Weekly renewables M&A round-up (Sep 4-8)

Renewables Now covered M&A stories about Acciona Energia, Eversource, Repsol, KKR and others in the past week. Below is the full list:

-- ACEN eyes Taiwanese solar projects under Silverwolf JV

The renewables arm of Philippines-based ACEN Corp has set up a joint venture with Silverwolf Capital Ltd that will seek to develop and build greenfield solar projects in Taiwan.

Read more: https://renewablesnow.com/news/acen-eyes-taiwanese-solar-projects-under-silverwolf-jv-832877/

-- German Mainova to buy majority stake in solar developer Solea

German regional energy company Mainova AG has reached a deal to acquire a 74.9% stake in local solar project developer Solea AG in a push to expand in the growing market of renewable energy.

Read more: https://renewablesnow.com/news/german-mainova-to-buy-majority-stake-in-solar-developer-solea-832893/

-- Commerz Real adds solar, wind assets to Spanish portfolio

German investment manager Commerz Real AG announced the purchase of an operational 50-MWp solar park and a 30-MW onshore wind farm project under development in southern Spain.

Read more: https://renewablesnow.com/news/commerz-real-adds-solar-wind-assets-to-spanish-portfolio-832926/

-- RES wraps up sale of 280-MW Alberta wind project to Acciona Energia

UK-based renewables developer RES has finalised the sale of the Forty Mile wind project in Alberta, Canada, to Spain’s Acciona Energia, while retaining its position as the construction contractor on the 280-MW development.

Read more: https://renewablesnow.com/news/res-wraps-up-sale-of-280-mw-alberta-wind-project-to-acciona-energia-832938/

-- Frontier seeks to buy Waroona, add 241 MW of Aussie solar

Australian clean energy company Frontier Energy Limited is working on an all-stock deal to acquire the remaining 80% of Waroona Energy Inc which is developing a 241-MW solar power project in Western Australia.

Read more: https://renewablesnow.com/news/frontier-seeks-to-buy-waroona-add-241-mw-of-aussie-solar-832944/

-- Igneo to buy German renewable energy company Dah

Igneo Infrastructure Partners, a subsidiary of Australian asset manager First Sentier Investors Group, has agreed to acquire German agricultural and renewable energy firm Dah Gruppe, according to a statement.

Read more: https://renewablesnow.com/news/igneo-to-buy-german-renewable-energy-company-dah-832946/

-- Spanish firm strategically buys wind project to create hybrid with PV

Spanish solar energy solutions provider Energy Solar Tech SA has signed an agreement to buy a 35-MW wind farm project in northwestern Spain, with the aim of hybridising the future facility with 15 MW of solar photovoltaic capacity.

Read more: https://renewablesnow.com/news/spanish-firm-strategically-buys-wind-project-to-create-hybrid-with-pv-832948/

-- Octopus pockets USD 160m for renewable investments in Australia

Octopus Investments Australia, a unit of Britain’s Octopus Group, said it has secured AUD 250 million in fresh capital for one of its funds focused on investments in wind, solar and energy storage.

Read more: https://renewablesnow.com/news/octopus-pockets-usd-160m-for-renewable-investments-in-australia-833036/

-- Encavis grows Spanish PV portfolio with 28-MW acquisition

German wind and solar parks operator Encavis AG announced the acquisition of a 28-MW solar park project in the Spanish region Castile and Leon, keeping the value of the purchase under wraps.

Read more: https://renewablesnow.com/news/encavis-grows-spanish-pv-portfolio-with-28-mw-acquisition-833037/

-- Harmony Energy sells 99-MW British BESS project

UK battery energy storage systems (BESS) owner and operator Harmony Energy Income Trust plc has sold a 99-MW/198-MWh BESS development project in Hampshire to Pulse Clean Energy Limited.

Read more: https://renewablesnow.com/news/harmony-energy-sells-99-mw-british-bess-project-833068/

-- Vattenfall in talks over 1.4-GW Norfolk Boreas sale - report

Swedish utility Vattenfall AB is holding talks regarding the potential divestment of its 1.4-GW Norfolk Boreas wind project in British waters that was recently paused due to a sharp rise in costs.

Read more: https://renewablesnow.com/news/vattenfall-in-talks-over-14-gw-norfolk-boreas-sale-report-833179/

-- Keppel MET Renewables buys 38-MWp solar project in Italy

Renewable energy investment platform Keppel MET Renewables (KMR) announced the acquisition of a 38-MWp solar photovoltaic (PV) project in southern Italy.

Read more: https://renewablesnow.com/news/keppel-met-renewables-buys-38-mwp-solar-project-in-italy-833207/

-- Equinor buys 26-MW wind farm in Poland

Norwegian energy group Equinor ASA said it has acquired a 26-MW onshore wind farm in Poland from Israel’s Helios Group in an effort to expand its offering in the market.

Read more: https://renewablesnow.com/news/equinor-buys-26-mw-wind-farm-in-poland-833212/

-- Climate tech startup 1Komma5 buys Spain's Experta Solar

1Komma5, a German startup focused on solar power, energy storage and e-mobility solutions, said it has acquired Barcelona-based Experta Solar, entering the Spanish market through the deal.

Read more: https://renewablesnow.com/news/climate-tech-startup-1komma5-buys-spains-experta-solar-833224/

-- Enfinity bags ICG funds to back 17-GW renewables portfolio

US-based renewable energy and sustainability services company Enfinity Global Inc has secured a EUR-400-million investment to support the development of its 17-GW project portfolio.

Read more: https://renewablesnow.com/news/enfinity-bags-icg-funds-to-back-17-gw-renewables-portfolio-833239/

-- Qair, JV partner to create green H2 refuelling network in Iceland

French independent renewable power producer Qair has bought a 50% stake in a unit of Iceland-based hydrogen refuelling stations provider Orkan to create a green hydrogen infrastructure network replicable in other countries.

Read more: https://renewablesnow.com/news/qair-jv-partner-to-create-green-h2-refuelling-network-in-iceland-833260/

-- China's CTG bids for control of Elecnor's renewables unit - report

China Three Gorges Corporation (CTG) is at the forefront of the bidding race for the acquisition of a controlling stake in Enerfin, the wind and solar subsidiary of Spanish infrastructure builder Elecnor SA, Spanish media outlet Voz Populi reported, citing sources close to the transaction.

Read more: https://renewablesnow.com/news/chinas-ctg-bids-for-control-of-elecnors-renewables-unit-report-833262/

-- Octopus invests in offshore wind developer Deep Wind Offshore

The generation arm of Britain's Octopus Energy has invested in Deep Wind Offshore, a Norwegian offshore wind developer with a project pipeline in Norway, Sweden and South Korea and an ambition to build 10 GW of offshore wind by 2032.

Read more: https://renewablesnow.com/news/octopus-invests-in-offshore-wind-developer-deep-wind-offshore-833278/

-- Redeux Energy offering for sale 1.7-GWp solar portfolio in US

Solar and storage project developer Redeux Energy Partners LLC has put up for sale a portfolio of over 1.7 GW DC of solar and 160 MW/640 MWh of battery energy storage projects located across several US states.

Read more: https://renewablesnow.com/news/redeux-energy-offering-for-sale-17-gwp-solar-portfolio-in-us-833346/

-- Dominion plans sale of minority stake in Coastal Virginia Wind

US utility Dominion Energy Inc intends to offload a non-controlling interest in its 2.6-GW Coastal Virginia Wind (CVOW) project in order to de-risk it, the company announced.

Read more: https://renewablesnow.com/news/dominion-plans-sale-of-minority-stake-in-coastal-virginia-wind-833347/

-- Igneo to buy majority interest in US power producer Soltage

Global infrastructure investment manager Igneo Infrastructure Partners has agreed to acquire a majority stake in US renewable power producer Soltage LLC, thus supporting its transition to a full Independent Power Producer (IPP).

Read more: https://renewablesnow.com/news/igneo-to-buy-majority-interest-in-us-power-producer-soltage-833348/

-- OX2 sheds 20-MW Polish wind project to Enea

Swedish renewables developer OX2 AB has offloaded a 20-MW onshore wind farm project in southeastern Poland to a unit of state-run utility Enea in a deal worth SEK 680 million.

Read more: https://renewablesnow.com/news/ox2-sheds-20-mw-polish-wind-project-to-enea-833349/

-- Eversource sells US seabed acreage to Ørsted in USD-625m deal

US utility Eversource Energy has closed the USD-625-million sale of an uncommitted federal lease area off the coast of Massachusetts to its joint venture partner Ørsted A/S.

Read more: https://renewablesnow.com/news/eversource-sells-us-seabed-acreage-to-rsted-in-usd-625m-deal-833358/

-- Repsol to buy Connectgen to gain access to US onshore wind market

Spanish energy group Repsol SA has agreed to acquire US renewables development company Connectgen for USD 768 million, expanding its presence in the country and entering the local onshore wind market through the deal.

Read more: https://renewablesnow.com/news/repsol-to-buy-connectgen-to-gain-access-to-us-onshore-wind-market-833413/

-- Shell to put German solar battery maker Sonnen on the block - report

British oil giant Shell Plc intends to put German residential solar battery maker Sonnen GmbH up for sale in a potential deal which could value the business at between EUR 1.35 billion and EUR 1.8 billion, German paper Handelsblatt reported.

Read more: https://renewablesnow.com/news/shell-to-put-german-solar-battery-maker-sonnen-on-the-block-report-833415/

-- SunCable recommits to Australia-Singapore link under new owner

The new owner of SunCable is moving forward with a focus on delivering its flagship project, the Australia-Asia Power Link (AAPowerLink), which seeks to provide green energy to Darwin in the Northern Territory, Australia and to Singapore.

Read more: https://renewablesnow.com/news/suncable-recommits-to-australia-singapore-link-under-new-owner-833416/

-- EV fleet, storage firm Zenobe secures USD-750m investment from KKR

Global investment firm KKR said it is investing USD 750 million in UK-based fleet electrification and grid-scale battery storage company Zenobe.

Read more: https://renewablesnow.com/news/ev-fleet-storage-firm-zenobe-secures-usd-750m-investment-from-kkr-833479/

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