Weekly renewables M&A round-up (Jul 1-5)

Renewables Now covered M&A stories about Google, KKR, Severn Trent, and others this week. Below is the full list:

-- Northland wraps up sale of 130-MW solar farm in Mexico

Canadian power producer Northland Power Inc said it has finalised the divestment of its 130-MW La Lucha solar park in Mexico, which was commissioned about a year ago.

Read more: https://renewablesnow.com/news/northland-wraps-up-sale-of-130-mw-solar-farm-in-mexico-861920/

-- Google invests in BlackRock's Taiwanese solar developer NGP

Alphabet Inc’s Google LLC will invest in a green energy portfolio company of BlackRock Inc and secure the right to procure solar power from up to 300 MW of its assets in Taiwan.

Read more: https://renewablesnow.com/news/google-invests-in-blackrocks-taiwanese-solar-developer-ngp-861950/

-- Savion completes sale of 150-MW solar project in Illinois

Savion LLC, a Shell Plc portfolio company, announced that it has completed the sale of a 150-MW solar project in Illinois to Ameren Corporation’s electric and gas service arm in Missouri.

Read more: https://renewablesnow.com/news/savion-completes-sale-of-150-mw-solar-project-in-illinois-861951/

-- Colbun to acquire ILAP, add 239 MW to wind portfolio in Chile

Chilean utility Colbun SA has entered into an agreement to acquire a 100% stake in Inversiones Latin America Power SpA (ILAP) and take over its 239-MW operational wind farm portfolio in Chile.

Read more: https://renewablesnow.com/news/colbun-to-acquire-ilap-add-239-mw-to-wind-portfolio-in-chile-861974/

-- EDPR to dispose of 191-MW wind portfolio in Italy

EDP Renovaveis SA has signed a deal to sell its entire stake in a 191-MW wind portfolio in Italy to local renewables group PLT Energia.

Read more: https://renewablesnow.com/news/edpr-to-dispose-of-191-mw-wind-portfolio-in-italy-861988/

-- Cloudberry Clean Energy reshuffles Norwegian hydro portfolio

Norwegian renewable energy firm Cloudberry Clean Energy ASA announced two deals, which reshuffle the company’s interest in a portfolio of hydropower assets at home, including the sale of three stations and the acquisition of an additional stake in Forte Energy Norway AS.

Read more: https://renewablesnow.com/news/cloudberry-clean-energy-reshuffles-norwegian-hydro-portfolio-861996/

-- Nova Innovation, RSK form floating solar JV

Scottish tidal turbine developer Nova Innovation has teamed up with UK environmental, engineering and technical services company RSK Group to provide floating solar globally.

Read more: https://renewablesnow.com/news/nova-innovation-rsk-form-floating-solar-jv-861998/

-- EC okays KKR’s takeover of German renewables firm Encavis

The European Commission (EC) cleared unconditionally the acquisition by US private equity company KKR & Co Inc of sole control of German wind and solar parks operator Encavis AG.

Read more: https://renewablesnow.com/news/ec-okays-kkrs-takeover-of-german-renewables-firm-encavis-862175/

-- Qualitas buys rights to 56.7-MW wind project in Germany

Spanish renewables investor Qualitas Energy has bought the rights to a greenfield wind project in northern Germany with a targeted capacity of 56.7 MW.

Read more: https://renewablesnow.com/news/qualitas-buys-rights-to-567-mw-wind-project-in-germany-862178/

-- Sonnedix nears 1 GW in Spain with 42-MW solar farm acquisition

Global renewables firm Sonnedix Power Holdings Ltd has finalised the acquisition of a 42-MW ground-mounted solar farm located in Toledo province, central Spain, inching towards its goal of reaching over 1 GW in the Spanish market by the end of 2024.

Read more: https://renewablesnow.com/news/sonnedix-nears-1-gw-in-spain-with-42-mw-solar-farm-acquisition-862204/

-- Spain's Grupo Greening sells 54.8-MW solar farm portfolio at home

Spanish clean energy solutions provider Grupo Greening 2022 SA has sold eight solar farms with an aggregate capacity of 54.78 MW in southern Spain, exceeding its humble asset rotation target for 2024.

Read more: https://renewablesnow.com/news/spains-grupo-greening-sells-548-mw-solar-farm-portfolio-at-home-862208/

-- Bosnia’s Lager takes majority stake in 300-MW Serbian wind project

Bosnian building materials group Lager doo has bought an 85% stake in the company behind a 300-MW wind farm project in Serbia, according to an official filing with the Serbian Business Registers Agency.

Read more: https://renewablesnow.com/news/bosnias-lager-takes-majority-stake-in-300-mw-serbian-wind-project-862212/

-- Aether raises USD-34m to advance sustainable fuels tech

Aether Fuels has raised USD 34 million in Series A financing, which will help it accelerate the scale-up of its technology to make sustainable fuels for the aviation and ocean shipping industries.

Read more: https://renewablesnow.com/news/aether-raises-usd-34m-to-advance-sustainable-fuels-tech-862218/

-- Archer expands energy services with takeover of Moreld Ocean Wind

Norwegian oil services company Archer Ltd announced the acquisition of Moreld Ocean Wind AS (MOW), an independent technology, product and solutions provider for the floating offshore wind industry.

Read more: https://renewablesnow.com/news/archer-expands-energy-services-with-takeover-of-moreld-ocean-wind-862226/

-- Solar steam company GlassPoint attracts new backer to advance growth

US solar steam projects developer GlassPoint has secured USD 2.5 million in fresh capital from a new investor, German venture capital firm MIG Capital.

Read more: https://renewablesnow.com/news/solar-steam-company-glasspoint-attracts-new-backer-to-advance-growth-862230/

-- Patria, Invenergy acquire 600-MW wind portfolio in Brazil

US clean energy developer Invenergy and Brazilian investment manager Patria Investimentos have jointly acquired a roughly 600-MW wind power portfolio in Brazil from ContourGlobal and power distributor Eletrobras.

Read more: https://renewablesnow.com/news/patria-invenergy-acquire-600-mw-wind-portfolio-in-brazil-862245/

-- Capital Dynamics snaps up 317-MWp Spanish solar portfolio

Global private asset manager Capital Dynamics said it has acquired a roughly 317-MWp portfolio of solar projects in Spain and secured a power off-take deal for their output.

Read more: https://renewablesnow.com/news/capital-dynamics-snaps-up-317-mwp-spanish-solar-portfolio-862379/

-- Zanskar snaps up Lightning Dock geothermal plant in New Mexico

US AI-powered geothermal discovery start-up Zanskar Geothermal & Minerals announced the acquisition of Lightning Dock Geothermal, including the 14-MWe Bruce Levy geothermal power plant in New Mexico, from domestic peer Cyrq Energy LLC.

Read more: https://renewablesnow.com/news/zanskar-snaps-up-lightning-dock-geothermal-plant-in-new-mexico-862384/

-- Brazilian regulator okays Auren's merger with AES Brasil

Brazil's competition regulator CADE has given the green light to the planned merger between Auren Energia SA and AES Brasil Energia SA, a transaction that is expected to create a renewable energy platform with 8.8 GW of assets.

Read more: https://renewablesnow.com/news/brazilian-regulator-okays-aurens-merger-with-aes-brasil-862392/

-- Power producer Alpiq decides to shed rooftop solar assets

Swiss power producer and energy service provider Alpiq has decided to exit the rooftop photovoltaic (PV) business to focus on its core operations and has agreed to sell its 5.5-MWp portfolio of seven rooftop installations at home.

Read more: https://renewablesnow.com/news/power-producer-alpiq-decides-to-shed-rooftop-solar-assets-862396/

-- Merger target Maersk Supply Service carves out offshore installation ops

Maersk Supply Service A/S, part of Denmark’s AP Moller Group, announced the creation of Maersk Offshore Wind, a spin-off that will provide installation services to the offshore wind market based on the Maersk Wind Installation Vessel (Maersk WIV) concept.

Read more: https://renewablesnow.com/news/merger-target-maersk-supply-service-carves-out-offshore-installation-ops-862399/

-- Solar thermal firm TIGI attracts Eren as investors, project partner

Israel-based TIGI announced that it has attracted renewable energy producer Eren Groupe as an equity backer of the business as well as as a partner in the creation of a renewable heat project platform.

Read more: https://renewablesnow.com/news/solar-thermal-firm-tigi-attracts-eren-as-investors-project-partner-862503/

-- Corre Energy, SemperPower set up 320-MW Dutch battery JV

Dutch energy storage developer Corre Energy and its compatriot SemperPower have formed a joint venture (JV) to develop a 320-MW/640-MWh battery energy storage system (BESS) project in their home country.

Read more: https://renewablesnow.com/news/corre-energy-semperpower-set-up-320-mw-dutch-battery-jv-862592/

-- Severn Trent buying rights to British solar project trio from Elgin

British renewable energy and waste recycling company Severn Trent Green Power unveiled plans to build three large-scale solar parks in England an effort to boost its green power generation.

Read more: https://renewablesnow.com/news/severn-trent-buying-rights-to-british-solar-project-trio-from-elgin-862594/

-- SBM Offshore, Technip Energies launch floating wind JV

Dutch company SBM Offshore NV and France's Technip Energies NV have formally set up their floating offshore wind joint venture (JV), the two said.

Read more: https://renewablesnow.com/news/sbm-offshore-technip-energies-launch-floating-wind-jv-862600/

-- Altarea acquires French rooftop solar developer Prejeance from Repsol

French real estate investor Altarea SCA said it has finalised the acquisition of Prejeance Industrial, a developer of rooftop solar projects in France, from Spanish energy group Repsol SA.

Read more: https://renewablesnow.com/news/altarea-acquires-french-rooftop-solar-developer-prejeance-from-repsol-862601/

-- Obton, GSSG Solar team up to buy 117-MW solar portfolio in Japan

Danish investor Obton has joined forces with developer GSSG Solar LLC and its affiliates through a new joint venture (JV) to acquire a 117-MW solar portfolio in Japan.

Read more: https://renewablesnow.com/news/obton-gssg-solar-team-up-to-buy-117-mw-solar-portfolio-in-japan-862612/

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