October 7 (Renewables Now) – Renewables Now covered M&A stories about RWE, First Solar, EDPR, and others in the past week. Below is the full list:
— Engie to acquire 252-MW wind energy package in Chile
Chilean utility Engie Energia Chile SA has signed an agreement to acquire two operating wind farms totalling 101 MW, and a wind energy development of up to 151 MW.
Read more: https://renewablesnow.com/news/engie-to-acquire-252-mw-wind-energy-package-in-chile-799958/
— ReneSola starts IPP ops in Europe with 50-MWp solar deal in UK
Solar project developer and operator ReneSola Ltd (NYSE:SOL) has announced the acquisition of a 50-MWp solar park in the UK, marking the launch of its independent power producer (IPP) business in Europe.
Read more: https://renewablesnow.com/news/renesola-starts-ipp-ops-in-europe-with-50-mwp-solar-deal-in-uk-799847/
— RWE scores USD-6.8bn deal to buy Con Edison’s clean energy ops
German energy major RWE AG (ETR:RWE) is set to almost double the business of its renewable energy arm in the US with an agreement to acquire the clean energy operations of New York-based energy products and services provider Consolidated Edison Inc (NYSE:ED) at an enterprise value of USD 6.8 billion (EUR 6.92bn).
Read more: https://renewablesnow.com/news/rwe-scores-usd-68bn-deal-to-buy-con-edisons-clean-energy-ops-799875/
— AtlasInvest-backed Aukera to snap up 1-GW solar portfolio in Germany
Aukera Energy, a renewable energy investment platform of energy investor AtlasInvest, will acquire a roughly 1-GW portfolio of solar projects in Germany from Berlin-based Securenergy Solutions AG.
Read more: https://renewablesnow.com/news/atlasinvest-backed-aukera-to-snap-up-1-gw-solar-portfolio-in-germany-799872/
— Downing closes buy of 30-MW Finnish wind farm from Energiequelle
London-based investment management firm Downing LLP on Thursday said it has closed the acquisition of the 30-MW Konttisuo wind park in Finland and announced the plant’s commissioning.
Read more: https://renewablesnow.com/news/downing-closes-buy-of-30-mw-finnish-wind-farm-from-energiequelle-799904/
— Algonquin sells stakes in 726 MW of wind assets to InfraRed Capital
Canada’s Algonquin Power & Utilities Corp (TSE:AQN) is selling stakes in a 551-MW wind portfolio in the US and in a 175-MW wind farm in Canada to infrastructure investment manager InfraRed Capital Partners.
Read more: https://renewablesnow.com/news/algonquin-sells-stakes-in-726-mw-of-wind-assets-to-infrared-capital-799954/
— First Sentier looking to buy into Greece’s Terna Energy – report
Australian investment group First Sentier is willing to acquire a majority stake in Greek renewable power producer Terna Energy (ATH:TENERGY), local daily Kathimerini reports.
Read more: https://renewablesnow.com/news/first-sentier-looking-to-buy-into-greeces-terna-energy-report-799983/
— Complete Solar, Solaria agree to go-public merger
US residential solar companies Complete Solar Holding Corp and The Solaria Corp have agreed to merge into Complete Solaria Inc, with the enlarged business set to go public on the New York Stock Exchange (NYSE) through a combination with a blank check company.
Read more: https://renewablesnow.com/news/complete-solar-solaria-agree-to-go-public-merger-800017/
— NovaSource acquires First Solar’s Aussie O&M assets
NovaSource Power Services, a solar operations and maintenance (O&M) specialist backed by Canadian private equity firm Clairvest Group Inc (TSE:CVG), has acquired the Australian O&M activities of First Solar Inc (NASDAQ:FSLR).
Read more: https://renewablesnow.com/news/novasource-acquires-first-solars-aussie-om-assets-800070/
— Innergex closes buy of 324-MW French wind portfolio
Canadian electricity producer Innergex Renewable Energy Inc (TSE:INE) announced on Tuesday it is now the sole owner of a 324.2-MW wind portfolio in France.
Read more: https://renewablesnow.com/news/innergex-closes-buy-of-324-mw-french-wind-portfolio-800165/
— German insurer Gothaer invests EUR 10m in solar firm Wegatech
German insurance group Gothaer is injecting EUR 10 million (USD 9.89m) into Cologne-based sustainable energy technology provider Wegatech Greenergy GmbH as part of strategic cooperation.
Read more: https://renewablesnow.com/news/german-insurer-gothaer-invests-eur-10m-in-solar-firm-wegatech-800241/
— FFI invests in Tree Energy Solutions to form green gas import team
Australia’s Fortescue Future Industries (FFI) will pour EUR 130 million (USD 128.6m) into a new partnership with energy infrastructure developer Tree Energy Solutions BV (TES) that will support the delivery of a German green hydrogen and green energy import facility and other projects.
Read more: https://renewablesnow.com/news/ffi-invests-in-tree-energy-solutions-to-form-green-gas-import-team-800180/
— DIF Capital Partners invests in French renewables company Qair
DIF Capital Partners has signed an agreement to invest in French renewable power producer Qair, the parties said without specifying the scale of the investment.
Read more: https://renewablesnow.com/news/dif-capital-partners-invests-in-french-renewables-company-qair-800218/
— First Solar concludes Japanese O&M disposal
First Solar Inc (NASDAQ:FSLR) has completed the divestment of its solar operations and maintenance (O&M) platform in Japan to funds managed by PAG Real Assets as part of a larger deal from earlier this year.
Read more: https://renewablesnow.com/news/first-solar-concludes-japanese-om-disposal-800251/
— Energy storage firm Form Energy raises USD 450m in fresh funds
US energy storage systems developer Form Energy Inc has raised USD 450 million (EUR 455.6m) in a Series E financing round, with the fresh funds coming at a time when the start-up is looking for a site to build its first full-scale battery manufacturing facility.
Read more: https://renewablesnow.com/news/energy-storage-firm-form-energy-raises-usd-450m-in-fresh-funds-800287/
— Suncor Energy to shed wind, solar assets
Canadian oil sands developer Suncor Energy Inc (TSE:SU) has reached a CAD-730-million (USD 536.4m/EUR 541.0m) deal to sell its wind and solar assets in a push to focus on hydrogen and renewable fuels.
Read more: https://renewablesnow.com/news/suncor-energy-to-shed-wind-solar-assets-800318/
— EDPR wraps up acquisition of German solar developer Kronos
EDP Renovaveis SA (ELI:EDPR) has completed the acquisition of a 70% interest in German developer Kronos Solar Projects GmbH which has a portfolio of 9.4 GW of solar projects under development.
Read more: https://renewablesnow.com/news/edpr-wraps-up-acquisition-of-german-solar-developer-kronos-800389/
— ARENA backs 1-GW Aussie offshore wind project near giant smelter
The Australian Renewable Energy Agency (ARENA) is providing funding to support Alinta Energy Ltd in the early-stage development of a 1-GW offshore wind project that could power the Portland Aluminium Smelter.
Read more: https://renewablesnow.com/news/arena-backs-1-gw-aussie-offshore-wind-project-near-giant-smelter-800336/
— Opdenergy hands over 81 MW of Spanish solar projects to Bruc Energy
Spanish independent power producer (IPP) Opdenergy Holding SA (BME:OPDE) said that it has handed over two solar PV projects with a combined capacity of 81 MW to Madrid-based renewables investment vehicle Bruc Energy.
Read more: https://renewablesnow.com/news/opdenergy-hands-over-81-mw-of-spanish-solar-projects-to-bruc-energy-800451/
— EDPR to sell 260 MW of Brazilian wind parks to Copel
DP Renovaveis SA (ELI:EDPR), or EDP Renewables, has signed a deal to sell two operating wind farms in the Brazilian state of Rio Grande do Norte totalling 260 MW to Companhia Paranaense de Energia (NYSE:ELP), better known as Copel.
Read more: https://renewablesnow.com/news/edpr-to-sell-260-mw-of-brazilian-wind-parks-to-copel-800457/
— Solar racking provider Unirac secures more PE firms as investors
Middle-market private equity firm Greenbelt Capital Partners has led a majority recapitalisation investment of an undisclosed amount in US solar racking and mounting solutions provider Unirac Inc.
Read more: https://renewablesnow.com/news/solar-racking-provider-unirac-secures-more-pe-firms-as-investors-800469/
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