Weekly renewables M&A round-up (May 8-12)

Renewables Now covered M&A stories about NextEra Energy Partners, KGAL, Brookfield, Ingka Group and others in the past week. Below is the full list:

-- EnfraGen to buy 188-MW renewable portfolio in Panama, Costa Rica

EnfraGen LLC, a Latin America-focused renewables and grid business, announced a deal to acquire a 188-MW portfolio of wind, solar and hydropower (HPP) plants in Panama and Costa Rica.

Read more: https://renewablesnow.com/news/enfragen-to-buy-188-mw-renewable-portfolio-in-panama-costa-rica-822299/

-- Technip Energies, John Cockerill to form green hydrogen JV

Paris-based Technip Energies and Belgian company John Cockerill have joined forces to launch Rely, a company that will offer end-to-end green hydrogen solutions for industrial and utility-scale projects, the companies said.

Read more: https://renewablesnow.com/news/technip-energies-john-cockerill-to-form-green-hydrogen-jv-822300/

-- OX2 wraps up acquisition of renewables developer ESCO Pacific

Swedish renewables developer OX2 AB said it has completed the AUD-126-million acquisition of Australian peer ESCO Pacific, adding a 1.42-GW project development portfolio to its platform.

Read more: https://renewablesnow.com/news/ox2-wraps-up-acquisition-of-renewables-developer-esco-pacific-822344/

-- NextEra Energy Partners to get rid of natural gas pipeline assets

NextEra Energy Partners LP, the growth-oriented limited partnership formed by NextEra Energy Inc, unveiled a plan to simplify its capital structure by disposing of its natural gas pipeline assets and becoming a pure-play renewables investor.

Read more: https://renewablesnow.com/news/nextera-energy-partners-to-get-rid-of-natural-gas-pipeline-assets-822370/

-- KGAL ensures over 200 MW of Polish solar for impact fund via new JV

KGAL Investment Management announced it has acquired a majority stake in a Polish renewable energy project pipeline to feed its KGAL ESPF 5 impact fund.

Read more: https://renewablesnow.com/news/kgal-ensures-over-200-mw-of-polish-solar-for-impact-fund-via-new-jv-822440/

-- Actis launches Japanese platform targeting 1.1 GW of wind, solar

London-based sustainable infrastructure investor Actis announced the launch of its Japan-focused renewables platform Nozomi Energy which will aim to create 1.1 GW of onshore wind and solar generation by 2027.

Read more: https://renewablesnow.com/news/actis-launches-japanese-platform-targetting-11-gw-of-wind-solar-822474/

-- Hydro Rein, GreenGo partner on 118 MW of solar projects in Sweden

Hydro Rein has agreed to acquire two early-stage solar projects with a combined capacity of 118 MW in Sweden from Danish developer GreenGo Energy, it was announced.

Read more: https://renewablesnow.com/news/hydro-rein-greengo-partner-on-118-mw-of-solar-projects-in-sweden-822504/

-- Brookfield fund seeks control over Chile's Cerro Dominador plant

Brookfield Infrastructure Debt I LP, a fund affiliated with Canadian investment manager Brookfield Corp and its family of companies, is interested in wielding decisive influence over the management of the Cerro Dominador concentrated solar power (CSP) and photovoltaic complex in Chile, according to a notice to Chilean antitrust authority FNE.

Read more: https://renewablesnow.com/news/brookfield-fund-seeks-control-over-chiles-cerro-dominador-plant-822526/

-- Shizen Energy to form JV to develop renewables projects in S Korea

Japanese renewables developer Shizen Energy Inc has agreed to set up a joint venture with two partners to develop energy storage, onshore renewables, and offshore wind energy projects in South Korea.

Read more: https://renewablesnow.com/news/shizen-energy-to-form-jv-to-develop-renewables-projects-in-s-korea-822607/

-- Floating platform developer Gazelle acquires naval architecture firm

Gazelle Wind Power, a Dublin-based developer of a floating offshore wind platform, has agreed to acquire a majority stake in Spanish-based naval architect and marine consulting firm Faustino Carceller SL to speed up the development of its platform.

Read more: https://renewablesnow.com/news/floating-platform-developer-gazelle-acquires-naval-architecture-firm-822657/

-- Spain's EiDF takes over 42.7 MW of C&I solar projects at home

Spanish solar energy installer EiDF said it has acquired minority stakes in roughly 42.7 MW of commercial and industrial (C&I) solar projects in Spain and gained full ownership.

Read more: https://renewablesnow.com/news/spains-eidf-takes-over-427-mw-of-ci-solar-projects-at-home-822662/

-- Aspen Power buys 37-MWdc community solar portfolio in Maine

US distributed generation platform Aspen Power Partners announced it has bought a portfolio of 15 ground-mounted community solar projects in Maine with a combined capacity of 37 MWdc.

Read more: https://renewablesnow.com/news/aspen-power-buys-37-mwdc-community-solar-portfolio-in-maine-822682/

-- Weinberg Capital bets on French PV developer Orion Energies

France-based private equity firm Weinberg Capital Partners announced it has taken a minority stake in local independent solar energy developer and producer Orion Energies with a commitment to help the company accelerate its growth.

Read more: https://renewablesnow.com/news/weinberg-capital-bets-on-french-pv-developer-orion-energies-822690/

-- Spain's Soltec narrows net loss in Q1, sells assets in Colombia

Spanish solar trackers maker and project developer Soltec Power Holdings SA posted a net loss of EUR 9.6 million for the first quarter of 2023, compared to a loss of EUR 15.5 million in the same period a year back.

Read more: https://renewablesnow.com/news/spains-soltec-narrows-net-loss-in-q1-sells-assets-in-colombia-822757/

-- Verano Energy buys 296 MWp of solar projects in Colombia

Latin America-focused renewables developer Verano Energy has acquired three solar projects totalling 296 MWp in Colombia, regional media reported, citing a press release.

Read more: https://renewablesnow.com/news/verano-energy-buys-296-mwp-of-solar-projects-in-colombia-822766/

-- Ingka to buy more offshore wind stakes from OX2, this time in Finland

Swedish renewables developer OX2 AB has entered into an agreement to sell a minority stake to Ingka Investments in its portfolio of three offshore wind projects in Finland representing a total installed capacity potential of 6 GW.

Read more: https://renewablesnow.com/news/ingka-to-buy-more-offshore-wind-stakes-from-ox2-this-time-in-finland-822842/

-- First Solar acquires perovskite specialist Evolar

US thin-film photovoltaics (PV) maker First Solar Inc announced the acquisition of perovskite technology specialist Evolar AB to accelerate its efforts to develop next-generation tandem PV technology.

Read more: https://renewablesnow.com/news/first-solar-acquires-perovskite-specialist-evolar-822861/

-- Green hydrogen specialist H2B2 to go public via USD-750m merger

H2B2 Electrolysis Technologies, a Spain-based manufacturer of electrolysers and developer of fully-integrated green hydrogen plants, has reached a deal to go public via a USD-750-million merger with blank-check firm RMG Acquisition Corp III (RMG III), the two said.

Read more: https://renewablesnow.com/news/green-hydrogen-specialist-h2b2-to-go-public-via-usd-750m-merger-822896/

-- BayWa r.e. sells 26-MW wind park in Austrian Alps

German renewables company Baywa r.e. AG said its subsidiary ECOwind is selling a 26-MW wind farm in the Austrian Alps which has been in operation since last summer.

Read more: https://renewablesnow.com/news/baywa-re-sells-26-mw-wind-park-in-austrian-alps-822913/

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