Weekly renewables M&A round-up (Nov 22-26)

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Renewables Now covered M&A stories about RWE, Ørsted, Meridian Energy, Shell and others over the past week. Below is the full list:

-- RWE to sell solar developer Belectric to CEZ

German energy company RWE AG (ETR:RWE) is selling solar PV plant developer subsidiary Belectric to Czech CEZ Group, Germany's competition regulator said.

-- Nofar to set up Polish JV for 1.25 GW of wind, solar

Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) has agreed to form a joint venture (JV) with Polish engineering specialist and power producer Electrum Sp zoo to develop up to 1.25 GW of wind and solar projects in Poland.

-- Ørsted buys 302-MW wind farm in Illinois

Danish clean energy group Ørsted A/S (CPH:ORSTED) said it has acquired the 302-MW Lincoln Land Wind farm in Illinois, broadening its operational footprint in the US.

-- Meridian Energy to sell Aussie renewables biz to Shell, ICG

Royal Dutch Shell Plc (AMS:RDSA; LON:RDSA) has teamed up with Australian infrastructure investor Infrastructure Capital Group, or ICG, to purchase Meridian Energy Ltd's (NZE:MEL) Australian business for AUD 729 million, a regulatory filing showed.

-- APA buys debt interest in Tasmania-Victoria link, interested in acquiring asset

Australian energy infrastructure company APA Group (ASX:APA) said it has acquired a stake in the debt of Basslink, the Tasmania-mainland Australia interconnector, and is interested in buying the link.

-- Apollo funds to buy 50% of 21-GW renewable platform Broad Reach Power

Funds managed by US investment firm Apollo Global Management Inc (NYSE:APO) have agreed to purchase a 50% interest in US platform Broad Reach Power LLC which owns a 21-GW portfolio of wind, solar and energy storage projects.

-- Octopus Renewables to raise GBP 74m to support investments

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) plans to carry out a placing to raise gross proceeds of up to around GBP 73.9 million so as to finance investments in renewable energy assets across Europe.

-- B.Grimm buys majority stake in 48-MW wind project in Vietnam

Thai group B.Grimm Power PCL (BKK:BGRIM) has closed the acquisition of an 80% stake in a Vietnamese vehicle developing a 48-MW wind farm project in Vietnam.

-- Germany's Mainova invests in Lorenz Energie to boost solar PV business

German regional energy company Mainova AG (FRA:MNV6) has acquired a 49.9% stake in local Lorenz Energie GmbH as part of a capital increase in an effort to further expand its solar PV and landlord-to-tenant electricity operations.

-- OX2 buys rights to 45 MW of solar projects in Sweden

Swedish renewables developer OX2 AB said it has acquired the rights to two early-stage solar projects in Skane, Sweden, from compatriot Helios Nordic Energy, as part of its increased focus on solar power.

-- Smith to shed solar procurement arm Ontility

NF Smith & Associates announced it has agreed to divest its solar products and technology division, known as Ontility Powered by Smith, to TerrePower, a newly-formed unit of BBB Industries LLC which specialises in the upcycling of solar panels and electric vehicle (EV) batteries.

-- Tech firm Lancium locks USD 150m for renewables-powered bitcoin mining

Software and energy infrastructure solutions provider Lancium Technologies Corp has secured USD 150 million to expand its renewable energy-run bitcoin mining business.

-- OX2 snaps up 70-MW Swedish wind project from RWE Renewables

Swedish renewables developer OX2 AB said it has purchased the rights to a 70-MW wind power project in Sweden from the renewables unit of German energy major RWE AG (ETR:RWE).

-- ContourGlobal wraps up deal for 18 MW of solar in Italy

UK power generation business ContourGlobal Plc (LON:GLO) announced it has completed the acquisition of 18 MW of operating solar photovoltaic (PV) power plants in Italy in partnership with Swiss investment manager Energy Infrastructure Partners AG (EIP).

-- Brickability takes over HBS Group Southern's renewable energy ops

England-based HBS Group Southern said it has sold its renewable energy business HBS NE Limited to construction materials company Brickability Group (LON:BRCK).

-- Plug Power closes buy of liquid hydrogen specialist ACT

Turnkey hydrogen solutions provider Plug Power Inc (NASDAQ:PLUG) said it has finalised the acquisition of sector player Applied Cryo Technologies Inc (ACT), which will allow it to grow its green hydrogen ecosystem.

-- Ecoenergy buys 87 MWp solar project in Romania

International independent producer of utility-scale renewable energy projects Ecoenergy has acquired an 87 MWp solar power development project in Parau, central Romania, deal advisor Vlasceanu, Nyerges and Partners said.

-- Greencoat UK Wind gets GBP 450m in equity raise

Greencoat UK Wind Plc (LON:UKW) has secured GBP 450 million of gross proceeds in an oversubscribed equity raise, which will be used to fund its investment in the Burbo Bank Extension wind farm in UK waters.

-- Pacifico closes 51.8-MW Polish wind buy, ups 2021 revenue forecast

German renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) said it has closed the acquisition of a 51.8-MW wind farm portfolio in Poland and released an updated forecast for its 2021 financial performance.

-- Nofar Energy buys 185-MW solar project bundle in Poland

Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) said it has acquired a 185-MW portfolio of solar projects in Poland as part of its plan to grow on the local renewable energy market.

-- Good Energy to exit 47.5-MW generation portfolio in EV shift

Good Energy Group Plc (LON:GOOD) said it is putting its entire 47.5-MW portfolio of renewable electricity generation assets on the block, as it seeks to speed up a transition from a renewable utility to a decentralised clean energy and electric mobility services provider.

-- EQT takes 96% in Spain's Solarpack, squeeze-out and delisting by end-2021

A fund affiliated with Swedish investment firm EQT AB (STO:EQT) has completed a voluntary tender offer for most of the shares in Spain’s Solarpack Corporacion Tecnologica SA (BME:SPK) and is on its way to execute a squeeze-out and delist the solar company by the end of the year.

-- CCE-Enernovum JV sells project rights to 254-MW of solar in Italy

Austria-based solar developer CCE Group GmbH and its German peer Enernovum GmbH & Co KG, through their joint venture (JV), have sold rights to 254 MW of PV projects in Italy, CCE has announced.

-- Lithuania's AIE buys 186 MW of wind at home, Axpo bags PPAs

Lithuanian closed-end investment company JSC Atsinaujinancios energetikos investicijos (AIE) said it has acquired three wind projects totalling 186 MW in the home market under a deal with Denmark’s European Energy A/S.