Weekly renewables M&A round-up (June 15-19)

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

-- Petrobras awaits binding bids for 52 MW of wind farms in Brazil

Brazilian state-controlled oil and gas company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, said it has started the binding phase in the joint sale process for its stakes in two wind farms totalling 52 MW.

-- Brazil's CPFL advances with renewables unit delisting

Brazilian energy company CPFL Energia (BVMF:CPFE3), through CPFL Geracao de Energia SA, has acquired 0.035% of renewables unit CFPL Renovaveis in a delisting tender.

-- Pattern Energy acquires 1-GW wind development opportunity in New Mexico

Pattern Energy Group LP has finalised the acquisition of the Clines Corners development opportunity in New Mexico that can support up to 1,000 MW of wind power generation capacity.

-- Polaris Infrastructure plans to buy 10-MW HPP project in Panama

Canadian renewables developer Polaris Infrastructure Inc (TSE:PIF) has signed a non-binding memorandum of understanding (MoU) to acquire a 10-MW run-of-river hydropower plant (HPP) project in Panama.

-- BNDES hires BR Partners as advisor on possible sale of AES Tiete stake

BNDES Participacoes SA (BNDESPar) has hired BR Partners as its financial advisor to help sell its 28.4% stake in power company AES Tiete Energia SA (B3:TIET11).

-- Taaleri fund, Akuo, others buy majority stake in 336-MW Texas wind project

Helsinki-based renewable energy developer Taaleri Energia Ltd has sold a 93% stake in the 336-MW Escalade wind project in Texas to one of its funds and a group of investors for an undisclosed sum.

-- Iberdrola outbids Asian JV for Infigen

Spain’s Iberdrola SA (BME:IBE) has snatched up a deal vied by an Asian joint venture to take over Aussie renewables company Infigen Energy (ASX:IFN), making a higher and less-conditional offer of AUD 840.6 million.

-- Greenbacker forays into energy storage with 7.9MW/16.5MWh buy

Greenbacker Renewable Energy Co LLC has acquired the rights to a company that owns 7.9MW/16.5MWh of behind-the-meter energy storage projects.

-- APICORP joins club of owners of 117-MW wind farm in Jordan

The Arab Petroleum Investments Corporation (APICORP) has acquired a 20% stake in the developer of the 117-MW Tafila wind farm in Jordan, the development bank said.

-- Cubico buys 200-MW wind development business in France

Cubico Sustainable Investments has purchased an onshore wind development business in France with a portfolio totalling 200 MW of projects.

-- ASI fund buying 40.4 MW of Polish solar from Modus Group

A unit of Lithuania’s Modus Group is selling 40.4 MW of solar parks in Poland to a fund owned by asset manager Aberdeen Standard Investments (ASI) for an undisclosed sum.