Renewables Now covered M&A stories about EDF Renewables, Iberdrola, Shell, Ørsted and others in the past week. Below is the full list:
— Southern Gold inks deal to buy battery technology firm IDT
Australian mineral explorer Southern Gold Limited (ASX:SAU) unveiled a deal to acquire battery technology company Iondrive Technologies Pty Ltd (IDT) which has a strategic partnership with the University of Adelaide to commercialise energy storage technologies.
Read more: https://renewablesnow.com/news/southern-gold-inks-deal-to-buy-battery-technology-firm-idt-824426/
— Germany may sell Tennet stake after acquisition – report
The German government is exploring the option to sell a majority interest in the local unit of Dutch transmission system operator Tennet Holding BV soon after it buys it from the Dutch state, Bloomberg reported on Friday.
Read more: https://renewablesnow.com/news/germany-may-sell-tennet-stake-after-acquisition-report-824281/
— Motor Oil buys into Greek firm with stake in 1.9-GW solar portfolio
Greek petroleum refiner Motor Oil Hellas (FRA:MHZ) has acquired a majority interest in domestic solar power producer Unagi SA, thus getting access to its ownership in a photovoltaic (PV) portfolio of 1.9 GW.
Read more: https://renewablesnow.com/news/motor-oil-buys-into-greek-firm-with-stake-in-19-gw-solar-portfolio-824255/
— RPC, Greenfield partner to develop 500 MW of battery storage in UK
Renewable Power Capital (RPC), a UK-based renewables platform backed by CPP Investments, and London-based renewables developer Greenfield have agreed to develop at least 500 MW of battery storage capacity in the UK.
Read more: https://renewablesnow.com/news/rpc-greenfield-partner-to-develop-500-mw-of-battery-storage-in-uk-824353/
— Simply Blue, EDF Renewables team up on 2.65 GW of Irish floating wind
EDF Renewables Ireland, part of French electricity company EDF (EPA:EDF), has teamed up with Cork, Ireland-based developer Simply Blue Group to develop two floating offshore wind projects in Ireland with a potential combined capacity of up to 2.65 GW.
Read more: https://renewablesnow.com/news/simply-blue-edf-renewables-team-up-on-265-gw-of-irish-floating-wind-824466/
— Iberdrola, Norges Bank close giga-deal for solar, wind in Spain
Spanish utility Iberdrola SA (BME:IBE) said on Wednesday that it has finalised the agreement with Norway’s Norges Bank Investment Management (NBIM) to sell it a minority stake in a 1,265-MW wind and solar portfolio in Spain and added more than 500 MW of renewables to the negotiations.
Read more: https://renewablesnow.com/news/iberdrola-norges-bank-close-giga-deal-for-solar-wind-in-spain-824506/
— Crowley invests in Tugdock to partner on floating dry docks for wind
US maritime company Crowley has invested in Tugdock, a Cornwall, UK-based firm which has developed a floating dry dock, to support offshore wind development in the US.
Read more: https://renewablesnow.com/news/crowley-invests-in-tugdock-to-partner-on-floating-dry-docks-for-wind-824554/
— Canadian Solar sells 100-MWp solar plant in Japan
Canadian Solar Inc (NASDAQ:CSIQ) announced on Wednesday it has finalised the sale of the 100-MWp Azuma Kofuji solar park in Japan’s northeastern prefecture of Fukushima to local investors arranged by Mizuho Securities Co Ltd.
Read more: https://renewablesnow.com/news/canadian-solar-sells-100-mwp-solar-plant-in-japan-824601/
— NOVA invests in Nopetro Energy under RNG partnership
US infrastructure investment firm NOVA Infrastructure has made an equity investment of an undisclosed size in local renewable and liquefied natural gas company Nopetro Energy as part of a broader partnership agreement to jointly establish a renewable natural gas (RNG) and biofuels platform.
Read more: https://renewablesnow.com/news/nova-invests-in-nopetro-energy-under-rng-partnership-824686/
— Shell snatches up 1.1-GW solar portfolio in Spain
Oil and gas major Shell Plc (LON:SHEL) has purchased a portfolio of 12 solar projects in Spain with a combined capacity of 1.1 GW from local green investments-focused consulting firm Isemaren.
Read more: https://renewablesnow.com/news/shell-snatches-up-11-gw-solar-portfolio-in-spain-824624/
— Mytilineos buys 1.4-GW solar portfolio in western Canada
Greek industrial group Mytilineos SA (FRA:MYH) has agreed to acquire a portfolio of five solar projects in Alberta, Canada with an expected combined capacity of 1,410 MWdc from local solar and energy storage developer Westbridge Energy Corporation (CVE:WEB).
Read more: https://renewablesnow.com/news/mytilineos-buys-14-gw-solar-portfolio-in-western-canada-824584/
— OX2 to divest 27-MW wind farm in Italy
Swedish renewables developer OX2 AB (STO:OX2) has agreed to sell a 27-MW onshore wind farm in Foggia, Italy, to UK fund manager Glennmont Partners, the Swedish company said on Thursday without disclosing any financial details of the deal.
Read more: https://renewablesnow.com/news/ox2-to-divest-27-mw-wind-farm-in-italy-824595/
— Qualitas Energy buys run-of-river hydro in Chile, opens local office
Spanish renewables investor Qualitas Energy said on Thursday that it has opened an office in Chile after acquiring its first asset in the country, a run-of-river hydroelectric power plant.
Read more: https://renewablesnow.com/news/qualitas-energy-buys-run-of-river-hydro-in-chile-opens-local-office-824587/
— Australia’s LINE Hydrogen targets London listing via merger
Australian green hydrogen production firm LINE Hydrogen is seeking to go public in London through a merger with UK-based special purpose acquisition company (SPAC) Net Zero Infrastructure PLC (LON:NZI) in a push to capitalise on the growing global demand for green and sustainable energy solutions.
Read more: https://renewablesnow.com/news/australias-line-hydrogen-targets-london-listing-via-merger-824683/
— CleanJoule rolls up USD 50m to scale SAF production
US sustainable aviation fuel (SAF) producer CleanJoule announced it has raised USD 50 million (EUR 46.4m) in a financing round led by the principals of local private equity firm Indigo Partners and also unveiled a supply agreement with three airlines.
Read more: https://renewablesnow.com/news/cleanjoule-rolls-up-usd-50m-to-scale-saf-production-824798/
— Scatec seals exit from 258-MW solar farm complex in S Africa
Norwegian renewable power producer Scatec ASA (OSL:SSO) has closed the sale of its 42% equity stake in the 258-MW Upington solar farm complex in South Africa, the firm said on Thursday.
Read more: https://renewablesnow.com/news/scatec-seals-exit-from-258-mw-solar-farm-complex-in-s-africa-824629/
— Semco Maritime buys German offshore wind service provider
Denmark-based engineering and contracting company Semco Maritime A/S has agreed to acquire German firm Wind Multiplikator GmbH to strengthen its position in the offshore wind service market.
Read more: https://renewablesnow.com/news/semco-maritime-buys-german-offshore-wind-service-provider-824653/
— PE firm NGP raises USD 700m to invest in energy transition
US private equity firm NGP has achieved a final close of USD 700 million (EUR 649.7m) for a fund that invests in companies focused on renewable energy, electrification, energy efficiency and carbon reduction.
Read more: https://renewablesnow.com/news/pe-firm-ngp-raises-usd-700m-to-invest-in-energy-transition-824679/
— Blue Elephant Energy buys 120 MW of DG solar in Chile
German solar and wind farm operator Blue Elephant Energy GmbH (BEE) has acquired a 120-MW portfolio of solar distributed generation (DG) assets in Chile for an undisclosed sum, expanding its portfolio in the country to 281 MW.
Read more: https://renewablesnow.com/news/blue-elephant-energy-buys-120-mw-of-dg-solar-in-chile-824770/
— Appian forms JV to develop 62.4 MWp of solar projects in Brazil
Private equity fund Appian Capital Advisory LLP and Brazilian renewable energy firm Detronic Energia will form a joint venture (JV) to build 62.4 MWp of solar plants in Brazil’s Minas Gerais state.
Read more: https://renewablesnow.com/news/appian-forms-jv-to-develop-624-mwp-of-solar-projects-in-brazil-824795/
— ESB, Ørsted team up on Irish offshore wind pipeline
Irish state-owned utility ESB and leading offshore wind developer Ørsted A/S (CPH:ORSTED) have formed a partnership that could deliver up to 5 GW of offshore wind energy in Ireland and associated green hydrogen projects.
Read more: https://renewablesnow.com/news/esb-rsted-team-up-on-irish-offshore-wind-pipeline-824802/
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