-uk-811495/

-- Capital Dynamics sells 27.5-MW UK wind farm portfolio

Global private asset manager Capital Dynamics said on Tuesday that it has completed the exit of its third clean energy fund with the sale of a 27.5-MW onshore wind farm portfolio in the UK.

Read more: https://renewablesnow.com/news/capital-dynamics-sells-275-mw-uk-wind-farm-portfolio-811581/

-- Sol Systems buys 190-MW solar project in Texas

US company Sol Systems LLC has acquired a 190-MW solar development project in Texas from Madrid-based independent power producer (IPP) ABEI Energy.

Read more: https://renewablesnow.com/news/sol-systems-buys-190-mw-solar-project-in-texas-811601/

-- Cubico buys 1-GW solar project in Brazil

Renewables investor Cubico Sustainable Investments announced on Tuesday it has signed an agreement to purchase a 1-GW solar project in Brazil's northeast which is currently under development.

Read more: https://renewablesnow.com/news/cubico-buys-1-gw-solar-project-in-brazil-811635/

--Adani Green buys into owner of 750-MW solar farm in Rajasthan

India’s Adani Green Energy Ltd (BOM:541450) has agreed to acquire a 50% stake in a domestic company that owns and operates a 750-MW solar park in the state of Rajasthan.

Read more: https://renewablesnow.com/news/adani-green-buys-into-owner-of-750-mw-solar-farm-in-rajasthan-811649/

-- Zambia to get 2 GW of new solar under pact with UAE

Zambia and the United Arab Emirates (UAE) on Tuesday signed a memorandum of understanding (MoU) and a joint development agreement to build 2,000 MW of large-scale solar farms throughout the Southern African country, Zambia’s president Hakainde Hichilema said.

Read more: https://renewablesnow.com/news/zambia-to-get-2-gw-of-new-solar-under-pact-with-uae-811673/

-- Duke Energy acquires 175-MW solar project in Colorado

Duke Energy Sustainable Solutions (DESS), a non-regulated commercial brand of US utility Duke Energy (NYSE:DUK), has acquired a 175-MW solar project in Colorado from the Colorado-based US subsidiary of German solar developer Juwi.

Read more: https://renewablesnow.com/news/duke-energy-acquires-175-mw-solar-project-in-colorado-811728/

-- Ørsted to re-take PSEG's 25% stake in 1.1-GW Ocean Wind 1

Denmark’s Ørsted A/S (CPH:ORSTED) will buy back the 25% equity stake in the 1.1-GW Ocean Wind 1 project off New Jersey’s southern coast from Public Service Enterprise Group Inc (NYSE:PEG) nearly two years after closing the stake sale to the US energy holding.

Read more: https://renewablesnow.com/news/rsted-to-re-take-psegs-25-stake-in-11-gw-ocean-wind-1-811767/

-- Norfund invests in India’s renewables firm SAEL

Norway government's investment arm Norfund has agreed to make a NOK-600-million (USD 61.0m/EUR 56.3m) equity investment in India-based solar and agricultural waste-to-energy firm SAEL to support its push to expand its portfolio to 3 GW over the next five years.

Read more: https://renewablesnow.com/news/norfund-invests-in-indias-renewables-firm-sael-811756/

-- PNE joins Eolus on 1-GW offshore wind project in Latvia

Swedish renewables company Eolus Vind AB (STO:EOLU-B) and Germany’s PNE AG (ETR:PNE3) have teamed up in a joint venture (JV) to develop the 1-GW Kurzeme offshore wind project off Latvia.

Read more: https://renewablesnow.com/news/pne-joins-eolus-on-1-gw-offshore-wind-project-in-latvia-811794/

-- Nofar Energy eyes 1.5 GW of wind, solar acquisitions in Romania

Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) has acquired a 73-MWp solar project in Romania as part of a broader plan to take possession of 1.5 GW of wind and solar schemes in the Balkan country through 2023.

Read more: https://renewablesnow.com/news/nofar-energy-eyes-15-gw-of-wind-solar-acquisitions-in-romania-811773/

-- Lightsource bp sells 247-MW solar complex in Spain

Lightsource bp, the UK-based solar developer half-owned by BP Plc (LON:BP), has unveiled the sale of its 247-MW solar project in Aragon, Spain, a five-project cluster that has been in operation since 2021.

Read more: https://renewablesnow.com/news/lightsource-bp-sells-247-mw-solar-complex-in-spain-811797/

-- Green hydrogen plants maker APEX to go public in Frankfurt

German green hydrogen plants developer APEX is set to go public through a tie-up with investment holding company Exceet Group SCA (ETR:EXC) with the majority of the proceeds from the deal to go for the realisation of its project pipeline of more than 1.7 GW.

Read more: https://renewablesnow.com/news/green-hydrogen-plants-maker-apex-to-go-public-in-frankfurt-811895/

-- Romanian gas player Premier Energy pursues wind power investments

Romanian gas distribution network operator and supplier Premier Energy said on Thursday that it has wrapped up the acquisition of a wind farm project in Romania and plans a EUR-100-million-plus (USD 108.2m) investment in a greenfield wind power development in the country.

Read more: https://renewablesnow.com/news/romanian-gas-player-premier-energy-pursues-wind-power-investments-811866/

-- EuroEnergy buys 114-MW wind farm project in Croatia

Greek renewables platform EuroEnergy has acquired a 114-MW wind power project in Croatia in a move that will expand its presence in the Balkan region, its parent company Libra Group said on Thursday.

Read more: https://renewablesnow.com/news/euroenergy-buys-114-mw-wind-farm-project-in-croatia-811950/

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