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

Renewables Now covered M&A stories about Elecnor, Saint-Gobain, Enel and others in the past week. Below is the full list:

-- GE Vernova, Alfanar team up on 334 MW of renewables in Spain

GE Vernova has acquired a 50% stake in a 334-MW portfolio with eight wind and solar power projects developed by Saudi engineering group Alfanar in Spain.

Read more: https://renewablesnow.com/news/ge-vernova-alfanar-team-up-on-334-mw-of-renewables-in-spain-840630/

-- Spain's Elecnor agrees to sell its renewables unit to Statkraft

Spanish infrastructure builder Elecnor SA has struck an agreement to sell its renewables unit Enerfin to Norwegian state-owned power company Statkraft AS.

Read more: https://renewablesnow.com/news/spains-elecnor-agrees-to-sell-its-renewables-unit-to-statkraft-840631/

-- Britain's OEG to buy Dutch offshore technical contractor Bluestream

UK offshore equipment and services business OEG Energy Group Limited said it has agreed to acquire Bluestream Offshore BV, a Dutch technical services contractor operating in the oil and gas and renewable energy markets.

Read more: https://renewablesnow.com/news/britains-oeg-to-buy-dutch-offshore-technical-contractor-bluestream-840652/

-- CHN Energy, Longyuan plan 11 GW of "new energy" in Chinese desert

China Energy Investment Corp (CHN Energy) and its majority-owned unit China Longyuan Power Group have agreed to set up a CNY-3-billion joint venture to build a new multi-gigawatt-scale "new energy" desert base in China that includes renewables and energy storage.

Read more: https://renewablesnow.com/news/chn-energy-longyuan-plan-11-gw-of-new-energy-in-chinese-desert-840654/

-- Chinese PV solutions supplier TSUN raises USD 21m

Chinese solar kits, microinverters and energy storage company TSUNESS Co Ltd (TSUN) has recently raised over CNY 150 million in a Series B funding round led by IDG Capital to improve its capabilities in automated production lines, production capacity, and technological advancements.

Read more: https://renewablesnow.com/news/chinese-pv-solutions-supplier-tsun-raises-usd-21m-840664/

-- Innergex buys remaining stake in 34-MW solar thermal plant in Chile

Denmark’s Investment Fund for Developing Countries (IFU) announced it has sold the 45% stake it held in the 34-MW Pampa Elvira Solar thermal plant in Chile to Canada’s Innergex Renewable Energy Inc.

Read more: https://renewablesnow.com/news/innergex-buys-remaining-stake-in-34-mw-solar-thermal-plant-in-chile-840683/

-- R.Power buys 18-MWp Polish solar bundle from Elawan

Poland’s R.Power Renewables said it has bought an 18-MWp solar project portfolio at home from Madrid-based Elawan Energy, part of Japanese financial services group ORIX Corporation.

Read more: https://renewablesnow.com/news/rpower-buys-18-mwp-polish-solar-bundle-from-elawan-840775/

-- DIF Capital to take control of Dutch solar firm Novar

Global infrastructure investment manager DIF Capital Partners unveiled a deal to take a 60% stake in Novar, a Dutch ground-mounted solar PV firm and independent power producer (IPP) backed by German engineering, procurement and construction (EPC) provider Ib vogt.

Read more: https://renewablesnow.com/news/dif-capital-to-take-control-of-dutch-solar-firm-novar-840838/

-- Infranity buys minority stake in French solar IPP Terre et Lac

Paris-based asset manager Infranity has acquired a “significant minority” stake in French solar developer and independent power producer (IPP) Terre et Lac.

Read more: https://renewablesnow.com/news/infranity-buys-minority-stake-in-french-solar-ipp-terre-et-lac-840865/

-- Exus, Glencore form LatAm-focused renewables JV

Madrid-based investor Exus Management Partners has set up a joint venture (JV) called GenuX with Swiss mining and commodities trading company Glencore Plc to pursue renewable energy development in Latin America.

Read more: https://renewablesnow.com/news/exus-glencore-form-latam-focused-renewables-jv-840867/

-- Fortum, partners in talks over 185-MW solar sale in India - report

Infrastructure investors Actis, Edelweiss and Malaysian state-owned oil and gas company Petronas are holding talks over the potential acquisition of a 185-MW solar portfolio in India held by Finnish utility Fortum Oyj and its partners, the Economic Times reports.

Read more: https://renewablesnow.com/news/fortum-partners-in-talks-over-185-mw-solar-sale-in-india-report-840887/

-- Saint-Gobain bets on Gen-Hy under green hydrogen partnership

French building materials maker Compagnie de Saint-Gobain SA has made an equity investment in domestic hydrogen electrolysers maker Gen-Hy as part of a broader cooperation aimed at cheaper and more efficient green hydrogen production.

Read more: https://renewablesnow.com/news/saint-gobain-bets-on-gen-hy-under-green-hydrogen-partnership-840899/

-- OX2 sells 82 MW of Spanish solar projects to Israel's Afcon

Swedish renewables developer OX2 AB has sold 82 MW of solar projects in Spain to Israel’s Afcon Renewable Energy, the companies announced.

Read more: https://renewablesnow.com/news/ox2-sells-82-mw-of-spanish-solar-projects-to-israels-afcon-840969/

-- European Energy unveils Italian solar project divestments

Danish renewables developer European Energy A/S has offloaded a 68-MW solar project in Italy and sold half of its ownership in a 163-MW scheme in the same country to Italian infrastructure investor Sosteneo SGR Spa.

Read more: https://renewablesnow.com/news/european-energy-unveils-italian-solar-project-divestments-840990/

-- Enel to shed Peruvian generation ops to Actis in USD-1.4bn deal

Chile-listed Enel Americas SA and Enel Perus SAC have agreed to sell their equity stakes in two Peruvian power generation companies to Actis-controlled Niagara Energy SAC for a total of USD 1.4 billion.

Read more: https://renewablesnow.com/news/enel-to-shed-peruvian-generation-ops-to-actis-in-usd-14bn-deal-841030/

-- EWZ to take control of Swedish solar developer Solare Nordic

Zurich-based utility EWZ is acquiring a 51% stake in Swedish developer Solare Nordic AB as part of a collaboration on the development of solar projects in Sweden.

Read more: https://renewablesnow.com/news/ewz-to-take-control-of-swedish-solar-developer-solare-nordic-841052/

-- Italy's Alerion to buy owner of 35-MW wind project in Wales

Italian renewable power producer Alerion Clean Power SpA said it has struck a deal to acquire Wind Farm Penant Walters Foelt Ltd, a British company holding the rights to a 35-MW wind park in Wales.

Read more: https://renewablesnow.com/news/italys-alerion-to-buy-owner-of-35-mw-wind-project-in-wales-841091/

-- Coro Energy hikes stake in Vietnamese solar venture

UK’s Coro Energy Plc announced it has increased its stake in its Vietnamese venture to 92.5% from 85% in preparation for the launch of a 50-MW rooftop solar project in Vietnam.

Read more: https://renewablesnow.com/news/coro-energy-hikes-stake-in-vietnamese-solar-venture-841154/

Choose your newsletter by Renewables Now. Join for free!