September 2 (Renewables Now) – Renewables Now covered M&A stories about OX2, Ørsted, Siemens Gamesa, and others in the past week. Below is the full list:
— IKEA retailer buying into 9-GW offshore wind portfolio of Sweden’s OX2
Renewables developer OX2 AB (STO:OX2) has agreed to shed a 49% stake in an up to 9-GW portfolio of offshore wind projects to the investment arm of Ingka Group, the biggest retailer in the IKEA franchisee system.
Read more: https://renewablesnow.com/news/ikea-retailer-buying-into-9-gw-offshore-wind-portfolio-of-swedens-ox2-796181/
— MET Group buys 60-MWp solar project in Poland
Switzerland-based energy company MET Group has acquired a solar PV project in Poland, with an expected installed capacity of 60 MWp, in an effort to gain ground in the new market.
Read more: https://renewablesnow.com/news/met-group-buys-60-mwp-solar-project-in-poland-796208/
— Japan’s Sparx Group buys 23 MW of solar parks at home
Japanese asset manager Sparx Group Co Ltd (TYO:8739) has concluded an agreement to acquire 23 MW direct current (DC) of operational solar power plants in Japan.
Read more: https://renewablesnow.com/news/japans-sparx-group-buys-23-mw-of-solar-parks-at-home-796354/
— Ørsted grows onshore portfolio with purchase of 65-MW Irish solar project
Danish clean energy group Ørsted A/S (CPH:ORSTED) has taken possession of a 65-MW solar project in Ireland, which will be its first photovoltaic (PV) scheme in the country.
Read more: https://renewablesnow.com/news/rsted-grows-onshore-portfolio-with-purchase-of-65-mw-irish-solar-project-796331/
— Enphase Energy to buy Greencom Networks
US solar microinverter and battery systems maker Enphase Energy Inc (NASDAQ: ENPH) has struck a deal to acquire German Greencom Networks which provides software solutions enabling customers to connect and manage a range of distributed energy devices within the home.
Read more: https://renewablesnow.com/news/enphase-energy-to-buy-greencom-networks-796352/
— Freyr strikes battery cells sales, JV deal with Nidec
Norwegian battery cell company Freyr Battery (NYSE:FREY) has announced a landmark contract with Japan’s Nidec Corp (TYO:6594) under which Freyr will supply 38 GWh of cells from 2025 to 2030.
Read: https://renewablesnow.com/news/freyr-strikes-battery-cells-sales-jv-deal-with-nidec-796455/
— Sweden’s H2 Green Steel raises EUR 190m
Swedish start-up H2 Green Steel, which aims to build a green hydrogen-powered steel plant in Boden, northern Sweden, has raised EUR 190 million (USD 190.6m) in the first close of a series B funding round.
Read more: https://renewablesnow.com/news/swedens-h2-green-steel-raises-eur-190m-796501/
— Mitsui Chemicals invests in waste feedstocks collector Apeiron Bioenergy
Singapore-based Apeiron Bioenergy has received an equity investment of undisclosed amount from Japanese company Mitsui Chemicals Inc (TYO:4183) to support its expansion across Asia.
Read more: https://renewablesnow.com/news/mitsui-chemicals-invests-in-waste-feedstocks-collector-apeiron-bioenergy-796659/
— EDP to exit 198-MW hydropower plant in Brazil
EDP – Energias de Portugal SA (ELI:EDP) has agreed to sell its entire participation in Energest SA, the owner of the 198-MW Mascarenhas hydropower plant (HPP) in Brazil’s Espirito Santo state.
Read more: https://renewablesnow.com/news/edp-to-exit-198-mw-hydropower-plant-in-brazil-796550/
— US Convalt Energy eyes public market
US renewable energy company Convalt Energy Inc is planning to go public through a merger with GigInternational1 Inc (NASDAQ:GIW), a special purpose acquisition company (SPAC) formed by serial entrepreneur Avi Katz.
Read more: https://renewablesnow.com/news/us-convalt-energy-eyes-public-market-796638/
— Hydrogen-bromine flow battery firm Elestor raises EUR 30m, led by Equinor
Dutch electricity storage firm Elestor on Tuesday said it has attracted a EUR-30-million (USD 30m) investment led by Norwegian energy group Equinor ASA’s (NYSE:EQNR) corporate venture capital arm.
Read more: https://renewablesnow.com/news/hydrogen-bromine-flow-battery-firm-elestor-raises-eur-30m-led-by-equinor-796648/
— Naturgy buys 125-MW solar-BESS hybrid project in W Australia
Spanish electric and gas utility Naturgy Energy Group SA (BME:NTGY) has acquired a ready-to-build project for a 125-MW solar PV farm hybridised with a battery energy storage system (BESS) of up to 220 MWh in Cunderdin, Western Australia.
Read more: https://renewablesnow.com/news/naturgy-buys-125-mw-solar-bess-hybrid-project-in-w-australia-796677/
— Osaka Gas, Summit Ridge to install 50 MW of distributed solar in Illinois
Japanese company Osaka Gas Co Ltd (TYO:9532) has entered a joint venture (JV) with Virginia-based solar developer Summit Ridge Energy LLC to build more than 50 MW of distributed solar parks in Illinois.
Read more: https://renewablesnow.com/news/osaka-gas-summit-ridge-to-install-50-mw-of-distributed-solar-in-illinois-796672/
— Crop Energies takes minority stake in solar start-up East Energy
German renewable ethanol producer CropEnergies AG (ETR:CE2) is investing up to EUR 8 million (USD 8.00m) in Rostock-based renewables start-up East Energy GmbH which plans to build ground-mounted solar parks in the northeast of the country.
Read more: https://renewablesnow.com/news/crop-energies-takes-minority-stake-in-solar-start-up-east-energy-796712/
— Siemens Gamesa wraps up sale of 3.9-GW wind portfolio to SSE Renewables
Siemens Gamesa Renewable Energy SA (BME:SGRE) announced on Thursday that it has finalised the sale of its 3.9-GW onshore wind project portfolio in southern Europe to SSE Renewables, part of UK utility group SSE Plc (LON:SSE).
Read more: https://renewablesnow.com/news/siemens-gamesa-wraps-up-sale-of-39-gw-wind-portfolio-to-sse-renewables-796724/
— Canadian Jade Power agrees sale of renewable energy assets
Canada-based renewable energy company Jade Power Trust (TSXV:JPWR.UN) has reached an agreement to sell all of its renewable energy operating assets to Austrian peer Enery Power Holding GmbH for about EUR 71 million (USD 70.9m) in cash.
Read more: https://renewablesnow.com/news/canadian-jade-power-agrees-sale-of-renewable-energy-assets-796803/
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