Weekly renewables M&A round-up (June 10-14)

Renewables Now covered M&A stories about Naturgy, EDPR, Ameren, and others this week. Below is the full list:

-- Mercuria invests in US underground salt dome energy storage specialist

Independent energy and commodity group Mercuria has made an investment of an undisclosed size in US underground salt dome energy storage company Black Bayou Energy Hub LLC, it was announced.

Read more: https://renewablesnow.com/news/mercuria-invests-in-us-underground-salt-dome-energy-storage-specialist-860241/

-- Malaysian state launches Sarawak H2 Hub with JV creation

A hydrogen hub initiative in the Malaysian state of Sarawak, to be developed by a joint venture between SEDC Energy Sdn Bhd and Gentari Sdn Bhd, was launched by the Sarawak premier.

Read more: https://renewablesnow.com/news/malaysian-state-launches-sarawak-h2-hub-with-jv-creation-860266/

-- Engelhart to acquire renewables management services firm Trailstone

Global commodity trading company Engelhart Commodities Trading Partners has agreed to acquire Trailstone, a global energy trader and provider of renewable energy management services, from private equity fund Riverstone LLC.

Read more: https://renewablesnow.com/news/engelhart-to-acquire-renewables-management-services-firm-trailstone-860297/

-- Developer looking to sell GoSolar-to-X project portfolio in US

An unnamed company is inviting interested parties to bid for the purchase of a portfolio of two green hydrogen and ammonia production projects with a total electrolysis capacity of 137 MW and a separate solar-plus-storage development in the US.

Read more: https://renewablesnow.com/news/developer-looking-to-sell-gosolar-to-x-project-portfolio-in-us-860303/

-- UEM, Blueleaf ink deal for 500-MW solar hybrid project in Malaysia

Malaysia’s UEM Group Bhd has clinched a deal for the construction of a 500-MW hybrid solar park in its home country in partnership with renewables platform Blueleaf Energy and engineering firm ITRAMAS Corp Sdn Bhd.

Read more: https://renewablesnow.com/news/uem-blueleaf-ink-deal-for-500-mw-solar-hybrid-project-in-malaysia-860325/

-- ESB seeks nod to buy owner of 51.6-MW wind complex in Ireland

Irish state-owned energy company ESB has sealed a deal to purchase the owner of a 51.6-MW wind turbine complex in Ireland’s County Kerry and is seeking regulatory clearance for the move.

Read more: https://renewablesnow.com/news/esb-seeks-nod-to-buy-owner-of-516-mw-wind-complex-in-ireland-860340/

-- Redeux sells 450-MW US solar project trio to Pine Gate Renewables

Solar and storage project developer Redeux Energy Partners LLC has offloaded a 450-MW portfolio of utility-scale photovoltaic (PV) schemes in the US to sector player Pine Gate Renewables.

Read more: https://renewablesnow.com/news/redeux-sells-450-mw-us-solar-project-trio-to-pine-gate-renewables-860341/

-- TAQA drops plan to buy Naturgy shares as talks with Criteria end

Abu Dhabi National Energy Company PJSC (TAQA) will not be acquiring shares in Naturgy Energy Group SA, while Criteria Caixa SA will be looking for new options to support the Spanish utility.

Read more: https://renewablesnow.com/news/taqa-drops-plan-to-buy-naturgy-shares-as-talks-with-criteria-end-860367/

-- EDPR unit snaps up 20-MW community PV portfolio in Illinois

EDPR NA Distributed Generation LLC has acquired a 20-MW portfolio of community solar projects in Illinois from developer Renewable Properties LLC.

Read more: https://renewablesnow.com/news/edpr-unit-snaps-up-20-mw-community-pv-portfolio-in-illinois-860387/

-- Spain's Qualitas buys 36-MW wind repowering project in Germany

Spanish renewables investor Qualitas Energy said it has acquired a wind farm repowering project in the German state of Brandenburg offering a development potential of 36 MW.

Read more: https://renewablesnow.com/news/spains-qualitas-buys-36-mw-wind-repowering-project-in-germany-860415/

-- Itochu, Tokyo Century to jointly develop 467 MW of US wind, solar

Japanese trader Itochu Corp and leasing company Tokyo Century Corp plan to jointly develop US wind and solar power assets totalling 467 MW.

Read more: https://renewablesnow.com/news/itochu-tokyo-century-to-jointly-develop-467-mw-of-us-wind-solar-860436/

-- Technique Solaire buys 58 MWp of Dutch, Spanish solar projects

French independent renewable power producer Technique Solaire Group said it has acquired ten ready-to-build (RTB) solar photovoltaic projects in the Netherlands and Spain, adding a total of 58 MWp to its international pipeline, and announced some other news from those countries.

Read more: https://renewablesnow.com/news/technique-solaire-buys-58-mwp-of-dutch-spanish-solar-projects-860481/

-- Ameren Missouri cleared to buy 150-MW solar park in Illinois

Ameren Corporation’s electric and gas service arm in Missouri has received regulatory approval to expand its portfolio with the purchase of a 150-MW solar park currently being built in the state of Illinois.

Read more: https://renewablesnow.com/news/ameren-missouri-cleared-to-buy-150-mw-solar-park-in-illinois-860532/

-- R.Power buys into 21-MWp Portuguese solar portfolio

Poland’s R.Power Renewables announced it has acquired shares in certain firms holding the rights to 21.4 MWp of construction-ready solar photovoltaic (PV) projects in Portugal.

Read more: https://renewablesnow.com/news/rpower-buys-into-21-mwp-portuguese-solar-portfolio-860553/

-- EBRD, Golbeck set up 500 MWp solar JV in Ukraine

The European Bank for Reconstruction and Development (EBRD) and Germany’s Goldbeck Solar Investment have tied up to jointly add up to 500 MWp of photovoltaic (PV) capacity in Ukraine.

Read more: https://renewablesnow.com/news/ebrd-golbeck-set-up-500-mwp-solar-jv-in-ukraine-860566/

-- Liquid air energy storage specialist Highview Power raises GBP 300m

Highview Power has secured a GBP-300-million investment for the first commercial-scale liquid air energy storage (LAES) plant in the UK, it announced.

Read more: https://renewablesnow.com/news/liquid-air-energy-storage-specialist-highview-power-raises-gbp-300m-860598/

-- LichtBlick, Energisto set up energy storage JV in Germany

German renewable energy supplier LichtBlick SE and solar project developer Energisto eG have agreed to partner in the development of large-scale battery storage projects with the first permits for projects expected this year.

Read more: https://renewablesnow.com/news/lichtblick-energisto-set-up-energy-storage-jv-in-germany-860686/

-- Sodium-ion batteries maker UNIGRID raises USD 12m

UNIGRID Battery, a University of California, San Diego spin-off company, has successfully closed an oversubscribed, USD-12-million Series A funding round that should help it expand manufacturing and customer fulfillment capabilities.

Read more: https://renewablesnow.com/news/sodium-ion-batteries-maker-unigrid-raises-usd-12m-860690/

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