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Sep 19, 2024 16:03 CESTWeekly renewables M&A round-up (Sep 10-16)
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Renewables Now covered M&A stories related to Mainstream Renewable Power, Eolus, Building Energy, Boralex and Tilt Renewables over the past seven days. Below is the full list of deals:
-- Mainstream CEO says IPO not the best plan - report
The CEO of Ireland’s Mainstream Renewable Power, which has recently informed investors about plans to boost liquidity, says the company is much more attractive for trade and strategic buyers than stock market investors.
-- RES, Macquarie Capital sell 226-MW Aussie wind project to Partners Group
Swiss investment manager Partners Group AG is acquiring the 226-MW first stage of the Murra Warra wind farm in Australia from UK-based developer Renewable Energy Systems (RES) and Macquarie Capital, the parties said.
-- US wind measurement firm NRG Systems purchases Israeli Lidar tech
US wind resource assessment specialist NRG Systems announced its purchase of Lidar technology developed by Pentalum of Israel as it said it recognises Lidar's growing importance in resource measurement and wind farm operations.
-- Sweden's Dellner Brakes acquires German wind turbine brake firm
Swedish marine and industrial brake supplier Dellner Brakes said it has bought JHS Jungblut, a German company that provides noise-free, lightweight brakes and yaw sliding bearings for wind turbines.
-- Sweden's Eolus buys huge US solar-plus-storage project
The American unit of Swedish wind project developer Eolus Vind AB (STO:EOLU-B) has acquired a utility-scale scheme in the western US that combines 500 MW of solar photovoltaic (PV) capacity with 250 MW of battery storage.
-- Greencoat to buy 105 MW of Irish wind from Coillte
Greencoat Renewables Plc (LON:GRP) announced it will pay EUR 136.1 million to acquire stakes in four operating wind farms in Ireland with a combined capacity of 240.4 MW.
-- Voltalia sells 197-MW wind project portfolio in Brazil to Echoenergia
French renewable power plants operator Voltalia SA (EPA:VLTSA) said it has sold a 197-MW portfolio of shovel-ready wind projects in Brazil to local power producer Echoenergia, which is controlled by private equity firm Actis Group.
-- AutoGrid raises USD 32m, adds Innogy, Ørsted as investors
AutoGrid, a US provider of artificial intelligence (AI)-driven flexibility management for the energy industry, has completed a USD-32-million Series D investment round, attracting new investors such as Ørsted A/S (CPH:ORSTED) and Innogy SE (ETR:IGY).
-- Suzlon selling 49% in 70 MW of Indian solar parks to CLP
Indian wind power company Suzlon Energy Ltd (BOM:532667) has agreed to sell a 49% stake in the owners of two operational solar farms totalling 70 MW to the Indian subsidiary of Hong Kong-based CLP Holdings Ltd (HKG:0002).
-- Tractebel buying German engineering firm to expand in offshore wind
Tractebel, the engineering unit of French energy group Engie SA (EPA:ENGI), will acquire German sector player Overdick GmbH & Co KG in order to grow in the field of offshore wind power.
-- Nautilus buys 2nd ReneSola community solar portfolio in Minnesota
Solar assets manager Nautilus Solar Energy LLC has acquired a second 13.3-MW community photovoltaic (PV) portfolio developed by ReneSola (NYSE:SOL), the companies announced in a joint statement.
-- Encavis acquires 23 MW of wind and solar assets
German-based solar and wind park operator Encavis AG (ETR:CAP) said it has acquired a 6.6-MW solar farm in Germany and five wind turbines totalling around 16.5 MW in Denmark.
-- CEE buys 16.5-MW German wind farm with GE hardware
Hamburg-based private equity group CEE has acquired a 16.5-MW wind park in the German state of Hesse from Max Boegl Foundation and private individual Egbert Reitz.
-- Aretex buys into renewable IPP Building Energy
Private equity firm Aretex Capital Partners has made an investment of an undisclosed amount in renewable power producer Building Energy 1 Holdings Plc.
-- Hanwha Chemical targets group simplification with new solar merger
South Korea’s Hanwha Advanced Materials Corp, owned by Hanwha Chemical Corp (KRX:009830), will merge by late October with solar cell manufacturer Hanwha Q Cells Korea Corp to simplify the group structure.
-- Spain's Windar to make wind towers in Russia via new JV
Russian steel and mining company Severstal, state-owned technology investor Rusnano and Windar Renovables of Spain have agreed to form a joint venture in Russia for the production of towers for wind turbines, Severstal said.
-- Engie, STOA tie-up targets 2 GW of Indian wind
French energy group Engie SA (EPA:ENGI) and compatriot STOA have established a joint venture (JV) that will aim to deploy over 2 GW of wind power capacity in India in the next five years.
-- Canadian investor CDPQ to acquire 40% of CLP India
Canadian pension fund manager Caisse de depot et placement du Quebec (CDPQ) will acquire a 40% strategic shareholding in CLP India under a conditional deal, Hong Kong-based CLP Holdings Ltd (HKG:0002) said.
-- Boralex wraps up 201-MW wind buy from Invenergy in Quebec
Canadian renewables developer Boralex Inc (TSE:BLX) said it has concluded the CAD-215-million acquisition of stakes held by Invenergy Renewables LLC in a wind portfolio in Quebec.
-- Ind adviser says Tilt Renewables buyout offer "not compelling"
An independent valuation has confirmed that the joint takeover offer for Tilt Renewables Ltd (NZE:TLT) launched recently by Infratil Ltd (NZE:IFT) and Mercury NZ Ltd (NZE:MCY) is too low and is thus considered “not compelling”.
-- Meridiam buys 60% in PV-plus-hydrogen project in French Guiana
French investment fund Meridiam has acquired a 60% stake in a project combining a 55-MW solar park with 140 MWh of hydrogen-based renewable energy storage in western French Guiana.
-- TerniEnergia closes sale of 11-MW solar portfolio to Sonnedix
Italy-based group TerniEnergia SpA (BIT:TER) said it has completed the sale of a portfolio of Italian solar parks totalling 11 MW to a unit of Sonnedix Power Holdings Ltd.
-- Sol Systems, Nationwide JV to buy 135 MW of solar in N Carolina
A joint venture between US companies Sol Systems and Nationwide Insurance has agreed to acquire a 135-MW portfolio of solar projects in North Carolina from Cypress Creek Renewables.
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