Weekly renewables M&A round-up (May 1-5)

Renewables Now covered M&A stories about KKR, SB Energy, CIP, ERG and others in the past week. Below is the full list:

-- True Green buys majority stake in PV developer with 300-MW pipeline

Renewable energy infrastructure investor True Green Capital Management LLC has struck a deal to acquire a majority stake in clean energy provider CleanChoice Energy and back its 300-MW solar development pipeline.

Read more: https://renewablesnow.com/news/true-green-buys-majority-stake-in-pv-developer-with-300-mw-pipeline-821744/

-- KKR to invest extra USD 250m in India's Serentica Renewables

US private equity firm KKR & Co will inject an additional USD 250 million into Indian renewable power and clean energy solutions provider Serentica Renewables, the latter said.

Read more: https://renewablesnow.com/news/kkr-to-invest-extra-usd-250m-in-indias-serentica-renewables-821769/

-- SB Energy becomes Terras Energy after Toyota Tsusho takeover

Toyota Tsusho Corp, the owner of wind power producer Eurus Energy Holdings Corp, has completed its acquisition of 85% of SB Energy Corp from SoftBank Group Corp.

Read more: https://renewablesnow.com/news/sb-energy-becomes-terras-energy-after-toyota-tsusho-takeover-821772/

-- German Verbio to invest USD 230m in RNG production in US

German biofuels supplier Verbio Vereinigte BioEnergie AG has agreed to acquire US-based company South Bend Ethanol LLC and invest USD 230 million in the expansion of its ethanol plant in Indiana to produce renewable natural gas (RNG) at the site.

Read more: https://renewablesnow.com/news/german-verbio-to-invest-usd-230m-in-rng-production-in-us-821854/

-- Amarenco buys solar firm Spectrum International to expand in MENA

Independent solar energy producer Amarenco said it has acquired Jordan-based Spectrum International for Renewable Energy Investments in a push to strengthen its position in the Arab country and the Middle East.

Read more: https://renewablesnow.com/news/amarenco-buys-solar-firm-spectrum-international-to-expand-in-mena-821906/

-- European Energy unit buys into 700-MW solar bundle in Colorado

The North American subsidiary of Denmark’s European Energy A/S has acquired a majority stake in a 700-MW bundle of solar projects in Colorado, supporting its goal to develop 10 GW of renewables in the US by 2026.

Read more: https://renewablesnow.com/news/european-energy-unit-buys-into-700-mw-solar-bundle-in-colorado-821941/

-- Clearvise buys majority stake in 33-MW solar project in France

German independent power producer Clearvise AG has bought a majority stake in a 33-MW solar project with a shovel-ready status in France’s Nouvelle-Aquitaine region.

Read more: https://renewablesnow.com/news/clearvise-buys-majority-stake-in-33-mw-solar-project-in-france-821945/

-- KKR to buy USD 550m in solar loans from SunPower

US private equity firm KKR & Co has struck a definitive deal to buy USD 550 million worth of solar energy loans made to customers of SunPower Corp.

Read more: https://renewablesnow.com/news/kkr-to-buy-usd-550m-in-solar-loans-from-sunpower-822049/

-- CIP sells 303 MW of wind farms in Texas to TC Energy

Copenhagen Infrastructure Partners (CIP) announced agreements to sell two wind farms in Texas with a combined capacity of over 300 MW to Canadian energy infrastructure company TC Energy Corp.

Read more: https://renewablesnow.com/news/cip-sells-303-mw-of-wind-farms-in-texas-to-tc-energy-822087/

-- CIP launches renewable energy platform in Germany

Danish renewable energy infrastructure fund Copenhagen Infrastructure Partners (CIP) said it has set up a new platform that will focus on developing and executing renewable energy projects in Germany.

Read more: https://renewablesnow.com/news/cip-launches-renewable-energy-platform-in-germany-822155/

-- Aspen Power buys 42-MWp Pennsylvania solar bundle from Sunrise

US distributed generation platform Aspen Power Partners LLC has acquired a 42-MW DC portfolio of solar projects in Pennsylvania as part of a wider development agreement with Sunrise Energy LLC.

Read more: https://renewablesnow.com/news/aspen-power-buys-42-mwp-pennsylvania-solar-bundle-from-sunrise-822158/

-- ERG to buy Spanish solar plant from ib vogt in EUR-170m deal

Berlin-based developer ib vogt GmbH has signed a deal to sell a 149-MWp solar photovoltaic (PV) project currently under construction in northwestern Spain to a local unit of Italian independent power producer ERG SpA (BIT:ERG), the two announced.

Read more: https://renewablesnow.com/news/erg-to-buy-spanish-solar-plant-from-ib-vogt-in-eur-170m-deal-822214/

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