Renewables Now covered M&A stories about Octopus Energy, EDF Renewables, BayWa r.e., and others in the past week. Below is the full list:
— Africa-focused solar fund reaches first close at EUR 87.5m
French independent asset manager Rgreen Invest and Echosys Advisory have reached the first closing of a new fund dedicated to the African solar sector that targets up to EUR 100 million (USD 105.4m) in investments.
Read more: https://renewablesnow.com/news/africa-focused-solar-fund-reaches-first-close-at-eur-875m-815707/
— Lower Saxony weighs investment in local solar module production – report
The German federal state of Lower Saxony is considering making an investment in a local business for the assembly of solar modules in a bid to support the build-up of production capacity for the solar industry and reduce the dependence on Chinese imports.
Read more: https://renewablesnow.com/news/lower-saxony-weighs-investment-in-local-solar-module-production-report-815771/
— CleanBay Renewables plans to go public via SPAC
CleanBay Renewables Inc, a US environmental technology firm focused on the production of renewable natural gas (RNG) and natural fertiliser, plans to go public through a merger with special purpose acquisition company (SPAC) BurTech Acquisition Corp (NASDAQ:BRKH) in a deal that values it at USD 330 million (EUR 313.1m).
Read more: https://renewablesnow.com/news/cleanbay-renewables-plans-to-go-public-via-spac-815727/
— Octopus Energy raises stake in 270 MW-Lincs offshore wind farm
Britain’s Octopus Energy has further increased its stake in the 270-MW Lincs offshore wind farm off the eastern English coast to 31% and said it plans to step up offshore wind investments.
Read more: https://renewablesnow.com/news/octopus-energy-raises-stake-in-270-mw-lincs-offshore-wind-farm-815776/
— Lightsource bp selling 1-GWp solar portfolio in Australia – report
Lightsource bp, the UK-based solar developer half owned by BP Plc (LON:BP), has put a roughly 1-GWp portfolio of solar projects in Australia up for sale, the Australian Financial Review reports.
Read more: https://renewablesnow.com/news/lightsource-bp-selling-1-gwp-solar-portfolio-in-australia-report-815876/
— Ameresco to buy Italian renewables company Enerqos
US energy efficiency and renewables company Ameresco Inc (NYSE:AMRC) has agreed to acquire Italian peer Enerqos Energy Solutions S.r.l. in a drive to expand its presence in Europe.
Read more: https://renewablesnow.com/news/ameresco-to-buy-italian-renewables-company-enerqos-815914/
— Everfuel, Hy24 form 1-GW green hydrogen JV for Nordic markets
Danish green hydrogen promoter Everfuel A/S (FRA:0HR) and Hy24, a 50/50 joint venture (JV) between Ardian and FiveT Hydrogen, will set up a new company targeting to deploy up to 1 GW of green hydrogen production capacity in the Nordics.
Read more: https://renewablesnow.com/news/everfuel-hy24-form-1-gw-green-hydrogen-jv-for-nordic-markets-815881/
— Australia’s Recharge Industries acquires Britishvolt
Australian firm Recharge Industries said on Monday it has acquired Britishvolt, the UK battery manufacturing project that collapsed into administration in January.
Read more: https://renewablesnow.com/news/australias-recharge-industries-acquires-britishvolt-815897/
— Columbus sells 17.5 MW of PV assets in Poland to reduce debt
Polish photovoltaics (PV) installer Columbus Energy SA said on Tuesday it has sold 17.5 MW of solar assets to Engie Zielona Energia as part of a deal to transfer all its PV holdings to its peer in order to repay debt.
Read more: https://renewablesnow.com/news/columbus-sells-175-mw-of-pv-assets-in-poland-to-reduce-debt-815950/
— ABO Wind sells 250 MW of wind, solar projects in Spain to Repsol
Spanish multi-energy group Repsol SA (BME:REP) has struck an agreement with German renewables developer ABO Wind AG (ETR:AB9) to acquire a 250-MW portfolio of wind and solar projects in Spain, the two companies said on Tuesday.
Read more: https://renewablesnow.com/news/abo-wind-sells-250-mw-of-wind-solar-projects-in-spain-to-repsol-815973/
— EDF Renewables snaps up 529-MWp German solar portfolio
EDF Renewables is buying a 529-MWp bundle of solar projects in Germany to complement its wind energy portfolio in the country.
Read more: https://renewablesnow.com/news/edf-renewables-snaps-up-529-mwp-german-solar-portfolio-815989/
— BayWa r.e. puts intl solar trade business on the block
Germany’s BayWa Group (ETR: BYW6) has put the international solar trade business of its renewable energy subsidiary up for sale.
Read more: https://renewablesnow.com/news/baywa-re-puts-intl-solar-trade-business-on-the-block-816164/
— Enbridge backs Divert in wasted food-to-RNG development
Divert Inc has unveiled a USD-1-billion (EUR 942m) infrastructure development agreement with Canada-based energy infrastructure company Enbridge Inc. (TSE:ENB) aimed at supporting the development of wasted food to renewable natural gas (RNG) facilities across North America.
Read more: https://renewablesnow.com/news/enbridge-backs-divert-in-wasted-food-to-rng-development-816192/
— EIG invests in US solar developer Industrial Sun
US energy-focused private equity firm EIG Partners has invested USD 90 million (EUR 84.5m) in Industrial Sun, a domestic utility-scale solar projects developer owned by US clean energy company Modern Energy.
Read more: https://renewablesnow.com/news/eig-invests-in-us-solar-developer-industrial-sun-816267/
— RWE launches 8-GW clean energy business in US
German energy major RWE AG (ETR:RWE) on Wednesday launched a US-based subsidiary created through a deal with Consolidated Edison Inc (NYSE:ED), forming a gigawatt-scale platform that it says will be the country’s second-largest owner and operator of solar parks.
Read more: https://renewablesnow.com/news/rwe-launches-8-gw-clean-energy-business-in-us-816256/
— Qualitas Energy buys 80-MW wind projects in Germany
Spanish renewables investor Qualitas Energy has added 80 MW to its portfolio with the acquisition of two wind projects in Germany where its development pipeline now reaches 1.6 GW.
Read more: https://renewablesnow.com/news/qualitas-energy-buys-80-mw-wind-projects-in-germany-816277/
— EDP seeks full control of Brazilian unit
Portuguese utility EDP – Energias de Portugal SA (ELI:EDP) is offering up to BRL 5.76 billion (USD 1.1bn/EUR 1.04bn) to acquire all outstanding common shares at EDP Energias do Brasil SA (BVMF:ENBR3).
https://renewablesnow.com/news/edp-seeks-full-control-of-brazilian-unit-816347/
— RWE buys UK’s JBM Solar with 6.1 GWac solar, storage pipeline
German power major RWE AG (ETR:RWE) has acquired JBM Solar, a UK-based project developer with a pipeline of 3.8 GWac of solar and 2.3 GWac of battery storage projects, in a push to further strengthen its position on the key market.
Read more: https://renewablesnow.com/news/rwe-buys-uks-jbm-solar-with-61-gwac-solar-storage-pipeline-816320/
— Inpex buys stake in 950-MW Moray East offshore wind farm
Japanese oil and natural gas producer Inpex Corp (TYO:1605) on Thursday said it has acquired a 16.7% stake in the 950-MW Moray East offshore wind farm in the UK.
Read more: https://renewablesnow.com/news/inpex-buys-stake-in-950-mw-moray-east-offshore-wind-farm-816358/
— PPC taps Greek lenders to fund deal for Enel Romania – report
Greek power utility PPC SA (ATH:PPC) has approached several domestic lenders in search of some EUR 800 million (USD 850.6m) in debt to finance the acquisition of Italian peer Enel SpA’s (BIT:ENEL) assets in Romania, Euro2day reports.
Read more: https://renewablesnow.com/news/ppc-taps-greek-lenders-to-fund-deal-for-enel-romania-report-816385/
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