Weekly renewables M&A round-up (May 27-31)

Renewables Now covered M&A stories about Atlantica, Ferrovial, Neoen, Maxeon Solar, and others this week. Below is the full list:

-- Clearvise buys 42-MW German solar park from Altus

German renewable power producer Clearvise AG announced the acquisition of a recently-commissioned solar park with an installed capacity of 42 MWp in its home country.

Read more: https://renewablesnow.com/news/clearvise-buys-42-mw-german-solar-park-from-altus-858904/

-- Malakoff buying into Malaysian firms to grow renewables ops

Malaysian energy group Malakoff Corp Bhd has sealed a conditional deal to acquire stakes in two domestic companies, thus boosting its effective renewable energy capacity to 128 MW.

Read more: https://renewablesnow.com/news/malakoff-buying-into-malaysian-firms-to-grow-renewables-ops-858907/

-- Latvia's Latvenergo buys 124-MW wind project in Lithuania

Latvian state-owned utility Latvenergo AS has acquired a 124-MW wind power project in Lithuania, it said.

Read more: https://renewablesnow.com/news/latvias-latvenergo-buys-124-mw-wind-project-in-lithuania-858926/

-- Atlantica agrees to USD-2.55bn go-private deal

Atlantica Sustainable Infrastructure plc has agreed to be acquired by energy transition investor Energy Capital Partners (ECP) in a deal giving the business a total equity value of about USD 2.55 billion.

Read more: https://renewablesnow.com/news/atlantica-agrees-to-usd-255bn-go-private-deal-859090/

-- Spain's Ferrovial buys 257-MWp solar project in Texas

Spanish infrastructure builder and operator Ferrovial SE has acquired a 257-MWp solar photovoltaic project in Leon County, Texas.

Read more: https://renewablesnow.com/news/spains-ferrovial-buys-257-mwp-solar-project-in-texas-859209/

-- Infrastructure India calls off deal to sell 41-MW wind duo again

Infrastructure India Plc has terminated a deal to sell 41.3 MW of installed wind capacity in India after the buyer failed to pay the full consideration for the assets.

Read more: https://renewablesnow.com/news/infrastructure-india-calls-off-deal-to-sell-41-mw-wind-duo-again-859239/

-- Danish pension fund invests in Changfang-Xidao offshore wind farm

Danish pension fund Laegernes Pension said it has invested just under DKK 400 million in the Changfang-Xidao offshore wind farm located off the coast of Taiwan.

Read more: https://renewablesnow.com/news/danish-pension-fund-invests-in-changfang-xidao-offshore-wind-farm-859241/

-- Solar developer UGE agrees to go private

North American solar and storage developer UGE International Ltd has agreed to be taken private by one of the two main funds managed by middle market infrastructure investor NOVA Infrastructure.

Read more: https://renewablesnow.com/news/solar-developer-uge-agrees-to-go-private-859247/

-- Hydrogen Utopia says due diligence on Essential Energy continues

Britain’s Hydrogen Utopia International PLC released an update regarding its intention to acquire biofuels firm Essential Energy Holding Group Corp that puts in doubt the completion of the proposed transaction.

Read more: https://renewablesnow.com/news/hydrogen-utopia-says-due-diligence-on-essential-energy-continues-859262/

-- Apricus takes control of solar developer with 500-MW pipeline

Apricus Generation Inc, the recently set up company that seeks to establish a national solar development and IPP platform, has bought a controlling stake in Toronto-based community solar and storage developer Nexus Renewables Inc.

Read more: https://renewablesnow.com/news/apricus-takes-control-of-solar-developer-with-500-mw-pipeline-859276/

-- Vinci to take hold of Swedish renewables developer Helios Nordic

French builder and concessionaire Vinci SA has agreed to acquire Swedish solar and storage developer Helios Nordic Energy AB in a move that will expand its activities and enhance its footprint in the Nordic market.

Read more: https://renewablesnow.com/news/vinci-to-take-hold-of-swedish-renewables-developer-helios-nordic-859319/

-- Brookfield eyes Neoen takeover, offers EUR 6.1bn for majority

Canada's Brookfield Asset Management has offered to buy a majority stake in Neoen SA in a deal that values the French renewable power producer’s equity at EUR 6.1 billion.

Read more: https://renewablesnow.com/news/brookfield-eyes-neoen-takeover-offers-eur-61bn-for-majority-859322/

-- Quidnet attracts investment, forms energy storage partnership in Texas

Houston, Texas-based long-duration energy storage solutions (LDES) provider Quidnet Energy has attracted an equity investment from local peer Hunt Energy Network (HEN) in addition to an agreed collaboration on deploying 300 MW of projects across the state.

Read more: https://renewablesnow.com/news/quidnet-attracts-investment-forms-energy-storage-partnership-in-texas-859349/

-- Homecoming Capital bets on OSW ports developer CET

Homecoming Capital has committed to making an initial investment of USD 50 million in US offshore wind (OSW) port infrastructure developer Clean Energy Terminals (CET) to help it advance its project pipeline.

Read more: https://renewablesnow.com/news/homecoming-capital-bets-on-osw-ports-developer-cet-859352/

-- Recurrent Energy divests 49.9-MWp UK solar project to Centrica

Recurrent Energy, a unit of Canadian Solar Inc, said it has completed the sale of the 49.9-MWp Middle Road solar project in the West Midlands, England, to Centrica Business Solutions.

Read more: https://renewablesnow.com/news/recurrent-energy-divests-499-mwp-uk-solar-project-to-centrica-859405/

-- Repsol seeks partner for USD-600m US renewables portfolio - report

Spain’s Repsol SA is seeking to land a partner to pass on to it a 50% stake in its renewables portfolio of some 800 MW of assets in the United States, Spanish business daily newspaper Expansion reported.

Read more: https://renewablesnow.com/news/repsol-seeks-partner-for-usd-600m-us-renewables-portfolio-report-859406/

-- Maxeon Solar gives control to TZE to secure sufficient liquidity

Maxeon Solar Technologies Ltd has resorted to support from its largest shareholder in order to meet its immediate liquidity needs, the Singapore-based firm said on Thursday in its first-quarter financial report which shows declining revenue and shipments.

Read more: https://renewablesnow.com/news/maxeon-solar-gives-control-to-tze-to-secure-sufficient-liquidity-859407/

-- SEFE gets EU nod to gain full control of Wiga

German nationalised energy company Securing Energy for Europe GmbH (SEFE) has received EU approval to take full control of gas network operator Wiga in a move that would support Germany’s hydrogen strategy.

Read more: https://renewablesnow.com/news/sefe-gets-eu-nod-to-gain-full-control-of-wiga-859495/

-- Energy SpA to take control of storage systems installer Enermore

Italian renewable energy storage provider Energy SpA has reached a preliminary agreement to buy a 90% stake in local system installation firm Enermore Srl from German holding company Natural Resources Holding AG, securing access to the German-speaking region through the deal.

Read more: https://renewablesnow.com/news/energy-spa-to-take-control-of-storage-systems-installer-enermore-859498/

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