Renewables Now covered M&A stories about Siemens Gamesa, TotalEnergies, EDP, RWE, Enel, Ørsted and others in the past week. Below is the full list:
— Siemens Gamesa strikes deal to sell Windar stake
Siemens Gamesa, part of Siemens Energy AG, has reached a deal to sell its 32% stake in Spanish wind turbine towers maker Windar Renovables to British investment firm Bridgepoint Group, a spokesperson for Siemens Energy confirmed for Renewables Now.
Read more: https://renewablesnow.com/news/siemens-gamesa-strikes-deal-to-sell-windar-stake-823660/
— IndiGrid agrees purchase of KKR-backed renewables platform Virescent
Indian power-sector infrastructure trust (InvIT) India Grid Trust, or IndiGrid, has recently inked an INR-40-billion deal to buy Virescent Renewable Energy Trust (VRET), a KKR-backed local renewable energy platform with 538 MWp of solar assets.
Read more: https://renewablesnow.com/news/indigrid-agrees-purchase-of-kkr-backed-renewables-platform-virescent-823667/
— Bridgepoint to take control of Windar
British investment firm Bridgepoint Group announced it is taking control of Spanish wind turbine towers maker Windar Renovables as part of its global commitment to the energy transition.
Read more: https://renewablesnow.com/news/update-bridgepoint-to-take-control-of-windar-823765/
— Octopus unit buys 400-MW Aussie wind project from Juwi
Octopus Investments Australia, part of UK-based Octopus Group, has acquired a 400-MW wind project in New South Wales from German Juwi AG’s local subsidiary.
Read more: https://renewablesnow.com/news/octopus-unit-buys-400-mw-aussie-wind-project-from-juwi-823766/
— Software co Odyssey bags USD 15m to grow distributed energy platform
US renewables-focused investment and asset management platform Odyssey Energy Solutions Inc has closed a USD-15-million financing round led by Union Square Ventures with plans to use the fresh capital to bolster its product offerings and geographic footprint.
Read more: https://renewablesnow.com/news/software-co-odyssey-bags-usd-15m-to-grow-distributed-energy-platform-823794/
— SUSI Partners buys majority stake in US renewables developer Encore
Swiss fund manager SUSI Partners AG has bought a controlling stake in US solar and battery storage developer Encore Renewable Energy, with plans to back the company’s ongoing transformation into an independent power producer (IPP).
Read more: https://renewablesnow.com/news/susi-partners-buys-majority-stake-in-us-renewables-developer-encore-823811/
— Scout, Elawan close sale of 199-MW wind farm to Evergy
Colorado-based renewable energy company Scout Clean Energy and joint venture partner Elawan Energy have wrapped up the sale of the 199-MW Persimmon Creek wind farm in western Oklahoma to electric utility Evergy Inc.
Read more: https://renewablesnow.com/news/scout-elawan-close-sale-of-199-mw-wind-farm-to-evergy-823840/
— New British green hydrogen JV targets 500 MW by 2030
UK independent energy infrastructure developer Carlton Power and specialist investment manager Schroders Greencoat LLP have agreed to form a joint venture with the objective of building a green hydrogen project portfolio of 500 MW by 2030.
Read more: https://renewablesnow.com/news/new-british-green-hydrogen-jv-targets-500-mw-by-2030-823861/
— TotalEnergies invests in Ductor to develop biogas projects
TotalEnergies SE announced an investment in Finnish biotechnology start-up Ductor along with a partnership between the two that will focus on the development of biogas and organic fertiliser projects across the US and Europe.
Read more: https://renewablesnow.com/news/totalenergies-invests-in-ductor-to-develop-biogas-projects-823884/
— JinkoSolar plans investment of almost USD 8bn in new Chinese factories
Chinese solar module maker JinkoSolar Holding Co Ltd made a couple of announcements in relation to its majority-owned principal operating subsidiary, including a massive investment plan of CNY 56 billion.
Read more: https://renewablesnow.com/news/jinkosolar-plans-investment-of-almost-usd-8bn-in-new-chinese-factories-823910/
— Foresight fund buys 107 MW of UK battery projects from Clearstone
British renewables developer Clearstone Energy has offloaded a 107-MW portfolio of battery energy storage systems (BESS) in the South of England to Foresight Energy Infrastructure Partners for an undisclosed sum.
Read more: https://renewablesnow.com/news/foresight-fund-buys-107-mw-of-uk-battery-projects-from-clearstone-823966/
— Solar connection start-up ConnectDER banks USD 27m in fund-raiser
ConnectDER, a US provider of meter collars for home solar connection, has pulled in USD 27 million in fresh capital to expand its business in a Series C financing round led by Energy Innovation Capital (EIC).
Read more: https://renewablesnow.com/news/solar-connection-start-up-connectder-banks-usd-27m-in-fund-raiser-823993/
— Certas Energy advances renewables push with new unit, acquisition
UK fuel and lubricants distributor Certas Energy is advancing its energy transition strategy with the appointment of a head of its newly-formed renewables solutions unit as well as with the recent acquisition of local renewable energy systems provider Hafod Renewable Energy.
Read more: https://renewablesnow.com/news/certas-energy-advances-renewables-push-with-new-unit-acquisition-824013/
— EDP transfers Principle Power stake to Ocean Winds JV
Portuguese utility EDP has transferred its 25.4% stake in floating offshore wind platform specialist Principle Power to Ocean Winds, the 50/50 joint venture of EDP Renewables and Engie SA.
Read more: https://renewablesnow.com/news/edp-transfers-principle-power-stake-to-ocean-winds-jv-824025/
— Repsol selling 49% stake in wind, solar portfolio in Spain
Spanish multi-energy group Repsol SA has launched a search for a minority partner that will acquire a 49% stake in its portfolio of solar photovoltaic and wind power assets in Spain, according to media reports in the country.
Read more: https://renewablesnow.com/news/repsol-selling-49-stake-in-wind-solar-portfolio-in-spain-824049/
— RWE to buy Northland out of 1.6-GW German offshore wind cluster
German energy major RWE AG will become the sole owner of the 1,560-MW Nordseecluster offshore wind project portfolio in the North Sea by acquiring the minority share of its partner, Canadian power producer Northland Power Inc.
Read more: https://renewablesnow.com/news/rwe-to-buy-northland-out-of-16-gw-german-offshore-wind-cluster-824050/
— Enel halts stake sale in Greek renewable business – report
The proposed sale of a 50% interest in Enel SpA’s Greek renewable energy subsidiary has been temporarily frozen, Greek news portal Newmoney reports.
Read more: https://renewablesnow.com/news/enel-halts-stake-sale-in-greek-renewable-business-report-824098/
— Eversource to exit US offshore wind JV with Ørsted in USD-625m deal
Denmark’s Ørsted A/S has struck a deal to buy out its JV partner Eversource Energy’s 50% stake in an uncontracted federal offshore wind lease area in the US Northeast, as well as some key operational assets, in a deal worth USD 625 million.
Read more: https://renewablesnow.com/news/eversource-to-exit-us-offshore-wind-jv-with-rsted-in-usd-625m-deal-824099/
— Cannon-Brookes vehicle to buy Sun Cable out of administration
Sun Cable will be acquired by an entity affiliated with Grok Ventures, an investment vehicle of Australian billionaire Mike Cannon-Brookes, as announced by the voluntary administrators of the company, namely FTI Consulting.
Read more: https://renewablesnow.com/news/cannon-brookes-vehicle-to-buy-sun-cable-out-of-administration-824110/
— SPAC gets more time to conclude Suntuity acquisition
Beard Energy Transition Acquisition Corp, the blank check company looking to acquire Suntuity Renewables, has earned more time to consummate its planned merger with the US residential solar firm.
Read more: https://renewablesnow.com/news/spac-gets-more-time-to-conclude-suntuity-acquisition-824151/
— MOL to acquire Hungarian biogas plant from BayWa
Hungarian oil and gas company MOL Group said it has agreed to acquire the Szarvas biogas plant in Hungary from Germany’s BayWa AG.
Read more: https://renewablesnow.com/news/mol-to-acquire-hungarian-biogas-plant-from-baywa-824158/
— EnBW inks deal to sell minority stake in power grid business
German energy company EnBW Energie Baden-Wuerttemberg AG has agreed to sell a 24.95% stake in its transmission system operator (TSO) TransnetBW to a consortium of banks and insurers, with the new investor expected to help finance planned grid development projects.
Read more: https://renewablesnow.com/news/enbw-inks-deal-to-sell-minority-stake-in-power-grid-business-824164/
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