Weekly renewables M&A round-up (Oct 9-13)

Renewables Now covered M&A stories about Brookfield, Voltalia, and others in the past week. Below is the full list:

--Japan’s MOL invests in Norwegian floating wind firm Odfjell Oceanwind

Japanese shipping company Mitsui OSK Lines Ltd (MOL) has become a shareholder in Norwegian floating offshore wind specialist Odfjell Oceanwind.

Read more: https://renewablesnow.com/news/japans-mol-invests-in-norwegian-floating-wind-firm-odfjell-oceanwind-836194/

--KGAL invests in Arcadia eFuels’ eSAF project in Denmark

Independent investment and asset manager KGAL GmbH & Co KG has made a bet on Arcadia eFuels’ project for the construction of a commercial-scale hydrogen-based production plant for e-kerosene in Denmark.

Read more: https://renewablesnow.com/news/kgal-invests-in-arcadia-efuels-esaf-project-in-denmark-836262/

-- RP Global, Marguerite close sale of 103 MW of wind farms in Poland

European renewables developer RP Global and infrastructure fund manager Marguerite have finalised the sale of their two wind farms totalling 103 MW in northern Poland to Engie Zielona Energia, a press release on Monday said.

Read more: https://renewablesnow.com/news/rp-global-marguerite-close-sale-of-103-mw-of-wind-farms-in-poland-836204/

-- UK’s Banks Group offloads big battery project to West Burton Energy

The Banks Group, a UK family-owned property and energy business, on Monday said it has sold a 2.9-GWh battery storage project to power generator West Burton Energy.

Read more: https://renewablesnow.com/news/uks-banks-group-offloads-big-battery-project-to-west-burton-energy-836219/

-- Voltalia sells 420-MW shovel-ready solar project in Brazil

French renewable power producer Voltalia SA (EPA:VLTSA) has offloaded a 420-MW ready-to-build solar project in the southeastern Brazilian state of Minas Gerais to local power producer and trader Newave Energia SA.

Read more: https://renewablesnow.com/news/voltalia-sells-420-mw-shovel-ready-solar-project-in-brazil-836282/

-- PV software firm Raicoon closes EUR-4m seed round to expand ops

Vienna-based Raicoon, which runs a software platform for solar energy systems, has raised EUR 4 million (USD 4.23 m) in a seed round aimed at securing capital to expand its footprint, product offering and team.

Read more: https://renewablesnow.com/news/pv-software-firm-raicoon-closes-eur-4m-seed-round-to-expand-ops-836386/

-- Frontier strikes binding deal to buy out Waroona Energy

Australian clean energy firm Frontier Energy Limited (ASX:FHE) has sealed a deal to acquire the 80% stake it does not already own in Waroona Energy Inc (TSXV:WHE), a company developing the namesake 241-MW solar project in Western Australia.

Read more: https://renewablesnow.com/news/frontier-strikes-binding-deal-to-buy-out-waroona-energy-836321/

--Inox Wind unit selling 50-MW park in Gujarat, to focus on O&M

India’s Inox Green Energy Services Ltd (BOM:543667) has agreed to sell its entire stake in the company holding the rights to a 50-MW wind farm in the state of Gujarat that was commissioned earlier this year.

Read more: https://renewablesnow.com/news/inox-wind-unit-selling-50-mw-park-in-gujarat-to-focus-on-om-836303/

-- Maersk inks deal to buy stake in 545-MW wind farm in Egypt - report

Maersk International, part of Danish shipping major AP Moller-Maersk A/S (CPH:MAERSK-B), has clinched a preliminary deal to buy a 51% stake in the 545-MW Zaafarana wind farm in Egypt’s Red Sea Governorate, according to a Daily News Egypt report on Monday.

Read more: https://renewablesnow.com/news/maersk-inks-deal-to-buy-stake-in-545-mw-wind-farm-in-egypt-report-836445/

-- Adenia buys controlling stake in S African solar funding platform

Private markets investment firm Adenia Partners on Tuesday said it has acquired a majority stake in South African rooftop solar funding solutions provider Enfin Energy Finance.

Read more: https://renewablesnow.com/news/adenia-buys-controlling-stake-in-s-african-solar-funding-platform-836446/

--Trafigura takes control of European green hydrogen JV

Physical commodities trader Trafigura Group Pte Ltd has agreed to take control of its Europe-focused joint venture with Zurich-based green hydrogen ecosystem developer H2 Energy Holding AG, it was announced on Tuesday.

Read more: https://renewablesnow.com/news/trafigura-takes-control-of-european-green-hydrogen-jv-836385/

-- Aussie watchdog clears Brookfield's USD-12bn bid for Origin Energy

Australia's anti-trust regulator has given conditional approval to the AUD-18.7-billion (USD 12bn/EUR 11.3bn) bid by a consortium led by Canadian infrastructure investor Brookfield Asset Management Inc (TSE:BAM.PF.F) to acquire domestic utility Origin Energy Ltd (ASX:ORG).

Read more: https://renewablesnow.com/news/aussie-watchdog-clears-brookfields-usd-12bn-bid-for-origin-energy-836440/

--Ratch takes majority stake in 30-MW wind farm in Vietnam

Thailand-based independent power producer Ratch Group (BKK:RATCH) has acquired a 51% stake in a 29.7-MW wind farm in Vietnam that has just kicked off commercial operations.

Read more: https://renewablesnow.com/news/ratch-takes-majority-stake-in-30-mw-wind-farm-in-vietnam-836433/

-- Axpo buys rights to 25-MW Finnish wind farm project

Swiss renewables company and energy trader Axpo Holding AG has laid out plans for the construction of a 25-MW wind farm in Finland after acquiring the project rights from Swedish developer Rosafors Invest AB.

Read more: https://renewablesnow.com/news/axpo-buys-rights-to-25-mw-finnish-wind-farm-project-836442/

-- HD Hyundai invests in Estonian solid oxide fuel cell firm Elcogen

HydrogenOne Capital Growth plc (LON:HGEN) said on Wednesday that one of its portfolio investments, Estonian company Elcogen, has attracted a EUR-45-million (USD 47.6m) strategic investment from Korea Shipbuilding and Offshore Engineering Co Ltd (KSOE), part of HD Hyundai Group.

Read more: https://renewablesnow.com/news/hd-hyundai-invests-in-estonian-solid-oxide-fuel-cell-firm-elcogen-836463/

-- Bentley Systems acquires geothermal simulation software firm

US infrastructure engineering software firm Bentley Systems Inc (NASDAQ:BSY) has inked a deal to acquire geothermal simulation software provider Flow State Solutions in a push to enhance its end-to-end reservoir analysis offering.

Read more: https://renewablesnow.com/news/bentley-systems-acquires-geothermal-simulation-software-firm-836476/

-- BNP Paribas takes 6.3% stake in Spain's Audax Renovables

French bank BNP Paribas SA (EPA:BNP) has bought a 6.315% stake in Spanish renewables company and power and gas supplier Audax Renovables SA (BME:ADX), becoming its second-largest shareholder.

Read more: https://renewablesnow.com/news/bnp-paribas-takes-63-stake-in-spains-audax-renovables-836484/

-- Inspirit buys offshore wind support services firm CWind

Investment firm Inspirit Capital has taken over CWind, a UK-based offshore wind support services provider which was carved out from the Global Marine Group.

Read more: https://renewablesnow.com/news/inspirit-buys-offshore-wind-support-services-firm-cwind-836594/

--Greenvolt takes control of Spanish solar firm Iberica Renewables

Portuguese energy firm Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has completed the acquisition of 75% of the share capital in Spanish Iberica Renovables SL, a company specialising in self-consumption and utility-scale photovoltaic (PV) power plants.

Read more: https://renewablesnow.com/news/greenvolt-takes-control-of-spanish-solar-firm-iberica-renewables-836619/

-- Community solar servicer Perch raises USD 30m to expand platform

US community solar servicer Perch Energy has raised USD 30 million (EUR 28.2m) in a Series B growth investment from Nuveen in a deal that also gives it access to the asset manager’s portfolio of housing units and residential apartments.

Read more: https://renewablesnow.com/news/community-solar-servicer-perch-raises-usd-30m-to-expand-platform-836605/

-- ABO sells last portion of 300-MW solar cluster in S Africa

German renewables developer ABO Wind AG (ETR:AB9) on Wednesday announced it has sold the rights to a 100-MW solar park project in South Africa, the last section of a larger cluster in the country's North-West Province.

Read more: https://renewablesnow.com/news/abo-sells-last-portion-of-300-mw-solar-cluster-in-s-africa-836550/

-- OX2 selling 23-MW agrivoltaic project to France's CVE

French renewable energy producer Cap Vert Energie (CVE) is set to take possession of a 23-MW agrivoltaic project in its home country developed by Sweden’s OX2 AB (STO:OX2).

Read more: https://renewablesnow.com/news/ox2-selling-23-mw-agrivoltaic-project-to-frances-cve-836552/

-- Canada’s Aimco may buy into Indian Aditya’s renewables biz - report

Alberta Investment Management Corporation, or Aimco, is among a list of investors keen on buying a minority stake in the renewable energy business of Indian conglomerate Aditya Birla Group, according to a media report on Thursday.

Read more: https://renewablesnow.com/news/canadas-aimco-may-buy-into-indian-adityas-renewables-biz-report-836641/

-- EDPR completes 301-MW Polish portfolio sale to Orlen

EDP Renovaveis SA (ELI:EDPR) has completed the sale of a 301-MW Polish wind and solar portfolio to Orlen Wind 3, a subsidiary of oil refiner Orlen SA (WSE:PKN).

Read more: https://renewablesnow.com/news/edpr-completes-301-mw-polish-portfolio-sale-to-orlen-836640/

-- R.Power agrees to sell 26.5 MWp of solar projects in Italy

Poland’s R.Power SA is selling a 26.5-MWp portfolio of small-scale solar photovoltaic projects in Italy to focus on developing medium-sized and larger plants.

Read more: https://renewablesnow.com/news/rpower-agrees-to-sell-265-mwp-of-solar-projects-in-italy-836718/

-- Vena Energy, Aboitiz partner on 206-MW wind project in Philippines

Singapore-based renewables company Vena Energy and Vivant Energy Corp have signed a joint venture agreement with Aboitiz Renewables Inc (ARI), the renewables arm of Philippine power company Aboitiz Power Corp (PSE:AP), for a 206-MW onshore wind project in the Philippines.

Read more: https://renewablesnow.com/news/vena-energy-aboitiz-partner-on-206-mw-wind-project-in-philippines-836732/

- Supercapacitor start-up Skeleton raises EUR 108m in funding round

Estonian energy storage start-up Skeleton Technologies has successfully closed a EUR-108-million (USD 113.6m) funding round, featuring prominent investors such as Siemens Financial Services (SFS), Japanese trading company Marubeni Corp (TYO:8002) and Brazilian niobium producer CBMM, among others.

Read more: https://renewablesnow.com/news/supercapacitor-start-up-skeleton-raises-eur-108m-in-founding-round-836735/

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