Weekly renewables M&A round-up (Nov 6-10)

Renewables Now covered M&A stories about Eversource, Ardian, Repsol, Eni's Plenitude and others in the past week. Below is the full list:

-- CPP Investments sheds 24.5% stake in German offshore wind duo

Canada Pension Plan Investment Board (CPP Investments) said it has agreed to offload its 24.5% stake in the Hohe See and Albatros offshore wind farms in the German part of the North Sea.

Read more: https://renewablesnow.com/news/cpp-investments-sheds-245-stake-in-german-offshore-wind-duo-838942/

-- HERING Group buys German organic photovoltaics maker ASCA

German construction solutions provider HERING Group said it has acquired the business of organic photovoltaics (OPV) company ASCA GmbH, which has been liquidated by France’s Armor Group.

Read more: https://renewablesnow.com/news/hering-group-buys-german-organic-photovoltaics-maker-asca-838965/

-- MET invests in SwissWinds, to develop wind in its home market

Switzerland-based MET Group said its renewables unit, MET Green Assets Holding AG, has acquired a 25% stake in SwissWinds Holding SA and its subsidiaries.

Read more: https://renewablesnow.com/news/met-invests-in-swisswinds-to-develop-wind-in-its-home-market-838966/

-- EQT lands deal to acquire Statera Energy

Swedish investment firm EQT AB has sealed a deal to acquire Statera Energy Limited, a London-based developer of flexible generation, battery storage, pumped hydro and green hydrogen projects, from infrastructure investment manager InfraRed Capital Partners.

Read more: https://renewablesnow.com/news/eqt-lands-deal-to-acquire-statera-energy-838970/

-- Canadian green hydrogen developer Ilios lures blank-check co

UK special purpose acquisition company Pineapple Power Corporation PLC announced the signing of a non-binding agreement to acquire Canada-based green hydrogen plants developer Ilios Hydrogen Canada Limited for GBP 33 million.

Read more: https://renewablesnow.com/news/canadian-green-hydrogen-developer-ilios-lures-blank-check-co-839015/

-- OMV, Wien Energie to set up geothermal energy JV

Austrian energy group OMV AG is establishing a joint venture with local utility Wien Energie to develop deep geothermal plants of up to 200 MW, OMW said.

Read more: https://renewablesnow.com/news/omv-wien-energie-to-set-up-geothermal-energy-jv-839022/

-- OX2, Njordr to build 150-MW Swedish wind farm

Swedish renewables developer OX2 AB has teamed up with Norwegian sector player Njordr to jointly operate a 150-MW wind farm, to be built in southeastern Sweden and brought online in 2028.

Read more: https://renewablesnow.com/news/ox2-njordr-to-build-150-mw-swedish-wind-farm-839073/

-- Eversource nears exit from offshore wind JV with Ørsted

New England utility Eversource Energy is nearing a deal to offload its 50% stake in a 1.8-GW portfolio of contracted US offshore wind projects held through a joint venture with Denmark’s Ørsted A/S.

Read more: https://renewablesnow.com/news/eversource-nears-exit-from-offshore-wind-jv-with-rsted-839084/

-- Janom-owned firm sells Finnish wind parks to Aquila for EUR 120m

Tuulivoimayhtio Pohjoistuuli Oy, owned by Central European cleantech investment group Janom, has sold wind farm assets in Finland worth a total of EUR 120 million to German investment and asset development company Aquila Capital.

Read more: https://renewablesnow.com/news/janom-owned-firm-sells-finnish-wind-parks-to-aquila-for-eur-120m-839126/

-- Ardian fund buys 21.6-MW FiT-backed wind farm in Finland

German independent investment and asset manager KGAL and French peer Access Capital Partners have offloaded a 21.6-MW wind farm in Finland to a fund managed by French private equity investor Ardian.

Read more: https://renewablesnow.com/news/ardian-fund-buys-216-mw-fit-backed-wind-farm-in-finland-839189/

-- European Energy buys 30-MW German wind farm with repowering plans

Danish renewables developer European Energy A/S has acquired a 30-MW wind farm in Germany from utilities company SEF with plans to repower the facility and significantly expand its output.

Read more: https://renewablesnow.com/news/european-energy-buys-30-mw-german-wind-farm-with-repowering-plans-839221/

-- R.Power buys 91-MWp solar project portfolio in Poland

Poland’s R.Power said it has acquired 91 MWp of photovoltaic (PV) projects, most of which shovel-ready, in the next step in expanding its portfolio in the Polish market.

Read more: https://renewablesnow.com/news/rpower-buys-91-mwp-solar-project-portfolio-in-poland-839229/

-- Korkia acquires RSF Capital's renewables business in UK

Finnish renewables investor Korkia announced it has acquired the renewable energy business of London-based corporate finance boutique RSF Capital Partners LLP.

Read more: https://renewablesnow.com/news/korkia-acquires-rsf-capitals-renewables-business-in-uk-839246/

-- Pontegadea close to investing in Repsol's renewables portfolio - report

Pontegadea Group, the investment vehicle of Spanish billionaire Amancio Ortega, is nearing a deal to acquire a 49% stake in a portfolio of wind farms and solar power plants owned by multi-energy group Repsol SA, Reuters reports.

Read more: https://renewablesnow.com/news/pontegadea-close-to-investing-in-repsols-renewables-portfolio-report-839278/

-- BrightNight, Cordelio Power agree to expand US renewables JV

Renewable power producers BrightNight and Cordelio Power have decided to expand their joint venture partnership after outperforming the originally set targets in a drive to realise even more dispatchable projects across the western US.

Read more: https://renewablesnow.com/news/brightnight-cordelio-power-agree-to-expand-us-renewables-jv-839281/

-- Emeren sells 410-MW BESS project portfolio in Italy to Matrix

US-based solar energy developer Emeren Group Ltd announced it has sold a portfolio with 410 MW of battery energy storage system (BESS) projects in Italy to global renewables platform Matrix Renewables.

Read more: https://renewablesnow.com/news/emeren-sells-410-mw-bess-project-portfolio-in-italy-to-matrix-839350/

-- Rio Energy sale gives life to new Denham platform in Brazil

Global energy transition investor Denham Capital has created a new Brazilian renewable energy developer and operator with a gigawatt-scale portfolio, after closing the sale of certain Rio Energy assets to Equinor ASA.

Read more: https://renewablesnow.com/news/rio-energy-sale-gives-life-to-new-denham-platform-in-brazil-839390/

-- EIP nearing EUR 750m stake buy in Eni's Plenitude - report

Italian oil and gas major Eni SpA is close to striking a EUR-750-million deal with Swiss investor Energy Infrastructure Partners AG (EIP) over the sale of a minority stake in its renewable energy platform Plenitude, Bloomberg reports.

Read more: https://renewablesnow.com/news/eip-nearing-eur-750m-stake-buy-in-enis-plenitude-report-839396/

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