Renewables Now covered M&A stories about Brookfield, Bridgepoint, Exus and others in the past week. Below is the full list:
— Everfuel, Hy24 close 1-GW green hydrogen JV deal
Danish hydrogen fuel company Everfuel A/S and Hy24 have finalised their EUR-200-million deal to set up a joint business to deploy up to 1 GW of green hydrogen production capacity in the Nordics.
Read more: https://renewablesnow.com/news/everfuel-hy24-close-1-gw-baltic-green-hydrogen-jv-deal-835465/
— Greencoat Renewables to invest again in Butendiek offshore wind farm
Ireland-based investor Greencoat Renewables Plc has agreed to make a second investment in the 288-MW Butendiek offshore wind farm in Germany, after acquiring a 22.5% stake earlier this year.
Read more: https://renewablesnow.com/news/greencoat-renewables-to-invest-again-in-butendiek-offshore-wind-farm-835470/
— Equitix buying into 950-MW Moray East off Scotland
The Ocean Winds joint venture (JV) between EDP Renewables and Engie SA said it has agreed to offload 16.6% of its stake in the 950-MW Moray East offshore wind farm off Scotland to UK investment manager Equitix.
Read more: https://renewablesnow.com/news/equitix-buying-into-950-mw-moray-east-off-scotland-835486/
— Brazil’s 2W Ecobank closes stake sale in 138.6-MW wind farm
Brazilian energy trader 2W Ecobank SA has wrapped up the deal for the sale of a minority stake in a 138.6-MW wind park to local electrical equipment manufacturer WEG SA.
Read more: https://renewablesnow.com/news/brazils-2w-ecobank-closes-stake-sale-in-1386-mw-wind-farm-835700/
— Grenergy sells 150-MWp solar farm in Spain
Spanish renewables firm Grenergy Renovables SL said it has finalised the sale of its entire stake in the 150-MWp Belinchon solar farm in Cuenca, Spain, one its few assets in the country.
Read more: https://renewablesnow.com/news/grenergy-sells-150-mwp-solar-farm-in-spain-835728/
— Eurowind buys hydrogen plant in Denmark to become PtX player
Danish renewables developer Eurowind Energy A/S announced it has acquired a hydrogen plant in Hobro, Denmark, from French industrial gases group Air Liquide SA in a move that marks its foray into the power-to-X (PtX) industry.
Read more: https://renewablesnow.com/news/eurowind-buys-hydrogen-plant-in-denmark-to-become-ptx-player-835729/
— Brookfield scores deal for Banks Group’s renewables unit
Brookfield Asset Management has sealed a deal to acquire British property developer The Banks Group’s renewable energy division which currently operates 11 onshore wind farms.
Read more: https://renewablesnow.com/news/brookfield-scores-deal-for-banks-groups-renewables-unit-835732/
— Generate Capital invests in solar, storage firm Cultivate Power
Investment firm Generate Capital has agreed to pour USD 10 million into US distributed solar and storage project developer Cultivate Power to help advance the growth of the business.
Read more: https://renewablesnow.com/news/generate-capital-invests-in-solar-storage-firm-cultivate-power-835756/
— Electric Hydrogen nabs USD 380m in Fortescue-led funding round
US electrolysers manufacturer Electric Hydrogen (EH2) has successfully concluded an oversubscribed Series C funding round to raise USD 380 million and thus be able to accelerate its manufacturing and deployment plans.
Read more: https://renewablesnow.com/news/electric-hydrogen-nabs-usd-380m-in-fortescue-led-funding-round-835778/
— Octopus snaps up 500-MW battery project, Queensland’s largest
Octopus Investments Australia, a unit of Britain’s Octopus Group, has acquired a 500-MW/1,000-MWh battery energy storage project under development in Queensland by Sydney-based Flow Power.
Read more: https://renewablesnow.com/news/octopus-snaps-up-500-mw-battery-project-queenslands-largest-835789/
— Capital Dynamics buys 37.2-MW shovel-ready Scottish wind project
Global private asset manager Capital Dynamics said its clean energy business has become the owner of a 37.2-MW fully-consented and shovel-ready wind project in the Scottish Highlands.
Read more: https://renewablesnow.com/news/capital-dynamics-buys-372-mw-shovel-ready-scottish-wind-project-835790/
— EU clears acquisition of Spain’s Windar by Bridgepoint
The European Commission (EC) has approved a deal that would see investment firm Bridgepoint Group take sole control of Spanish wind turbine towers maker Windar Renovables.
Read more: https://renewablesnow.com/news/eu-clears-acquisition-of-spains-windar-by-bridgepoint-835798/
— ADEME invests in BW Ideol’s offshore floating wind pipeline
French state-owned investor ADEME Investissement SAS has made an initial investment of EUR 17.88 million in a newly formed entity holding the project development activities of floating wind specialist BW Ideol AS.
Read more: https://renewablesnow.com/news/ademe-invests-in-bw-ideols-offshore-floating-wind-pipeline-835826/
— Italy’s Iren enters wind market with 6-MW acquisition
Italian energy group Iren SpA has acquired the company owning the rights to a 6-MW wind farm in northwestern Italy’s Liguria region in a deal that marks its entry into the wind power market.
Read more: https://renewablesnow.com/news/italys-iren-enters-wind-market-with-6-mw-acquisition-835841/
— PE firm bets on Absolute Energy’s 3-GW renewables pipeline
I Squared Capital has sealed a deal to take over renewables-focused investment platform Absolute Energy to advance the development of a 3-GW pipeline of solar, wind and storage projects across Italy.
Read more: https://renewablesnow.com/news/pe-firm-bets-on-absolute-energys-3-gw-renewables-pipeline-835856/
— Renewables-focused asset manager Exus attracts EUR-1bn investment
Swiss investment management company Partners Group has signed a deal to invest in renewables-focused peer Exus, with a commitment of up to EUR-1-billion in growth capital and a pledge to transform the business into a clean power generation platform.
Read more: https://renewablesnow.com/news/renewables-focused-asset-manager-exus-attracts-eur-1bn-investment-835867/
— Capital Dynamics buys 170-MW Italian solar duo
Global private asset manager Capital Dynamics announced the acquisition of two solar projects in Italy that will add a combined capacity of around 170 MW in the southernmost region of Sicily.
Read more: https://renewablesnow.com/news/capital-dynamics-buys-170-mw-italian-solar-duo-835909/
— CS Energy to co-own 372-MW Queensland wind project with GIG
Queensland state-owned utility CS Energy is set to acquire a 50% stake in the up to 372-MW Boulder Creek wind farm project being developed by Macquarie Asset Management’s Green Investment Group (GIG).
Read more: https://renewablesnow.com/news/cs-energy-to-co-own-372-mw-queensland-wind-project-with-gig-835914/
— At least one shareholder happy with Antin’s cash offer for Opdenergy
One shareholder of Spain’s Opdenergy Holding SA has found Antin Infrastructure Partners’ EUR-5.85-per-share offer for the renewable energy company’s entire stock to be “very attractive” and intends to accept it.
Read more: https://renewablesnow.com/news/at-least-one-shareholder-happy-with-antins-cash-offer-for-opdenergy-835916/
— Greenprint closes USD-2.5bn tax credit JV with AB CarVal
Clean energy and tax credit investment platform Greenprint Capital Management LLC will receive a financing commitment from AB CarVal to support its USD-2.5-billion tax equity investment pipeline of renewable energy and storage projects.
Read more: https://renewablesnow.com/news/greenprint-closes-usd-25bn-tax-credit-jv-with-ab-carval-835922/
— ETFuels attracts SWEN Capital Partners as backer
ETFuels has attracted an investment from a fund managed by French asset manager SWEN Capital Partners that will support the Irish green fuels producer in achieving its target of 1.4 million tonnes of output by 2030.
Read more: https://renewablesnow.com/news/etfuels-attracts-swen-capital-partners-as-backer-835935/
— Turkey’s Sabanci snaps up 232-MW solar, storage project in Texas
Switzerland-based power producer Advanced Power announced the sale of a 232-MW DC solar project with substantial storage capacity in Texas to the renewables unit of Turkish conglomerate Sabanci Holdings.
Read more: https://renewablesnow.com/news/turkeys-sabanci-snaps-up-232-mw-solar-storage-project-in-texas-835954/
— Duke Energy wraps up sale of commercial DG portfolio to ArcLight
US energy holding company Duke Energy Corp said it has finalised the sale of its commercial distributed generation (DG) portfolio to an affiliate of ArcLight Capital Partners LLC, and is now working to wrap up a separate deal involving the sale of its utility-scale renewables business platform.
Read more: https://renewablesnow.com/news/duke-energy-wraps-up-sale-of-commercial-dg-portfolio-to-arclight-835956/
— ABO Wind sells 86.8-MW onshore wind project in Finland
A fund managed by Dublin-based renewables investor NTR and UK’s Legal & General Investment Management (LGIM) has acquired an 86.8-MW onshore wind project in Finland from German renewables developer ABO Wind AG.
Read more: https://renewablesnow.com/news/abo-wind-sells-868-mw-onshore-wind-project-in-finland-835965/
— Energy storage start-up Peak Energy raises USD 10m
Newly-founded energy storage technology start-up Peak Energy has emerged from stealth after a USD-10-million seed round that will support product development, work on manufacturing capacity and team expansion.
Read more: https://renewablesnow.com/news/energy-storage-start-up-peak-energy-raises-usd-10m-835996/
— European Energy to sell 68-MW Italian PV project to Generali JV
Danish renewables developer European Energy A/S has agreed to sell a 68-MW solar project in the Italian region of Sicily to a local greenfield infrastructure investor backed by the asset management unit of Assicurazioni Generali SpA.
Read more: https://renewablesnow.com/news/european-energy-to-sell-68-mw-italian-pv-project-to-generali-jv-836015/
— France’s Volta Group bags funds to bankroll 1-GW renewables goal
The energy transition platform of French investment fund Siparex has acquired an unspecified stake in Volta Group in the domestic renewables developer’s latest funding round aimed at supporting its 1-GW portfolio target.
Read more: https://renewablesnow.com/news/frances-volta-group-bags-funds-to-bankroll-1-gw-renewables-goal-836018/
— Polenergia to take control of 686-MW Romanian wind portfolio
Polish energy major Polenergia SA has clinched a conditional deal to take majority holding of the company developing an up to 685.6-MW wind farm portfolio in Romania and thus enter the local renewable energy market.
Read more: https://renewablesnow.com/news/polenergia-to-take-control-of-686-mw-romanian-wind-portfolio-836020/
— British-Italian JV eyes 2.8-GW battery development in Italy
Italian ESG management company Redelfi SpA has signed a term sheet to create a joint venture (JV) with a unit of British investor WRM Group in a bid to develop a 2.8-GW portfolio of battery energy storage system (BESS) projects in Italy.
Read more: https://renewablesnow.com/news/british-italian-jv-eyes-28-gw-battery-development-in-italy-836030/
— Octopus Renewables to sell 59 MW of wind farms in Poland
Octopus Renewables Infrastructure Trust plc has inked a conditional deal to sell two onshore wind farms with a combined capacity of 59 MW in Poland to an affiliate of local oil refiner Orlen SA.
Read more: https://renewablesnow.com/news/octopus-renewables-to-sell-59-mw-of-wind-farms-in-poland-836045/
— German climate tech unicorn 1Komma5 raises more funds to grow
1Komma5, a German energy solutions provider focused on solar power, energy storage and e-mobility solutions, has attracted a double-digit million euro investment from European venture capital firm 2150 to fund the growth of its business.
Read more: https://renewablesnow.com/news/german-climate-tech-unicorn-1komma5-raises-more-funds-to-grow-836057/
— EWZ emerges as buyer of 115-MW Swedish wind project from OX2
Zurich-based utility EWZ announced the acquisition of the 115-MW Anglarna wind farm project in central Sweden, which is expected to become operational in 2026.
Read more: https://renewablesnow.com/news/ewz-emerges-as-buyer-of-115-mw-swedish-wind-project-from-ox2-836097/
— Swedish fuel supplier Preem may go up for sale
Swedish renewable and traditional fuel supplier Preem Holding AB could be put on the block as its parent company, Corral Petroleum Holdings AB, has launched a review of strategic options for its business.
Read more: https://renewablesnow.com/news/swedish-fuel-supplier-preem-may-go-up-for-sale-836099/
— Macquarie ponders Race Bank exit – report
Aussie financial services giant Macquarie Group Ltd could be looking to sell its 25% interest in the 573-MW Race Bank offshore wind farm off Britain’s Norfolk coast, according to a Reuters report.
Read more: https://renewablesnow.com/news/macquarie-ponders-race-bank-exit-report-836108/
— Swiss Life to buy Otovo’s home solar portfolio in Norway, Sweden
Swiss Life Asset Management Ltd has agreed to acquire a portfolio of solar rooftop leasing subscriptions in Norway and Sweden from Norway-based home solar installation marketplace Otovo ASA.
Read more: https://renewablesnow.com/news/swiss-life-to-buy-otovos-home-solar-portfolio-in-norway-sweden-836115/
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