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

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Renewables Now covered M&A stories related to Infigen, Total SA, EDF and others over the past week. Below is the full list of deals:

-- Creditor raises concern about Sky Solar go-private offer

Hudson Sustainable Investments LLC, a US asset manager that is a creditor of Sky Solar Holdings Ltd (NASDAQ:SKYS), raised concerns about the possibility of the Hong Kong-based power producer accepting a recent go-private proposal.

-- Tokio Marine HCC closes buy of renewables underwriter GCube

Texas-based speciality insurer Tokio Marine HCC, part of the Tokio Marine Group, has finalised its takeover of specialist renewable energy underwriter GCube.

-- Glennmont offloads 39-MW biomass facility in England

London-based fund manager Glennmont Partners said it has closed the sale of a 39-MW combined heat and power facility in England to peer Greencoat Capital.

-- Sonnedix buys 4.6 MW of PV parks in Spain

Independent power producer (IPP) Sonnedix Power Holdings Ltd has acquired a 4.6-MW portfolio of fully operating solar photovoltaic (PV) parks in Spain, it announced.

-- D. E. Shaw buys 100-MW Utah solar project from Community Energy

D.E. Shaw Renewable Investments (DESRI) has acquired a 100-MW solar photovoltaic (PV) project in Utah that will be supplying electricity to Facebook Inc (NASDAQ:FB).

-- Opdenergy to sell majority stake in 144-MWp Mexican solar portfolio

Spanish renewables developer Opdenergy has agreed to sell an 80% stake in two Mexican solar plants with a combined capacity of 144 MWp to private investment firm Riverstone Holdings LLC.

-- UAC, AC Energy unveil USD-539m takeover bid for Australia's Infigen

A joint venture between UPC Renewables Australia and AC Energy Group has made an AUD-777-million takeover bid for Infigen Energy (ASX:IFN) after buying a 12.82% stake in the Aussie renewable power plants operator.

-- Romania's Electrica considering joint bid for CEZ assets with SAPE, Hidroelectrica

Romanian power supplier and distributor Electrica [BSE:EL] said it is exploring the possibility to bid for the local assets of Czech energy group CEZ in a potential tie-up with the Energy Shareholdings Administration Association (SAPE) and state-owned hydro power producer Hidroelectrica.

-- R.Power sells 122-MW Polish solar portfolio to ASI

Polish solar projects developer R.Power Group is selling a 122-MWp photovoltaic (PV) portfolio in Poland to asset manager Aberdeen Standard Investments (ASI) for an undisclosed sum.

-- India's ReNew Power looking to sell 300 MW of wind farms - report

Indian renewable power producer ReNew Power Ltd is nearing a INR-15-billion deal to sell a number of wind farms in Karnataka to Ayana Renewable, The Economic Times (ET) reports.

-- Carbon capture expert Climeworks raises CHF 73m in equity

Zurich-based Climeworks AG has raised CHF 73 million in equity in what it says is the largest private investment into direct air capture to date.

-- Enercon sheds majority stake in 253-MW wind project in Sweden

German wind turbine maker Enercon GmbH has sold a majority stake in the 252.7-MW Markbygden Phase II wind farm project in Sweden, it said.

-- SSE awards Seagreen 1 contracts as Total buys project stake

SSE Renewables announced the final investment decision (FID) for the roughly 1.1-GW Seagreen 1 offshore wind development in Scottish waters along with a number of related deals and contracts such as Total SA’s (EPA:FP) purchase of a majority stake in the project.

-- EDF buys stake in 502-MW Chinese offshore wind duo

French utility EDF (EPA:EDF) has acquired a stake in 502 MW of Chinese offshore wind by forming a joint venture (JV) with China Energy Investment Corp (CEI).

-- ReneSola sheds 10.4 MW of community solar in Minnesota

Solar project developer ReneSola (NYSE:SOL) said it has offloaded 10.4 MW of community solar projects in Minnesota to Nautilus Solar Energy LLC.

-- LanzaTech creates jet fuel company

Next-generation fuels producer LanzaTech announced the launch of LanzaJet Inc, a company that will make sustainable aviation fuel (SAF), with the help of investors from Canada and Japan.

-- Cubico buys, refinances 24.65-MW onshore wind farms in Greece

Cubico Sustainable Investments (Cubico) said that it has acquired a company that owns three operational onshore wind farms totalling 24.65 MW of capacity in Greece.

-- Walney Extension inks deal for sale of transmission assets

Walney Extension Limited, which owns the 659-MW Walney Extension wind farm in the Irish Sea, said it has inked a deal as part of which transmission assets worth GBP 447 million will be sold to Diamond Transmission Partners Walney Extension.

-- US Solar Fund closes purchase of 61-MW solar portfolio in Oregon

US Solar Fund Plc (LON:USF) announced that has finalised the acquisition of four near-complete solar parks totalling some 61 MW of direct current (DC) capacity in the US state of Oregon.

-- Infigen advises shareholders not to respond to UPC, AC takeover bid

Australia’s Infigen Energy (ASX:IFN) has advised its shareholders to take no action regarding the AUD-777-million takeover bid launched by UPC Renewables Australia and AC Energy Group.

-- Valmont acquires majority share in Brazilian PV co Solbras

Engineered products and services provider Valmont Industries Inc (NYSE:VMI) announced it has bought a majority stake in Brazilian solar company Energia Solar do Brasil (Solbras).

-- Daqo New Energy plans listing of subsidiary on STAR Market

Chinese polysilicon maker Daqo New Energy Corp (NYSE:DQ) plans a listing of its principal operating subsidiary on the Shanghai Stock Exchange's Sci-Tech innovation board, also known as the STAR Market, in the next two years.

-- Windlab shareholders back takeover

Australian wind farm development and management firm Windlab Ltd (ASX:WND) said that 99.61% of its shareholders have supported a takeover by investment vehicle Wind Acquisition 1 Pty Ltd and Squadron Wind Energy Development Pty Ltd.

-- Omnes Capital's renewables fund invests in 2 German, Spanish solar players

Omnes Capital has invested in Germany's ILOSNew Energy and Spain's Prosolia Energy through its Capenergie 4 fund, dedicated to renewable energy, the Paris-based private equity firm said.