Renewables Now covered M&A stories about Lekela, Brookfield, Parkwind, and others in the past week. Below is the full list:
— Invenergy, Longi tie up in 5-GW solar panel production JV in Ohio
Sustainable energy solutions developer Invenergy LLC will form a solar panel production joint venture (JV) with China’s Longi Green Energy Technology Co Ltd (SHA:601012), or Longi Solar, planning to set up a 5-GW factory in Ohio.
Read more: https://renewablesnow.com/news/invenergy-longi-tie-up-in-5-gw-solar-panel-production-jv-in-ohio-817814/
— African renewables platform Lekela moves to new owner Infinity Power
Dublin-based renewables developer Mainstream Renewable Power and private equity firm Actis have completed the sale of their Lekela platform, Africa’s largest pure-play renewables independent power producer (IPP), to Infinity Power.
Read more: https://renewablesnow.com/news/african-renewables-platform-lekela-moves-to-new-owner-infinity-power-817845/
— IFM Investors wraps up deal for RNG developer GreenGas
Australian pension fund manager IFM Investors has completed the acquisition of a majority stake in US-based renewable natural gas (RNG) developer GreenGasUSA in a deal that secures long-term investment capital to expand the business.
Read more: https://renewablesnow.com/news/ifm-investors-wraps-up-deal-for-rng-developer-greengas-817980/
— Brookfield buys KKR out of Spanish renewables developer X-Elio
Canada’s Brookfield Renewable Partners LP (TSX: BEP.UN) will take full control of Madrid-based renewables developer X-Elio in a bid to further expand its global footprint.
Read more: https://renewablesnow.com/news/brookfield-buys-kkr-out-of-spanish-renewables-developer-x-elio-817975/
— Lhyfe buys minority stake in Finnish green H2 developer
French green hydrogen company Lhyfe SA (EPA:LHYFE) has acquired a 49% stake in Finnish renewable energy and hydrogen project developer Flexens Oy Ab.
Read more: https://renewablesnow.com/news/lhyfe-buys-minority-stake-in-finnish-green-h2-developer-817986/
— Vestas to buy bankrupt Polish offshore foundations maker
A special purpose vehicle of Denmark’s Vestas Wind Systems A/S (CPH:VWS) has won the auction for bankrupt Polish offshore foundations maker ST3 Offshore, offering PLN 170.5 million (USD 38.8m/EUR 36.2m), ST3 receiver Natalia Leszczynska said on Monday.
Read more: https://renewablesnow.com/news/vestas-to-buy-bankrupt-polish-offshore-foundations-maker-818010/
— Spearmint Energy buys 900-MW battery storage trio in Texas
US renewables developer Spearmint Energy has bought a trio of battery energy storage projects totalling 900 MW/2,000 MWh that will be built in Texas to serve the ERCOT power market.
Read more: https://renewablesnow.com/news/spearmint-energy-buys-900-mw-battery-storage-trio-in-texas-818048/
— Ilmatar closes buy of 230 MW of Finnish wind projects
Finnish renewable energy plants developer and operator Ilmatar Energy Ltd has concluded the acquisition of two onshore wind projects at home with a combined capacity of 230 MW.
Read more: https://renewablesnow.com/news/ilmatar-closes-buy-of-230-mw-of-finnish-wind-projects-818064/
–IndianOil, NTPC setting up renewables JV to power refineries
Petroleum refiner and fuel retailer Indian Oil Corporation Ltd (BOM:530965) has teamed up with the green energy business of state-run power producer NTPC Ltd (BOM:532555) to jointly develop renewable power plants.
Read more: https://renewablesnow.com/news/indianoil-ntpc-setting-up-renewables-jv-to-power-refineries-818113/
— Jera to buy Belgian offshore wind player Parkwind for EUR 1.55bn
Japanese utility Jera Co Inc has agreed to acquire offshore wind player Parkwind NV from Belgian holding company Virya Energy NV for an equity value of almost EUR 1.55 billion (USD 1.67bn).
Read more: https://renewablesnow.com/news/jera-to-buy-belgian-offshore-wind-player-parkwind-for-eur-155bn-818128/
— Capital Dynamics buys 110 MW of solar projects in Italy
Global private asset manager Capital Dynamics said on Wednesday that it has acquired a portfolio with three solar PV projects totalling 110 MW in Italy through its clean energy business.
Read more: https://renewablesnow.com/news/capital-dynamics-buys-110-mw-of-solar-projects-in-italy-818136/
— France’s BW Ideol negotiating EUR-40m investment from state-run firm
French floating offshore wind specialist BW Ideol AS has started exclusive talks with state-owned financier ADEME Investissement to secure a EUR-40-million (USD 43m) investment to fund its project development activities.
Read more: https://renewablesnow.com/news/frances-bw-ideol-negotiating-eur-40m-investment-from-state-run-firm-818141/
— BluEarth buys some 1 GW of wind, solar projects in US
Canadian independent power producer (IPP) BluEarth Renewables Inc said on Wednesday that it has acquired a portfolio of around 1 GW containing seven wind and solar development projects located in Washington, Oregon, Ohio, and Oklahoma.
Read more: https://renewablesnow.com/news/bluearth-buys-some-1-gw-of-wind-solar-projects-in-us-818160/
— Nestle invests in 208-MW US solar-plus-storage project by Enel
The North American unit of Italian utility group Enel SpA (BIT:ENEL) said Wednesday it has secured a tax equity investment from Swiss food and drinks giant Nestle SA (VTX:NESN) for its 208-MW DC Ganado solar-plus-storage project in Texas.
Read more: https://renewablesnow.com/news/nestle-invests-in-208-mw-us-solar-plus-storage-project-by-enel-818175/
— Standard Solar buys 21 MW of community solar in NY, Massachusetts
US developer Standard Solar has acquired a portfolio with 21 MW of planned community solar projects in New York and Massachusetts in a transaction that enables it to expand its presence in the Northeast of the United States.
Read more: https://renewablesnow.com/news/standard-solar-buys-21-mw-of-community-solar-in-ny-massachusetts-818297/
— EC clears Taiwanese wind business acquisition by Macquarie, wpd
German renewables developer wpd AG and Australia’s Macquarie Group Ltd (ASX:MQG) have received the European Commission’s nod to take joint control over a number of Taiwanese onshore wind assets.
Read more: https://renewablesnow.com/news/ec-clears-taiwanese-wind-business-acquisition-by-macquarie-wpd-818207/
— Finnfund invests USD 20m in Africa-focused clean energy fund
Finnish development finance company Finnfund has committed to invest USD 20 million (EUR 18.3m) into a pan-African equity fund which will mostly target investments in renewable energy platforms to facilitate Africa’s energy transition to a net-zero energy mix.
Read more: https://renewablesnow.com/news/finnfund-invests-usd-20m-in-africa-focused-clean-energy-fund-818224/
— Versicherungskammer buys 23.6-MW wind farm in Germany
German public insurer Versicherungskammer Group is buying a local four-turbine wind farm with a total capacity of 23.6 MW that was developed and realised by German wind developer UKA Group.
Read more: https://renewablesnow.com/news/versicherungskammer-buys-236-mw-wind-farm-in-germany-818249/
— EnBW takes FID on 960-MW offshore wind project, brings partners
Electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has made the final investment decision (FID) on its 960-MW He Dreiht wind project in the German North Sea and agreed to sell a 49.9% stake in the scheme to a consortium led by Allianz Capital Partners.
Read more: https://renewablesnow.com/news/enbw-takes-fid-on-960-mw-offshore-wind-project-brings-partners-818238/
— Foresight gains rights to 467 MWp of solar projects in Spain
Foresight Solar Fund Ltd (LON:FSFL) said on Thursday that it has secured the rights to six subsidy-free solar projects in Spain, which can potentially lead to a total capacity of 467 MWp.
Read more: https://renewablesnow.com/news/foresight-gains-rights-to-467-mwp-of-solar-projects-in-spain-818279/
— BP ponders seizing full control of Lightsource bp – report
BP Plc (LON:BP) is mulling over a plan to take full control of UK-based solar developer Lightsource bp, its 50%-controlled joint venture, Reuters reports, citing unnamed sources.
Read more: https://renewablesnow.com/news/bp-ponders-seizing-full-control-of-lightsource-bp-report-818353/
— Atrato Onsite invests GBP 29m in two UK solar projects
UK-based renewable investment trust Atrato Onsite Energy plc (LSE:ROOF) on Friday announced transactions for a combined consideration of GBP 29 million (USD 35.4m/EUR 33m) involving two solar projects in England.
Read more: https://renewablesnow.com/news/atrato-onsite-invests-gbp-29m-in-two-uk-solar-projects-818414/
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