Weekly renewables M&A round-up (July 8-12)

Renewables Now covered M&A stories about Trafigura, Enagas, Brookfield, and others this week. Below is the full list:

-- MMA Offshore shareholders approve sale to Cyan Renewables

The shareholders of MMA Offshore Limited, an Australian provider of marine and subsea services to the offshore energy and wider maritime industries, have voted to approve its AUD-1.07-billion agreement to be acquired by a subsidiary of Singaporean offshore wind energy vessels operator Cyan Renewables.

Read more: https://renewablesnow.com/news/mma-offshore-shareholders-approve-sale-to-cyan-renewables-862761/

-- Dominion to buy Kitty Hawk North from Avangrid for USD 160m

Dominion Energy Inc is set to expand its gigawatts-scale Coastal Virginia Offshore Wind (CVOW) project with an agreement to acquire the nearby Kitty Hawk North offshore wind lease area in North Carolina from Avangrid Inc.

Read more: https://renewablesnow.com/news/dominion-to-buy-kitty-hawk-north-from-avangrid-for-usd-160m-862792/

-- Aslan Energy picks terrain for large green ammonia site in Mexico

Aslan Energy Capital announced that it has selected terrain in Mexico for a project to build a sizable solar-powered green hydrogen and green ammonia production facility.

Read more: https://renewablesnow.com/news/aslan-energy-picks-terrain-for-large-green-ammonia-site-in-mexico-862797/

-- Actis’ Levanta sets foot in Thailand with 139.4-MWp solar assets buy

Southeast Asia-focused Levanta Renewables, a portfolio company of UK investment firm Actis, has set foot in Thailand with the acquisition of a majority stake in a 139.4-MWp portfolio of 24 operational solar assets.

Read more: https://renewablesnow.com/news/actis-levanta-sets-foot-in-thailand-with-1394-mwp-solar-assets-buy-862817/

-- Aggreko snaps up US solar developer Infiniti Energy

UK-based power solutions provider Aggreko announced the acquisition of US solar power producer and project developer Infiniti Energy which has a portfolio of 34 MW of contracted solar parks in operation and ready-to-build projects.

Read more: https://renewablesnow.com/news/aggreko-snaps-up-us-solar-developer-infiniti-energy-862838/

-- Trafigura gets EU nod to buy some of Greenergy’s biofuel ops

The European Commission (EC) cleared without conditions Trafigura Group Pte Ltd’s agreement to acquire certain biofuel operations of British road fuels supplier and biodiesel producer Greenergy related primarily to the supply of biodiesel, ethanol and bioethanol.

Read more: https://renewablesnow.com/news/trafigura-gets-eu-nod-to-buy-some-of-greenergys-biofuel-ops-862842/

-- Emeren sells eight Spanish shovel-ready solar projects to CVE

US-based solar developer-operator Emeren Group Ltd said that it has sold a portfolio of ready-to-build solar projects in Spain with a combined capacity of 42 MWp to a local unit of French renewable energy company CVE.

Read more: https://renewablesnow.com/news/emeren-sells-eight-spanish-shovel-ready-solar-projects-to-cve-862871/

-- Ørsted becomes 100% owner of Sunrise Wind off New York

Danish clean energy company Ørsted A/S is now the full owner of the 924-MW Sunrise Wind offshore wind project off the coast of New York after completing the acquisition of the 50% share of New England utility Eversource Energy.

Read more: https://renewablesnow.com/news/rsted-becomes-100-owner-of-sunrise-wind-off-new-york-862958/

-- Encavis buys 95-MW solar project in Spain from BayWa r.e.

German wind and solar parks operator Encavis AG has bought a solar project under construction in the Spanish region of Andalucia with a targeted capacity of around 95 MW.

Read more: https://renewablesnow.com/news/encavis-buys-95-mw-solar-project-in-spain-from-baywa-re-862994/

-- UL Solutions snaps up German hydrogen testing firm TesTneT

US safety testing and inspection company UL Solutions Inc has acquired German hydrogen component testing firm TesTneT Engineering GmbH, bolstering its expertise in alternative fuels.

Read more: https://renewablesnow.com/news/ul-solutions-snaps-up-german-hydrogen-testing-firm-testnet-863047/

-- Enagas agrees USD-1.1bn Tallgrass exit to fund green H2 strategy

Spanish gas grid operator Enagas SA has struck a deal to sell its stake in US energy infrastructure company Tallgrass Energy to a unit of investment firm Blackstone in a push to secure capital to advance its green hydrogen plans.

Read more: https://renewablesnow.com/news/enagas-agrees-usd-11bn-tallgrass-exit-to-fund-green-h2-strategy-863116/

-- Nala Renewables enters Romania with 61-MWp solar project buy

Global renewables platform Nala Renewables said it is expanding into Romania with a deal to acquire a 61-MWp solar project in the western part of the country from Romanian renewable energy company Monsson.

Read more: https://renewablesnow.com/news/nala-renewables-enters-romania-with-61-mwp-solar-project-buy-863160/

-- Japan's Ichigo buys 24.39% stake in German renewables co GIGA.GREEN

Japanese real estate and renewables investor Ichigo Inc announced it has acquired a 24.39% stake in German renewable energy solutions provider GIGA.GREEN.

Read more: https://renewablesnow.com/news/japans-ichigo-buys-2439-stake-in-german-renewables-co-gigagreen-863167/

-- Germany's CEE Group buys 102.5-MWp solar project in Spain

German renewable energy asset manager CEE Group has acquired a 102.5-MWp solar photovoltaic project located in the region of Murcia, southeastern Spain.

Read more: https://renewablesnow.com/news/germanys-cee-group-buys-1025-mwp-solar-project-in-spain-863169/

-- Brookfield to take controlling stake in India's Leap Green

Brookfield Asset Management Ltd announced that it has signed definitive agreements to acquire a majority controlling stake in Indian renewables platform Leap Green Energy Pvt Ltd in a deal worth up to USD 550 million.

Read more: https://renewablesnow.com/news/brookfield-to-take-controlling-stake-in-indias-leap-green-863240/

-- Solar installer Freedom Forever buys Meraki assets to advance growth

US residential solar energy installer Freedom Forever has sealed a deal to take over the portfolio of assets of Meraki Solar and become the official subcontractor for the local peer’s new and existing customers.

Read more: https://renewablesnow.com/news/solar-installer-freedom-forever-buys-meraki-assets-to-advance-growth-863244/

-- CDPQ's Verene to buy 124-km transmission line in Brazil

Power transmission platform Verene Energia, owned by Canadian institutional investor Caisse de depot et placement du Quebec (CDPQ), has agreed to acquire a 124-kilometre (77mi) power transmission network that serves a renewable energy-rich zone in the northern Brazilian state of Para.

Read more: https://renewablesnow.com/news/cdpqs-verene-to-buy-124-km-transmission-line-in-brazil-863253/

-- Swiss Life Asset Managers buys P2X platform Vergia in Norway

Swiss Life Asset Managers said it has acquired Norwegian green energy transition platform Vergia, which, as its flagship project, is developing a green ammonia plant at the Eydehavn port in Arendal.

Read more: https://renewablesnow.com/news/swiss-life-asset-managers-buys-p2x-platform-vergia-in-norway-863266/

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