Weekly renewables M&A round-up (Sept 2-6)

Renewables Now covered M&A stories about Everfuel, Lumio, Ayana Renewable Power, Avangrid, and others this week. Below is the full list:

-- ONE Energy agrees sale of renewables ops to TRENDE

TRENDE Inc, a provider of renewable energy solutions to residential customers in Japan, has agreed to acquire the renewable energy operations of US industrial power company One Energy Corporation, consisting of its battery storage rental, solar leasing and rooftop solar generation businesses.

Read more: https://renewablesnow.com/news/one-energy-agrees-sale-of-renewables-ops-to-trende-867643/

-- Equitix gains 24 MW in Poland as OX2 hands over new wind farm

UK-based infrastructure investor and fund manager Equitix has been delivered a 24-MW wind farm in Poland, a press release from the farm’s builder said.

Read more: https://renewablesnow.com/news/equitix-gains-24-mw-in-poland-as-ox2-hands-over-new-wind-farm-867700/

-- RES snaps up turbine blade inspection firm Sulzer Schmid

Independent renewable energy developer RES Group unveiled the acquisition for an undisclosed amount of Sulzer & Schmid Laboratories AG, a Switzerland-based provider of autonomous drone inspection and condition monitoring of wind turbine blades.

Read more: https://renewablesnow.com/news/res-snaps-up-turbine-blade-inspection-firm-sulzer-schmid-867705/

-- DORE set to buy three hydropower plants in Sweden

London-based Downing Renewables and Infrastructure Trust Plc plans to invest GBP 5 million to buy three Swedish hydropower plants whose combined annual production is expected to reach about 7.5 GWh after certain upgrades.

Read more: https://renewablesnow.com/news/dore-set-to-buy-three-hydropower-plants-in-sweden-867746/

-- Swiss Life AM entity launches tender bid targeting Everfuel

An affiliate of Swiss Life Asset Management AG has formally kicked off its unregulated recommended voluntary cash bid to buy all shares of Danish green hydrogen company Everfuel A/S other than treasury shares or those held by the so-called rollover shareholders.

Read more: https://renewablesnow.com/news/swiss-life-am-entity-launches-tender-bid-targeting-everfuel-867777/

-- Adani Green, TotalEnergies to partner on 1.15 GW of solar at Khavda

French multi-energy group TotalEnergies SE and Indian renewables company Adani Green Energy Ltd have agreed to form a 50/50 joint venture to advance a solar portfolio of 1,150 MWac in Gujarat, India.

Read more: https://renewablesnow.com/news/adani-green-totalenergies-to-partner-on-115-gw-of-solar-at-khavda-867783/

-- SEFE closes acquisition of gas grid operator Wiga

German nationalised energy company Securing Energy for Europe GmbH (SEFE) said it has completed a deal to take full control of gas network operator Wiga in a move that would bolster Germany’s hydrogen strategy.

Read more: https://renewablesnow.com/news/sefe-closes-acquisition-of-gas-grid-operator-wiga-867795/

-- EDF Renewables acquires S Korean offshore wind project from Shell

EDF Renewables today announced the acquisition of an offshore wind project in South Korea from oil giant Shell plc.

Read more: https://renewablesnow.com/news/edf-renewables-acquires-s-korean-offshore-wind-project-from-shell-867818/

-- Residential solar firm Lumio makes Chapter 11 filing, seeks sale

US residential solar firm Lumio announced today that it has filed for Chapter 11 bankruptcy protection to facilitate “a value-maximising sale process” and said it has inked a USD-100-million stalking horse asset purchase agreement with its major senior secured lender.

Read more: https://renewablesnow.com/news/residential-solar-firm-lumio-makes-chapter-11-filing-seeks-sale-867837/

-- Baseload Capital bags EUR 53m to advance geothermal pipeline

Baseload Capital, a Sweden-based investment firm focused on geothermal power, announced the closure of a EUR-53-million Series B financing round, which it plans to use for the commercialisation of its current portfolio of projects.

Read more: https://renewablesnow.com/news/baseload-capital-bags-eur-53m-to-advance-geothermal-pipeline-867873/

-- Bureau Veritas buys renewables-focused consultancy ArcVera

French inspection and certification services group Bureau Veritas SA is advancing its strategy to expand its expertise in the renewables sector, announcing the acquisition of Golden, Colorado-based ArcVera Renewables.

Read more: https://renewablesnow.com/news/bureau-veritas-buys-renewables-focused-consultancy-arcvera-867885/

-- Bluefield Solar closes sale of half of 112-MW solar portfolio to GLIL

London-listed Bluefield Solar Income Fund Ltd said it has completed the sale of a 50% stake in a 112-MW portfolio of UK solar assets to GLIL Infrastructure, a partnership of UK pension funds.

Read more: https://renewablesnow.com/news/bluefield-solar-closes-sale-of-half-of-112-mw-solar-portfolio-to-glil-867963/

-- SKL to take over 150-MW Norwegian wind farm, Aquila to exit asset

Norwegian hydropower energy company Sunnhordland Kraftlag AS (SKL) has agreed to take a controlling stake in a 150-MW operational wind farm at home in a deal that will see London-listed diversified renewable energy investment trust Aquila European Renewables sells its entire interest in the asset.

Read more: https://renewablesnow.com/news/skl-to-take-over-150-mw-norwegian-wind-farm-aquila-to-exit-asset-867967/

-- Mingyang sets up wind turbine manufacturing JV in S Korea

Chinese wind turbine manufacturer Mingyang Smart Energy Group Ltd has formed a joint venture with South Korean sector player Unison to produce wind turbines in South Korea.

Read more: https://renewablesnow.com/news/mingyang-sets-up-wind-turbine-manufacturing-jv-in-s-korea-867980/

-- India's Ayana Renewable Power shortlists two suitors - report

Two bidders have made it to the final round of the auction for India-based clean energy platform Ayana Renewable Power, with the offers valuing the business at up to USD 1.8 billion, The Economic Times reported.

Read more: https://renewablesnow.com/news/indias-ayana-renewable-power-shortlists-two-suitors-report-867982/

-- RES, SCR sell 17-MW BESS project in Sweden

UK-based independent renewable energy developer RES Group and Swedish battery developer SCR have sold a 17-MW battery energy storage system (BESS) project in Sweden to Rocmore Energy.

Read more: https://renewablesnow.com/news/res-scr-sell-17-mw-bess-project-in-sweden-867988/

-- Greenvolt to sell 153-MW Italian solar bundle to Nuveen

Portuguese renewables developer and power producer Greenvolt - Energias Renovaveis SA announced it is selling a 153-MWp Italian solar project portfolio to UK fund manager Nuveen Infrastructure.

Read more: https://renewablesnow.com/news/greenvolt-to-sell-153-mw-italian-solar-bundle-to-nuveen-868003/

-- Iberdrola secures FERC nod for USD-2.55bn buyout of Avangrid

Avangrid Inc said that the Federal Energy Regulatory Commission (FERC) has cleared the US sustainable energy company’s agreed USD-2.55-billion buyout by its largest shareholder, Spanish utility Iberdrola SA.

Read more: https://renewablesnow.com/news/iberdrola-secures-ferc-nod-for-usd-255bn-buyout-of-avangrid-868016/

-- OX2 sells 119-MW Aussie solar project

Swedish renewables developer OX2 AB has closed a deal to sell a 119-MWac solar project in Australia’s state of Victoria, the company announced without revealing the name of the buyer.

Read more: https://renewablesnow.com/news/ox2-sells-119-mw-aussie-solar-project-868051/

-- Actis to join 3.5-GWp Philippine solar-plus-storage project

UK investment firm Actis announced that it has agreed to invest in the Terra Solar Project in the Philippines which is planned to accommodate 3.5 GWp of solar capacity and 4.5 GWh of battery energy storage systems (BESS).

Read more: https://renewablesnow.com/news/actis-to-join-35-gwp-philippine-solar-plus-storage-project-868087/

-- Arteche invests in flywheel maker Teraloop to join energy storage space

Spanish electrical equipment manufacturer Arteche Lantegi Elkartea SA announced that it has entered the energy storage market through a strategic investment in Teraloop Oy, a Finnish company specialising in flywheel-based power management and storage solutions.

Read more: https://renewablesnow.com/news/arteche-invests-in-flywheel-maker-teraloop-to-join-energy-storage-space-868092/

-- Energir attracts USD-425m investment for decarbonisation strategy

Energir’s existing investors, Canadian institutional investor CDPQ and development capital fund Fonds de solidarite FTQ, have poured an additional CAD 575 million into the energy group to support its decarbonisation and resilience strategy, the parties announced jointly.

Read more: https://renewablesnow.com/news/energir-attracts-usd-425m-investment-for-decarbonisation-strategy-868109/

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