November 18 (Renewables Now) – November 18 (Renewables Now) – Renewables Now covered M&A stories about BlackRock, EBRD, AEM, NextEra Energy Partners and others in the past week. Below is the full list:
— Sembcorp’s JV to acquire 795 MW of solar projects in China
Singapore-based group Sembcorp Industries Ltd (SGX:U96) said it will acquire three solar projects with a combined capacity of 795 MW in China through its 49%-owned joint venture (JV).
Read more: https://renewablesnow.com/news/sembcorps-jv-to-acquire-795-mw-of-solar-projects-in-china-804568/
— CCE targets 100-MW-plus solar portfolio in Netherlands
Austrian solar developer CCE Group GmbH, or Clean Capital Energy, is looking to expand its portfolio in the Netherlands to more than 100 MW.
Read more: https://renewablesnow.com/news/cce-targets-100-mw-plus-solar-portfolio-in-netherlands-804622/
— BlackRock eyes 1-GWh battery portfolio with Jupiter Power acquisition
US growth capital provider EnCap Investments LP and its co-investment partners are selling utility-scale battery storage developer and operator Jupiter Power LLC and its roughly 1-GWh portfolio of assets to a fund managed by BlackRock Alternatives.
Read more: https://renewablesnow.com/news/blackrock-eyes-1-gwh-battery-portfolio-with-jupiter-power-acquisition-804773/
— Home energy storage firm Electriq Power to go public via SPAC
US home solar battery storage firm Electriq Power has agreed to go public through a merger with special purpose acquisition company (SPAC) TLG Acquisition One Corp (NYSE:TLGA) in a deal that gives it a pro forma pre-money equity value of USD 495 million.
Read more: https://renewablesnow.com/news/home-energy-storage-firm-electriq-power-to-go-public-via-spac-804776/
— Valmont selling offshore wind business to Danish steel products supplier
Valmont Industries Inc (NYSE:VMI), the US-based engineered products and services provider that makes wind turbine towers and direct-drive generator rotor houses, has decided to sell its offshore wind business in order to focus on expanding its solar operations.
Read more: https://renewablesnow.com/news/valmont-selling-offshore-wind-business-to-danish-steel-products-supplier-804779/
— Dandelion Energy closes USD-70m funding round to pursue more growth
US residential geothermal company Dandelion Energy Inc said today it has closed a USD-70-million B1 funding round co-led by the corporate venture arm of homebuilder Lennar Corp (NYSE:LEN) and the energy transition investing platform of NGP.
Read more: https://renewablesnow.com/news/dandelion-energy-closes-usd-70m-funding-round-to-pursue-more-growth-804913/
— Strata gains origination, offtake expertise with Crossover buy
US utility-scale solar and battery storage provider Strata Clean Energy LLC has acquired Crossover Energy Partners, a clean energy transition solutions provider to utilities and large energy users.
Read more: https://renewablesnow.com/news/strata-gains-origination-offtake-expertise-with-crossover-buy-804914/
— Greenbacker acquires 8.7-MWp community solar bundle in New York
Sustainable infrastructure investor Greenbacker Capital Management LLC announced on Tuesday that it has acquired an 8.7-MW direct current (DC) portfolio of three community solar projects in New York.
Read more: https://renewablesnow.com/news/greenbacker-acquires-87-mwp-community-solar-bundle-in-new-york-804940/
— Keppel, MET JV to target 1 GW of renewables in Western Europe
Keppel Infrastructure Holdings Pte Ltd (KI), a unit of Singaporean conglomerate Keppel Corp Ltd (SGX:BN4), and Swiss-based energy company MET Holding AG have created a joint venture that will target the renewables sector in Western Europe.
Read more: https://renewablesnow.com/news/keppel-met-jv-to-target-1-gw-of-renewables-in-western-europe-804960/
— Egypt’s sovereign fund eyes stake in Suez Wind Energy project too
ACWA Power’s (TADAWUL:2082) 1.1-GW Suez Wind Energy project in Egypt has drawn interest from another potential co-investor after previously luring Oman’s sovereign wealth fund.
Read more: https://renewablesnow.com/news/egypts-sovereign-fund-eyes-stake-in-suez-wind-energy-project-too-804965/
— ICG Infra buys platform with 900 MW of Iberian wind, solar projects
London-based alternative asset manager ICG Plc (LON:ICP) said its ICG Infra I fund had acquired an Iberian renewables platform with a portfolio of 900 MW of projects in Spain and Portugal.
Read more: https://renewablesnow.com/news/icg-infra-buys-platform-with-900-mw-of-iberian-wind-solar-projects-805003/
— NTR starts up 86-MW wind farm in Sweden, buys solar project in UK
Irish renewable energy developer and investor NTR Plc said it has started up an 86-MW wind farm in Sweden and acquired a 70-MWp ready-to-build solar farm in the UK.
Read more: https://renewablesnow.com/news/ntr-starts-up-86-mw-wind-farm-in-sweden-buys-solar-project-in-uk-805063/
— Nautilus acquires 7.6-MW solar portfolio in Maine
Nautilus US Power Holdco LLC (NUPH) has purchased a 7.6-MW community solar portfolio in Maine from Minneapolis-based developer National Renewable Solutions LLC (NRS).
Read more: https://renewablesnow.com/news/nautilus-acquires-76-mw-solar-portfolio-in-maine-805093/
— EBRD raises stake in Egyptian renewables developer Infinity
The European Bank for Reconstruction and Development (EBRD) will invest USD 41.5 million to lift its stake in Infinity Energy and thus support the Egyptian renewable energy developer in the partial acquisition of African peer Lekela Power.
Read more: https://renewablesnow.com/news/ebrd-raises-stake-in-egyptian-renewables-developer-infinity-805095/
— Equis becomes owner of USD-1.3bn battery project in Victoria
Asia-Pacific-focused renewables developer Equis Development Pte Ltd has taken control of an AUD-1.9-billion battery energy storage project near Melbourne, Victoria, and is now relaunching it with a new name and expanded capacity.
Read more: https://renewablesnow.com/news/equis-becomes-owner-of-usd-13bn-battery-project-in-victoria-805100/
— Octopus Renewables hikes stake in floating wind developer Simply Blue
Octopus Renewables Infrastructure Trust Plc (LON:ORIT) said it has spent EUR 6.25 million to increase to about 15.5% its stake in Irish floating offshore wind projects developer Simply Blue Group.
Read more: https://renewablesnow.com/news/octopus-renewables-hikes-stake-in-floating-wind-developer-simply-blue-805118/
— LS Power to acquire 334-MW US hydro portfolio from Hull Street
LS Power has signed a deal to buy the 334-MW Central Rivers Power portfolio of hydroelectric plants across the US from private equity firm Hull Street Energy, it was announced.
Read more: https://renewablesnow.com/news/ls-power-to-acquire-334-mw-us-hydro-portfolio-from-hull-street-805128/
— Vitol to make USD-1bn renewables investment in Poland after local purchase
Dutch energy and commodities company Vitol has struck a deal to take over Polish renewables developer Vortex Energy with its development pipeline of more than 3 GW.
Read more: https://renewablesnow.com/news/vitol-to-make-usd-1bn-renewables-investment-in-poland-after-local-purchase-805150/
— AEP unit seeks permit to buy 1-GW wind, solar portfolio
US utility Public Service Company of Oklahoma (PSO) is seeking regulatory clearance for the acquisition of a 999.5-MW portfolio of wind and solar power projects in Texas and Kansas that represent a combined investment of USD 2.47 billion.
Read more: https://renewablesnow.com/news/aep-unit-seeks-permit-to-buy-1-gw-wind-solar-portfolio-805205/
— Archer closes buy of 50% stake in geothermal firm Iceland Drilling
Norwegian oil services company Archer Ltd (LON:0RBA) said it has completed the acquisition of a 50% shareholding in geothermal drilling firm Iceland Drilling Company Ltd for a total consideration of USD 8.25 million.
Read more: https://renewablesnow.com/news/archer-closes-buy-of-50-stake-in-geothermal-firm-iceland-drilling-805222/
— Solarpack takes over Spanish solar builder with 2.8-GW pipeline
Spanish solar energy developer and producer Solarpack said it has finalised the acquisition of Solaer, a compatriot and a turnkey solar projects builder with a 2.8-GW pipeline in Spain and Italy.
Read more: https://renewablesnow.com/news/solarpack-takes-over-spanish-solar-builder-with-28-gw-pipeline-805278/
— Itochu leads USD-17m financing at SOFC generators maker Upstart
US solid oxide fuel cell (SOFC) generators maker Upstart Power has closed a USD-17-million Series C funding round led by Itochu Corp (TYO:8001), which has also reached a commercial agreement with Upstart concerning the Japanese market.
Read more: https://renewablesnow.com/news/itochu-leads-usd-17m-financing-at-sofc-generators-maker-upstart-805319/
— United Airlines invests in West Coast biorefinary developer NEXT
United Airlines Holdings Inc (NASDAQ:UAL) is making a strategic investment in NEXT Renewable Fuels Inc, becoming the first US airline to invest in a biofuel refinery, it said.
Read more: https://renewablesnow.com/news/united-airlines-invests-in-west-coast-biorefinary-developer-next-805348/
— NextEra Energy Partners agrees USD-805m acquisition of wind, solar assets
NextEra Energy Partners LP (NYSE:NEP) said it has agreed to acquire a 49% interest in a roughly 1.5-GW renewables bundle and all of the indirect membership interests in a 345-MW portfolio of operating wind farms from NextEra Energy Resources LLC.
Read more: https://renewablesnow.com/news/nextera-energy-partners-agrees-usd-805m-acquisition-of-wind-solar-assets-805358/
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