Weekly renewables M&A round-up (June 12-16)

Renewables Now covered M&A stories about Iberdrola, Brookfield, Nucera, and others in the past week. Below is the full list:

--Japan's MOL, Toyo formalise deal to set up offshore wind JV

Japanese shipping company Mitsui OSK Lines Ltd (TYO:9104), or MOL, and compatriot Toyo Construction Co Ltd (TYO:1890) have struck a deal to set up a joint venture (JV) to develop projects in the offshore wind power sector.

Read more: https://renewablesnow.com/news/japans-mol-toyo-formalise-deal-to-set-up-offshore-wind-jv-825541/

-- Nucera to go public in Frankfurt before summer break

German industrial group Thyssenkrupp AG (ETR:TKA) today announced a plan to float its hydrogen subsidiary Nucera on the stock market in Frankfurt before the summer break, depending on the market environment.

Read more: https://renewablesnow.com/news/nucera-to-go-public-in-frankfurt-before-summer-break-825551/

-- Iberdrola signs binding deal for USD-6bn gas plants sale in Mexico

Spanish utility group Iberdrola SA (BME:IBE) has signed a binding deal for the planned USD-6-billion (EUR 5.62bn) sale of a portfolio of combined-cycle gas plants and a wind farm in Mexico to Mexico Infrastructure Partners (MIP).

Read more: https://renewablesnow.com/news/iberdrola-signs-binding-deal-for-usd-6bn-gas-plants-sale-in-mexico-825563/

-- PE firm Antin offers to take Opdenergy private for EUR 866m

Private equity firm Antin Infrastructure Partners has made a voluntary cash tender offer to acquire and delist Spanish renewable energy company Opdenergy Holding SA (BME:OPDE) for a total of EUR 866 million (USD 924.5m) in cash.

Read more: https://renewablesnow.com/news/pe-firm-antin-offers-to-take-opdenergy-private-for-eur-866m-825619/

-- Octopus acquires 11.4-MW wind project from RES in Germany

The generation arm of Britain’s Octopus Energy has acquired an 11.4-MW under-construction wind farm in Germany from the project developer RES, a UK-based global renewable energy company.

Read more: https://renewablesnow.com/news/octopus-acquires-114-mw-wind-project-from-res-in-germany-825606/

-- Partners Group to buy German biogas, biomethane platform

Swiss investment management company Partners Group (SWX:PGHN) has agreed to acquire a portfolio of 35 biogas plants and 10 biomethane production facilities across northeastern Germany with a total capacity of 60 MW.

Read more: https://renewablesnow.com/news/partners-group-to-buy-german-biogas-biomethane-platform-825676/

--Fiera, Palisade funds close buy of Amp US, now PureSky

Canadian clean energy platform Amp Solar Group Inc, or Amp Energy, said Monday it has completed the sale of its US community solar business Amp US Primary Holdings Inc to a consortium of funds managed by Fiera Infrastructure Inc, an affiliate of Fiera Capital Corp (TSE:FSZ), and Palisade Infrastructure Group.

Read more: https://renewablesnow.com/news/fiera-palisade-funds-close-buy-of-amp-us-now-puresky-825630/

-- Duke to sell Commercial Renewables business in USD-2.8bn deal

US utility Duke Energy Corp (NYSE:DUK) announced on Monday it has agreed to sell its unregulated utility-scale Commercial Renewables business to Brookfield Renewable (NYSE:BEP) in a deal with an enterprise value of USD 2.8 billion (EUR 2.59bn).

Read more: https://renewablesnow.com/news/duke-to-sell-commercial-renewables-business-in-usd-28bn-deal-825650/

-- Emeren unloads 29-MW rooftop DG solar portfolio in China

Photovoltaic (PV) project developer and operator Emeren Group (NYSE:SOL), former ReneSola Ltd, has agreed to offload a 29-MW portfolio of rooftop distributed generation (DG) solar projects in China’s Henan province.

Read more: https://renewablesnow.com/news/emeren-unloads-29-mw-rooftop-dg-solar-portfolio-in-china-825642/

--Siemens Energy to acquire the last of Siemens Gamesa shares

Wind turbine maker Siemens Gamesa said on Tuesday that its minority shareholders have approved a capital reduction for the 2.21% of shares not yet held by German parent Siemens Energy AG (ETR:ENR).

Read more: https://renewablesnow.com/news/siemens-energy-to-acquire-the-last-of-siemens-gamesa-shares-825743/

-- Ammonia-to-power start-up Amogy rounds up Series B to USD 150m

Amogy Inc, a US strat-up developing ammonia power solutions aimed at decarbonising heavy-duty transport, has raised USD 11 million (EUR 10.2m) of additional capital bringing its Series B fundraising to USD 150 million.

Read more: https://renewablesnow.com/news/ammonia-to-power-start-up-amogy-rounds-up-series-b-to-usd-150m-825709/

-- Acciona group JV buys big stake in Catalan clean energy solutions firm

Spanish renewables pure-player Acciona Energia (BME:ANE) said that it has acquired a majority stake in Catalonia-based business Solideo, which specialises in solar self-consumption and energy efficiency solutions for residential customers and small and medium-sized enterprises (SMEs).

Read more: https://renewablesnow.com/news/acciona-group-jv-buys-big-stake-in-catalan-clean-energy-solutions-firm-825865/

-- Elecnor fails to sell minority stake in renewables biz, offers control

Spanish infrastructure builder Elecnor SA (BME:ENO) has given up on looking for a minority partner for its renewables unit Enerfin and will now start the search for an investor that will acquire a controlling stake in the 1,552-MW strong business.

Read more: https://renewablesnow.com/news/elecnor-fails-to-sell-minority-stake-in-renewables-biz-offers-control-825765/

-- EBRD takes minority stake in Estonian renewables developer Sunly

The European Bank for Reconstruction and Development (EBRD) on Tuesday said it will acquire a minority stake in Estonian renewable energy producer Sunly AS through an equity investment of EUR 30 million (USD 32.4m).

Read more: https://renewablesnow.com/news/ebrd-takes-minority-stake-in-estonian-renewables-developer-sunly-825780/

-- Pacific Green to sell 99-MW battery project in England

Pacific Green Technologies Inc (OTCMKTS:PGTK) on Tuesday announced a deal to offload a 99-MW battery energy storage system (BESS) that is due to be energised in England later this year.

Read more: https://renewablesnow.com/news/pacific-green-to-sell-99-mw-battery-project-in-england-825776/

-- CIP buys into CWP's green hydrogen development portfolio

Copenhagen Infrastructure Partners (CIP) has recently completed a strategic investment in CWP Global’s development portfolio of "ultra-large-scale" green hydrogen hubs across multiple regions.

Read more: https://renewablesnow.com/news/cip-buys-into-cwps-green-hydrogen-development-portfolio-825794/

-- Battery storage firm On.Energy closes USD 20m fund-raiser

US battery energy storage developer and independent power producer (IPP) On.Energy has closed a USD-20-million (EUR 18.5m) Series B financing round aimed at supporting the deployment of 300 MWh of energy storage systems in Texas.

Read more: https://renewablesnow.com/news/battery-storage-firm-onenergy-closes-usd-20m-fund-raiser-825820/

--Green Fox Energy bets on German renewables developer ON Energy

German green power producer Green FOX Energy GmbH (GFE) unveiled on Wednesday that it has taken a 50% stake in Dortmund-based solar and wind projects developer ON Energy GmbH, securing over 1.5 GWp through the transaction.

Read more: https://renewablesnow.com/news/green-fox-energy-bets-on-german-renewables-developer-on-energy-825799/

-- IKEA-owned investor to buy stake in 1.1-GW of Spanish solar from Bruc

Switzerland-based investor Interogo Holding, a non-furniture related business of the IKEA Group, has reached an agreement to acquire a 49% stake in a portfolio of 1,066 MW of solar power assets from Spanish renewables firm Bruc Energy, media in Spain reported on Wednesday.

Read more: https://renewablesnow.com/news/ikea-owned-investor-to-buy-stake-in-11-gw-of-spanish-solar-from-bruc-825827/

-- OMV invests EUR 34m in closed-loop geothermal company Eavor

Austrian oil and chemicals group OMV AG (VIE:OMV) has invested EUR 34 million (USD 36.3m) in Eavor Technologies Inc, the Canadian developer of a globally-scalable geothermal closed-loop technology, the two companies announced on Wednesday.

Read more: https://renewablesnow.com/news/omv-invests-eur-34m-in-closed-loop-geothermal-company-eavor-825878/

-- Eurowind takes control of French renewables JV Ventelys

Danish renewables group Eurowind Energy A/S said on Wednesday it has bought additional shares in France’s Ventelys Energies Partagees and has thus built a majority stake in the wind and solar company.

Read more: https://renewablesnow.com/news/eurowind-takes-control-of-french-renewables-jv-ventelys-825901/

-- Sicona Battery Technologies closes USD 15m fund-raiser

Australian battery materials developer Sicona Battery Technologies announced on Wednesday the closing of a AUD-22-million (USD 14.9m/EUR 13.8m) Series A financing round, securing capital to advance its commercial development plans at home and the US.

Read more: https://renewablesnow.com/news/sicona-battery-technologies-closes-usd-15m-fund-raiser-825936/

-- Nautilus buys 270-MW portfolio of early-stage community solar projects

US community solar company Nautilus Solar Energy LLC said on Thursday it has purchased a portfolio of up to 270 MW of community solar projects in the early stages of development, located across the Midwest in markets with proposed community solar legislation.

Read more: https://renewablesnow.com/news/nautilus-buys-270-mw-portfolio-of-early-stage-community-solar-projects-825972/

-- VARO Energy adds to portfolio another European biogas co

Switzerland-based oil refiner and supplier VARO Energy Group has made its second inorganic growth investment in the biogas sector this year, unveiling on Thursday the acquisition of Renewable Energy Services BV (RES).

Read more: https://renewablesnow.com/news/varo-energy-adds-to-portfolio-another-european-biogas-co-826014/

-- Coro Energy buys 2.39-MW rooftop solar portfolio in Vietnam

UK-based and southeast Asia-focused Coro Energy Plc (LON:CORO) announced that it has signed a USD-1.3-million (EUR 1.18m) definitive agreement to acquire a leased rooftop solar portfolio in Vietnam with a total generating capacity of 2.39 MW.

Read more: https://renewablesnow.com/news/coro-energy-buys-239-mw-rooftop-solar-portfolio-in-vietnam-826023/

-- Wind installation vessel owners Cadeler, Eneti to merge

Offshore wind installation companies Cadeler A/S (OSL:CADLR) of Denmark and Monaco-based Eneti Inc (NYSE:NETI) have agreed to merge to create a leading listed company in the industry with a proforma market capitalisation of over EUR 1.2 billion (USD 1.3n).

Read more: https://renewablesnow.com/news/wind-installation-vessel-owners-cadeler-eneti-to-merge-826033/

-- Grenergy seals deal to shed 150-MW solar plant in Spain

Spanish renewables developer-operator Grenergy Renovables SL (BME:GRE) has agreed to sell its 150-MWp Belinchon solar power facility in Cuenca to an unnamed independent power producer (IPP) in Europe.

Read more: https://renewablesnow.com/news/grenergy-seals-deal-to-shed-150-mw-solar-plant-in-spain-826044/

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