Weekly renewables M&A round-up (May 6-10)

Renewables Now covered M&A stories about Italy's Enel and A2A, Macquarie, Calpine, and others this week. Below is the full list:

-- R.Power buying 41.1-MWp solar portfolio in Poland

Poland’s R.Power Renewables has clinched a deal to acquire the company holding the rights to a 41.1-MWp portfolio of solar projects in Poland as part of its plans to expand on the local market.

Read more: https://renewablesnow.com/news/rpower-buying-411-mwp-solar-portfolio-in-poland-856763/

-- Aream, Eiffel set up JV to deliver over 500 MWp of solar in Germany

German renewables investor and asset manager Aream Group announced it has formed a joint venture (JV) with France’s Eiffel Investment Group, aiming to develop a pipeline of solar photovoltaic and battery storage projects in Germany over the coming years.

Read more: https://renewablesnow.com/news/aream-eiffel-set-up-jv-to-deliver-over-500-mwp-of-solar-in-germany-856844/

-- CPP Investments, GIP to buy Allete in USD-6.2bn take-private deal

A partnership led by Canada Pension Plan Investment Board (CPP Investments) and New York-based infrastructure investor Global Infrastructure Partners (GIP) has agreed to acquire US energy company Allete Inc for USD 6.2 billion including the assumption of debt, the parties announced.

Read more: https://renewablesnow.com/news/cpp-investments-gip-to-buy-allete-in-usd-62bn-take-private-deal-856845/

-- EC clears Ørsted’s stake sale in 957-MW wind portfolio in US

The European Commission has greenlit Stonepeak Infrastructure Partners’ proposed acquisition of stakes in a 957-MW portfolio of US wind farms from Denmark-based Ørsted A/S.

Read more: https://renewablesnow.com/news/ec-clears-rsteds-stake-sale-in-957-mw-wind-portfolio-in-us-856912/

-- Climate investor SEIT sells UK onsite solar portfolio for EUR 106m

London-listed climate investor SDCL Energy Efficiency Income Trust plc said it has sold UU Solar, a 69-MW UK on-site renewables portfolio of predominantly solar assets, for GBP 90.8 million.

Read more: https://renewablesnow.com/news/climate-investor-seit-sells-uk-onsite-solar-portfolio-for-eur-106m-856925/

-- Geothermal start-up Zanskar bags USD 30m for next phase of growth

US AI-powered geothermal discovery start-up Zanskar Geothermal & Minerals announced the closing of a USD-30-million funding round that will help it advance its technology and progress greenfield projects to cater new partnerships.

Read more: https://renewablesnow.com/news/geothermal-start-up-zanskar-bags-usd-30m-for-next-phase-of-growth-856940/

-- Renewables firm Ampin secures USD 35m from responsAbility

ResponsAbility Investments AG has agreed to invest up to USD 35 million in Ampin Energy Transition Private Limited to help the India-based renewable energy platform advance its development pipeline at home.

Read more: https://renewablesnow.com/news/renewables-firm-ampin-secures-usd-35m-from-responsability-856952/

-- Exus buys 51-MW shovel-ready wind farm in Spain

Renewable energy asset management firm Exus Renewables has acquired a 51-MW wind farm project in northern Spain, further expanding its portfolio of renewable energy assets in Europe.

Read more: https://renewablesnow.com/news/exus-buys-51-mw-shovel-ready-wind-farm-in-spain-856973/

-- Ocean Winds completes minority stake sale in Moray East

EDP Renovaveis SA announced that Ocean Winds (OW), its joint venture with Engie SA, has completed the sale of a 16.6% stake in the 950-MW Moray East offshore wind farm to funds managed by Equitix Investment Management Ltd.

Read more: https://renewablesnow.com/news/ocean-winds-completes-minority-stake-sale-in-moray-east-857030/

-- A2A buys majority stake in 112-MWp Italian solar project

Italian utility A2A SpA will grow its footprint in its home market by acquiring a majority stake in a company holding the rights to a 112.1-MWp solar photovoltaic (PV) park in Northern Italy.

Read more: https://renewablesnow.com/news/a2a-buys-majority-stake-in-112-mwp-italian-solar-project-857033/

-- Trafigura agrees to buy more of Greenergy’s foreign ops

Trafigura Group Pte Ltd has agreed to buy the Canadian supply operations of British road fuels supplier and biodiesel producer Greenergy from an affiliate of Brookfield Asset Management, expanding a recent deal for Greenergy’s European business.

Read more: https://renewablesnow.com/news/trafigura-agrees-to-buy-more-of-greenergys-foreign-ops-857056/

-- Octopus Energy says valuation hits USD 9bn as 2 investors raise stakes

Britain’s Octopus Energy said its valuation reached USD 9 billion after securing additional investment from existing shareholders Generation Investment Management and Canada Pension Plan Investment Board (CPP Investments).

Read more: https://renewablesnow.com/news/octopus-energy-says-valuation-hits-usd-9bn-as-2-investors-raise-stakes-857096/

-- Vesper Energy sells 50-MW solar-plus-storage project in California

US renewables developer-operator Vesper Energy has sold its Deer Creek solar and storage site located in Tulare County, California.

Read more: https://renewablesnow.com/news/vesper-energy-sells-50-mw-solar-plus-storage-project-in-california-857104/

-- Macquarie gets EU nod to buy into Norsk Hydro's renewables ops

The European Commission (EC) has given the go-ahead to Macquarie Asset Management’s deal to acquire a 49.9% stake in Hydro Rein, the renewable energy business of Norwegian aluminium supplier Norsk Hydro ASA.

Read more: https://renewablesnow.com/news/macquarie-gets-eu-nod-to-buy-into-norsk-hydros-renewables-ops-857163/

-- Electrolyser maker Hysata secures USD 111m to expand production

Australia-based electrolyser maker Hysata has raised USD 111.3 million in a Series B round led by bp Ventures and Templewater Group, with plans to use the money to expand the production capacity of its Wollongong factory in New South Wales.

Read more: https://renewablesnow.com/news/electrolyser-maker-hysata-secures-usd-111m-to-expand-production-857168/

-- Japan's Chubu finalises stake buy in Ecowende offshore wind JV

Japanese utility Chubu Electric Power Co Inc announced the completion of its acquisition of a 30% stake in the 760-MW Ecowende offshore wind project in the Netherlands.

Read more: https://renewablesnow.com/news/japans-chubu-finalises-stake-buy-in-ecowende-offshore-wind-jv-857220/

-- Austrian utility Energie AG targets 180 MW of renewables in Slovenia

Austrian electric utility Energie AG Oberosterreich has acquired a 29.4% stake in Slovenia-based wind and solar developer AAE Gamit amid plans to deliver over 180 MW of projects in the country, mostly wind.

Read more: https://renewablesnow.com/news/austrian-utility-energie-ag-targets-180-mw-of-renewables-in-slovenia-857286/

-- Owners weigh up options for power producer Calpine - report

The owners of US power producer Calpine Corporation are considering strategic alternatives for the business, including taking the company public again, a stake sale or a complete exit, Reuters reported, citing sources in the know.

Read more: https://renewablesnow.com/news/owners-weigh-up-options-for-power-producer-calpine-report-857317/

-- PE firm IPS backs US battery start-up WinBat

Wisconsin Battery Company (WinBat) announced it has secured USD 5 million which it will use to advance the development of prototypes for its hemp carbon battery technology and the construction and buildout of its new manufacturing facility in Portage, Wisconsin.

Read more: https://renewablesnow.com/news/pe-firm-ips-backs-us-battery-start-up-winbat-857329/

-- Enel finalises USD-1.3bn sale of stakes in Peruvian generation ops

Enel Peru SAC has closed the previously announced sale of all the equity stakes held in two Peruvian power generation companies to Actis-controlled Niagara Energy SAC after obtaining clearance from the relevant antitrust authority.

Read more: https://renewablesnow.com/news/enel-finalises-usd-13bn-sale-of-stakes-in-peruvian-generation-ops-857362/

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