Weekly renewables M&A round-up (Jan 29-Feb 2)

Renewables Now covered M&A stories about EDPR, Qualitas Energy, Grenergy, Lightsource bp, and others this week. Below is the full list:

-- Corp funding for energy storage drops to USD 19bn in 2023

Corporate funding in the global energy storage segment came to USD 19 billion in 2023, marking a 28% year-on-year decline, according to the latest data by Mercom Capital Group.

Read more: https://renewablesnow.com/news/corp-funding-for-energy-storage-drops-to-usd-19bn-in-2023-846816/

-- Enapter, Wolong to form electrolysers JV in China

German electrolyser manufacturer Enapter AG has agreed to set up a joint venture with Chinese engine manufacturer Wolong Electric Group to produce anion exchange membrane (AEM) electrolysers in China.

Read more: https://renewablesnow.com/news/enapter-wolong-to-form-electrolysers-jv-in-china-846896/

-- PE firm to take majority stake in solar mounting firm Aerocompact

Private equity firm Trilantic Europe has sealed a deal to buy a stake of 60% in Austrian solar mounting solutions supplier Aerocompact Group, with the investment aimed at expanding the business internationally.

Read more: https://renewablesnow.com/news/pe-firm-to-take-majority-stake-in-solar-mounting-firm-aerocompact-846902/

-- EDPR adds 1.5 GW to renewables portfolio via Aussie purchase

EDP - Energias de Portugal SA announced that its majority-owned renewables arm is acquiring Australian sector player ITP Development (ITPD), adding over 1.5 GW of capacity to its portfolio.

Read more: https://renewablesnow.com/news/edpr-adds-15-gw-to-renewables-portfolio-via-aussie-purchase-846903/

-- Qualitas Energy to return to US market via Heelstone acquisition

Spanish renewables investor Qualitas Energy is set to return to the US market after agreeing to take over Heelstone Renewable Energy LLC, a local utility-scale renewables platform with a portfolio of 20 GW of solar and storage in different stages of development.

Read more: https://renewablesnow.com/news/qualitas-energy-to-return-to-us-market-via-heelstone-acquisition-846961/

-- CEE Group adds 80.9-MWp German solar project to portfolio

German renewable energy asset manager CEE Group has acquired an 80.9-MWp solar project in the northeastern state of Brandenburg from its developer Chint Solar.

Read more: https://renewablesnow.com/news/cee-group-adds-809-mwp-german-solar-project-to-portfolio-846999/

-- Grenergy cuts deals to sell 174 MW of solar, wind assets in Peru

Spanish renewables company Grenergy Renovables SA said it has struck two deals for the sale of 174 MW of its wind and solar power assets in Peru, continuing to shed certain holdings to fund growth plans.

Read more: https://renewablesnow.com/news/grenergy-cuts-deals-to-sell-174-mw-of-solar-wind-assets-in-peru-847004/

-- Downing buys 13.8-MWp residential solar portfolio in UK

London-based investment management firm Downing LLP has acquired a 13.8-MWp portfolio of solar PV residential installations spread across England and Wales.

Read more: https://renewablesnow.com/news/downing-buys-138-mwp-residential-solar-portfolio-in-uk-847046/

-- Lightsource bp to sell 294-MW solar portfolio in Italy to EOS IM

Solar developer Lightsource bp announced that it will sell a 294-MW project portfolio in Italy to EOS Investment Management Group (EOS IM) for an undisclosed amount.

Read more: https://renewablesnow.com/news/lightsource-bp-to-sell-294-mw-solar-portfolio-in-italy-to-eos-im-847180/

-- Cubico fattens Mexican renewables portfolio with deals for over 1.6 GW

UK-based renewables investor Cubico Sustainable Investments announced that it finalised two transactions in Mexico that enabled it to boost the size of its portfolio in the country to over 2.2 GW.

Read more: https://renewablesnow.com/news/cubico-fattens-mexican-renewables-portfolio-with-deals-for-over-16-gw-847269/

-- Altus Power snaps up 84-MW solar portfolio from Vitol

US solar developer Altus Power Inc has closed the acquisition of a roughly 84-MW portfolio of solar parks in the US Northeast from energy trader Vitol in a deal worth USD 118 million.

Read more: https://renewablesnow.com/news/altus-power-snaps-up-84-mw-solar-portfolio-from-vitol-847308/

-- Antin gets Spain's govt nod to acquire Opdenergy

France-based private equity firm Antin Infrastructure Partners SAS has secured the approval from the government of Spain to carry out its voluntary takeover of Spanish wind and solar developer Opdenergy Holding SA, Antin’s affiliate GCE BidCo said.

Read more: https://renewablesnow.com/news/antin-gets-spains-govt-nod-to-acquire-opdenergy-847363/

-- Aggreko adds another project to solar pipeline in Texas

UK-based power solutions provider Aggreko announced that it acquired a 13-MW behind-the-meter solar project site in Texas.

Read more: https://renewablesnow.com/news/aggreko-adds-another-project-to-solar-pipeline-in-texas-847406/

-- EDPR seeks exclusive control over wind parks construction business

EDP Renovaveis SA intends to take exclusive control over EDPR PT - Parques Eolicos SA (EDPR PE), a company specialising in the construction and operation of wind farms.

Read more: https://renewablesnow.com/news/edpr-seeks-exclusive-control-over-wind-parks-construction-business-847429/

-- Everfuel exits 20-MW hydrogen project in Norway

Danish hydrogen fuel company Everfuel A/S has decided to exit the Hydrogen Hub Agde project in Kristiansand, Norway, by transferring its stake to its partner, Greenstat AS, thus giving it full ownership.

Read more: https://renewablesnow.com/news/everfuel-exits-20-mw-hydrogen-project-in-norway-847459/

-- Chubu buys into 760-MW Dutch offshore wind project

Japanese utility Chubu Electric Power Co Inc will buy a 30% stake in the 760-MW Ecowende offshore wind project in the Netherlands, which is being developed by a joint venture between Shell Plc and Dutch utility Eneco.

Read more: https://renewablesnow.com/news/chubu-buys-into-760-mw-dutch-offshore-wind-project-847464/

-- Octopus Renewables buys 199-MW solar portfolio in Ireland

Octopus Renewables Infrastructure Trust plc said it has finalised the acquisition of four newly-built solar farms in Ireland with a combined capacity of 199 MW for EUR 160 million.

Read more: https://renewablesnow.com/news/octopus-renewables-buys-199-mw-solar-portfolio-in-ireland-847474/

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