Weekly renewables M&A round-up (Oct 1-Oct 8)

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Renewables Now covered M&A stories related to Ørsted, SolarWorld, Statkraft and Deepwater Wind over the past seven days. Below is the full list of deals:

-- EDP buys USD-2m stake in African off-grid solar co

Energias de Portugal SA (ELI:EDP) announced it has acquired a minority stake in Mozambique-based off-grid solar marketing firm SolarWorks! for EUR 2 million.

-- Con Edison forms energy storage JV with Johnson Controls

Consolidated Edison Inc (NYSE:ED), or Con Edison, announced that its clean energy arm will create an energy storage joint venture with Johnson Controls International Plc (NYSE:JCI).

-- Ørsted completes acquisition of US onshore wind group LCE

Denmark’s Ørsted A/S (CPH:ORSTED) said it has completed the acquisition of US onshore wind developer Lincoln Clean Energy (LCE) and will run in under a new onshore wind unit.

-- SunPower wraps up SolarWorld buy, busy with Hillsboro upgrade

SunPower Corp (NASDAQ:SPWR) has concluded the acquisition of assets of Oregon-based solar panel maker SolarWorld Americas, including its facilities in Hillsboro where SunPower will soon be producing 19% efficient P-Series panels.

-- Statkraft buys Element Power's UK and Irish ops with 1.5-GW pipeline

Norwegian state-owned utility Statkraft AS announced it has bought the Irish and UK onshore wind development operations of Element Power, including roughly 1,550 MW of projects.

-- Taiwanese solar trio concludes merger - report

United Renewable Energy Co Ltd (UREC), the company that will combine the business of Taiwanese solar manufacturers Gintech Energy (TPE:3514), Solartech Energy (TPE:3561) and Neo Solar Power (TPE:3576), is already operational.

-- Nautilus buys 6.6-MW community solar portfolio in Maryland

Solar assets manager Nautilus Solar Energy LLC has acquired a 6.6-MW community photovoltaic (PV) portfolio in Maryland, developed by Summit Ridge Energy and Synergen Solar, Nautilus announced.

-- New JV by Quercus, RF Capital to target wind, solar

Quercus Assets Selection Sarl, the European renewables-focused fund, has agreed with Australian financial group RF Capital to set up a 50/50 joint venture (JV) that will initially invest in wind and solar assets.

-- Van Oord completes MPI Offshore acquisition

Dutch marine contractor Van Oord said it has completed the acquisition of MPI Offshore from Vroon Group, strengthening its positions on the global wind market, especially in the UK.

-- Alstom formally exits 3 energy JVs with GE

French transport systems group Alstom (EPA:ALO) announced that it has concluded the planned exit of its joint renewables and grid businesses with US partner General Electric Co (NYSE:GE).

-- Greencoat to buy majority of 39-MW Scottish wind park

Greencoat UK Wind plc (LON:UKW) said it has agreed to buy a 75% stake in the 39.1-MW Tom nan Clach wind farm for a headline consideration of GBP 126 million.

-- Foresight Solar Fund launches placing to raise over GBP 34m

Foresight Solar Fund Ltd (LON:FSFL) launched a share placing, seeking to raise more than GBP 34 million for the acquisition of 11 operating solar assets in the UK with a combined capacity of 80.9 MW.

-- Fin close reached on 255-MWp Aussie solar project, John Laing takes 90.1%

Australian-Chinese group Maoneng announced it has achieved financial close on its 255-MWp Sunraysia Solar Farm project in New South Wales, in which John Laing will invest AUD 108.6 million in exchange for a majority stake.

-- Ørsted to form largest US offshore wind platform with Deepwater Wind acquisition

Denmark’s Ørsted A/S (CPH:ORSTED) said it has agreed to buy Deepwater Wind in a deal that will create the largest US offshore wind platform with a 8.8-GW portfolio of under-development and potential projects.

-- On and off Greenko-Orange deal reemerges - report

The previously planned and eventually called off acquisition of Orange Renewables Singapore by India’s Greenko Energy Holdings, is back on track, local media report.