Qair’s Green Switch wins permit for 50-MW British PV park
Sep 20, 2024 5:48 CESTWeekly renewables M&A round-up (May 14-May 20)
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Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week May 14 - May 20:
-- New Zealand's Mercury buys USD-100m stake in Tilt Renewables
New Zealand electricity generator and retailer Mercury NZ Ltd (NZE:MCY) said it has agreed to buy a 19.99% stake in Tilt Renewables Ltd (NZE:TLT) from the Tauranga Electricity Consumer Trust (TECT) for NZD 143.9 million in cash.
-- Meyer Burger sells solar systems unit to former executive
Swiss solar equipment maker Meyer Burger Technology AG (SWX:MBTN) said it is selling its Solar Systems business to Patrick Hofer-Noser, who acted as head of the division between 2012 and 2017.
-- Hinduja acquires Indian solar developer Kiran Energy - report
A member of the Hinduja Group in India has bought local firm Kiran Energy Solar Power Pvt Ltd for about INR 10 billion, the Press Trust of India (PTI) reports.
-- Reden Solar buys 50 MW of PV parks in Portugal, plans more projects
French independent power producer Reden Solar announced it has acquired 50 MW of operating solar parks in Portugal and said it plans to develop new projects there in the coming years.
-- BayWa acquires Scottish renewables servicing co Becon Consultancy
BayWa r.e. renewable energy GmbH announced it has acquired Scottish renewable energy service provider Becon Consultancy.
-- Valero buys Peruvian biofuels importer
Texas-based transportation fuels producer Valero Energy Corporation (NYSE:VLO) said it has taken over Peruvian fuel importer Pure Biofuels del Peru SAC (PBF).
-- Scan Inter to buy into 170-MW solar project in Myanmar
The board of Thai natural gas seller Scan Inter PCL (BKK:SCN) has approved the company’s planned minority investment in the entity that owns a 170-MW solar power project in Minbu City, Myanmar, it was announced.
-- WPD may sell USD-1bn-plus company stake - report
German wind project developer Wpd AG could sell an equity stake worth at least USD 1 billion or even the whole company, according to sources quoted by Bloomberg.
-- EDP says CTG’s takeover offer is too low
Portuguese utility Energias de Portugal SA (ELI:EDP) said that the EUR-9.07-billion takeover proposal by China Three Gorges Corp (CTG) is too low and one that undervalues the company.
-- Rabbalshede Kraft acquires 6 MW of Swedish wind capacity
Swedish wind power company Rabbalshede Kraft AB said it has bought three 2-MW wind turbines in Sweden for an undisclosed sum.
-- Innergex makes hydro purchases in Chile, British Columbia
Canadian renewable power producer Innergex Renewable Energy Inc (TSE:INE) announced it has expanded its hydropower portfolio by acquiring assets in Chile and British Columbia.
-- ERG completes French deal for 750-MW wind pipeline
Italian energy company ERG SpA (BIT:ERG) said it has finalised the previously announced acquisition of certain wind farms and a roughly 750-MW pipeline in France from Impax New Energy Investors II.
-- Vestas takes 40% in 353-MW Swedish wind project
Vestas Wind Systems A/S (CPH:VWS) said it will acquire 40% in a 353-MW onshore wind project in central Sweden, for which it will also supply and install 84 turbines.
-- Canadian Solar looking to sell 399 MWp of US power plants
Canadian Solar Inc (NASDAQ:CSIQ) is working to get clearance for the sale of three additional solar power plants in the US with a combined capacity of 399 MWp.
-- Mitsui entering Taiwan's offshore wind market through M&A deal
Japanese trader Mitsui & Co Ltd (TYO:8031) will enter the offshore wind sector by buying into the co-owner of the 1,044-MW Hai Long development in the Taiwan Strait.
-- Cemig, Energimp split assets in 100-MW joint wind portfolio
Brazilian power company Cemig (BVMF:CMIG4) said its subsidiary Cemig GT and local firm Energimp SA have ended their 49/51 partnership in a 99.6-MW wind portfolio.
-- CADE okays Neoenergia bid for Eletropaulo
Brazilian power distributor Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3) said the country's Administrative Council for Economic Defense (CADE) has approved without limitation the public voluntary offer for the firm made by Neoenergia SA.
-- Macquarie willing to sell stake in Formosa 1 off Taiwan - report
Australia’s Macquarie Group Ltd (ASX:MQG) is looking to sell part of its stake in the Formosa 1 offshore wind project in Taiwan, sources told Bloomberg.
-- Illinois biodiesel plant to be auctioned in June
An USD-8-million biodiesel plant with a capacity of 2 million gallons (7.6 million litres) per year in Illinois will be auctioned next month, liquidation specialist Maas Companies said.
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Sep 19, 2024 13:49 CESTShare this story
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