Weekly renewables M&A round-up (June 3-7)

Renewables Now covered M&A stories about BlackRock, PNE, Nexans, Juwi, and others this week. Below is the full list:

-- BlackRock reaches initial closing of investment in Recurrent Energy

A fund managed by the Climate Infrastructure business of US investment giant BlackRock Inc has achieved the initial closing of its previously disclosed investment in the solar and storage development platform of Recurrent Energy, a unit of Canadian Solar Inc.

Read more: https://renewablesnow.com/news/blackrock-reaches-initial-closing-of-investment-in-recurrent-energy-859715/

-- MPower eyes sale of Queensland PV-storage site to fund growth

Sydney-based renewables developer MPower Group Limited has started a process for the sale of its Lakeland solar-storage park in Queensland, aiming to recycle capital for its future expansion.

Read more: https://renewablesnow.com/news/mpower-eyes-sale-of-queensland-pv-storage-site-to-fund-growth-859785/

-- Atrato Onsite Energy spends EUR 11m to buy solar assets in UK

Clean energy-focused investor Atrato Onsite Energy plc said it has paid GBP 9.3 million to buy a portfolio of three operational solar systems in the UK with a total capacity of 13 MW.

Read more: https://renewablesnow.com/news/atrato-onsite-energy-spends-eur-11m-to-buy-solar-assets-in-uk-859787/

-- Elawan, R.Power form 2-GWp Italian solar JV

Spanish renewables developer Elawan Energy and Poland’s R.Power SA have set up a joint venture targeting to develop a portfolio of Italian solar projects to add 2 GWp of power generation capacity.

Read more: https://renewablesnow.com/news/elawan-rpower-form-2-gwp-italian-solar-jv-859858/

-- Wind sector services provider MWS takes control of Endiprev

Danish wind sector player Muehlhan Wind Service (MWS) announced it has acquired a controlling interest in Endiprev, a Portuguese peer that specialises in commissioning and MV/HV work.

Read more: https://renewablesnow.com/news/wind-sector-services-provider-mws-takes-control-of-endiprev-859891/

-- Spain's Solaria seeks partners for European landco

Spanish solar power producer Solaria Energia y Medio Ambiente SA is bringing its European landco Generia to market, hoping to find partners for the land acquisition vehicle.

Read more: https://renewablesnow.com/news/spains-solaria-seeks-partners-for-european-landco-859908/

-- Sumitomo Electric to produce HVDC cables for Amprion in Germany

German transmission system operator (TSO) Amprion has awarded two high-voltage direct current (HVDC) cable projects, worth over EUR 3 billion, to Japan’s Sumitomo Electric, according to an announcement.

Read more: https://renewablesnow.com/news/sumitomo-electric-to-produce-hvdc-cables-for-amprion-in-germany-860023/

-- Octopus Energy adds 2 investors to back growth in N America, Europe

London-based clean energy company Octopus Energy has onboarded two new investors, San Francisco-based climate-focused investment firm Galvanize Climate Solutions and London-based global investment platform Lightrock.

Read more: https://renewablesnow.com/news/octopus-energy-adds-2-investors-to-back-growth-in-n-america-europe-860052/

-- German PNE offloads US arm with 3-GW development pipeline

US infrastructure investor Lotus Infrastructure Partners has acquired the US arm of German renewables developer PNE AG, taking hold of its 3-GW-plus development pipeline of wind, solar and storage projects.

Read more: https://renewablesnow.com/news/german-pne-offloads-us-arm-with-3-gw-development-pipeline-860083/

-- Nexans wraps up EUR-520m deal to buy Italian cables maker

French cable systems and services provider Nexans SA said that it has closed the purchase of Italian medium- and low-voltage cable expert La Triveneta Cavi in a deal with an enterprise value of around EUR 520 million.

Read more: https://renewablesnow.com/news/nexans-wraps-up-eur-520m-deal-to-buy-italian-cables-maker-860112/

-- JUWI to sell 327 MW DC of solar projects in Colorado to Tri-State

German project developer JUWI Group has agreed to sell two solar schemes in Colorado with a combined capacity of 327 MW DC to Tri-State Generation and Transmission Association in a deal marking the first renewable projects acquisition for the local non-profit wholesale power supplier.

Read more: https://renewablesnow.com/news/juwi-to-sell-327-mw-dc-of-solar-projects-in-colorado-to-tri-state-860130/

-- Smart Energies raises EUR 87m for solar with minimum land footprint

French solar power producer Smart Energies announced it has raised EUR 87 million in capital from two new and some existing investors to speed up its deployment of photovoltaic (PV) systems in Europe.

Read more: https://renewablesnow.com/news/smart-energies-raises-eur-87m-for-solar-with-minimum-land-footprint-860132/

-- OMV Petrom takes 50% stake in 130 MW of Romanian PV projects

Romanian oil company OMV Petrom said it has agreed to acquire a 50% stake in three photovoltaic (PV) projects in Romania with a combined capacity of 130 MW, expanding its partnership with local clean energy company Renovatio.

Read more: https://renewablesnow.com/news/omv-petrom-takes-50-stake-in-130-mw-of-romanian-pv-projects-860155/

-- Bitech Technologies sells 2.43 GW of US greenfield solar projects

Bitech Technologies Corporation has completed the sale of about 2.425 GW of greenfield solar projects in the US as part of its strategy to focus on its core battery energy storage system (BESS) business.

Read more: https://renewablesnow.com/news/bitech-technologies-sells-243-gw-of-us-greenfield-solar-projects-860158/

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