Weekly renewables M&A round-up (Oct 21-Oct 25)

Weekly renewables M&A round-up (Oct 21-Oct 25) Mark Rubens/Shutterstock.com

Renewables Now covered M&A stories about BP, KKR, Statkraft, Eni, and others this week. Below is the full list:

-- BP ponders stake sale in offshore wind business - report

Oil and gas major BP Plc is mulling the sale of a minority stake in its offshore wind business, Reuters reported, citing sources familiar with the matter.

Read more: https://renewablesnow.com/news/bp-ponders-stake-sale-in-offshore-wind-business-report-871817/

-- Levanta, Citicore join forces for 375-MW Philippine wind portfolio

Levanta Renewables, a portfolio company of UK investment firm Actis, and Citicore Renewable Energy Corporation (CREC) have agreed to partner on the implementation of four onshore wind projects in the Philippines with a combined capacity of 375 MW.

Read more: https://renewablesnow.com/news/levanta-citicore-join-forces-for-375-mw-philippine-wind-portfolio-872007/

-- NEO, Lotus mull solar recycling JV to source battery materials

Silicon anode materials developer NEO Battery Materials Ltd and Lotus Energy Recycling are considering setting up a North American joint venture focused on recycling end-of-life solar photovoltaic (PV) cells and panels to recover high-purity silicon and other materials that can be used in lithium-ion battery materials and cell production.

Read more: https://renewablesnow.com/news/neo-lotus-mull-solar-recycling-jv-to-source-battery-materials-872049/

-- Petronas ponders selling minority stake in Gentari - report

Malaysian oil and gas company Petroliam Nasional Bhd, better known as Petronas, is considering selling a minority stake in Gentari, a renewable energy firm which had 2.4 GW of installed capacity in its portfolio as of end-June, Bloomberg reported, citing insiders.

Read more: https://renewablesnow.com/news/petronas-ponders-selling-minority-stake-in-gentari-report-872066/

-- 1Komma5 snaps up German energy solutions firm Zewo Energy

German cleantech unicorn 1Komma5 has acquired Deggendorf-based renewable energy solutions provider Zewo Energy, bolstering its presence in Bavaria.

Read more: https://renewablesnow.com/news/1komma5-snaps-up-german-energy-solutions-firm-zewo-energy-872075/

-- Citicore, Actis-backed Levanta set up Philippine wind partnership

Philippine-based Citicore Renewable Energy Corporation (CREC) has joined forces with Levanta Renewables, a platform backed by UK-based investment firm Actis, to develop onshore wind projects in the Philippines.

Read more: https://renewablesnow.com/news/citicore-actis-backed-levanta-set-up-philippine-wind-partnership-872085/

-- CIP invests in floating offshore wind specialist Stiesdal Offshore

Denmark’s Copenhagen Infrastructure Partners (CIP) has bought a minority stake in the floating offshore wind specialist of Danish technology firm Stiesdal A/S in a move that will enable Stiesdal Offshore to expand its presence and offerings on the global market.

Read more: https://renewablesnow.com/news/cip-invests-in-floating-offshore-wind-specialist-stiesdal-offshore-872100/

-- EDF Renewables, Credit Agricole set up solar financing JV in France

EDF Energies Nouvelles Reparties (EDF ENR), part of EDF Renewables, has tied up with French lender Credit Agricole to offer financing for large-scale solar projects at tertiary and industrial sites.

Read more: https://renewablesnow.com/news/edf-renewables-credit-agricole-set-up-solar-financing-jv-in-france-872104/

-- GIC, Macquarie mull USD-2bn divestment of EDC stake - report

Singapore's sovereign wealth fund GIC and Australia's Macquarie Group Ltd are considering offloading their stakes in Philippine geothermal power producer Energy Development Corp in a deal with a potential value of USD 2 billion, Reuters reports.

Read more: https://renewablesnow.com/news/gic-macquarie-mull-usd-2bn-divestment-of-edc-stake-report-872105/

-- Matteco raises EUR 15m to support opening of 1-GW electrodes factory

Valencia-based start-up Matteco has raised EUR 15 million in a Series A funding round to support the imminent opening of its factory for catalysts and electrodes used for green hydrogen production and its subsequent expansion to a capacity of 1 GW per year.

Read more: https://renewablesnow.com/news/matteco-raises-eur-15m-to-support-opening-of-1-gw-electrodes-factory-872137/

-- Axpo enters Polish biogas market, buys plant

Swiss renewable energy producer Axpo Holding AG said it has acquired a biogas plant in Poland and plans to develop further biogas projects in the country.

Read more: https://renewablesnow.com/news/axpo-enters-polish-biogas-market-buys-plant-872155/

-- Iberdrola's 9-mo net profit jumps 50%, UK acquisition boosts grid biz

Spanish utility Iberdrola SA published its earnings report for the January-September 2024 period, boasting an increase of 50.4% year-on-year in reported net profit mainly on new investments in networks and renewables and asset rotation.

Read more: https://renewablesnow.com/news/iberdrolas-9-mo-net-profit-jumps-50-uk-acquisition-boosts-grid-biz-872165/

-- KGAL, Universal Investment fund buys 10-MW wind project

KGAL klimaSUBSTANZ, a private investment fund launched by asset manager KGAL GmbH & Co KG and fund service platform Universal Investment, has acquired a 9.6-MW wind farm, which is currently being constructed near Bliestorf in northern Germany.

Read more: https://renewablesnow.com/news/kgal-universal-investment-fund-buys-10-mw-wind-project-872167/

-- Dominion closes 50% stake sale in 2.6-GW CVOW project to Stonepeak

US utility Dominion Energy Inc said it has completed the sale of a 50% noncontrolling interest in the 2.6-GW Coastal Virginia Offshore Wind (CVOW) project to alternative investment firm Stonepeak.

Read more: https://renewablesnow.com/news/dominion-closes-50-stake-sale-in-26-gw-cvow-project-to-stonepeak-872182/

-- EDPR concludes 240-MW Polish wind, solar portfolio sale to Orlen

EDP Renovaveis SA has completed the sale of a 240-MW Polish wind and solar portfolio to Orlen Wind 3, a subsidiary of oil refiner Orlen SA.

Read more: https://renewablesnow.com/news/edpr-concludes-240-mw-polish-wind-solar-portfolio-sale-to-orlen-872186/

-- KKR to pay EUR 3bn for minority stake in Eni’s biofuels arm

US private equity firm KKR & Co Inc has sealed a definitive agreement to acquire a 25% stake in Enilive, the biofuels subsidiary of Italian oil and gas major Eni SpA, for EUR 2.938 billion.

Read more: https://renewablesnow.com/news/kkr-to-pay-eur-3bn-for-minority-stake-in-enis-biofuels-arm-872210/

-- Statkraft to divest renewables in three countries amid strategic shift

Norwegian state-owned power company Statkraft AS intends to divest its renewable energy businesses across several countries to keep a tighter focus on the Nordics, Europe and South America.

Read more: https://renewablesnow.com/news/statkraft-to-divest-renewables-in-three-countries-amid-strategic-shift-872220/

-- Poland's Figene discloses sale of 18-MW wind farm with delay

Polish renewable investor Figene Capital SA said that it has delayed information on a contract signed in July to sell an 18-MW wind farm project in Poland to protect the seller's interests.

Read more: https://renewablesnow.com/news/polands-figene-discloses-sale-of-18-mw-wind-farm-with-delay-872233/

-- KGAL buys 17-MW wind farm in western Germany

Germany-based KGAL Investment Management said that it has acquired a 17.1-MW wind park, which is currently being constructed near Perscheid in western Germany.

Read more: https://renewablesnow.com/news/kgal-buys-17-mw-wind-farm-in-western-germany-872241/

-- Trianel unloads German solar-storage trio to LHI Group

German municipal utility Trianel has closed the sale of a trio of recently commissioned hybrid solar-plus-storage projects, all winners in a domestic innovation tender, to investment and asset manager LHI Group.

Read more: https://renewablesnow.com/news/trianel-unloads-german-solar-storage-trio-to-lhi-group-872286/

-- Dominion closes buy of Kitty Hawk North from Avangrid for USD 160m

Dominion Energy Inc has completed the purchase of the Kitty Hawk North offshore wind lease area and associated assets from Avangrid Inc, adding nearly 40,000 acres to its nearby gigawatts-scale Coastal Virginia Offshore Wind (CVOW) project.

Read more: https://renewablesnow.com/news/dominion-closes-buy-of-kitty-hawk-north-from-avangrid-for-usd-160m-872289/

-- BP takes full ownership of Lightsource bp

BP Plc has completed the acquisition of the 50.03% stake it did not already own in UK-based global solar developer Lightsource bp, it was announced on Thursday.

Read more: https://renewablesnow.com/news/bp-takes-full-ownership-of-lightsource-bp-872297/

-- Mirova to invest EUR 480m to back RP Global's European IPP ambitions

French sustainable investment manager Mirova will pour EUR 480 million into RP Global, a European renewables developer headquartered in Vienna and Madrid, to support its independent power producer (IPP) strategy.

Read more: https://renewablesnow.com/news/mirova-to-invest-eur-480m-to-back-rp-globals-european-ipp-ambitions-872370/

-- Clime Capital invests in Indonesian rooftop solar developer Hijau

Singaporean fund manager Clime Capital has invested in PT Investasi Hijau Selaras (Hijau), an Indonesia-based distributed solar developer serving commercial and industrial (C&I) customers, to advance the build-out of the company’s pipeline.

Read more: https://renewablesnow.com/news/clime-capital-invests-in-indonesian-rooftop-solar-developer-hijau-872403/

-- German investment trio’s fund makes 1st investment in wind project

A fund launched by German investment firms Pacifico Energy Partners, Union Investment and Volksbank Mittelhessen has made its first investment, taking a majority stake in a repowering wind project in Saxony-Anhalt with a capacity of about 12.6 MW.

Read more: https://renewablesnow.com/news/german-investment-trios-fund-makes-1st-investment-in-wind-project-872415/

Choose your newsletter by Renewables Now. Join for free!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription