Weekly renewables M&A round-up (Nov 4 - 8)

Renewables Now covered M&A stories about Acciona Energia, Galileo, FREYR Battery, I Squared Capital, and others this week. Below is the full list:

-- NTPC, ONGC to form Indian renewable energy JV

Indian state-run utility NTPC Ltd and domestic oil and gas company ONGC intend to set up a joint venture (JV) to invest in the renewable energy field.

Read more: https://renewablesnow.com/news/ntpc-ongc-to-form-indian-renewable-energy-jv-873305/

-- PNE sells 59.4-MW repowered wind farm in Germany to Qualitas

Wind farms developer PNE AG has sold a 59.4-MW wind farm being repowered in northwestern Germany to Spain’s Qualitas Energy.

Read more: https://renewablesnow.com/news/pne-sells-594-mw-repowered-wind-farm-in-germany-to-qualitas-873444/

-- Energy tech firm Flower raises EUR 45m to expand across Europe

Swedish energy technology and storage solutions provider Flower has closed its Series A funding round at EUR 45 million with an additional EUR 20 million to support its geographic expansion and advance the development of its AI-powered battery energy storage systems (BESS).

Read more: https://renewablesnow.com/news/energy-tech-firm-flower-raises-eur-45m-to-expand-across-europe-873469/

-- Westbridge closes sale of 280-MW Alberta solar project to Metlen

Canadian solar developer Westbridge Renewable Energy Corp said it has closed the sale of its 75% owned 280-MW AC/332-MW DC Sunnynook solar project in Alberta to a subsidiary of Greece’s Metlen Energy & Metals, formerly known as Mytilineos.

Read more: https://renewablesnow.com/news/westbridge-closes-sale-of-280-mw-alberta-solar-project-to-metlen-873515/

-- Acciona Energia snaps up 300-MW wind farm duo in Texas

Spain’s Acciona Energia announced the acquisition of a portfolio of two wind farms in Texas, thus adding 300 MW of capacity to its US renewable energy fleet.

Read more: https://renewablesnow.com/news/acciona-energia-snaps-up-300-mw-wind-farm-duo-in-texas-873518/

-- Galileo acquires French renewables development business

Pan-European renewables developer Galileo has acquired the large-scale renewable project development business of France’s Quenea, including a team of about 30 experts and about 140 MW of wind and solar projects under development.

Read more: https://renewablesnow.com/news/galileo-acquires-french-renewables-development-business-873591/

-- FREYR Battery to buy Trina Solar’s new 5-GW module factory in US

FREYR Battery is taking a turn to US solar manufacturing, announcing today a “transformative” deal to acquire Trina Solar Co Ltd’s 5-GW solar module factory in Wilmer, Texas, which has just started production.

Read more: https://renewablesnow.com/news/freyr-battery-to-buy-trina-solars-new-5-gw-module-factory-in-us-873593/

-- SSE buys 120-MW battery project in Ireland from Low Carbon

SSE Renewables has acquired a 120-MW/240-MWh battery energy storage system (BESS) project in Ireland from UK-based renewables company Low Carbon, further expanding its battery development portfolio on the island of Ireland.

Read more: https://renewablesnow.com/news/sse-buys-120-mw-battery-project-in-ireland-from-low-carbon-873597/

-- Econergy nabs financing for 52-MW solar project in Poland

Israeli independent power producer (IPP) Econergy Renewable Energy Ltd has obtained EUR 33 million in bank financing for a 52-MW solar park being built in Poland and due to be connected to the grid in the next few months.

Read more: https://renewablesnow.com/news/econergy-nabs-financing-for-52-mw-solar-project-in-poland-873613/

-- CIP launches Aussie renewables platform targeting 6 GW

Copenhagen Infrastructure Partners (CIP) has set up a new subsidiary focused on the development of wind, solar and energy projects in Australia and seeking to deliver 6 GW over the next decade.

Read more: https://renewablesnow.com/news/cip-launches-aussie-renewables-platform-targeting-6-gw-873636/

-- EDP buys 44 MWp of solar DG plants in Brazil

Portuguese utility EDP - Energias de Portugal SA announced on it has bought 44.3 MWp of solar distributed generation (DG) parks in Brazil.

Read more: https://renewablesnow.com/news/edp-buys-44-mwp-of-solar-dg-plants-in-brazil-873646/

-- Vargronn to buy stake in 288-MW offshore wind farm in German debut

Norway-based offshore wind company Vargronn AS announced that it has struck an agreement to acquire a 27.4% stake in the 288-MW Baltic 2 offshore wind farm located off the coast of Germany.

Read more: https://renewablesnow.com/news/vargronn-to-buy-stake-in-288-mw-offshore-wind-farm-in-german-debut-873701/

-- I Squared to take control of German agrivoltaic specialist SUNfarming

US private equity firm I Squared Capital has agreed to acquire SUNfarming GmbH, a German solar project developer and power producer focused on agrivoltaic installations and holding almost 2 GW of projects in the pipeline.

Read more: https://renewablesnow.com/news/i-squared-to-take-control-of-german-agrivoltaic-specialist-sunfarming-873794/

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