Weekly renewables M&A round-up (Mar 13-17)

Renewables Now covered M&A stories about BlackRock, Ørsted, Equinor, RWE and others in the past week. Below is the full list:

-- EU clears BCI's bet on battery storage platform Eku Energy

Canadian institutional investor British Columbia Investment Management Corporation (BCI) has received a nod from the EU to invest in Eku Energy, a UK-based battery storage platform launched by Macquarie Asset Management’s Green Investment Group (GIG).

Read more: https://renewablesnow.com/news/eu-clears-bcis-bet-on-battery-storage-platform-eku-energy-817263/

-- Daiwa Securities buys into 1.2-GW Hornsea One offshore wind park

Daiwa Energy & Infrastructure (DEI), a unit of Japanese financial services firm Daiwa Securities Group Inc, has acquired a minority interest in the 1.2-GW Hornsea One wind farm in UK waters.

Read more: https://renewablesnow.com/news/daiwa-securities-buys-into-12-gw-hornsea-one-offshore-wind-park-817306/

-- Full Circle buys French wind turbine O&M provider Net-Wind

Dutch wind turbine operations and maintenance (O&M) provider Full Circle announced the acquisition of French peer Net-Wind in a move that will help it further enhance its presence across Europe.

Read more: https://renewablesnow.com/news/full-circle-buys-french-wind-turbine-om-provider-net-wind-817311/

-- Zen Energy snaps up 110-MW/270-MWh battery project in S Australia

Australian renewable energy retailer Zen Energy has acquired an up to 111-MW/270-MWh battery energy storage project in South Australia from developer RES Group.

Read more: https://renewablesnow.com/news/zen-energy-snaps-up-110-mw270-mwh-battery-project-in-s-australia-817313/

-- CWP Europe acquires 134-MW solar project in Romania

Southeast Europe-focused renewables developer CWP Europe announced the acquisition of the 134-MW Studina solar project in Romania for an undisclosed amount.

Read more: https://renewablesnow.com/news/cwp-europe-acquires-134-mw-solar-project-in-romania-817314/

-- Roofit.Solar secures EUR 6.45m to expand solar roof production

Roofit.Solar, an Estonia-based climate tech scale-up specialising in building integrated (BIPV), has successfully raised EUR 6.45 million in a financing round led by existing backers BayWa r.e. Energy Ventures and EdgeCap Partners.

Read more: https://renewablesnow.com/news/roofitsolar-secures-eur-645m-to-expand-solar-roof-production-817332/

-- TAQA, Iceland's RG to set up 1-GW geothermal JV in S Arabia

Abu Dhabi National Energy Company (TAQA) and Iceland-based Reykjavik Geothermal (RG) have teamed up to jointly develop geothermal power projects in Saudi Arabia, targeting 1 GW of potential capacity.

Read more: https://renewablesnow.com/news/taqa-icelands-rg-to-set-up-1-gw-geothermal-jv-in-s-arabia-817438/

-- Kesko to buy Swedish solar systems wholesaler Zenitec

Finnish retail group Kesko has agreed to acquire solar power systems wholesaler Zenitec Sweden Ab to strengthen its position in the building and technical trade market in Northern Europe.

Read more: https://renewablesnow.com/news/kesko-to-buy-swedish-solar-systems-wholesaler-zenitec-817446/

-- Scale Microgrids to buy 100 MW of US community solar projects

US distributed energy platform Scale Microgrids has agreed to acquire more than 100 MW of community solar projects in New York from Dutch clean energy developer CSG-Gutami.

Read more: https://renewablesnow.com/news/scale-microgrids-to-buy-100-mw-of-us-community-solar-projects-817448/

-- Kajima, Griffin take majority stake in Polish solar installer Hymon

Pan-European real asset investor Kajima Europe and private equity investor Griffin Capital Partners have acquired a 70% stake in Polish solar installer Hymon, the buyers said.

Read more: https://renewablesnow.com/news/kajima-griffin-take-majority-stake-in-polish-solar-installer-hymon-817452/

-- BlackRock fund buying into 310-MW Kenyan wind farm

A climate-focused fund managed by BlackRock Alternatives is investing in the 310-MW Lake Turkana wind park in Kenya, the largest wind turbine complex in Africa.

Read more: https://renewablesnow.com/news/blackrock-fund-buying-into-310-mw-kenyan-wind-farm-817460/

-- Hanwha Energy sells 204-MW Spanish solar project to Amarenco

South Korean energy solutions company Hanwha Energy said it had recently sold a 204-MW solar project under development in Spain to Ireland-based independent power producer (IPP) Amarenco.

Read more: https://renewablesnow.com/news/hanwha-energy-sells-204-mw-spanish-solar-project-to-amarenco-817465/

-- Arise to take control of Finnish wind, solar firm Pohjan Voima

Swedish onshore wind farms developer Arise AB has agreed to acquire 51% of Pohjan Voima Oy, a Finnish onshore wind and solar company with a project portfolio of 1.7 GW.

Read more: https://renewablesnow.com/news/arise-to-take-control-of-finnish-wind-solar-firm-pohjan-voima-817512/

-- Sale of Polish bankrupt offshore foundations maker attracts bids

Polish bankrupt manufacturer of offshore turbine foundations ST3 Offshore said that the sixth tender for the factory sale has finally attracted bids but because of their close prices, the winner will be selected in an oral auction.

Read more: https://renewablesnow.com/news/sale-of-polish-bankrupt-offshore-foundations-maker-attracts-bids-817521/

-- Ørsted buys 160-MW solar project in Ireland

Ørsted A/S said it has acquired its second solar project in Ireland, the 160-MW Garrenleen scheme near Carlow in the southeastern part of the country.

Read more: https://renewablesnow.com/news/rsted-buys-160-mw-solar-project-in-ireland-817583/

-- CNH bolsters biofuels business via investment in Bennamann

Heavy and agricultural machinery maker CNH Industrial said it has taken a majority stake in Bennamann, a UK biomethane fuel production technology developer, to bolster its offering of alternative fuels for the agriculture industry.

Read more: https://renewablesnow.com/news/cnh-bolsters-biofuels-business-via-investment-in-bennamann-817593/

-- Equinor hikes stake in renewables firm Scatec

Norwegian energy group Equinor ASA has spent NOK 305 million to raise to 16.2% its stake in Scatec ASA, a domestic renewables developer and operator it has been partnering with for years.

Read more: https://renewablesnow.com/news/equinor-hikes-stake-in-renewables-firm-scatec-817596/

-- Sun Cable sale draws multiple bidders

The sales process for Sun Cable Pty Ltd, the company behind the Australia-Asia PowerLink project between Australia and Singapore, has attracted strong interest, the business’ administrators from FTI Consulting said.

Read more: https://renewablesnow.com/news/sun-cable-sale-draws-multiple-bidders-817628/

-- Qatar converts EUR-2.4bn bond to become RWE's top shareholder

The Qatar Investment Authority (QIA) has become the largest sole shareholder in RWE AG after converting a EUR-2.42-billion mandatory convertible bond into shares of the German power major.

Read more: https://renewablesnow.com/news/qatar-converts-eur-24bn-bond-to-become-rwes-top-shareholder-817635/

-- MGE, WEC to buy Wisconsin big solar-storage project from Invenergy

Madison Gas and Electric (MGE) and subsidiaries of WEC Energy Group Inc have secured regulatory approval to buy a 300-MW solar park with storage in Wisconsin from developer Invenergy LLC.

Read more: https://renewablesnow.com/news/mge-wec-to-buy-wisconsin-big-solar-storage-project-from-invenergy-817687/

-- Greenvolt buys into Solarelit to enter Italy's DG solar market

Portuguese renewables company Greenvolt - Energias Renovaveis SA has inked a deal to acquire a 37.3% stake in Milan-based Solarelit which is focused on distributed generation (DG) solar energy solutions in Italy.

Read more: https://renewablesnow.com/news/greenvolt-buys-into-solarelit-to-enter-italys-dg-solar-market-817706/

-- Peregrine, partner buy 80-MW wind farm in Iowa, plan expansion

US clean energy platform Peregrine Energy Solutions LLC has added to its portfolio an 80-MW operating wind park in northern Iowa with a plan to nearly triple its capacity and also install battery energy storage technology at the site in the future.

Read more: https://renewablesnow.com/news/peregrine-partner-buy-80-mw-wind-farm-in-iowa-plan-expansion-817712/

-- Lithium de France raises EUR 44m in Series B funding

French geothermal heat and lithium start-up Lithium de France this week completed a EUR-44-million Series B financing round, adding Norwegian aluminum and energy group Norsk Hydro ASA to its investors.

Read more: https://renewablesnow.com/news/lithium-de-france-raises-eur-44m-in-series-b-funding-817758/

-- ACEN buys 136 MW of wind farms in US entry

ACEN Corp, the listed energy platform of Philippine conglomerate Ayala Group, said it has agreed to acquire 136 MW of operating wind farms in the US, marking its entry into the US renewables market.

Read more: https://renewablesnow.com/news/acen-buys-136-mw-of-wind-farms-in-us-entry-817763/

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