Italy's Eni seeking to sell more of Plenitude's shares - report
Sep 16, 2024 10:10 CESTRenewables Now covered M&A stories about 3M, EDPR, Enel, Macquarie, and others this week. Below is the full list:
-- Qair takes controlling stake in British waste-to-energy project
French independent renewable power producer Qair has acquired a majority stake in Northacre Renewable Energy Limited, a British company behind an up to 24-MW waste-to-energy project in South West England.
Read more: https://renewablesnow.com/news/qair-takes-controlling-stake-in-british-waste-to-energy-project-863323/
-- Greek Metlen seeks buyers for GW-scale Aussie portfolio - report
Greece’s Metlen Energy & Metals, until recently known as Mytilineos Energy & Metals, has put up for sale its renewable energy generation and storage business in Australia, the Australian Financial Review reports.
Read more: https://renewablesnow.com/news/greek-metlen-seeks-buyers-for-gw-scale-aussie-portfolio-report-863365/
-- Romania's Electrica buys 57-MW solar project at home
Romanian utility Societatea Energetica Electrica SA, better known as Electrica, has acquired a domestic company holding the rights to a 57-MW solar project in the northwestern part of its home country.
Read more: https://renewablesnow.com/news/romanias-electrica-buys-57-mw-solar-project-at-home-863472/
-- Galileo acquires full ownership of Polish I&C solar provider
Pan-European renewables developer Galileo said it has secured full ownership of Pagra, a Polish provider of rooftop solar installations to industrial and commercial (I&C) customers, after acquiring the remaining 65% in the business.
Read more: https://renewablesnow.com/news/galileo-acquires-full-ownership-of-polish-ic-solar-provider-863473/
-- JinkoSolar to set up JV for 10-GW solar factory in Saudi Arabia
Chinese solar module manufacturer JinkoSolar Holding Co Ltd said it is forming a joint venture in Saudi Arabia to establish a factory that will produce 10 GW of solar cells and modules.
Read more: https://renewablesnow.com/news/jinkosolar-to-set-up-jv-for-10-gw-solar-factory-in-saudi-arabia-863555/
-- Saudi Arabia’s PIF signs JVs for 30 GW solar, 4 GW wind manufacturing
Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, announced joint venture agreements with a trio of Chinese companies aimed at localising the manufacturing of solar and wind power equipment in Saudi Arabia.
Read more: https://renewablesnow.com/news/saudi-arabias-pif-signs-jvs-for-30-gw-solar-4-gw-wind-manufacturing-863601/
-- Elio, Redelfi launch 2.4-GW battery storage platform in US
US renewables developer Elio Energy Group LLC and Italian energy and digital transition promoter Redelfi SpA have set up a new platform aiming to develop up to 2.4 GW of battery storage projects across the US.
Read more: https://renewablesnow.com/news/elio-redelfi-launch-24-gw-battery-storage-platform-in-us-863604/
-- Global corp solar funding slips to USD 16.6bn in H1 2024
Total corporate funding in the global solar sector, including venture capital (VC), public market and debt financing deals, came at USD 16.6 billion in the first half of 2024, registering a 10% year-on-year drop.
Read more: https://renewablesnow.com/news/global-corp-solar-funding-slips-to-usd-166bn-in-h1-2024-863619/
-- Cox Energy to acquire 51% of 50-MW CSP tower plant in S Africa
Spanish-Mexican green power company Cox Energy SAB de CV announced an agreement to acquire a 51% stake in the 50-MW Khi Solar One concentrated solar power (CSP) plant in South Africa.
Read more: https://renewablesnow.com/news/cox-energy-to-acquire-51-of-50-mw-csp-tower-plant-in-s-africa-863623/
-- 3M invests in PEM electrolysers maker Ohmium
American multinational conglomerate 3M Company said that it has made a strategic investment of an undisclosed size in US-based electrolyser supplier Ohmium International.
Read more: https://renewablesnow.com/news/3m-invests-in-pem-electrolysers-maker-ohmium-863650/
-- Green energy marketplace LevelTen raises USD 65m
Power purchase agreement (PPA) marketplace LevelTen Energy has raised USD 65 million in a Series D funding round to support the growth of its platform and the company’s expansion into new markets.
Read more: https://renewablesnow.com/news/green-energy-marketplace-levelten-raises-usd-65m-863678/
-- Cloverleaf raises USD 300m to develop clean-powered data centres
Private equity firms NGP and Sandbrook Capital have jointly injected more than USD 300 million into Cloverleaf Infrastructure, a US company developing clean-powered data centre sites.
Read more: https://renewablesnow.com/news/cloverleaf-raises-usd-300m-to-develop-clean-powered-data-centres-863711/
-- EDPR completes sale of 191-MW wind portfolio in Italy
EDP Renovaveis SA announced it has completed the sale of a 191-MW wind portfolio in Italy to a unit of renewables group PLT Energia.
Read more: https://renewablesnow.com/news/edpr-completes-sale-of-191-mw-wind-portfolio-in-italy-863713/
-- Enel takes hold of 1-GW hybrid renewables project in Australia
Enel Green Power Australia (EGPA) has acquired a 1-GW hybrid project with solar photovoltaic (PV) and energy storage capacity in New South Wales from UK renewables group RES, the latter said.
Read more: https://renewablesnow.com/news/enel-takes-hold-of-1-gw-hybrid-renewables-project-in-australia-863716/
-- EIT InnoEnergy expands cash chest as new shareholders join
Three new investors have joined the shareholders of EIT InnoEnergy, enabling the EU sustainable energy investment company to scale up its activities.
Read more: https://renewablesnow.com/news/eit-innoenergy-expands-cash-chest-as-new-shareholders-join-863718/
-- Macquarie to become sole owner of 194-MW offshore wind duo in UK
Macquarie Asset Management intends to take full ownership of the 194-MW Lynn and Inner Dowsing offshore wind farms in England under a deal agreed with funds managed by US investment giant BlackRock Inc.
Read more: https://renewablesnow.com/news/macquarie-to-become-sole-owner-of-194-mw-offshore-wind-duo-in-uk-863724/
-- Octopus Renewables agrees sale of 48-MW Swedish wind farm
Octopus Renewables Infrastructure Trust plc has signed a conditional deal to offload a 48-MW wind farm in Sweden to an unnamed German institutional investor for roughly EUR 74 million.
Read more: https://renewablesnow.com/news/octopus-renewables-agrees-sale-of-48-mw-swedish-wind-farm-863744/
Italy's Eni seeking to sell more of Plenitude's shares - report
Sep 16, 2024 10:10 CESTWeekly renewables M&A round-up (Sep 9-13)
Sep 13, 2024 17:19 CESTBrookfield agrees to pour USD 1.1bn into Infinium's eFuels platform
Sep 10, 2024 15:27 CESTOCI sheds global methanol business for USD 2bn
Sep 09, 2024 18:21 CESTWeekly renewables M&A round-up (Sept 2-6)
Sep 06, 2024 17:52 CESTIberdrola secures FERC nod for USD-2.55bn buyout of Avangrid
Sep 06, 2024 8:55 CEST