Weekly renewables M&A round-up (Sept 26-30)

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

-- Neste, Marathon close renewable diesel JV, ready for end-2022 production

Finnish renewable fuels producer Neste Oyj (HEL:NESTE) and US downstream energy company Marathon Petroleum Corp (NYSE:MPC) have set up a joint venture (JV) to produce renewable diesel in California.

Read more: https://renewablesnow.com/news/neste-marathon-close-renewable-diesel-jv-ready-for-end-2022-production-799079/

-- Iberdrola looking to sell 49% in 1.2 GW of wind, solar in Spain - report

Spanish electric utility Iberdrola SA (BME:IBE) has hired Barclays Plc (LON:BARC) to help it land a minority investor in some 1,200 MW of wind and solar power assets in Spain, Spanish business news outlet Expansion reported on Monday citing unidentified market sources.

Read more: https://renewablesnow.com/news/iberdrola-looking-to-sell-49-in-12-gw-of-wind-solar-in-spain-report-799104/

-- Shell withdraws from two Irish floating wind projects of Simply Blue

Shell (LON:SHEL) will withdraw from offshore wind developer Simply Blue Group’s Western Star and Emerald floating offshore wind projects in Ireland, the companies confirmed in a joint statement over the weekend.

Read more: https://renewablesnow.com/news/shell-withdraws-from-two-irish-floating-wind-projects-of-simply-blue-799137/

-- Enfinity to snap up 400 MW of US solar parks from Capital Dynamics

Renewable energy and sustainability services company Enfinity Global Inc said on Monday it has sealed a definitive agreement to acquire a 400-MW portfolio of solar parks in the US from Swiss asset manager Capital Dynamics.

Read more: https://renewablesnow.com/news/enfinity-to-snap-up-400-mw-of-us-solar-parks-from-capital-dynamics-799229/

-- Prime Capital bolsters operations with Nordic wind, green hydrogen deals

German independent asset manager Prime Capital AG has announced a 290-MW wind portfolio acquisition in Sweden and the creation of a joint venture with project developer CPC Finland seeking to build a 200-MW green hydrogen plant.

Read more: https://renewablesnow.com/news/prime-capital-bolsters-operations-with-nordic-wind-green-hydrogen-deals-799296/

-- Altus Power buying 97 MW of US C&I solar systems

US clean energy firm Altus Power Inc (NYSE:AMPS) has said it is buying 97 MW of operating distributed solar assets across nine US states from undisclosed sellers for about USD 220 million (EUR 228m) funded by a mixture of cash on hand and assumed liabilities.

Read more: https://renewablesnow.com/news/altus-power-buying-97-mw-of-us-ci-solar-systems-799334/

-- Dubai fund invests in projects to develop 650 MW of renewables, storage

Dubai Investment Fund (DIF) today announced an investment in five renewable energy development projects in Australia and Europe, representing a combined capacity of more than 650 MW.

Read more: https://renewablesnow.com/news/dubai-fund-invests-in-projects-to-develop-650-mw-of-renewables-storage-799357/

-- Irish DCC lands deal for Dutch solar panels distributor PVO

Irish sales, marketing and support services group DCC Plc (LON:DCC) has inked a deal to acquire Netherlands-based solar and clean energy technology distributor PVO International BV, making its latest inorganic growth investment in the renewables sector over the past few months.

Read more: https://renewablesnow.com/news/irish-dcc-lands-deal-for-dutch-solar-panels-distributor-pvo-799383/

-- Orcan Energy raises EUR 28.5m to produce clean energy from waste heat

German cleantech Orcan Energy AG has secured EUR 28.5 million (USD 27.48m) in a late-stage growth round to finance its commercial traction and enhance its global supply chain.

Read more: https://renewablesnow.com/news/orcan-energy-raises-eur-285m-to-produce-clean-energy-from-waste-heat-799408/

-- Manor Renewable Energy doubles fleet size via acquisition

Manor Renewable Energy (MRE), a UK-based provider of engineering and fleet services for the offshore wind sector, has acquired for an undisclosed amount German maritime transport services firm OPUS Marine in a push to double its fleet size.

Read more: https://renewablesnow.com/news/manor-renewable-energy-doubles-fleet-size-via-acquisition-799442/

-- ORIX USA invests in 150-MW Texan wind park

ORIX Corporation USA, the unit of Japanese financial services group ORIX CORPORATION (TYO:8591), announced on Wednesday that it has completed an equity investment in a 150-MW wind power plant in Texas.

Read more: https://renewablesnow.com/news/orix-usa-invests-in-150-mw-texan-wind-park-799515/

-- Saint-Gobain bets on Swiss solar modules maker Megasol

Compagnie de Saint-Gobain SA (EPA:SGO) has taken a minority stake in a unit of Swiss solar modules and mounting systems maker Megasol as part of a strategic partnership aimed at expanding the French building materials maker’s photovoltaic (PV) facade solutions offering.

Read more: https://renewablesnow.com/news/saint-gobain-bets-on-swiss-solar-modules-maker-megasol-799546/

-- Octopus Energy buys 22.4-MW German wind project

Octopus Energy Generation has acquired a 22.4-MW wind project in the state of Rhineland-Palatinate from renewables developer Juwi AG and wiwi consult, marking the second acquisition for the UK company in Germany's wind market this month.

Read more: https://renewablesnow.com/news/octopus-energy-buys-224-mw-german-wind-project-799638/

-- Innergex to buy rest of 324-MW wind farm portfolio in France

Canadian electricity producer Innergex Renewable Energy Inc (TSE:INE) has struck a deal to buy the remaining 30.5% stake it did not previously own in a 324.2-MW wind portfolio in France.

Read more: https://renewablesnow.com/news/innergex-to-buy-rest-of-324-mw-wind-farm-portfolio-in-france-799516/

-- Shell inks deal to buy Nigerian solar firm Daystar Power

Oil and gas giant Shell Plc (LON:SHEL) has agreed to acquire Nigeria-based hybrid solar power solutions provider Daystar Power in a deal marking its first power acquisition in Africa.

Read more: https://renewablesnow.com/news/shell-inks-deal-to-buy-nigerian-solar-firm-daystar-power-799521/

-- Galileo, Hope form JV for 525-MW floating wind project off Italy

Pan-European renewable energy developer Galileo Green Energy GmbH and Italian sector player Hope Group today announced a joint venture (JV) to develop a 525-MW floating wind project in Italian waters.

Read more: https://renewablesnow.com/news/galileo-hope-form-jv-for-525-mw-floating-wind-project-off-italy-799526/

-- Brookfield to pour up to USD 2bn in two renewables-heavy operators in US

Brookfield Renewable Partners LP (NYSE:BEP) said on Thursday that it will invest up to USD 2 billion (EUR 2.05bn) to acquire two firms with sizable renewable energy portfolios in the US.

Read more: https://renewablesnow.com/news/brookfield-to-pour-up-to-usd-2bn-in-two-renewables-heavy-operators-in-us-799632/

-- Enbridge buys Tri Global Energy to boost renewables platform

Canadian energy transportation and distribution group Enbridge Inc (TSE:ENB; NYSE:ENB) has clinched a USD-270-million (EUR 275.7m) deal to acquire US renewables developer Tri Global Energy (TGE) which has a development portfolio of over 7 GW of wind and solar.

Read more: https://renewablesnow.com/news/enbridge-buys-tri-global-energy-to-boost-renewables-platform-799661/

-- Ignitis buying owner of 137-MW wind project in Poland

Lithuanian energy company Ignitis Grupe AB (VSE:IGN1L) said on Friday it has struck a deal to acquire an unnamed company that is developing an up to 137-MW wind project in Poland.

Read more: https://renewablesnow.com/news/ignitis-buying-owner-of-137-mw-wind-project-in-poland-799660/

-- Ørsted completes 50% stake sale in Hornsea 2 to French team

Ørsted A/S (CPH:ORSTED) on Thursday completed the sale of a 50% stake in its 1.3-GW Hornsea 2 offshore wind farm in the UK, the Danish clean energy group said.

Read more: https://renewablesnow.com/news/rsted-completes-50-stake-sale-in-hornsea-2-to-french-team-799663/

-- Foresight Solar, JLEN invest in 49.9 MW battery project in Scotland

Foresight Solar Fund Ltd (LON:FSFL) and JLEN Environmental Assets Group Ltd (LON:JLEN) have jointly acquired Gigabox No 4 Limited, an entity that holds the development rights to construct a 49.9-MW lithium-ion battery energy storage plant in Angus, Scotland.

Read more: https://renewablesnow.com/news/foresight-solar-jlen-invest-in-499-mw-battery-project-in-scotland-799689/

-- NESF raises short-term debt to enable more acquisitions

NextEnergy Solar Fund Ltd (LON:NESF) has said it has expanded its total available short-term debt to GBP 205 million (USD 228.9m/EUR 233.1m) in a bid to finance the acquisition of new solar and energy storage schemes.

Read more: https://renewablesnow.com/news/nesf-raises-short-term-debt-to-enable-more-acquisitions-799666/

-- PPL to sell solar project developer Safari Energy to Aspen Power

US energy company PPL Corp (NYSE:PPL) will offload its subsidiary PPL Safari Holdings LLC, which runs a business dedicated to the acquisition, development and management of solar projects in the commercial and industrial (C&I) sector.

Read more: https://renewablesnow.com/news/ppl-to-sell-solar-project-developer-safari-energy-to-aspen-power-799683/

Choose your newsletter by Renewables Now. Join for free!