Weekly renewables M&A round-up (Mar 18-22)

Renewables Now covered M&A stories about E.ON, Shell, KKR, and others this week. Below is the full list:

-- Onde sheds 23.1-MW Polish solar trio to German SachsenEnergie

Polish renewables-focused general contractor Onde SA said it has unloaded a 23.1-MWp portfolio of solar projects at home to German municipal utility SachsenEnergie.

Read more: https://renewablesnow.com/news/onde-sheds-231-mw-polish-solar-trio-to-german-sachsenenergie-851779/

-- Chariot mulls options for S Africa-focused Transitional Power unit

UK-based and Africa-focused energy group Chariot Ltd said it has decided to explore options for its Transitional Power division, which specialises in renewable energy generation projects and electricity trading in South Africa, including a partial or an outright sale, a demerger, or keeping the business.

Read more: https://renewablesnow.com/news/chariot-mulls-options-for-s-africa-focused-transitional-power-unit-851814/

-- Exus buys 306-MW wind farm portfolio in Pennsylvania

Exus North America said it has acquired 306 MW of operating wind farms in Pennsylvania in a move to significantly expand its owned and operated renewable energy portfolio.

Read more: https://renewablesnow.com/news/exus-buys-306-mw-wind-farm-portfolio-in-pennsylvania-851935/

-- Citadel honcho boosts stake in Spain's Audax to over 3%

Kenneth C. Griffin, founder and CEO of US hedge fund firm Citadel, has raised his stake in Spanish renewable power and gas supplier Audax Renovables SA to 3.039%, according to a filing sent to Spain’s stock market watchdog CNMV.

Read more: https://renewablesnow.com/news/citadel-honcho-boosts-stake-in-spains-audax-to-over-3-851944/

-- Home improvements firm Wickes invests in UK solar installer Solar Fast

UK home improvement retailer Wickes Group plc has acquired a 51% stake in the parent company of British solar installer Solar Fast in a drive to expand its offering into the home energy market.

Read more: https://renewablesnow.com/news/home-improvements-firm-wickes-invests-in-uk-solar-installer-solar-fast-851983/

-- Enfinity closes stake sale in 400-MW US solar bundle to Kyushu Electric

US renewables developer-operator Enfinity Global announced that it has finalised the sale of a minority stake in its 400-MW portfolio of operational solar farms in the United States to Kyushu Electric Power Company Inc.

Read more: https://renewablesnow.com/news/enfinity-closes-stake-sale-in-400-mw-us-solar-bundle-to-kyushu-electric-851989/

-- E.ON joins Quinbrook on 230-MW Uskmouth BESS project in Wales

Global investment manager Quinbrook Infrastructure Partners has teamed up with German energy company E.ON SE on the ongoing construction of a 230-MW/460-MWh battery energy storage system (BESS) at Uskmouth in south Wales, an announcement said.

Read more: https://renewablesnow.com/news/eon-joins-quinbrook-on-230-mw-uskmouth-bess-project-in-wales-851997/

-- Masdar to take 50% stake in US renewables developer Terra-Gen

Abu Dhabi-based renewables developer Masdar announced that it sealed an agreement to take a 50% stake in peer Terra-Gen which operates about 2.4 GW of wind and solar assets throughout the US.

Read more: https://renewablesnow.com/news/masdar-to-take-50-stake-in-us-renewables-developer-terra-gen-852024/

-- Small hydro biz Eagle Creek buys community solar developer Lightstar

US small hydro operator Eagle Creek Renewable Energy announced that an affiliate has acquired Lightstar Renewables, a community solar developer-operator with a development pipeline of around 1.2 GW of projects in the United States.

Read more: https://renewablesnow.com/news/small-hydro-biz-eagle-creek-buys-community-solar-developer-lightstar-852096/

-- Aspiravi ups stake in 216-MW wind farm off Belgium as Parkwind exists

Aspiravi Offshore, part of Belgian renewable energy company Aspiravi Group, has acquired compatriot Parkwind NV’s stake in the 216-MW Northwind offshore wind farm off the coast of Belgium in the North Sea.

Read more: https://renewablesnow.com/news/aspiravi-ups-stake-in-216-mw-wind-farm-off-belgium-as-parkwind-exists-852107/

-- Recurrent Energy buys 420-MWp-plus solar portfolio in Spain

Recurrent Energy, a solar and energy storage unit of Canadian Solar Inc, has acquired a solar project portfolio with a capacity of over 420 MWp located in Spain’s region of Andalusia, the parent group announced.

Read more: https://renewablesnow.com/news/recurrent-energy-buys-420-mwp-plus-solar-portfolio-in-spain-852159/

-- Enviromena buys 70-MWp solar project in England from NTR

UK clean energy company Enviromena announced that it has acquired a 70-MWp solar park project in England from Irish infrastructure investor NTR Plc.

Read more: https://renewablesnow.com/news/enviromena-buys-70-mwp-solar-project-in-england-from-ntr-852171/

-- Suitors lined up for stake in Ayana Renewable Power - report

Various companies, including a unit of Abu Dhabi-based Masdar and Singapore’s Sembcorp Industries Ltd, have lined up for a majority stake in India-based clean energy platform Ayana Renewable Power which is involved in the development and management of close to 5 GW of solar, wind and hybrid power projects, The Economic Times reported.

Read more: https://renewablesnow.com/news/suitors-lined-up-for-stake-in-ayana-renewable-power-report-852180/

-- Shell exits 2.4-GW US offshore wind project, Ocean Winds moves on solo

Shell New Energies US LLC, a unit of oil-and-gas major Shell plc, has sold its 50% stake in SouthCoast Wind, a 2.4-GW offshore wind development project off the coast of Massachusetts, to its joint venture (JV) partner Ocean Winds North America.

Read more: https://renewablesnow.com/news/shell-exits-24-gw-us-offshore-wind-project-ocean-winds-moves-on-solo-852216/

-- OPG Power Ventures sells stake in 62-MW Indian solar portfolio

London-listed OPG Power Ventures Plc announced that it sold its minority stake in a portfolio of four solar assets in southwest India with a combined capacity of 62 MW.

Read more: https://renewablesnow.com/news/opg-power-ventures-sells-stake-in-62-mw-indian-solar-portfolio-852233/

-- RIC Energy sells 34 MW of solar projects in Upstate NY

Radial Power announced that it sold seven community solar projects in Upstate New York with a combined capacity of 34 MW to distributed energy platform Radial Power.

Read more: https://renewablesnow.com/news/ric-energy-sells-34-mw-of-solar-projects-in-upstate-ny-852290/

-- KKR to buy majority stake in California solar, storage firm Avantus

US private equity firm KKR & Co Inc has signed a definitive agreement to acquire a majority stake in California-based solar and solar-plus-storage developer Avantus via KKR-managed investment funds and accounts.

Read more: https://renewablesnow.com/news/kkr-to-buy-majority-stake-in-california-solar-storage-firm-avantus-852292/

-- Ameren Missouri gets regulatory nod to add 400 MW of solar

Ameren Corporation’s electric and gas service arm in the state of Missouri has obtained clearance to build or acquire some 400 MW of solar energy, the company announced, saying that this is its largest investment in solar to date.

Read more: https://renewablesnow.com/news/ameren-missouri-gets-regulatory-nod-to-add-400-mw-of-solar-852356/

-- Antin's takeover of Opdenergy progresses, squeeze-out set for April

French private equity firm Antin Infrastructure Partners SAS has acquired nearly all of the shares of Spanish renewables company Opdenergy Holding SA in its EUR-866-million voluntary takeover, exceeding the minimum threshold required to execute a sell-out and squeeze-out.

Read more: https://renewablesnow.com/news/antins-takeover-of-opdenergy-progresses-squeeze-out-set-for-april-852361/

-- KKR secures 31% of Germany's Encavis

US private equity company KKR & Co Inc is holding 31% of the shares in Encavis AG a week after a consortium led by the investment firm offered EUR 2.8 billion to acquire the German wind and solar parks operator.

Read more: https://renewablesnow.com/news/kkr-secures-31-of-germanys-encavis-852370/

-- TRIG sells 32 MW of Scottish wind farms

The Renewables Infrastructure Group Ltd announced the sale of its 100% ownership stake in two Scottish onshore wind farms, Forss and Little Raith, for a total of GBP 51 million.

Read more: https://renewablesnow.com/news/trig-sells-32-mw-of-scottish-wind-farms-852449/

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