Weekly renewables M&A round-up (Nov 13-17)

Renewables Now covered M&A stories about Ørsted, BW Ideol, Enbridge, Repsol and others in the past week. Below is the full list:

-- Sembcorp buying 245 MW of Vietnamese renewables in deal with Gelex

Singapore’s Sembcorp Industries Ltd said it has agreed to buy majority stakes in units of Vietnam’s Gelex Group JSC in a SGD-218-million deal that would provide it with 245 MW of renewables capacity.

Read more: https://renewablesnow.com/news/sembcorp-buying-245-mw-of-vietnamese-renewables-in-deal-with-gelex-839999/

-- Technique Solaire pockets EUR 200m to back growth plans

French independent renewable power producer Technique Solaire has raised EUR 200 million in a funding round among its founders and existing shareholders Credit Agricole Group and Bpifrance.

Read more: https://renewablesnow.com/news/technique-solaire-pockets-eur-200m-to-back-growth-plans-840042/

-- Germany buys minority stake in TSO TransnetBW

German energy company EnBW Energie Baden-Wuerttemberg AG has concluded its plan to sell a minority stake in its transmission system operator (TSO) TransnetBW after state-owned lender KfW took the remaining 24.95% shareholding up for sale.

Read more: https://renewablesnow.com/news/germany-buys-minority-stake-in-tso-transnetbw-840065/

-- Octopus buys 5% of 288-MW German offshore wind park

The generation arm of Britain's Octopus Energy has made a debut offshore wind investment in Germany with the acquisition of a 5% stake in 288-MW Butendiek wind park in the North Sea from ewz, the Zurich Municipal Electric Utility.

Read more: https://renewablesnow.com/news/octopus-buys-5-of-288-mw-german-offshore-wind-park-840091/

-- AEP to spend USD 9.4bn on regulated renewables

American Electric Power Company Inc intends to invest USD 9.4 billion in regulated renewables over the next five years as part of its plan to add 21.5 GW of diverse generation in the period 2024-2033.

Read more: https://renewablesnow.com/news/aep-to-spend-usd-94bn-on-regulated-renewables-840121/

-- NZ's Eastland Generation gets Japanese investment for geothermal growth

New Zealand’s Eastland Group said it has successfully raised capital for Eastland Generation’s renewable project pipeline by selling half of the business to Japanese construction and engineering company Obayashi Corp.

Read more: https://renewablesnow.com/news/nzs-eastland-generation-gets-japanese-investment-for-geothermal-growth-840138/

-- Foresight fund backs developer of 62-MW Dutch geothermal plan

UK-based Foresight Energy Infrastructure Partners (FEIP) has invested in 85 Degrees Renewables in a deal that will enable the geothermal company to bankroll the construction of a 61.8-MW project in the Netherlands.

Read more: https://renewablesnow.com/news/foresight-fund-backs-developer-of-62-mw-dutch-geothermal-plan-840167/

-- Emeren, Eiffel JV to sell 29 MWp of Spanish solar projects

US-based solar energy developer Emeren Group Ltd has signed an agreement to sell 29 MWp of solar photovoltaic projects in Spain it holds in a joint venture (JV) with French asset manager Eiffel Investment Group.

Read more: https://renewablesnow.com/news/emeren-eiffel-jv-to-sell-29-mwp-of-spanish-solar-projects-840190/

-- Ørsted exits partnership for Norwegian offshore wind

Ørsted A/S is leaving a partnership for the development of offshore wind in Norway that it joined more than two years ago.

Read more: https://renewablesnow.com/news/rsted-exits-partnership-for-norwegian-offshore-wind-840193/

-- Offer launched to take floating wind firm BW Ideol private

BW Sirocco Holdings AS launched its offer to acquire all outstanding shares in France-based floating offshore wind specialist BW Ideol AS not already held by the “initiating shareholders.”

Read more: https://renewablesnow.com/news/offer-launched-to-take-floating-wind-firm-bw-ideol-private-840227/

-- Tekmar agrees buyout of Ryder Geotechnical

UK subsea cable protection provider Tekmar Group PLC has sealed a deal to acquire the remaining 20% stake in Ryder Geotechnical Limited, a provider of expert geotechnical design and consulting services to the offshore oil and gas and renewables sectors.

Read more: https://renewablesnow.com/news/tekmar-agrees-buyout-of-ryder-geotechnical-840234/

-- Encavis' asset manager buys 31-MW Dutch agrivoltaic park

German wind and solar parks operator Encavis AG said that its asset management unit has bought a 31-MW agrivoltaic park in the Netherlands that was commissioned earlier this year.

Read more: https://renewablesnow.com/news/encavis-asset-manager-buys-31-mw-dutch-agrivoltaic-park-840258/

-- Global Atlantic sells minority holding in 2.2 GW of US solar, storage

US insurance company Global Atlantic Financial Group has sold its 33% holding in a 2.2-GW operating US solar and storage portfolio to Dutch pension provider APG.

Read more: https://renewablesnow.com/news/global-atlantic-sells-minority-holding-in-22-gw-of-us-solar-storage-840259/

-- Armor Group buys 20% of French solar module maker HoloSolis

French coating solutions provider Armor Group said it has acquired a 20% stake in compatriot HoloSolis, a recently founded company with plans for a 5-GW factory for photovoltaic (PV) cells and panels at home.

Read more: https://renewablesnow.com/news/armor-group-buys-20-of-french-solar-module-maker-holosolis-840268/

-- Battery tech firm Element Energy racks up USD 111m

US battery management technology company Element Energy has raised USD 111 million in debt and equity capital to advance the deployment of its systems in utility-scale applications before the end of the year.

Read more: https://renewablesnow.com/news/battery-tech-firm-element-energy-racks-up-usd-111m-840308/

-- Foresight Solar sells 50% stake in 99-MW Spanish portfolio

UK’s Foresight Solar Fund Ltd said it has sold a 50% stake in the 99-MW Lorca portfolio of operational solar farms in Spain.

Read more: https://renewablesnow.com/news/foresight-solar-sells-50-stake-in-99-mw-spanish-portfolio-840413/

-- Enbridge invests in 577-MW Ohio solar project of EDF Renewables

Canadian energy company Enbridge Inc is investing in the 749-MW DC/577-MW AC Fox Squirrel solar project in Ohio of EDF Renewables North America, part of French power company EDF, the parties said.

Read more: https://renewablesnow.com/news/enbridge-invests-in-577-mw-ohio-solar-project-of-edf-renewables-840418/

-- Cox Enterprises bets USD 250m on DSD Renewables

US conglomerate Cox Enterprises Inc has made its largest renewable energy investment to date, a USD-250-million bet on DSD Renewables (DSD) to support its growth.

Read more: https://renewablesnow.com/news/cox-enterprises-bets-usd-250m-on-dsd-renewables-840432/

-- Spain's EiDF closes sale of 39 MW of solar PPAs to Brookfield entity

Spanish solar energy installer EiDF announced it has finalised the sale of power purchase agreements (PPA) linked to 39 MW of solar self-consumption systems to Finlight Corporate SLU, an affiliate of Brookfield Asset Management.

Read more: https://renewablesnow.com/news/spains-eidf-closes-sale-of-39-mw-of-solar-ppas-to-brookfield-entity-840454/

-- EnfraGen closes buy of 188-MW Lat Am renewables bundle

EnfraGen LLC, a Latin America-focused renewables and grid business, has wrapped up the acquisition of a 188-MW portfolio of wind, solar and hydropower (HPP) plants in Panama and Costa Rica and concluded a debt refinancing deal.

Read more: https://renewablesnow.com/news/enfragen-closes-buy-of-188-mw-lat-am-renewables-bundle-840490/

-- Pacific Green takes majority in 500-MW Italian BESS portfolio

British battery storage developer Pacific Green Technologies Inc has taken a 51% stake in a 500-MW/2,800-MWh portfolio of battery energy storage system (BESS) projects in Italy from Sphera Energy Srl.

Read more: https://renewablesnow.com/news/pacific-green-takes-majority-in-500-mw-italian-bess-portfolio-840528/

-- Zara boss buys stake in Repsol's 618-MW renewables portfolio in Spain

Spanish multi-energy group Repsol SA announced it has closed its third deal with private investment house Pontegadea, selling a 49% stake in a 618-MW portfolio of wind and solar farms in Spain.

Read more: https://renewablesnow.com/news/zara-boss-buys-stake-in-repsols-618-mw-renewables-portfolio-in-spain-840539/

-- Octopus makes stronger bet on offshore wind with GBP-3bn fund

British renewable energy group Octopus Energy announced that its generation arm is launching a new GBP-3-billion fund, its first ever to be dedicated solely to offshore wind, with Tokyo Gas Co Ltd attracted as a cornerstone backer.

Read more: https://renewablesnow.com/news/octopus-makes-stronger-bet-on-offshore-wind-with-gbp-3bn-fund-840554/

-- BlackRock makes USD-1bn first close on green infra fund

US investment giant BlackRock’s Evergreen Infrastructure fund, focused on investments in energy transition and energy security in Europe and North America, has raised nearly USD 1 billion at its first close.

Read more: https://renewablesnow.com/news/blackrock-makes-usd-1bn-first-close-on-green-infra-fund-840558/

-- Meyer Group, Smulders to form offshore converter platforms JV

Neptun Werft, part of shipbuilding company Meyer Group, and Belgian steel construction company Smulders are teaming up to build offshore converter platforms at Neptun Werft’s Warnemuende site in Germany.

Read more: https://renewablesnow.com/news/meyer-group-smulders-to-form-offshore-converter-platforms-jv-840579/

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