Nacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTRenewables Now covered M&A stories related to Schottel, Innogy and Japan's Sumitomo over the past seven days. Below is the full list of deals:
-- Schottel merges tidal ops into SME, gets equity stake
Germany-based Schottel Group, a manufacturer of propulsion and steering systems for ships, has merged its tidal energy operations into Edinburgh-headquartered Sustainable Marine Energy Ltd (SME).
-- UKCI, Investec to channel USD 72.3m into African renewables
UK Climate Investments (UKCI) and asset manager Investec will pour some ZAR 1 billion in Revego Africa Energy Ltd, a renewables yieldco that will invest in operational renewable energy assets in sub-Saharan Africa.
-- New JV to build USD-100m renewables portfolio in Southeast Asia
A group of investors, among which is Singapore's WEnergy Global Pte Ltd, have formed a USD-60-million joint venture (JV) to finance and operate renewable energy projects in Southeast Asia.
-- Petronas eyeing majority stake in Indian PV installer Amplus - report
Petronas, Malaysia's leading marketer of oil and gas, is among the interested parties to buy a majority stake in Indian solar power producer Amplus Energy Solutions Pvt Ltd, the Mint reports, citing sources in the know.
-- Total corp funding in battery storage jumps 46% y/y in 2018
Battery storage companies have secured USD 1.3 billion in total corporate funding in 2018, including debt and public market financing, statistics by Mercom Capital Group LLC show.
-- RWE submits E.on-Innogy deal for EC clearance
German energy group RWE AG (ETR:RWE) said it has filed with the European Commission its planned acquisition of the renewable energy business of both E.on SE (ETR:EOAN) and Innogy SE (ETR:IGY).
-- Parkwind, ESB to kick-start 830 MW of Irish offshore wind partnership
Belgian offshore wind developer Parkwind NV and Irish utility ESB have agreed to collaborate on two offshore wind projects off the Irish coast, having a combined capacity of 830 MW.
-- Casa dos Ventos seeks energy, equity buyers for 450-MW wind project - report
Brazilian wind developer Casa dos Ventos is looking for parties interested in buying both a portion of the output and equity stakes in a 450-MW wind farm complex, a group executive told Reuters.
-- Minesto's 2 largest investors exercise all warrants
Swedish marine energy developer Minesto AB announced that its two largest shareholders have exercised all of their warrants held in the company.
-- Sunoco to get rid of New York ethanol plant in USD-20m deal
US motor fuel distributor Sunoco LP (NYSE:SUN) has signed a definitive deal to sell its ethanol plant and grain malting operation in New York for USD 20 million in cash.
-- Cubico to buy 580-MW US solar portfolio from Cypress Creek
London-based renewables investor Cubico Sustainable Investments has entered into an agreement to buy a 580-MW solar portfolio in the US from project developer Cypress Creek Renewables.
-- Sumitomo buys W Australia solar player Infinite Energy
Japan’s Sumitomo Corp (TYO:8053) announced the acquisition of Australian solar installer and electricity retailer Infinite Energy Holdings Pty Ltd in a deal that is supporting its expansion into the downstream electric power market.
-- Aldesa sells 50% stake in two Andalusian wind projects to Acciona
Spain’s Acciona SA (BME:ANA) has finalised the purchase of the 50% stake held by its partner Aldesa in two jointly-owned wind assets in Andalusia, Spanish media reported.
-- TIU Canada buys 32 MW of additional solar projects in Ukraine
TIU Canada Ltd has signed a definitive deal to buy two greenfield solar projects in Ukraine totalling 32.4 MW in direct currect (DC) capacity, it announced.
-- Air Liquide buys USD-20m stake in Canadian hydrogen fuel cells maker
A subsidiary of France’s Air Liquide SA (EPA:AI) has paid USD 20.5 million to buy a roughly 18.6% stake in Canadian hydrogen-based fuel cell modules maker Hydrogenics Corporation (NASDAQ:HYGS).
-- SDG Investment pours USD 5.7m into Ukrainian solar project
Denmark’s SDG Investment Fund has invested DKK 37 million in a 19.1-MW photovoltaic (PV) project in Ukraine, developed by domestic solar power producer Better Energy A/S.
Nacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
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