November 11 (Renewables Now) – Renewables Now covered M&A stories about Siemens Gamesa, KKR, Origin Energy and others in the past week. Below is the full list:
— Engie buys 50-MW battery storage project in Scotland
French energy company Engie SA (EPA:ENGI) has taken possession of a 50-MW battery energy storage project in Scotland’s South Lanarkshire, the vendors announced.
Read more: https://renewablesnow.com/news/engie-buys-50-mw-battery-storage-project-in-scotland-803765/
— Siemens Energy cleared to launch EUR-4bn Siemens Gamesa buyout
Siemens Energy AG (ETR:ENR) has been authorised by Spain’s National Securities Market Commission (CNMV) to kick off a takeover offer for the 32.9% stake it does not already own in Siemens Gamesa Renewable Energy SA (BME:SGRE).
Read more: https://renewablesnow.com/news/siemens-energy-cleared-to-launch-eur-4bn-siemens-gamesa-buyout-803816/
— FRV buys majority stake in 600-MW BESS project in Greece
Spain-based renewables developer Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, announced it has acquired a majority stake in a 600-MW battery electricity storage system (BESS) project in Greece.
Read more: https://renewablesnow.com/news/frv-buys-majority-stake-in-600-mw-bess-project-in-greece-803847/
— Complete Solar, Solaria wrap up merger
US-based solar services platform operator Complete Solar Holding Corp and solar panels maker The Solaria Corp have completed their merger, creating Complete Solaria Inc, a full system operator with an expanded national presence and strong potential for organic growth.
Read more: https://renewablesnow.com/news/complete-solar-solaria-wrap-up-merger-803873/
— KKR to invest USD 400m in Indian renewables platform Serentica
US private equity firm KKR & Co Inc (NYSE:KKR) intends to inject USD 400 million into India-based renewable power and clean energy solutions provider Serentica Renewables.
Read more: https://renewablesnow.com/news/kkr-to-invest-usd-400m-in-indian-renewables-platform-serentica-803931/
— Commerz Real, Hydro Rein to invest in 1-GWp Danish solar portfolio
German investment manager Commerz Real AG and Hydro Rein, part of aluminum producer Norsk Hydro ASA (OSE:NHY), have pledged to invest over EUR 600 million in an over 1-GWp solar project portfolio in Denmark over the next three-five years.
Read more: https://renewablesnow.com/news/commerz-real-hydro-rein-to-invest-in-1-gwp-danish-solar-portfolio-803944/
— New German JV Aracari Solar aims to develop up to 500 MW
German solar project developer Aracari GmbH and domestic investor Vestinas Solar GmbH have set up a joint venture (JV) that will aim to develop up to 500 MW of solar projects in Germany and bring them to the shovel-ready stage.
Read more: https://renewablesnow.com/news/new-german-jv-aracari-solar-aims-to-develop-up-to-500-mw-803954/
— Bowman Consulting buys solar projects engineer SEIE
US engineering services firm Bowman Consulting Group Ltd (NASDAQ:BWMN) aims to further accelerate the growth of its renewable energy business through the acquisition of SEI Engineering LLC (SEIE), a local provider of technical services to developers and owners of solar plants.
Read more: https://renewablesnow.com/news/bowman-consulting-buys-solar-projects-engineer-seie-803958/
— Eurowind, Capstone set up JV for 1-GW-plus renewables portfolio in US
Danish renewables developer Eurowind Energy A/S and Canadian independent power producer Capstone Infrastructure Corporation (TSE:CSE-A) have set up a joint venture (JV) to pursue clean energy opportunities in the US.
Read more: https://renewablesnow.com/news/eurowind-capstone-set-up-jv-for-1-gw-plus-renewables-portfolio-in-us-803973/
— OX2 to close 9-GW offshore wind stake sale to Ingka in 2 weeks
Swedish renewables developer OX2 AB (STO:OX2) said it has secured regulatory clearance to shed a 49% stake in an up to 9-GW portfolio of offshore wind projects to Ingka Investment, expecting the deal to close within two weeks.
Read more: https://renewablesnow.com/news/ox2-to-close-9-gw-offshore-wind-stake-sale-to-ingka-in-2-weeks-804076/
— Sonnedix buys 262-MWp solar portfolio to enter Portugal
Global independent power producer (IPP) Sonnedix Power Holdings Ltd has acquired a 262-MWp solar PV portfolio in Portugal, making its entry into the market.
Read more: https://renewablesnow.com/news/sonnedix-buys-262-mwp-solar-portfolio-to-enter-portugal-804088/
— Source Energie, Galileo JV targets 5 GW of European wind, solar, storage
Renewables developer Source Energie and pan-European investment platform Galileo have joined forces to develop more than 5 GW of renewables and energy storage projects in Ireland, Norway and the UK.
Read more: https://renewablesnow.com/news/source-energie-galileo-jv-targets-5-gw-of-european-wind-solar-storage-804099/
— Encavis buys 37.6-MW solar carport in Netherlands
German solar and wind farm operator Encavis AG (ETR:ECV) has bought a solar carport in the Dutch province of Flevoland with a total power generating capacity of 37.6 MW.
Read more: https://renewablesnow.com/news/encavis-buys-376-mw-solar-carport-in-netherlands-804104/
— DIF Capital Partners to take control of Swedish solar developer Alight
Dutch investment manager DIF Capital Partners will invest EUR 150 million in Nordic solar developer Alight AB and acquire a majority stake in the business, the parties announced.
Read more: https://renewablesnow.com/news/dif-capital-partners-to-take-control-of-swedish-solar-developer-alight-804108/
— OYA, Oil Well Shares to jointly develop 3 GW of renewables in PJM
OYA Renewables and Appalachian energy company Oil Well Shares (OWS) have set up a joint venture to develop and build over 3 GW of community and utility-scale renewable energy projects across OWS’s current land inventory in the PJM region.
Read more: https://renewablesnow.com/news/oya-oil-well-shares-to-jointly-develop-3-gw-of-renewables-in-pjm-804178/
— Brookfield, MidOcean place USD-11.8bn takeover bid for Australia’s Origin
A consortium led by Canadian infrastructure investor Brookfield Asset Management Inc (TSE:BAM.PF.F) has made a non-binding takeover bid for Australia’s Origin Energy Ltd (ASX:ORG) that values the electricity and natural gas company at AUD 18.4 billion.
Read more: https://renewablesnow.com/news/brookfield-midocean-place-usd-118bn-takeover-bid-for-australias-origin-804230/
— Reka Industrial to sell cable business to Nexans for EUR 53m
Finnish cable and rubber manufacturer Reka Industrial Oyj (HEL:REKA) announced it is selling its cable business to French sector player Nexans SA (EPA:NEX), which is a major supplier to the renewable energy industry.
Read more: https://renewablesnow.com/news/reka-industrial-to-sell-cable-business-to-nexans-for-eur-53m-804314/
— EIT InnoEnergy agrees to invest in Prime Batteries Technology
EU-backed sustainable energy investor EIT InnoEnergy has signed a deal to make an investment of an undisclosed amount in Prime Batteries Technology, a manufacturer of lithium-ion batteries and tailor-made storage systems.
Read more: https://renewablesnow.com/news/eit-innoenergy-agrees-to-invest-in-prime-batteries-technology-804363/
— Pineapple Energy buys New York solar installer SUNation
Minnetonka, Minnesota-based Pineapple Energy Inc said it has acquired New York residential and commercial solar installer SUNation Energy.
Read more: https://renewablesnow.com/news/pineapple-energy-buys-new-york-solar-installer-sunation-804370/
— Blackstone-backed ClearGen invests in 1.4-GW wind farms portfolio
US distributed and sustainable energy infrastructure investor ClearGen LLC, which is backed by the global credit investment platform of Blackstone (NYSE:BX), has invested in a US-based portfolio of partnership interests in 25 wind farms with an existing generation capacity of 1.4 net GW.
Read more: https://renewablesnow.com/news/blackstone-backed-cleargen-invests-in-14-gw-wind-farms-portfolio-804384/
— Sonnedix buys 36-MWp operating solar park in Spain
Global independent power producer (IPP) Sonnedix Power Holdings Ltd announced it has acquired a 36-MWp solar photovoltaic (PV) plant already in operation in Spain’s Ciudad Real province.
Read more: https://renewablesnow.com/news/sonnedix-buys-36-mwp-operating-solar-park-in-spain-804437/
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