Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTRenewables Now covered M&A stories related to Eletrobras, ScottishPower, SunPower and others over the past week. Below is the full list of deals:
-- Brazil's Eletrobras approves offer for stake in 26-MW wind park
Brazilian power distributor Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, has approved the binding offer made by investment fund FIP Pirineus to acquire its 49% interest in the 26-MW Mangue Seco 2 wind farm.
-- Arkansas clears SWEPCO's buy of 810 MW wind in Oklahoma
The Arkansas Public Service Commission (APSC) has given its nod to Southwestern Electric Power Co’s (SWEPCO’s) partial acquisition of a 1,485-MW wind project portfolio in Oklahoma.
-- Schmid, Nusaned finalise Saudi battery storage production JV
German technology group Schmid has successfully created a joint venture for the development and manufacture of Vanadium Redox Flow Batteries (VRFB) in Saudi Arabia, with plans for a 3-GWh factory.
-- CEZ says Romanian assets sale continues, timeframe to depend on Covid-19 situation
Czech energy group CEZ said that the sale process for its Romanian assets continues, as its timeframe will depend on the coronavirus situation in the country.
-- CPP Investments to pay EUR 200m in French offshore wind deal
Canada Pension Plan Investment Board, or CPP Investments, announced it will spend around EUR 200 million as part of the deal to buy 49% of Enbridge Inc's (TSE:ENB) interest in a roughly 1.5-GW offshore wind portfolio in France.
-- ScottishPower buys 165 MW of onshore wind schemes in Scotland
ScottishPower Renewables, part of Spanish utility Iberdrola SA (BME:IBE), plans to acquire 165 MW of onshore wind energy developments in Scotland that could entail an investment of over GBP 150 million.
-- Brazil approves EDP GRID's acquisition of 2 solar DG systems
Brazil's Administrative Council for Economic Defense (CADE) has approved the acquisition of two solar distributed generated (DG) systems by EDP GRID Gestao de Redes Inteligentes de Distribuicao SA.
-- Italy's Eni, CDP get EU nod for waste-to-energy JV
The European Commission (EC) has cleared the formation of a waste-to-energy joint venture by a unit of Italian oil and gas company Eni SpA (BIT:ENI) and domestic investment fund CDP Equity SpA, controlled by investment bank group Cassa Depositi e Prestiti.
-- Goldwind sells 55-MW wind farm to AES Panama
Goldwind Americas, a unit of Chinese wind turbine maker Goldwind Science & Technology Co Ltd (HKG:2208), announced the sale of a 55-MW wind farm in Panama to the local subsidiary of US-based AES Corp (NYSE:AES).
-- NESF to offload 115 MW of solar projects
NextEnergy Solar Fund Ltd (LON:NESF) announced the sale of two subsidy-free solar projects under development with a combined capacity of 115 MW to a subsidiary of NextPower Development Ltd.
-- Energiekontor unloads 13.3-MW solar bundle to Germany's swt
Germany’s Energiekontor AG (ETR:EKT) said it has sold a 13.3-MW portfolio of solar parks at home to the Tubingen municipal utility (swt).
-- Germany's Merkur offshore wind farm changes ownership
Dutch pension fund APG and The Renewables Infrastructure Group Ltd (LON:TRIG) have taken full ownership of the 396-MW Merkur wind farm in German waters.
-- Spruce Finance snaps up Clearway's 53-MW residential solar portfolio
US distributed generation solar plants operator Spruce Finance has acquired the 53-MW rooftop solar portfolio of power company Clearway Energy Inc (NYSE:NYLD) in a deal that is anticipated to bring “strong and stable returns.”
-- SunPower's O&M ops to become NovaSource under Clairvest ownership
Canadian private equity management firm Clairvest Group Inc (TSE:CVG) said it has acquired the solar operations and maintenance (O&M) business of SunPower Corp (NASDAQ:SPWR) as part of a management buy-out.
-- Lightrock Power offloads 350 MW of US PV projects
UK-based solar and energy storage project developer Lightrock Power said it has completed the sale of a US solar portfolio with a capacity of 350 MW.
-- China's TZS gets clearance to invest in spun-off SunPower business
Chinese silicon wafers supplier Tianjin Zhonghuan Semiconductor Co Ltd (SHE:002129), or TZS, has obtained the needed regulatory clearances at home to invest in a solar manufacturing operation that will be spun off of SunPower (NASDAQ:SPWR).
-- Etrion done getting rid of non-core solar assets
Solar power producer Etrion Corp (TSE:ETX) said that with the sale of its interest in a Chilean photovoltaic (PV) plant it no longer has assets deemed non-core.
As announced earlier, Canada-based Innergex Renewable Energy Inc (TSE:INE) has acquired the 68-MW Salvador PV plant in Chile for USD 46.6 million (EUR 43m).
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
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