Weekly renewables M&A round-up (Nov 27-Dec 1)

Renewables Now covered M&A stories about Octopus Energy, BP, OX2 and others in the past week. Below is the full list:

-- Sunshine Hydro selling 20% stake in Aussie green H2 superhybrid

Australian renewable energy developer Sunshine Hydro has proposed offloading a 20% stake in its flagship project in Queensland envisaging the installation of a 600-MW pumped hydro storage facility and a 300-MW green hydrogen plant.

Read more: https://renewablesnow.com/news/sunshine-hydro-selling-20-stake-in-aussie-green-h2-superhybrid-841296/

-- Octopus takes 12.5% of England's Walney Extension offshore park

The green generation unit of Octopus Energy has acquired a 12.5% stake in the 659-MW Walney Extension wind farm in the Irish Sea, the British renewable energy group said on Monday.

Read more: https://renewablesnow.com/news/octopus-takes-125-of-englands-walney-extension-offshore-park-841308/

-- ZeroAvia pockets USD 116m in Series C funding round

British-American hydrogen-electric aircraft developer ZeroAvia said on Monday that it has finalised its Series C funding round, raising a total of USD 116 million (EUR 106.1m).

Read more: https://renewablesnow.com/news/zeroavia-pockets-usd-116m-in-series-c-funding-round-841333/

-- Technique Solaire buys 135.4 MWp of solar farms from India's ReNew

France’s Technique Solaire Group announced on Monday that it has finalised the acquisition of five ground-mounted solar farms with a combined capacity of 135.4 MWp in the Indian state of Karnataka.

Read more: https://renewablesnow.com/news/technique-solaire-buys-1354-mwp-of-solar-farms-from-indias-renew-841361/

-- Solar firm Suntuity, SPAC scrap tie-up plan

Suntuity Renewables and the blank check company it had agreed to merge with have decided to call off the planned tie-up that would have seen the US residential solar company become publicly traded in New York.

Read more: https://renewablesnow.com/news/solar-firm-suntuity-spac-scrap-tie-up-plan-841467/

-- Sembcorp to buy 428 MW of wind farms in China, India

Singapore’s Sembcorp Industries Ltd (SGX:U96) on Monday announced the signing of two separate agreements to acquire 428 MW of operational wind farms in China and India.

Read more: https://renewablesnow.com/news/sembcorp-to-buy-428-mw-of-wind-farms-in-china-india-841458/

-- Mirova invests EUR 140m in Portuguese developer Hyperion Renewables

Portuguese renewable energy developer Hyperion Renewables has secured a EUR-140-million (USD 153m) investment from French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers.

Read more: https://renewablesnow.com/news/mirova-invests-eur-140m-in-portuguese-developer-hyperion-renewables-841474/

-- Canadian-Mexican solar tech firm Solfium raises USD 3m in seed round

Canadian-Mexican solar technology start-up Solfium Inc said on Monday that it has closed a USD-3-million (EUR 2.7m) seed financing round at Mexico’s tech-focused BIVA stock exchange.

Read more: https://renewablesnow.com/news/canadian-mexican-solar-tech-firm-solfium-raises-usd-3m-in-seed-round-841507/

-- Summit Ridge buys 100-MW community solar portfolio in Virginia

US commercial solar company Summit Ridge Energy announced on Tuesday the acquisition of 19 community solar projects totalling 100 MW in Virginia from seven sellers.

Read more: https://renewablesnow.com/news/summit-ridge-buys-100-mw-community-solar-portfolio-in-virginia-841548/

-- TotalEnergies joins huge Morocco-UK renewables export project

French energy major TotalEnergies SE (EPA:TTE) has joined the Xlinks subsea cable project that will export 3.6 GW of renewable power from Morocco to the UK by acquiring a minority stake in the vehicle behind the scheme.

Read more: https://renewablesnow.com/news/totalenergies-joins-huge-morocco-uk-renewables-export-project-841554/

-- Encavis unit offloads 93 MW of European wind, solar assets

The asset management arm of German wind and solar parks operator Encavis AG (ETR:CAP) has unloaded a 93-MW portfolio of wind and solar parks in multiple European countries on behalf of an institutional investor.

Read more: https://renewablesnow.com/news/encavis-unit-offloads-93-mw-of-european-wind-solar-assets-841551/

-- Enefit Green to sell district heating biz in Estonia, Latvia

Estonian renewables company Enefit Green AS (TAL:EGR1T) said on Wednesday that it has agreed to sell its district heating operations in Paide, Estonia, and Valka, Latvia, to pursue growth in the wind and solar energy sectors in the region.

Read more: https://renewablesnow.com/news/enefit-green-to-sell-district-heating-biz-in-estonia-latvia-841557/

-- Modo Energy, UK data platform for grid-scale batteries, raises USD 15m

Modo Energy, a British data analytics platform for renewable energy assets, has raised USD 15 million (EUR 13.7m) in Series A funding to back its expansion plans.

Read more: https://renewablesnow.com/news/modo-energy-uk-data-platform-for-grid-scale-batteries-raises-usd-15m-841623/

-- WAM invests in Swedish clean-tech firm Plagazi

Germany-based Wermuth Asset Management GmbH (WAM) has made an equity investment in Plagazi, seeking to contribute to the Swedish green hydrogen technology firm’s growth.

Read more: https://renewablesnow.com/news/wam-invests-in-swedish-clean-tech-firm-plagazi-841630/

-- Ingka buys into more offshore wind projects of OX2

OX2 AB (STO:OX2) has agreed its third offshore wind partnership with the investment arm of Ingka Group, the largest IKEA retailer. The Swedish renewables developer is selling to Ingka Investments a 49% stake in two Swedish offshore wind projects, Pleione located east of Gotland and Neptunus located southeast of Blekinge.

Read more: https://renewablesnow.com/news/ingka-buys-into-more-offshore-wind-projects-of-ox2-841565/

-- Infinium attracts new backer, offtaker for Texas SAF project

US electrofuels provider Infinium has secured financing from Bill Gates’ Breakthrough Energy and has attracted American Airlines (NASDAQ:AAL) as an offtaker for the company’s planned facility for sustainable aviation fuel (SAF) and other low-carbon fuels production in Texas.

Read more: https://renewablesnow.com/news/infinium-attracts-new-backer-offtaker-for-texas-saf-project-841661/

-- Storage developer Malta Inc attracts Siemens Energy as backer

Malta Inc, a developer of grid-scale, long-duration energy storage (LDES) solutions, has attracted the venture arm of Siemens Energy AG (ETR:ENR) as a backer as part of a new fundraising round aimed at securing capital to advance the deployment of its technology globally.

Read more: https://renewablesnow.com/news/storage-developer-malta-inc-attracts-siemens-energy-as-backer-841760/

-- BP to become 100% owner of solar developer Lightsource bp

British oil and gas giant BP Plc (LON:BP) has agreed to buy the 50.03% stake it does not already own in UK-based global solar developer Lightsource bp.

Read more: https://renewablesnow.com/news/bp-to-become-100-owner-of-solar-developer-lightsource-bp-841731/

-- Meriaura Group acquires Finnish solar installer Rasol

Finnish maritime logistics and renewable energy company Meriaura Group Oyj (HEL:MERIH) said on Thursday that it has finalised an agreement to acquire the entire share capital of Rasol Ltd, a solar panel and power systems installer active primarily in southern Finland.

Read more: https://renewablesnow.com/news/meriaura-group-acquires-finnish-solar-installer-rasol-841732/

-- Italy's Sosteneo joins Puglia Green Hydrogen Valley project

Italian infrastructure investor Sosteneo SGR SpA announced on Thursday that it will take a 40% stake in the Puglia Green Hydrogen Valley project, an initiative aimed at decarbonising Italy’s largest energy and steel hub.

Read more: https://renewablesnow.com/news/italys-sosteneo-joins-puglia-green-hydrogen-valley-project-841768/

-- Belgium's AG Insurance buys stake in 475-MW wind complex in Sweden

Belgian insurer AG Insurance (AG) has signed an agreement to buy a minority stake in the 475-MW Nysater onshore wind farm cluster in Sweden from one of its two owners.

Read more: https://renewablesnow.com/news/belgiums-ag-insurance-buys-stake-in-475-mw-wind-complex-in-sweden-841813/

-- Conrad Energy buys 10-MW wind farm at Port of Liverpool

UK flexible energy producer Conrad Energy said on Wednesday that it has acquired the 10-MW Port of Liverpool Wind Farm, its first wind power asset.

Read more: https://renewablesnow.com/news/conrad-energy-buys-10-mw-wind-farm-at-port-of-liverpool-841814/

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