Renewables Now covered M&A stories about Petronas, Enel, SoftBank, TenneT, and others in the past week. Below is the full list:
— Petronas nearing USD-690m deal for Wirsol’s Aussie assets – report
Malaysian oil and gas company Petroliam Nasional Bhd, better known as Petronas, is close to buying the Aussie renewable energy assets of Germany-based Wirsol in a deal that could be worth up to AUD 1 billion, Reuters reports.
Read more: https://renewablesnow.com/news/petronas-nearing-usd-690m-deal-for-wirsols-aussie-assets-report-813603/
— PPC gets more time to consider acquisition of Enel’s Romanian assets
Italy’s Enel SpA has extended its existing exclusivity agreement with PPC SA to give the Greek power utility an extra month to negotiate the acquisition of Enel’s Romanian operations.
Read more: https://renewablesnow.com/news/ppc-gets-more-time-to-consider-acquisition-of-enels-romanian-assets-813631/
— PPC, Motor Oil launch green hydrogen JV in Greece
Greek utility PPC SA and domestic petroleum refiner Motor Oil Hellas have formally set up a joint company dedicated to the development of green hydrogen projects in Greece.
Read more: https://renewablesnow.com/news/ppc-motor-oil-launch-green-hydrogen-jv-in-greece-813717/
— FRV Australia, Genesis buy 52-MW solar project in New Zealand
Fotowatio Renewable Ventures (FRV) said its Australian unit acquired a 52-MW solar farm project in New Zealand through the joint venture (JV) with domestic power and gas utility Genesis Energy Ltd.
Read more: https://renewablesnow.com/news/frv-australia-genesis-buy-52-mw-solar-project-in-new-zealand-813719/
— Enel in talks to sell stake in Italian PV Gigafactory – report
Italian energy major Enel SpA is holding exclusive negotiations to shed a minority stake in its project for a 3-GW-per-year solar panel factory in Sicily, set to become Europe’s largest one by 2024, its CEO was quoted as saying.
Read more: https://renewablesnow.com/news/enel-in-talks-to-sell-stake-in-italian-pv-gigafactory-report-813726/
— Romania’s Electrica buys 12-MWp shovel-ready solar project
Romanian state-controlled electricity distribution group Societatea Energetica Electrica SA, better known as Electrica, has acquired a company that holds the rights to a 12-MW DC/9.75-MW AC solar project in eastern Romania.
Read more: https://renewablesnow.com/news/romanias-electrica-buys-12-mwp-shovel-ready-solar-project-813728/
— Vestas, others invest in wooden towers maker Modvion
A group of investors including the corporate venture capital arm of Denmark’s Vestas Wind Systems A/S have poured SEK 125 million into Modvion, the Swedish company developing modular wind turbine towers from wood.
Read more: https://renewablesnow.com/news/vestas-others-invest-in-wooden-towers-maker-modvion-813752/
— Encavis buys 11.2-MW repowering wind project in Germany
German wind and solar park operator Encavis AG said it has bought an 11.2-MW wind farm at home that is being repowered from local renewables developer and operator Energiekontor AG.
Read more: https://renewablesnow.com/news/encavis-buys-112-mw-repowering-wind-project-in-germany-813859/
— Ameren makes progress with 200-MW solar acquisition in Missouri
Ameren Missouri, an electric and gas service provider owned by Ameren Corp, said it has secured a key approval for the acquisition of a 200-MW solar project in its home state.
Read more: https://renewablesnow.com/news/ameren-makes-progress-with-200-mw-solar-acquisition-in-missouri-813993/
— Toyota Tsusho to take control of SoftBank’s SB Energy
Toyota Tsusho Corp, the owner of wind power producer Eurus Energy Holdings Corp, announced the signing of a deal to buy an 85% stake in Japanese renewable energy company SB Energy Corp from SoftBank Group Corp.
Read more: https://renewablesnow.com/news/toyota-tsusho-to-take-control-of-softbanks-sb-energy-814004/
— BayWa r.e. boosts wholesale ops via ProElektro takeover
German renewables company BayWa r.e. AG said it has taken over Latvian solar and electrical components distributor ProElektro in a drive to strengthen its wholesale business in the Baltics as well as its presence in Eastern Europe.
Read more: https://renewablesnow.com/news/baywa-re-boosts-wholesale-ops-via-proelektro-takeover-814038/
— Greece’s Mytilineos not keen on buying Terna Energy stake
Greek industrial group Mytilineos SA is not interested in acquiring a stake in domestic renewable power producer Terna Energy, it said after certain reports on the matter in local media.
Read more: https://renewablesnow.com/news/greeces-mytilineos-not-keen-on-buying-terna-energy-stake-814115/
— Three Seas Initiative to invest EUR-150m equity in Poland’s R.Power
Luxembourg-based infrastructure investor Three Seas Initiative Investment Fund SA SICAV-RAIF (3SIIF) will invest EUR 150 million in equity and take a minority stake in Polish solar energy producer and developer R.Power.
Read more: https://renewablesnow.com/news/three-seas-initiative-to-invest-eur-150m-equity-in-polands-rpower-814177/
— TenneT weighs sale of German power grid operations
Dutch transmission system operator (TSO) TenneT is considering selling all of its German business as grid expansion in the course of the energy transition in the neighbouring country will require about EUR 15 billion in investments.
Read more: https://renewablesnow.com/news/tennet-weighs-sale-of-german-power-grid-operations-814219/
— Denham Capital acquires US C&I solar player Solops
US private equity investor Denham Capital said it has closed the acquisition of New Jersey-based firm Solops LLC, a developer, financier, owner and operator of solar PV systems in the commercial and industrial (C&I) sector.
Read more: https://renewablesnow.com/news/denham-capital-acquires-us-ci-solar-player-solops-814222/
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