Renewables Now covered M&A stories about PNE, Scatec, Vattenfall, Equinor and others in the past week. Below is the full list:
— BKW buys 130-MW wind duo in Italy
BKW AG has acquired a 130-MW onshore wind project in Italy, allowing the Swiss energy company to significantly exceed its target of building a renewables portfolio of at least 1 GW by 2026.
Read more: https://renewablesnow.com/news/bkw-buys-130-mw-wind-duo-in-italy-828614/
— PNE takes control of renewables monitoring expert Bitbloom
German renewables developer PNE AG said it has acquired a 51% stake in Bitbloom Ltd, a British digital company offering a renewable energy monitoring platform that can optimise the performance and improve the yield of wind turbines.
Read more: https://renewablesnow.com/news/pne-takes-control-of-renewables-monitoring-expert-bitbloom-828628/
— Ingka Investments buys 49% stake in 460 MWp of solar projects in Italy
The Netherlands-based firm Ingka Investments has announced its acquisition of a 49% stake in a 460-MWp portfolio of early-stage solar photovoltaic projects in Italy.
Read more: https://renewablesnow.com/news/ingka-investments-buys-49-stake-in-460-mwp-of-solar-projects-in-italy-828630/
— EverWind buying 530-MW wind trio to power Nova Scotia H2 complex
Canada’s EverWind Fuels Company has agreed to acquire a 530-MW portfolio of wind projects to source electricity for the initial phase of a CAD-6-billion green hydrogen and ammonia production complex in Nova Scotia.
Read more: https://renewablesnow.com/news/everwind-buying-530-mw-wind-trio-to-power-nova-scotia-h2-complex-828670/
— Globeleq to take majority control of 41-MW solar park in Mozambique
Africa-focused independent power producer (IPP) Globeleq said it has agreed to buy a 75% stake in the 41-MW Central Solar de Mocuba solar park in Mozambique.
Read more: https://renewablesnow.com/news/globeleq-to-take-majority-control-of-41-mw-solar-park-in-mozambique-828673/
— Total corp solar funding jumps 54% y/y in H1
Total corporate funding in the global solar sector, including venture capital (VC), public market and debt financing deals, reached USD 18.5 billion in the first half of 2023, jumping 54% on the year and showcasing the healthy activity in the industry.
Read more: https://renewablesnow.com/news/total-corp-solar-funding-jumps-54-yy-in-h1-828674/
— Keiyo Gas buys 16-MW X-ELIO solar plant in Japan
Spanish solar developer and operator X-ELIO announced it is selling the 16-MW Sodegaura solar plant in Japan to Chiba Prefecture-based energy company Keyo Gas Co Ltd.
Read more: https://renewablesnow.com/news/keiyo-gas-buys-16-mw-x-elio-solar-plant-in-japan-828709/
— Clearvise sheds 30-MW Finnish wind farm duo to Glennmont
German independent power producer Clearvise AG announced a deal to sell 30 MW of wind parks in Finland to UK fund manager and clean infrastructure investor Glennmont Partners.
Read more: https://renewablesnow.com/news/clearvise-sheds-30-mw-finnish-wind-farm-duo-to-glennmont-828752/
— Scatec, fund manager form JV around Release platform
Norwegian renewable power producer Scatec ASA has agreed to raise USD 102 million in funding for its Release business in a deal that calls for Climate Fund Managers (CFM) to purchase a minority stake in the particular platform.
Read more: https://renewablesnow.com/news/scatec-fund-manager-form-jv-around-release-platform-828773/
— Billionaire families join hands to run renewables developer TagEnergy
Italy’s Agnelli family, the multi-industry business dynasty that founded the Fiat motor company, has invested in Australia-focused renewables developer TagEnergy SA and its global development portfolio of nearly 4 GW.
Read more: https://renewablesnow.com/news/billionaire-families-join-hands-to-run-renewables-developer-tagenergy-828850/
— Vattenfall buys German solar developer with 4 GW pipeline
Swedish utility Vattenfall AB has acquired solar developer Solizer GmbH which has a 4-GW pipeline of large-scale solar projects in Germany.
Read more: https://renewablesnow.com/news/vattenfall-buys-german-solar-developer-with-4-gw-pipeline-828889/
— Lithuania’s Modus buys 55-MW solar portfolio in Latvian debut
Lithuania-based renewables investor Modus Asset Management said it has entered the Latvian market by acquiring a 55-MW portfolio of ground-mounted solar photovoltaic projects.
Read more: https://renewablesnow.com/news/lithuanias-modus-buys-55-mw-solar-portfolio-in-latvian-debut-828922/
— Marubeni buys 25-MW wind-plus-storage project in Wales from RES
Japanese trading company Marubeni Corp has acquired a 25-MW wind-plus-storage project in Wales and announced a plan to invest around GBP 10 billion in the UK over the next ten years.
Read more: https://renewablesnow.com/news/marubeni-buys-25-mw-wind-plus-storage-project-in-wales-from-res-828958/
— BASF, Mingyang form offshore wind JV to green chemicals site in China
BASF SE and Mingyang Group have set up a joint venture to develop a 500-MW wind project offshore South China which is planned to supply power to a large chemicals site that the German major is building in the coastal city of Zhanjiang.
Read more: https://renewablesnow.com/news/basf-mingyang-form-offshore-wind-jv-to-green-chemicals-site-in-china-828971/
— Energy Dome raises EUR 15m in additional funds, looks toward Oman
Italian long-duration energy storage company Energy Dome SpA, developer of the CO2 Battery, has secured another EUR 15 million in funding in a second Series B tranche, it announced.
Read more: https://renewablesnow.com/news/energy-dome-raises-eur-15m-in-additional-funds-looks-toward-oman-828977/
— New renewables-themed SPAC deal emerges on the horizon
Another renewables sector player could secure a listing in New York through a merger with a publicly-traded special purpose acquisition company (SPAC), as unveiled by one such entity.
Read more: https://renewablesnow.com/news/new-renewables-themed-spac-deal-emerges-on-the-horizon-828993/
— Equinor to buy Brazil’s Rio Energy, Denham keeps some assets
Norwegian energy major Equinor ASA has struck a deal to acquire Brazilian onshore renewables company Rio Energy, excluding certain assets, from global energy transition investor Denham Capital.
Read more: https://renewablesnow.com/news/equinor-to-buy-brazils-rio-energy-denham-keeps-some-assets-829011/
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