Weekly renewables M&A round-up (July 19-23)

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Renewables Now covered M&A stories about EDPR, Greenalia, Iberdrola, ArcelorMittal and others over the past week. Below is the full list:

-- Austria's Enery buys 71-MW solar PV portfolio in Czechia

Vienna-based renewable energy company Enery Development GmbH announced that it has acquired a 71-MW portfolio of operational solar farms in the Czech Republic from funds managed by CEE Equity Partners Ltd.

-- Green infra investor Generate closes USD-2bn equity raise

Sustainable infrastructure company Generate Capital Inc announced that it has raised USD 2 billion in corporate equity from both new and existing investors.

-- Falck completes majority buy in Italian electromechanical co SAET

Italy's Falck Renewables SpA (BIT:FKR) has finalised the acquisition of a 60% stake in Padua-based high-voltage electrical and energy storage systems company SAET SpA.

-- Portugal's Greenvolt targets solar engineering co Profit Energy

Portuguese renewables company Greenvolt – Energias Renovaveis SA intends to acquire Profit Energy, a domestic engineering company specialising in the development and design of renewable energy and energy efficiency projects.

-- EDPR enters UK onshore market with 544-MW wind, solar portfolio acquisition

Madrid-based renewables company EDP Renovaveis SA (ELI:EDPR) said that it has reached agreements to acquire a 544-MW wind and solar portfolio in the UK, a move that will enable it to enter the country's onshore market.

-- Battery storage cos gather USD 9.6bn of corp funding in H1 2021

Battery storage companies globally obtained USD 9.6 billion in first-half (H1) corporate funding, including venture capital (VC) funding, public market and debt financing, for a 13-fold increase year-on-year.

-- Recurrent Energy offloads 250 MW of solar projects in Texas

US renewables developer Recurrent Energy LLC has finalised the sale of a 328-MWp/250-MW bundle of two solar projects in Texas, due to be commissioned by September.

-- Japan's Renova to increase stake in 75-MW biomass plant

Japanese renewable power producer Renova Inc (TYO:9519) plans to exercise an option to acquire additional shares in the 75-MW Kanda biomass power plant, thus lifting its stake to 53.07% from 43.07%.

-- EDPR to sell Portuguese wind farms to Onex for EUR 530m

EDP Renovaveis SA (ELI:EDPR) announced it has agreed to sell a 100% equity stake in a 221-MW wind portfolio to Onex Renewables Sarl.

-- Cubico buys 48.5-MW Greek wind portfolio from Enora

London-based renewables investor Cubico Sustainable Investments said it has acquired a Greek company that owns a 48.5-MW portfolio of wind farms in Peloponnese.

-- Spain’s Greenalia buys 670-MWp Texas solar project, says it’s coming to America

Spanish group Greenalia SA (BME:GRN) has acquired a US renewable energy company holding a 670-MWp solar PV project in Texas to enter the US market, and announced plans to explore further acquisitions in the country.

-- Iberdrola acquires Sowitec Vietnam and its 550-MW pipeline

Spain’s Iberdrola SA (BME:IBE) announced that it has acquired the Vietnamese subsidiary of German renewables group Sowitec along with its 550-MW pipeline under development.

-- Ecotricity takeover offer for Good Energy official and still unwanted

UK green energy supplier Ecotricity has tabled a cash offer to buy all of Good Energy Group PLC (LON:GOOD), in which it already owns about 25.1%, for GBP 3.4 per share.

-- Avangrid Renewables, Primergy to jointly push 600-MW Nevada solar, storage portfolio

Avangrid Renewables LLC, a unit of US clean energy company Avangrid Inc (NYSE:AGR), said that it will continue its development work on a 600-MW solar and storage projects in Nevada after selling the portfolio to Primergy Solar LLC this spring.

-- ArcelorMittal invests in long-duration battery maker Form Energy

Luxembourg-based steel giant ArcelorMittal SA (AMS:MT) has invested USD 25 million in US energy storage specialist Form Energy and will potentially provide it with iron for its long-duration batteries.