Weekly renewables M&A round-up (Jan 9-13)

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

-- Torrent Power eager to buy 1.1 GW of wind, solar from ReNew - report

Indian power producer Torrent Power is keen on buying a 1.1-GW portfolio of wind and solar projects from compatriot ReNew Energy Global Plc (NASDAQ:RNW), the Mint reported last week.

Read more: https://renewablesnow.com/news/torrent-power-eager-to-buy-11-gw-of-wind-solar-from-renew-report-810604/

-- OX2 buys 152 MW of late-stage solar projects in Spain

Swedish renewables developer OX2 AB (STO:OX2) said on Monday that it has signed an agreement to acquire a 152-MW portfolio with six solar power projects in Spain.

Read more: https://renewablesnow.com/news/ox2-buys-152-mw-of-late-stage-solar-projects-in-spain-810614/

-- Energy trader CCI invests in Dutch storage specialist S4 Energy

Global energy trader Castleton Commodities International LLC (CCI) has, through a subsidiary, bought a majority stake in Netherlands-based energy storage company S4 Energy BV.

Read more: https://renewablesnow.com/news/energy-trader-cci-invests-in-dutch-storage-specialist-s4-energy-810623/

-- Raven SR, Chevron, Hyzon to deliver waste-to-hydrogen plant in California

Raven SR Inc, Chevron Corp (NYSE:CVX) and Hyzon Motors Inc (NASDAQ:HYZN) are partnering to deliver a waste-to-hydrogen production facility in Richmond, California that will supply mobility markets in Northern California, according to an announcement today.

Read more: https://renewablesnow.com/news/raven-sr-chevron-hyzon-to-deliver-waste-to-hydrogen-plant-in-california-810701/

-- ILI Group offers for sale 300 MW of shovel-ready UK battery projects

British energy storage developer Intelligent Land Investments Group, or ILI Group, is looking to sell a 300-MW portfolio of ready-to-build battery storage development sites spread across Scotland.

Read more: https://renewablesnow.com/news/ili-group-offers-for-sale-300-mw-of-shovel-ready-uk-battery-projects-810702/

-- Britishvolt holds talks over selling majority stake

UK battery technology company Britishvolt on Monday said it is in talks with a consortium of investors about a potential sale of a majority stake in the company.

Read more: https://renewablesnow.com/news/britishvolt-holds-talks-over-selling-majority-stake-810752/

-- GIG sheds 170 MW of Nordic wind farms to Vauban

Macquarie Asset Management’s Green Investment Group has divested a 170-MW Nordic wind farm portfolio to Vauban Infrastructure Partners in a deal marking the European asset management firm's first investment in the wind power segment.

Read more: https://renewablesnow.com/news/gig-sheds-170-mw-of-nordic-wind-farms-to-vauban-810726/

-- ATCO snaps up Suncor renewables portfolio, enters PPA with Microsoft

Canadian Utilities Ltd (TSE:CU) last week wrapped up the acquisition of Suncor Energy Inc’s (TSE:SU) wind and solar assets of over 1.7 GW and announced a power off-take deal with Microsoft Corp (NASDAQ:MSFT) for one of the projects.

Read more: https://renewablesnow.com/news/atco-snaps-up-suncor-renewables-portfolio-enters-ppa-with-microsoft-810750/

-- Adani, Shell, Actis vying for KKR solar platform in India - report

More than 10 major energy sector players round off the list of companies willing to buy KKR & Co Inc’s (NYSE:KKR) Indian renewable energy platform Virescent and its 500-MWp-plus solar portfolio, The Economic Times reports.

Read more: https://renewablesnow.com/news/adani-shell-actis-vying-for-kkr-solar-platform-in-india-report-810747/

-- Shell buys rights to 500-MW/1,000-MWh battery project in NSW

Shell Plc (LON:SHEL) has bought the development rights to a 500-MW/1,000-MWh battery energy storage system (BESS) project to be sited within the former Wallerawang thermal coal power complex in New South Wales, Australia.

Read more: https://renewablesnow.com/news/shell-buys-rights-to-500-mw1000-mwh-battery-project-in-nsw-810783/

-- NextEnergy fund acquires 532 MW of solar and storage projects in Greece

NextPower III ESG, a private solar fund managed by London-based NextEnergy Capital, has forayed into the Greek market with the acquisition of 532 MW of solar and battery projects.

Read more: https://renewablesnow.com/news/nextenergy-fund-acquires-532-mw-of-solar-and-storage-projects-in-greece-810809/

-- Nautilus buys 54 MW of community solar projects in New York

US community solar company Nautilus Solar Energy LLC has agreed to acquire a 54-MW portfolio of nine solar projects in New York from developer Seaboard Solar Holdings LLC.

Read more: https://renewablesnow.com/news/nautilus-buys-54-mw-of-community-solar-projects-in-new-york-810877/

-- Enfinity closes 400-MW solar park acquisition from Capital Dynamics

Enfinity Global Inc has wrapped up the acquisition of a 400-MW portfolio of PPA-backed solar parks in the US from Swiss asset manager Capital Dynamics, the renewable energy and sustainability services company said on Tuesday.

Read more: https://renewablesnow.com/news/enfinity-closes-400-mw-solar-park-acquisition-from-capital-dynamics-810885/

-- Standard Solar snaps up 4.8-MW community solar project in Rhode Island

US-based Standard Solar Inc marked its latest inorganic investment in Rhode Island, acquiring a 4.9-MW community solar project in Richmond from its developer, Freepoint Solar LLC.

Read more: https://renewablesnow.com/news/standard-solar-snaps-up-48-mw-community-solar-project-in-rhode-island-810895/

-- Revolve sells 1.25 GW of US solar-plus-storage projects to Engie

Renewables developer Revolve Renewable Power Corp (CVE:REVV) has sold two solar-plus-storage projects in Arizona surpassing a gigawatt of combined potential capacity to a local subsidiary of French energy major Engie SA (EPA:ENGI).

Read more: https://renewablesnow.com/news/revolve-sells-125-gw-of-us-solar-plus-storage-projects-to-engie-810913/

-- Commerz Real buys 28.5-MW Finnish wind farm from Energiequelle

German investment manager Commerz Real AG has acquired a 28.5-MW wind farm in Finland from project developer Energiequelle GmbH.

Read more: https://renewablesnow.com/news/commerz-real-buys-285-mw-finnish-wind-farm-from-energiequelle-810909/

-- Hydrogen tech firm Hystar completes USD 26m Series B funding

Norwegian hydrogen technology company Hystar AS on Wednesday said it has closed a USD-26-million (EUR 24.2m) Series B funding round to help it move to commercial production with an automated gigawatt-scale plant by 2025.

Read more: https://renewablesnow.com/news/hydrogen-tech-firm-hystar-completes-usd-26m-series-b-funding-810924/

-- Enercity closes acquisition of 365-MW German wind portfolio

Hanover-based energy supplier Enercity AG has completed the takeover of a 365-MW portfolio of onshore wind farms in Germany and now has a total wind generation capacity of 712 MW.

Read more: https://renewablesnow.com/news/enercity-closes-acquisition-of-365-mw-german-wind-portfolio-811104/

-- Thyssengas buys RWE's gas pipeline for hydrogen transport

German transmission system operator Thyssengas GmbH has acquired a natural gas pipeline from RWE Generation SE at the German-Dutch border which is expected to play a central role in the development of a cross-border hydrogen transport infrastructure.

Read more: https://renewablesnow.com/news/thyssengas-buys-rwes-gas-pipeline-for-hydrogen-transport-811140/

-- Shell takes 35% of Oman's green hydrogen project GEO

Shell Plc (LON:SHEL) has acquired a 35% interest in the Green Energy Oman (GEO) project that envisages the production of green hydrogen in the Sultanate from 25 GW of solar and wind power.

Read more: https://renewablesnow.com/news/shell-takes-35-of-omans-green-hydrogen-project-geo-811081/

-- Investors line up to back 1.9-GW solar portfolio in Italy, Spain

Alternative asset management firm Alantra has launched a 1.9-GW solar investment platform in partnership with Spanish renewables developer Solarig and with the backing of French asset manager Amundi Energy Transition and Swiss infrastructure asset manager Reichmuth.

Read more: https://renewablesnow.com/news/investors-line-up-to-back-19-gw-solar-portfolio-in-italy-spain-811090/

-- VARO Energy to take control of Dutch biogas maker BEC

Switzerland-based oil refiner and supplier VARO Energy Group has landed a deal to acquire an 80% stake in Dutch biogas maker Bio Energy Coevorden BV (BEC) as part of its push to reach 1 TWh of biogas production annually by 2026.

Read more: https://renewablesnow.com/news/varo-energy-to-take-control-of-dutch-biogas-maker-bec-811166/

--First Solar offloads 141-MW solar park in Chile to Toesca

First Solar Inc (NASDAQ:FSLR) today on Thursday it has finalised the divestment of the 141-MW Luz del Norte solar photovoltaic (PV) park in Chile to local independent asset manager Toesca.

Read more: https://renewablesnow.com/news/first-solar-offloads-141-mw-solar-park-in-chile-to-toesca-811184/

-- Spain's Elawan sets foot in Italy with 71.6-MW solar acquisition

Spanish renewables developer Elawan Energy SL has stepped on the Italian market by acquiring a 71.6-MW portfolio of solar projects under construction in the country’s southern region of Apulia.

Read more: https://renewablesnow.com/news/spains-elawan-sets-foot-in-italy-with-716-mw-solar-acquisition-811194/

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