Renewables Now covered M&A stories about Greencoat, Hannon Armstrong, Japan’s Inpex and others in the first week of 2023, as listed below.
— Andel snaps up 55-MW Danish solar park from European Energy
Danish co-operatively owned energy and fibre company Andel has acquired a 55-MW solar park in its home country from compatriot European Energy A/S, the latter said.
Read more: https://renewablesnow.com/news/andel-snaps-up-55-mw-danish-solar-park-from-european-energy-809953/
— Welspun India secures renewable power supply under CleanMax deal
Indian textile company Welspun India Ltd has acquired a 26% interest in a unit of domestic renewable energy company CleanMax in a move that will enable it to procure green power under a captive model.
Read more: https://renewablesnow.com/news/welspun-india-secures-renewable-power-supply-under-cleanmax-deal-809955/
— Energiekontor sells 10.6-MW German wind park to Difko
German renewables developer and operator Energiekontor AG has sold a 10.6-MW wind farm in northern Germany to Danish investment company Difko.
Read more: https://renewablesnow.com/news/energiekontor-sells-106-mw-german-wind-park-to-difko-809966/
— Greencoat Renewables buys stake in 288-MW German offshore wind farm
Greencoat Renewables PLC said it has agreed to acquire a 22.5% stake in the 288-MW Butendiek offshore wind farm in the German North Sea that has been operating since 2015.
Read more: https://renewablesnow.com/news/greencoat-renewables-buys-stake-in-288-mw-german-offshore-wind-farm-810173/
— Singapore’s 2nd Square to raise stake in Polish clean energy investor PGF
Singaporean investor 2nd Square Pte said that it will increase to 33.49% its recently acquired stake of 24.51% in Warsaw-based Polska Grupa Fotowoltaiczna, or PGF, a holding company of clean energy businesses.
Read more: https://renewablesnow.com/news/singapores-2nd-square-to-raise-stake-in-polish-clean-energy-investor-pgf-810175/
— Wartsila selling US hydro refurbishment expert to Enprotech
Finnish technology group Wartsila Corp has agreed to sell hydropower refurbishment specialist American Hydro to Enprotech Corp, a unit of Japanese trader Itochu Corp.
Read more: https://renewablesnow.com/news/wartsila-selling-us-hydro-refurbishment-expert-to-enprotech-810220/
— Suburban Propane buys RNG assets from Equilibrium
Suburban Propane Partners LP, a US distributor of propane and other energy products, said it has agreed to acquire renewable natural gas (RNG) assets from investment management firm Equilibrium Capital Group.
Read more: https://renewablesnow.com/news/suburban-propane-buys-rng-assets-from-equilibrium-810236/
— Vopak, Hydrogenious LOHC to set up JV for hydrogen logistics
Dutch tank storage company Royal Vopak and Germany’s Hydrogenious LOHC Technologies are setting up a joint venture (JV) for storing, transporting and supplying hydrogen using Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology.
Read more: https://renewablesnow.com/news/vopak-hydrogenious-lohc-to-set-up-jv-for-hydrogen-logistics-810277/
— L&G, NTR fund buys 115-MWp Spanish solar portfolio
The L&G NTR Clean Power (Europe) Fund managed by Legal & General Investment Management (LGIM) and Dublin-based renewables investor NTR has acquired three pre-operational solar projects with a combined capacity of 115 MWp in Spain, it was announced.
Read more: https://renewablesnow.com/news/lg-ntr-fund-buys-115-mwp-spanish-solar-portfolio-810280/
— ReneSola agrees share buybacks for “ownership independence”
Solar project developer and operator ReneSola Ltd said it has agreed to repurchase USD 13.2 million worth of American Depositary Share (ADS) from ReneSola Singapore Pte Ltd.
Read more: https://renewablesnow.com/news/renesola-agrees-share-buybacks-for-ownership-independence-810310/
— Green hydrogen specialist H2B2 eyes Nasdaq listing via merger
H2B2 Electrolysis Technologies, a manufacturer of electrolysers and developer of fully-integrated green hydrogen plants, is negotiating a merger with a blank check company in order to gain a public listing on the Nasdaq.
Read more: https://renewablesnow.com/news/green-hydrogen-specialist-h2b2-eyes-nasdaq-listing-via-merger-810337/
— Hannon Armstrong to acquire 49% of AES 1.3-GW renewables portfolio
US climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital Inc said it has signed an agreement to invest in a 1.3-GW renewable energy portfolio developed, owned and operated by US power company The AES Corporation.
Read more: https://renewablesnow.com/news/hannon-armstrong-to-acquire-49-of-aes-13-gw-renewables-portfolio-810340/
— Silicon Ranch raising USD 600m to fund growth
Renewables and battery storage developer Silicon Ranch Corporation said today it is raising USD 600 million in equity to continue the execution of its business plan.
Read more: https://renewablesnow.com/news/silicon-ranch-raising-usd-600m-to-fund-growth-810455/
— iSun to monetise 1st solar project developed fully internally
US solar and electric mobility infrastructure firm iSun Inc expects to recognise revenue of about USD 16.4 million in connection with a fully-internally developed solar project.
Read more: https://renewablesnow.com/news/isun-to-monetise-1st-solar-project-developed-fully-internally-810458/
— Denham Capital closes sale of 2.7-GW Nexif Energy portfolio
US private equity investor Denham Capital has finalised the divestment of Nexif Energy’s 2.7-GW portfolio of Australian and Southeast Asian clean energy assets to Thai power producer Ratch Group plc.
Read more: https://renewablesnow.com/news/denham-capital-closes-sale-of-27-gw-nexif-energy-portfolio-810462/
— Japan’s Inpex buys shares from Engie in Indonesian geothermal project
Japanese oil and natural gas producer Inpex Corp has joined an Indonesian geothermal development by acquiring a minority stake in the project company from French energy major Engie SA.
Read more: https://renewablesnow.com/news/japans-inpex-buys-shares-from-engie-in-indonesian-geothermal-project-810496/
— EnfraGen acquires 13.6 MW of run-of-river hydro plants in Chile
EnfraGen LLC, a Latin America-focused renewables and grid business, said it has acquired four run-of-river hydroelectric stations with a combined capacity of 13.6 MW in southern Chile.
Read more: https://renewablesnow.com/news/enfragen-acquires-136-mw-of-run-of-river-hydro-plants-in-chile-810519/
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