Renewables Now covered M&A stories about Naturgy, Shell, Pattern Energy, Siemens Energy and others in the past week. Below is the full list:
— Opdenergy wraps up sale of 1.1 GW of shovel-ready solar in Spain
Spanish independent power producer (IPP) Opdenergy Holding SA said it has finalised the phased hand-over of roughly 1,101 MW of solar projects in Spain to Madrid-based renewables investor Bruc Energy as part of their August 2021 agreement.
Read more: https://renewablesnow.com/news/opdenergy-wraps-up-sale-of-11-gw-of-shovel-ready-solar-in-spain-822933/
— Axpo acquires battery and solar project in Sweden
Swiss renewable energy producer and trader Axpo Holding AG said it has acquired a battery and solar project in Sweden from project developer SENS (Sustainable Energy Solutions Sweden) in a deal of undisclosed commercial terms.
Read more: https://renewablesnow.com/news/axpo-acquires-battery-and-solar-project-in-sweden-823108/
— Octopus Energy buys 49-MW wind project trio in France
British energy retailer Octopus Energy announced its power generation unit has acquired a portfolio of French wind farm projects with a combined capacity of 49 MW.
Read more: https://renewablesnow.com/news/octopus-energy-buys-49-mw-wind-project-trio-in-france-823150/
— Naturgy agrees 857-MW Spanish wind, solar purchase with Ardian
Spanish utility Naturgy Energy Group SA said it has agreed to buy a 422-MW portfolio of wind farms at home and a pipeline of 435 MW of solar projects in a deal with an enterprise value of EUR 650 million.
Read more: https://renewablesnow.com/news/naturgy-agrees-857-mw-spanish-wind-solar-purchase-with-ardian-823171/
— Osaka Gas buys 350-MW Texas solar project from European Energy
Osaka Gas USA Corp, a subsidiary of Osaka Gas Co Ltd, has agreed to acquire a 350-MW DC solar project in Texas from EE North America LLC, a unit of Danish renewables developer European Energy A/S, the parties said.
Read more: https://renewablesnow.com/news/osaka-gas-buys-350-mw-texas-solar-project-from-european-energy-823269/
— Greencoat closes buy of 38-MW Irish wind farm from Statkraft
Irish renewable infrastructure company Greencoat Renewables Plc has wrapped up the acquisition of a 37.8-MW wind farm in Ireland from Norway’s Statkraft AS.
Read more: https://renewablesnow.com/news/greencoat-closes-buy-of-38-mw-irish-wind-farm-from-statkraft-823280/
— Maxeon Solar to finance capacity expansion with share sale
Singapore-based photovoltaic (PV) panels maker Maxeon Solar Technologies Ltd is looking to raise about USD 157.4 million from an upsized public offering of ordinary shares to finance an expansion of its production capacity.
Read more: https://renewablesnow.com/news/maxeon-solar-to-finance-capacity-expansion-with-share-sale-823364/
— Korea’s SK to invest USD 50m in huge Canadian wind-to-H2 project
The environment and energy arm of South Korean conglomerate SK Group has agreed to acquire a minority stake in a green hydrogen project in the Canadian province of Newfoundland and Labrador that will rely on large volumes of wind power generation.
Read more: https://renewablesnow.com/news/koreas-sk-to-invest-usd-50m-in-huge-canadian-wind-to-h2-project-823371/
— Shell mulls exit from floating wind specialist Eolfi – report
Shell Plc is considering the sale of French floating wind power specialist Eolfi amidst its new CEO’s strategy to simplify the oil and gas major’s operations, Bloomberg reported, citing sources in the know.
Read more: https://renewablesnow.com/news/shell-mulls-exit-from-floating-wind-specialist-eolfi-report-823396/
— Green H2 startup Ambient Fuels pockets USD 250m to advance pipeline
Sustainable infrastructure investor Generate Capital PBC will inject USD 250 million into green hydrogen developer Ambient Fuels LLC in a move that will enable the New York-based firm to develop projects aiming to decarbonise heavy industries and transportation.
Read more: https://renewablesnow.com/news/green-h2-startup-ambient-fuels-pockets-usd-250m-to-advance-pipeline-823408/
— Pattern selling Japanese renewable energy assets to Jera, NTT
Japanese utility Jera Co Inc and compatriot NTT Anode Energy Corp said they have struck a deal with US developer Pattern Energy Group LP to acquire a 2-GW renewables portfolio in Japan, including offshore wind assets.
Read more: https://renewablesnow.com/news/pattern-selling-japanese-renewable-energy-assets-to-jera-ntt-823437/
— IWB buys Swiss solar installer Kunz-Solartech
Swiss utility IWB said it is acquiring local solar systems firm Kunz-Solartech GmbH to strengthen its position in the growing market for photovoltaic systems in Switzerland.
Read more: https://renewablesnow.com/news/iwb-buys-swiss-solar-installer-kunz-solartech-823480/
— BlackRock’s GRP III closes 97-MWp distributed solar buy in Chile
BlackRock’s Global Renewable Power Fund III (GRP III) has closed the acquisition of a 97-MWp distributed solar project portfolio in Chile that was developed by RRG Capital Management (RRGCM) and local partners.
Read more: https://renewablesnow.com/news/blackrocks-grp-iii-closes-97-mwp-distributed-solar-buy-in-chile-823488/
— Solar Alliance seeks expansion in Canada via acquisition
Canada-based and US-focused solar installer Solar Alliance Energy Inc is seeking to expand at home through the acquisition of a western Canadian commercial and utility solar company that has a portfolio of more than 33 MW of already installed projects.
Read more: https://renewablesnow.com/news/solar-alliance-seeks-expansion-in-canada-via-acquisition-823576/
— Siemens Energy nears deal to sell Windar stake – report
German energy technology company Siemens Energy AG is about to reach an agreement to sell its 32% stake in Spanish wind turbine towers maker Windar Renovables to British investment firm Bridgepoint Group, Reuters reported, citing unnamed sources.
Read more: https://renewablesnow.com/news/siemens-energy-nears-deal-to-sell-windar-stake-report-823588/
— US residential solar firm Suntuity to go public in blank check deal
US residential solar company Suntuity Renewables will be acquired by blank check company Beard Energy Transition Acquisition Corp for a pre-money equity value of USD 190 million, it was announced.
Read more: https://renewablesnow.com/news/us-residential-solar-firm-suntuity-to-go-public-in-blank-check-deal-823591/
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