Weekly renewables M&A round-up (July 31-Aug 4)

Renewables Now covered M&A stories about Enel, Abengoa, Allianz, Maersk and others in the past week. Below is the full list:

-- UK's Aviva buys 35% of Italian renewables platform Innovo

British asset manager Aviva Investors has agreed to acquire a 35% stake in Italian renewables developer and installer Innovo Renewables SpA for an undisclosed sum.

Read more: https://renewablesnow.com/news/uks-aviva-buys-35-of-italian-renewables-platform-innovo-829778/

-- Eni close to selling stake in renewables unit Plenitude - report

Italian oil and gas major Eni SpA may soon enter into an agreement to sell a portion of its renewables arm Plenitude in a deal which could value the entire business at less than EUR 8 billion, including debt, Reuters reported.

Read more: https://renewablesnow.com/news/eni-close-to-selling-stake-in-renewables-unit-plenitude-report-829786/

-- Iberdrola acquires 50 MW of wind parks from Greenvolt in Poland

Spanish utility Iberdrola SA has completed the acquisition of two wind parks in Poland with a combined capacity of 50 MW from Portuguese renewables company Greenvolt - Energias Renovaveis SA.

Read more: https://renewablesnow.com/news/iberdrola-acquires-50-mw-of-wind-parks-from-greenvolt-in-poland-829787/

-- EV charging platform ev.energy raises USD 33m

Electric vehicle (EV) managed charging software firm ev.energy has raised USD 33 million in a Series B financing round led by US venture investment firm National Grid Partners (NGP) in a drive to expand its global operations and attract new customers.

Read more: https://renewablesnow.com/news/ev-charging-platform-evenergy-raises-usd-33m-829808/

-- RP Global sells 103 MW of Polish wind farms to Engie

European renewable energy developer RP Global and infrastructure fund manager Marguerite are selling two wind farms with a combined capacity of 103 MW in Poland to Engie Zielona Energia, the local green energy unit of French utility Engie SA.

Read more: https://renewablesnow.com/news/rp-global-sells-103-mw-of-polish-wind-farms-to-engie-829809/

-- Spain's Capital Energy selling over 1.5 GW of wind projects - report

Spanish renewables developer Capital Energy is putting on sale over 1,500 MW of wind power projects in advanced stages of development in Spain, news agency Europa Press reported citing market sources.

Read more: https://renewablesnow.com/news/spains-capital-energy-selling-over-15-gw-of-wind-projects-report-829817/

-- Virya takes control of Constant Energy in Southeast Asia

Belgian holding company Virya Energy NV said it has advanced its strategy to grow its global presence in renewables by taking a majority stake in Southeast Asian solar developer and independent power producer (IPP) Constant Energy.

Read more: https://renewablesnow.com/news/virya-takes-control-of-constant-energy-in-southeast-asia-829821/

-- MET buys 11.5-MWp German solar project from Emeren

Swiss-based energy company MET Group has acquired a 11.5-MWp solar project in Germany from solar project developer Emeren Group, formerly ReneSola, the companies announced separately.

Read more: https://renewablesnow.com/news/met-buys-115-mwp-german-solar-project-from-emeren-829844/

-- Mytilineos sells 211-MW Romanian solar portfolio to Helleniq Energy

Greek industrial group Mytilineos SA has agreed to sell a 211-MW solar portfolio it is developing in Romania to compatriot energy group Helleniq Energy, formerly Hellenic Petroleum, the companies said.

Read more: https://renewablesnow.com/news/mytilineos-sells-211-mw-romanian-solar-portfolio-to-helleniq-energy-829881/

-- Desjardins to co-own 247 MW of wind farms in Alberta with EDF

Canadian financial services cooperative Desjardins Group has wrapped up the acquisition of EDF Renewables Canada Inc’s 37.5% stake in a 247-MW portfolio of wind parks in Alberta, Canada.

Read more: https://renewablesnow.com/news/desjardins-to-co-own-247-mw-of-wind-farms-in-alberta-with-edf-829897/

-- Enel Green Power Romania powers up 63-MW solar park

Enel Green Power Romania announced the commissioning of its 63-MW Lumina photovoltaic (PV) park, located in Calugareni, Giurgiu County, in southern Romania.

Read more: https://renewablesnow.com/news/enel-green-power-romania-powers-up-63-mw-solar-park-829916/

-- Greencoat to acquire 50-MW wind farm in Spain, closes another buy

Irish renewable infrastructure company Greencoat Renewables Plc announced a deal to acquire a 50-MW wind farm in northwest Spain and the completion of the purchase of a solar site of the same capacity in the country.

Read more: https://renewablesnow.com/news/greencoat-to-acquire-50-mw-wind-farm-in-spain-closes-another-buy-829940/

-- Swiss Clariant assessing options for bioethanol production ops

Swiss speciality chemicals maker Clariant AG (VTX:CLN) said it is evaluating strategic options for its bioethanol production operations that revolve around the company’s sunliquid technology.

Read more: https://renewablesnow.com/news/swiss-clariant-assessing-options-for-bioethanol-production-ops-829946/

-- Allianz to buy into Norwegian green ammonia firm Fuella

German insurer Allianz SE, through its investment arm, will take a minority stake in Norwegian green ammonia company Fuella AS in a deal that will see it invest EUR 20 million to support the development of the target's project pipeline.

Read more: https://renewablesnow.com/news/allianz-to-buy-into-norwegian-green-ammonia-firm-fuella-829949/

-- Spain's Cox Energy formally takes over troubled Abengoa

Spanish solar power producer Cox Energy SAB de CV said it has finalised and notarised its acquisition of Seville-based infrastructure, renewable energy and water solutions multinational Abengoa, having secured the insolvent company and its assets in bankruptcy court proceedings in April this year.

Read more: https://renewablesnow.com/news/spains-cox-energy-formally-takes-over-troubled-abengoa-829982/

-- Spain's Ingeteam to sell renewables O&M service division to RES

Spanish electrical engineering company Ingeteam SA is selling its renewable service division to UK-based renewables group RES to focus on developing power conversion technologies.

Read more: https://renewablesnow.com/news/spains-ingeteam-to-sell-renewables-om-service-division-to-res-830042/

-- Solar steam company GlassPoint raises funds for expansion

US solar steam projects developer GlassPoint has raised USD 8 million in a Series A financing round led by newly-founded 300PPM, with the fresh funds to be used to expand its operations.

Read more: https://renewablesnow.com/news/solar-steam-company-glasspoint-raises-funds-for-expansion-830056/

-- Verdant Earth Technologies discusses SPAC deal worth GBP 125m

Australian biomass technologies firm Verdant Earth Technologies Limited is working on a GBP-125-million deal to list on the London Stock Exchange (LSE) through a merger with special purpose acquisition company (SPAC) Alteration Earth PLC.

Read more: https://renewablesnow.com/news/verdant-earth-technologies-discusses-spac-deal-worth-gbp-125m-830071/

-- Residential solar company Trinity Solar gets PE investment

Private equity firm TSG Consumer Partners has made an investment of an undisclosed amount in Trinity Solar, a US provider of residential solar, battery and electric vehicle (EV) charging solutions, the parties announced.

Read more: https://renewablesnow.com/news/residential-solar-company-trinity-solar-gets-pe-investment-830096/

-- Home energy storage firm Electriq Power wraps up SPAC merger

US home solar battery storage firm Electriq Power Inc announced the completion of its roughly USD-500-million deal to merge with special purpose acquisition company (SPAC) TLG Acquisition One Corp and its transformation into a publicly traded entity.

Read more: https://renewablesnow.com/news/home-energy-storage-firm-electriq-power-wraps-up-spac-merger-830183/

-- Alternus adds 64 MWp of solar projects to global portfolio

Ireland’s Alternus Energy Group Plc unveiled the acquisition of seven solar projects in the US and Spain with a combined capacity of 64 MWp.

Read more: https://renewablesnow.com/news/alternus-adds-64-mwp-of-solar-projects-to-global-portfolio-830196/

-- JUWI to sell 17.5-MW solar duo in Italy to A2A

The Italian subsidiary of German project developer JUWI Group has signed a deal to sell two yet-to-be-built solar parks in Italy totalling 17.5 MW to local multi-utility A2A SpA.

Read more: https://renewablesnow.com/news/juwi-to-sell-175-mw-solar-duo-in-italy-to-a2a-830224/

-- Fortum inches closer to takeover of Telge Energi

Finnish energy company Fortum Oyj has obtained approval from the European Commission (EC) for its SEK-450-million agreement to buy Swedish renewable electricity retailer Telge Energi AB.

Read more: https://renewablesnow.com/news/fortum-inches-closer-to-takeover-of-telge-energi-830267/

-- AB CarVal achieves USD-1.5bn final close for 2nd clean energy fund

US alternative investment manager AB CarVal announced it has held the final close for its second clean energy fund, raising USD 1.5 billion to make credit and hard-asset investments with a primary focus on North America and Europe.

Read more: https://renewablesnow.com/news/ab-carval-achieves-usd-15bn-final-close-for-2nd-clean-energy-fund-830272/

-- Siemens JV interested in Coro Energy’s Vietnam rooftop solar ops

UK-based and southeast Asia-focused Coro Energy Plc announced it has attracted an indicative funding proposal from Capton Energy concerning its Vietnamese rooftop solar projects.

Read more: https://renewablesnow.com/news/siemens-jv-interested-in-coro-energys-vietnam-rooftop-solar-ops-830279/

-- Matrix Renewables buys big stake in 200-MW Idaho solar project

Global renewable energy platform Matrix Renewables said it has acquired a controlling stake in the 200-MW/261-MWp Pleasant Valley Solar project in the US state of Idaho, securing interest in a fully contracted scheme.

Read more: https://renewablesnow.com/news/matrix-renewables-buys-big-stake-in-200-mw-idaho-solar-project-830281/

-- Acer to buy shares in Taiwanese LFP battery cells maker C-Life

Taiwanese computer hardware maker Acer Inc announced that it will invest in C-Life Technologies Inc, a lithium iron phosphate (LFP) battery cells manufacturer in Taiwan, in an effort to further expand into the energy storage market.

Read more: https://renewablesnow.com/news/acer-to-buy-shares-in-taiwanese-lfp-battery-cells-maker-c-life-830329/

-- EV infrastructure firm Charge buys Greenspeed Energy Solutions

US telecommunications and electric vehicle (EV) infrastructure company Charge Enterprises Inc has wrapped up a USD-15-million deal to acquire Greenspeed Energy Solutions LLC, a local provider of sustainable energy solutions including EV charging infrastructure, solar and energy storage.

https://renewablesnow.com/news/ev-infrastructure-firm-charge-buys-greenspeed-energy-solutions-830345/

-- Maersk to buy part of 545-MW wind farm in Egypt - report

The Egyptian government has given the green light to Danish shipping company AP Moeller Maersk A/S to acquire half of the 545-MW Zaafarana wind farm in Egypt’s Red Sea Governorate, daily Al-Mal News reports.

Read more: https://renewablesnow.com/news/maersk-to-buy-part-of-545-mw-wind-farm-in-egypt-report-830381/

-- Nautilus buys 28.7-MW portfolio of solar projects in Delaware

US community solar company Nautilus Solar Energy LLC has acquired a portfolio of six late-stage community solar projects in Delaware with a combined capacity of 28.7 MW DC from TurningPoint Energy.

Read more: https://renewablesnow.com/news/nautilus-buys-287-mw-portfolio-of-solar-projects-in-delaware-830437/

-- Bavaria seeks to take control of Uniper hydropower plants

The German federal state of Bavaria aims to transfer all 97 local hydropower plants of energy major Uniper SE to a state-owned operating company to take control of its energy supply and implement flood protection measures, Bavaria's minister of environment, Thorsten Glauber, said in a letter to the federal government.

Read more: https://renewablesnow.com/news/bavaria-seeks-to-take-control-of-uniper-hydropower-plants-830439/

-- MGA raises funds to start making thermal energy storage blocks

MGA Thermal, an Australian company developing thermal energy storage (TES) blocks for grid and industrial applications, has raised AUD 8.25 million in a financing round to advance the commissioning of its on-site production line.

Read more: https://renewablesnow.com/news/mga-raises-funds-to-start-making-thermal-energy-storage-blocks-830447/

-- Enel's generation unit in Peru wraps up merger by absorption

Enel Generacion Peru SAA, the power generation unit of Italian utility Enel SpA, has taken over renewables firm Enel Green Power Peru and its subsidiaries in a merger by absorption deal that resulted in a unified entity with an installed capacity of 1,839 MW.

Read more: https://renewablesnow.com/news/enels-generation-unit-in-peru-wraps-up-merger-by-absorption-830461/

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