Renewables Now covered M&A stories about TransAlta, Enel, EDP, Shell and others in the past week. Below is the full list:
— Foresight invests in 100-MW German green hydrogen project of HH2E
British infrastructure and private equity investment manager Foresight Group has made an unspecified investment in a 100-MW green hydrogen project in Germany proposed by local firm HH2E AG.
Read more: https://renewablesnow.com/news/foresight-invests-in-100-mw-german-green-hydrogen-project-of-hh2e-828001/
— Gasum to take control of Swedish biogas upgrading co
Finnish state-owned energy company Gasum Oy has inked a deal to take a majority stake in Liquidgas Biofuel Genesis AB, a Swedish company that owns a biogas upgrading plant with an annual output of about 80 GWh.
Read more: https://renewablesnow.com/news/gasum-to-take-control-of-swedish-biogas-upgrading-co-828025/
— Nuveen to buy 15% stake in Borssele III & IV offshore wind farm
Global fund manager Nuveen Infrastructure said it will acquire a 15% stake in the 731.5-MW Borssele III & IV offshore wind farm complex in Dutch waters.
Read more: https://renewablesnow.com/news/nuveen-to-buy-15-stake-in-borssele-iii-iv-offshore-wind-farm-828046/
— CS Wind to buy Danish offshore wind foundation maker Bladt Industries
Bladt Industries A/S, the Danish producer of offshore wind foundations, will be acquired by CS Wind Corp, the South Korea-based maker of wind turbine towers.
Read more: https://renewablesnow.com/news/cs-wind-to-buy-danish-offshore-wind-foundation-maker-bladt-industries-828064/
— Elgin Energy unloads 100-MW solar project trio of Pennon Group
UK solar and storage developer Elgin Energy said it has clinched a deal to offload a 100-MW portfolio of solar projects at home to a unit of domestic water utility Pennon Group Plc.
Read more: https://renewablesnow.com/news/elgin-energy-unloads-100-mw-solar-project-trio-of-pennon-group-828121/
— AMEA Power bags USD-75m equity investment from SoftBank
Dubai-based renewables company AMEA Power LLC said it has secured USD 75 million in equity financing from Japanese technology giant Softbank Group Corp to scale up its business ahead of a potential market listing.
Read more: https://renewablesnow.com/news/amea-power-bags-usd-75m-equity-investment-from-softbank-828133/
— Qualitas Energy acquires 21 MW of wind farms in Germany
Spanish renewables investor Qualitas Energy said it has acquired three wind farms with a combined capacity of 21 MW in Germany.
Read more: https://renewablesnow.com/news/qualitas-energy-acquires-21-mw-of-wind-farms-in-germany-828146/
— UK battery storage start-up Allye closes fund-raiser
UK battery technology and energy storage start-up Allye has secured funds to advance manufacturing capabilities, raising GBP 900,000 in a financing round led by Elbow Beach Capital and also backed by Alpha Future Funds.
Read more: https://renewablesnow.com/news/uk-battery-storage-start-up-allye-closes-fund-raiser-828151/
— Canada’s TransAlta agrees USD-1bn buyout of renewables arm
Canadian utility TransAlta Corporation announced it has agreed to pay CAD 1.38 billion to acquire the remaining 39.9% stake in independent power producer (IPP) TransAlta Renewables Inc in a push to simplify its structure and position the company for growth.
Read more: https://renewablesnow.com/news/canadas-transalta-agrees-usd-1bn-buyout-of-renewables-arm-828278/
— Ryse Energy snaps up US micro wind turbine maker Primus
Ryse Energy, a specialist in decentralised renewable energy systems, unveiled the acquisition of US micro wind turbine producer Primus Wind Power in a deal seen to unlock access to new growth opportunities in the North American market.
Read more: https://renewablesnow.com/news/ryse-energy-snaps-up-us-micro-wind-turbine-maker-primus-828282/
— Renewables analytics provider Orennia closes USD-25m funding round
Orennia Inc, the developer of an all-in-one data and analytics platform supporting the energy transition field, has completed a USD-25-million Series B financing round, it announced.
Read more: https://renewablesnow.com/news/renewables-analytics-provider-orennia-closes-usd-25m-funding-round-828285/
— Actis close to buying 580-MW wind complex in Egypt – report
London-based sustainable infrastructure investor Actis is nearing the acquisition of the 580-MW Jabal al-Zeit wind energy complex in Egypt after submitting the best offer, Asharq Business reports.
Read more: https://renewablesnow.com/news/actis-close-to-buying-580-mw-wind-complex-in-egypt-report-828287/
— SUSI fund takes control of French wind and solar developer
Swiss fund manager SUSI Partners AG has bought a majority stake in French renewable energy developer APAL MW, which specialises in utility-scale onshore wind and solar photovoltaic (PV) projects.
Read more: https://renewablesnow.com/news/susi-fund-takes-control-of-french-wind-and-solar-developer-828346/
— Enel agrees to EUR-400m stake sale in Aussie green power business
Italian utility Enel SpA will sell 50% of its Australian renewable energy business to Japanese oil and natural gas producer Inpex Corp in a deal with an enterprise value of EUR 400 million.
Read more: https://renewablesnow.com/news/enel-agrees-to-eur-400m-stake-sale-in-aussie-green-power-business-828359/
— Complete Solaria inches closer to public market
Complete Solaria Inc, the entity created from the merger of US residential solar firms Complete Solar Holding Corp and The Solaria Corp, is getting closer to its stock market debut after shareholders of the blank check company it had agreed to merge with voted to approve the deal.
Read more: https://renewablesnow.com/news/complete-solaria-inches-closer-to-public-market-828373/
— Enel to sell four Chilean solar farms to Sonnedix in USD-550m deal
Chilean utility group Enel Chile said it has signed an agreement to sell 416 MW of operational solar farms to international solar energy player Sonnedix Power Holdings Ltd.
Read more: https://renewablesnow.com/news/enel-to-sell-four-chilean-solar-farms-to-sonnedix-in-usd-550m-deal-828387/
— EDP raises stake in Brazilian unit to 88%, delists it from B3
Portuguese utility Energias de Portugal SA has secured a stake of 87.91% in EDP – Energias do Brasil SA and is now preparing to delist the company.
Read more: https://renewablesnow.com/news/edp-raises-stake-in-brazilian-unit-to-88-delists-it-from-b3-828392/
— L&G NTR fund inks debt for Spanish solar, buys wind project in France
Pan-European investor L&G NTR Clean Power (Europe) Fund said it has closed the financing for 115 MWp of solar projects in Spain and wrapped up the acquisition of a 13.4-MW onshore wind farm project in southern France.
Read more: https://renewablesnow.com/news/lg-ntr-fund-inks-debt-for-spanish-solar-buys-wind-project-in-france-828403/
— Enel Colombia selling thermal power plant to focus on renewables
Colombian utility group Enel Colombia is selling its 203-MW Cartagena gas- and liquid fuel-fired power plant in the namesake port city on the Caribbean coast to focus on building non-conventional renewables.
Read more: https://renewablesnow.com/news/enel-colombia-selling-thermal-power-plant-to-focus-on-renewables-828447/
— Shell weighs up sale of stake in renewable ops – report
Shell Plc is considering the possible sale of a stake in its global renewable power business as the British oil giant is putting priority on investments in the area of fossil fuels, Bloomberg reported, citing people in the know.
Read more: https://renewablesnow.com/news/shell-weighs-up-sale-of-stake-in-renewable-ops-report-828501/
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