Renewables Now covered M&A stories about Blackstone, Invenergy, Actis, and others in the past week. Below is the full list:
–Renewable power start-up tem. raises USD 3m
UK renewable power-focused start-up tem. has raised GBP 2.5 million (USD 3.20m/EUR 2.92m) in a seed round, securing funds to hire more staff, improve its product and expand its platform for more customers this year.
Read more: https://renewablesnow.com/news/renewable-power-start-up-tem-raises-usd-3m-826199/
— Iqony Solar to sell 135-MWp PV project in Italy
Germany-based renewable energy services provider Iqony Solar Energy Solutions GmbH, with a brand name SENS, has agreed to sell a 135 MWp solar project in Sicily to Italian company Peridot Solar, while remaining responsible for the construction and management of the planned facility.
Read more: https://renewablesnow.com/news/iqony-solar-to-sell-135-mwp-pv-project-in-italy-826215/
— Air Liquide, Groupe ADP form JV to help airports adopt hydrogen
French industrial gases company Air Liquide (EPA:AI) and French airport operator Groupe ADP have formed an engineering and consulting joint venture that will help airports integrate hydrogen projects, the two announced last week at the tenth edition of the Paris Air Forum.
Read more: https://renewablesnow.com/news/air-liquide-groupe-adp-form-jv-to-help-airports-adopt-hydrogen-826181/
— Esken agrees exit from 20-MW biomass CHP plant near Liverpool
UK aviation and renewables company Esken Ltd (LON:ESKN) has agreed to sell its shareholding in Mersey Bioenergy Holdings Limited, which owns and operates a 20-MW combined heat and power (CHP) plant in Widnes, near Liverpool, for GBP 9 million (USD 11.4m/EUR 10.5m) in cash.
Read more: https://renewablesnow.com/news/esken-agrees-exit-from-20-mw-biomass-chp-plant-near-liverpool-826493/
–Blackstone to spend over USD 2bn on minority stake in NIPSCO
The dedicated Infrastructure group of alternative asset manager Blackstone Inc (NYSE:BX) has struck a deal to acquire a minority stake in Northern Indiana Public Service Company (NIPSCO) from utility NiSource Inc (NYSE:NI).
Read more: https://renewablesnow.com/news/blackstone-to-spend-over-usd-2bn-on-minority-stake-in-nipsco-826428/
— Northvolt attracts USD 400m in fresh funds to fuel growth
The Investment Management Corporation of Ontario (IMCO) has agreed to invest USD 400 million (EUR 366.5m) in Northvolt AB to advance the Swedish energy storage specialist’s expansion plan.
Read more: https://renewablesnow.com/news/northvolt-attracts-usd-400m-in-fresh-funds-to-fuel-growth-826491/
— Standard Solar buys project at Pennsylvania uni from EDF Renewables
Standard Solar, a Brookfield Renewable company, has acquired a 2.61-MW solar project at the Lehigh University in Bethlehem, Pennsylvania, from EDF Renewables North America, part of Electricite de France SA (EPA:EDF).
Read more: https://renewablesnow.com/news/standard-solar-buys-project-at-pennsylvania-uni-from-edf-renewables-826499/
–Blackstone invests further USD 1bn in Invenergy
Funds managed by Blackstone Infrastructure Partners have invested a further USD 1 billion (EUR 915m) in Invenergy’s renewables business to support its continued growth, the Chicago-based privately-held clean energy developer announced.
Read more: https://renewablesnow.com/news/blackstone-invests-further-usd-1bn-in-invenergy-826543/
— Swiss EIP in talks to buy stake in Eni’s renewables business – report
Swiss asset manager Energy Infrastructure Partners AG (EIP) is in discussions to acquire a minority stake in Plenitude, the renewables arm of Italian oil and gas major Eni SpA (BIT:ENI), Reuters reported on Wednesday, citing unnamed sources.
Read more: https://renewablesnow.com/news/swiss-eip-in-talks-to-buy-stake-in-enis-renewables-business-report-826557/
— Actis sells African renewables platform BTE to Engie, Meridiam
London-based sustainable infrastructure investor Actis said Wednesday, it has agreed to sell its African renewables platform BTE Renewables to Engie SA (EPA:ENGI) and compatriot investment manager Meridiam.
Read more: https://renewablesnow.com/news/actis-sells-african-renewables-platform-bte-to-engie-meridiam-826589/
— India’s SafEarth raises funds to expand solar marketplace
India-based online solar projects marketplace SafEarth announced it has raised INR 35 million (USD 427,000/EUR 391,000) in a financing round aimed at securing capital for product development initiatives and expanding its footprint across the country.
Read more: https://renewablesnow.com/news/indias-safearth-raises-funds-to-expand-solar-marketplace-826620/
— Kyoto Group attracts financial backing from Iberdrola, Spirax-Sarco
Norwegian thermal energy storage (TES) firm Kyoto Group AS (FRA:77K) is raising NOK 76.1 million (USD 7m/EUR 6.5m) from Spanish utility Iberdrola SA (BME:IBE) and UK thermal energy management specialist Spirax-Sarco Engineering (LON:SPX).
Read more: https://renewablesnow.com/news/kyoto-group-attracts-financial-backing-from-iberdrola-spirax-sarco-826615/
— Good Energy snaps up UK solar installer Wessex EcoEnergy
UK renewable power company Good Energy Group Plc (LON:GOOD) today unveiled the acquisition of local solar installer Wessex EcoEnergy Limited for an initial consideration of GBP 2.5 million (USD 3.2m/EUR 2.9m).
Read more: https://renewablesnow.com/news/good-energy-snaps-up-uk-solar-installer-wessex-ecoenergy-826619/
— Altius JV invests in Hexagon’s renewables platform of 5.3 GW
Great Bay Renewables LLC has committed to making a royalty investment of USD 45 million (EUR 40.9m) in US renewable energy developer Hexagon Energy LLC and its 5.3-GW portfolio of solar and energy storage development projects.
Read more: https://renewablesnow.com/news/altius-jv-invests-in-hexagons-renewables-platform-of-53-gw-826583/
— Lichtblick buys into Eventus Wind to boost wind portfolio
German renewable energy supplier Lichtblick SE said on Thursday that it has acquired a 50% stake in local project developer Eventus Wind GmbH, securing access to a 250-MW wind project portfolio.
Read more: https://renewablesnow.com/news/lichtblick-buys-into-eventus-wind-to-boost-wind-portfolio-826630/
— Sowitec sells 21-MW wind project in Germany to public utility
German renewable energy developer Sowitec said on Thursday it has sold a 21-MW wind park, which is currently under development in its home market, to public utility company Stadtwerke Tuebingen.
Read more: https://renewablesnow.com/news/sowitec-sells-21-mw-wind-project-in-germany-to-public-utility-826642/
— Greenbacker buys 30-MW BESS project in California
Sustainable infrastructure investor Greenbacker Capital Management LLC (GCM) has bought a 30-MW/120-MWh battery energy storage system (BESS) project in Imperial County, California from solar and storage developer SunCode LLC.
Read more: https://renewablesnow.com/news/greenbacker-buys-30-mw-bess-project-in-california-826693/
— Mitsubishi, Eneco set up European green hydrogen JV
Mitsubishi Corp (TYO:8058) and Dutch energy company Eneco, which is majority owned by Mitsubishi, have set up a joint venture to develop green hydrogen and renewable energy projects in Europe.
Read more: https://renewablesnow.com/news/mitsubishi-eneco-set-up-european-green-hydrogen-jv-826637/
— Applied Value Group buys solar, storage installer ES Solar
US investment and social impact company Applied Value Group said on Thursday it has acquired Utah-based residential and commercial solar and battery installer ES Solar.
Read more: https://renewablesnow.com/news/applied-value-group-buys-solar-storage-installer-es-solar-826664/
— Nucera seeks up to EUR 566m in proceeds from IPO
German industrial group Thyssenkrupp (ETR:TKA) and its Italian partner Industrie De Nora today set the price range for the initial public offering (IPO) of their hydrogen joint venture Nucera at between EUR 19 and EUR 21.50 per share, pursuing gross proceeds of up to EUR 566 million (USD 621.8m).
Read more: https://renewablesnow.com/news/nucera-seeks-up-to-eur-566m-in-proceeds-from-ipo-826698/
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