Weekly renewables M&A round-up (May 20-24)

Renewables Now covered M&A stories about Iberdrola, RWE, Engie, Statkraft, and others this week. Below is the full list:

-- Hafslund JV buys 208-MW Norwegian wind farm from SUSI

Norwegian power group Hafslund AS and its joint venture partner Eidsiva Energi are buying a 208-MW wind farm in southern Norway, one of the largest ones in the country, from a fund managed by the Swiss investment manager SUSI Partners.

Read more: https://renewablesnow.com/news/hafslund-jv-buys-208-mw-norwegian-wind-farm-from-susi-858206/

-- Iberdrola to buy out Avangrid in USD-2.55bn deal

Spanish utility Iberdrola SA (BME:IBE) has agreed to buy out the stake it does not already own in US energy services and delivery company Avangrid Inc (NYSE:AGR) in an all-cash deal worth USD 2.55 billion (EUR 2.34bn).

Read more: https://renewablesnow.com/news/iberdrola-to-buy-out-avangrid-in-usd-255bn-deal-858205/

-- Tennet mulls attracting private investments, IPO for German unit

TenneT, the grid operator in the Netherlands and parts of Germany, intends to probe the option of tapping into the capital markets to raise funds for its German operations and thus raise proceeds for the expansion of its grids, both onshore and offshore, it said recently.

Read more: https://renewablesnow.com/news/tennet-mulls-attracting-private-investments-ipo-for-german-unit-858402/

-- Brookfield in talks to acquire Australia’s Windlab - report

Canada’s Brookfield Asset Management (NYSE:BAM) is eager to acquire Windlab Pty Ltd, the Australia-based renewable energy developer with an almost 24-GW portfolio, the Australian Financial Review (AFR) reports.

Read more: https://renewablesnow.com/news/brookfield-in-talks-to-acquire-australias-windlab-report-858232/

-- RWE unveils multi-state deal for 599 MW of solar, storage in US

The clean energy arm of German energy group RWE AG (ETR:RWE) has acquired 599 MW of solar and energy storage development projects in three US states, further expanding its footprint across the country.

Read more: https://renewablesnow.com/news/rwe-unveils-multi-state-deal-for-599-mw-of-solar-storage-in-us-858406/

-- White Summit to take control of biomethane firm Ferbgas

Spanish investment firm White Summit Capital has sealed an agreement to acquire for an undisclosed amount a majority stake in Ferbgas Renewable, a Portuguese biomethane producer with a project pipeline capable of generating 500 GWh.

Read more: https://renewablesnow.com/news/white-summit-to-take-control-of-biomethane-firm-ferbgas-858618/

-- Bord Gais Energy, Corio join forces to pursue Irish offshore wind

Ireland’s Bord Gais Energy, part of Centrica PLC (LON:CNA), and Corio Generation, which is a portfolio company of Macquarie Asset Management, on Tuesday unveiled a partnership to explore offshore wind opportunities in Ireland.

Read more: https://renewablesnow.com/news/bord-gais-energy-corio-join-forces-to-pursue-irish-offshore-wind-858492/

-- US geothermal tech developer XGS raises USD 20m for pilot project

US geothermal technology company XGS Energy said on Tuesday it has closed a USD-20-million (EUR 18.4m) in additional Series A financing that will support its first commercial-scale project in California later this year.

Read more: https://renewablesnow.com/news/us-geothermal-tech-developer-xgs-raises-usd-20m-for-pilot-project-858503/

-- Onde snaps up 63-MWp solar project in Poland

Polish renewables-focused general contractor Onde SA (WSE:OND) has expanded its project development portfolio with the purchase of a 63-MWp solar scheme at home.

Read more: https://renewablesnow.com/news/onde-snaps-up-63-mwp-solar-project-in-poland-858633/

-- Engie wraps up purchase of 80-MW Romanian wind farm

French energy major Engie SA (EPA:ENGI) has finalised the acquisition of a 80-MW wind project in southern Romania from EnerCap Capital Partners Group and EP Global Energy.

Read more: https://renewablesnow.com/news/engie-wraps-up-purchase-of-80-mw-romanian-wind-farm-858637/

-- Statkraft closes Enerfin deal, touts market share gains in Spain, Brazil

Norwegian state-owned power company Statkraft AS announced on Thursday that it has finalised its acquisition of Enerfin, the wind and solar unit of Spanish infrastructure builder and operator Elecnor SA (BME:ENO).

Read more: https://renewablesnow.com/news/statkraft-closes-enerfin-deal-touts-market-share-gains-in-spain-brazil-858708/

-- Iberdrola eyes up to USD-1.8bn from US renewables stake sale - Bloomberg

Spanish utility Iberdrola SA (BME:IBE) has enlisted Bank of America Corp to help it land an investor who would buy a 50% stake in a portfolio of 700 MW of wind and solar projects in the United States, Bloomberg reported on Thursday citing anonymous sources familiar with the potential deal.

Read more: https://renewablesnow.com/news/iberdrola-eyes-up-to-usd-18bn-from-us-renewables-stake-sale-bloomberg-858793/

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