October 28 (Renewables Now) – Renewables Now covered M&A stories about Credit Suisse, Masdar, Engie, PGE and others in the past week. Below is the full list:
— India’s Borosil buys 86% of solar glass maker Interfloat Group
India’s Borosil Renewables Ltd (BSE:BORORENEW) has wrapped up the acquisition of an 86% stake in Interfloat Group, Europe’s largest manufacturer of solar glass.
Read more: https://renewablesnow.com/news/indias-borosil-buys-86-of-solar-glass-maker-interfloat-group-802114/
— CDPQ to invest USD 134m in Shizen Energy’s renewables growth
Canadian investment group Caisse de depot et placement du Quebec (CDPQ) will inject JPY 20 billion into Japan’s Shizen Energy Inc to help the renewables developer expand at home and internationally.
Read more: https://renewablesnow.com/news/cdpq-to-invest-usd-134m-in-shizen-energys-renewables-growth-802118/
— Managing partners buy Credit Suisse out of renewables investor EIP
Swiss renewables and system-critical energy infrastructure assets investor Energy Infrastructure Partners AG (EIP) announced that its co-founders and managing partners have bought the entire 30% stake in the company held by Credit Suisse AG (SWX:CSGN).
Read more: https://renewablesnow.com/news/managing-partners-buy-credit-suisse-out-of-renewables-investor-eip-802129/
— SSE Renewables snaps up 49.9-MW permitted wind project from RES
UK utility SSE plc (LON:SSE) said its renewable energy arm has acquired a 49.9-MW wind project in the Scottish Highlands from compatriot RES Group.
Read more: https://renewablesnow.com/news/sse-renewables-snaps-up-499-mw-permitted-wind-project-from-res-802167/
— EUSOLAG adds 35-MWp solar purchase to project pipeline
German solar asset manager EUSOLAG European Solar AG announced it has acquired a 35-MWp solar project in the grid-connection stage.
Read more: https://renewablesnow.com/news/eusolag-adds-35-mwp-solar-purchase-to-project-pipeline-802172/
— VH Global closes buy of 15-MW solar project trio in Australia
Renewable energy investor VH Global Sustainable Energy Opportunities Plc (LON:GSEO) said it has finalised the GBP-21.2-million acquisition of a 15-MW portfolio of solar projects in Australia.
Read more: https://renewablesnow.com/news/vh-global-closes-buy-of-15-mw-solar-project-trio-in-australia-802237/
— Ørsted, CIP team up to develop 5.2 GW of wind in Danish seas
A Danish duo of heavyweight developers, Ørsted (CPH:ORSTED) and Copenhagen Infrastructure Partners (CIP), plan to jointly develop 5.2 GW of offshore wind in Denmark, which is more than double the country’s current installed offshore wind capacity.
Read more: https://renewablesnow.com/news/rsted-cip-team-up-to-develop-52-gw-of-wind-in-danish-seas-802239/
— Ex-Recurrent officials create battery storage co Nightpeak
Former executives at Canadian Solar Inc’s (NASDAQ:CSIQ) subsidiary Recurrent Energy LLC announced the creation of a low-carbon business that will focus on battery storage development across the US.
Read more: https://renewablesnow.com/news/ex-recurrent-officials-create-battery-storage-co-nightpeak-802261/
— Grenergy CEO beefs up stake to 54%
Spanish renewables developer and power producer Grenergy Renovables SL (BME:GRE) said that its CEO David Ruiz de Andres had raised his stake in the company to 54% from 53.3%.
Read more: https://renewablesnow.com/news/grenergy-ceo-beefs-up-stake-to-54-802265/
— Masdar acquires British energy storage firm Arlington Energy
Abu Dhabi-based renewables company Masdar announced it has taken over British battery energy storage system (BESS) developer Arlington Energy as part of its efforts to grow its presence in the European renewable energy markets.
Read more: https://renewablesnow.com/news/masdar-acquires-british-energy-storage-firm-arlington-energy-802291/
— TotalEnergies, Casa dos Ventos set up 12-GW renewables JV in Brazil
French multi-energy group TotalEnergies SE (EPA:TTE) said it has established a joint venture with Brazilian renewable energy developer Casa dos Ventos to develop, build and operate 12 GW of wind and solar parks in Brazil.
Read more: https://renewablesnow.com/news/totalenergies-casa-dos-ventos-set-up-12-gw-renewables-jv-in-brazil-802402/
— Osaka Gas invests in 131 MW of solar parks in Japan
Japanese company Osaka Gas Co Ltd (TYO:9532), now also acting as Daigas Group, is investing in 131 MW of local solar parks owned by independent power producer (IPP) Sonnedix Power Holdings Ltd.
Read more: https://renewablesnow.com/news/osaka-gas-invests-in-131-mw-of-solar-parks-in-japan-802520/
— OX2 triples Q3 profit, sells 70-MW Swedish wind project
Swedish renewables developer OX2 AB (STO:OX2) reported a third-quarter profit of SEK 44 million and announced the divestment of a 70-MW wind project at home.
Read more: https://renewablesnow.com/news/ox2-triples-q3-profit-sells-70-mw-swedish-wind-project-802535/
— FRV acquires two 50-MW BESS projects in UK
Fotowatio Renewable Ventures (FRV) said it has acquired two 50-MW battery energy storage projects in the Midlands, UK.
Read more: https://renewablesnow.com/news/frv-acquires-two-50-mw-bess-projects-in-uk-802543/
— Engie snaps up 6-GW solar, storage development portfolio in US
The North American arm of French energy company Engie SA (EPA:ENGI) said it has acquired a 6-GW portfolio of solar and battery storage projects from Belltown Power US to beef up its renewables pipeline on the continent.
Read more: https://renewablesnow.com/news/engie-snaps-up-6-gw-solar-storage-development-portfolio-in-us-802620/
— PGE to co-own 311-MW wind farm in Montana with NextEra units
US utility Portland General Electric (NYSE:POR), or PGE, plans to invest USD 415 million to buy a portion of what will become a 750-MW wind power complex proposed by NextEra Energy Resources LLC in eastern Montana.
Read more: https://renewablesnow.com/news/pge-to-co-own-311-mw-wind-farm-in-montana-with-nextera-units-802655/
— Opdenergy transfers 87 MW of Spanish solar projects to Bruc Energy
Spanish independent power producer (IPP) Opdenergy Holding SA (BME:OPDE) announced it has transferred two solar power projects based in central Spain with a combined capacity of 87 MW to compatriot Bruc Energy.
Read more: https://renewablesnow.com/news/opdenergy-transfers-87-mw-of-spanish-solar-projects-to-bruc-energy-802657/
— Spark to sell green energy provider Bullfrog Power for USD 26m
Canadian end-to-end electrical services provider Spark Power Group Inc (TSE:SPG) announced it is selling green energy retailer Bullfrog Power for up to CAD 35 million.
Read more: https://renewablesnow.com/news/spark-to-sell-green-energy-provider-bullfrog-power-for-usd-26m-802756/
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