November 4 (Renewables Now) – Renewables Now covered M&A stories about BayWa r.e., Equinor, Carlyle, Dominion and others in the past week. Below is the full list:
— GridStor buys 500 MW/2 GWh energy storage projects in LA
US grid-scale battery energy storage firm GridStor has bought a portfolio of multiple energy storage projects under development in the greater Los Angeles area that are expected to have over 500 MW/2 GWh of capacity.
Read more: https://renewablesnow.com/news/gridstor-buys-500-mw2-gwh-energy-storage-projects-in-la-802972/
— NextEra expands renewable natural gas ops via USD 1bn acquisition
US clean energy group NextEra Energy Inc (NYSE:NEE) is expanding its renewable natural gas assets through a USD-1.1-billion agreement to acquire a portfolio of 30 operating landfill gas-to-electric facilities which are expected to become a core part of the company’s renewable fuels and potentially hydrogen strategies.
Read more: https://renewablesnow.com/news/nextera-expands-renewable-natural-gas-ops-via-usd-1bn-acquisition-802986/
— AMPYR takes possession of 750-MW solar pipeline via Dutch purchase
Pan-European solar developer and independent power producer AMPYR Solar Europe (ASE) has acquired the solar business of Dutch firm SolarEnergyWorks, including a project pipeline of 750 MWp.
Read more: https://renewablesnow.com/news/ampyr-takes-possession-of-750-mw-solar-pipeline-via-dutch-purchase-803010/
— WEC Energy to buy USD-360m majority stake in US solar project
Milwaukee-based utility holding company WEC Energy Group (NYSE:WEC) has signed a deal to acquire an 80% interest in the 250-MW Maple Flats Solar Energy Center in Illinois from developer Invenergy.
Read more: https://renewablesnow.com/news/wec-energy-to-buy-usd-360m-majority-stake-in-us-solar-project-803016/
— Energy supplier EKT invests in Swiss wind project of up to 50 MW
Swiss energy supplier EKT Holding AG has agreed to acquire a 20% interest in a project for a wind park in the northeastern canton of Thurgau with a capacity of between 40 MW and 50 MW.
Read more: https://renewablesnow.com/news/energy-supplier-ekt-invests-in-swiss-wind-project-of-up-to-50-mw-803018/
— Octopus Energy to buy troubled renewable energy supplier Bulb
UK renewable energy retailer Octopus Energy Group has sealed a deal to take over troubled local peer Bulb which was placed into special administration in November 2021, the parties announced.
Read more: https://renewablesnow.com/news/octopus-energy-to-buy-troubled-renewable-energy-supplier-bulb-803025/
— Gore Street Energy Storage to buy 200-MW project in England
Gore Street Energy Storage Fund Plc (LON:GSF) has entered into an agreement to acquire from Kona Energy a 200-MW energy storage project in North West England that is ready to launch the construction phase.
Read more: https://renewablesnow.com/news/gore-street-energy-storage-to-buy-200-mw-project-in-england-803052/
— BayWa r.e. to sell 140-GWh biogas platform to Macquarie’s GIG
German renewables company BayWa r.e. AG has agreed to sell its biogas business, BayWa r.e. Bioenergy GmbH, which is associated with the production of about 140 GWh of biomethane annually, to an investment vehicle of Macquarie’s Green Investment Group (GIG).
Read more: https://renewablesnow.com/news/baywa-re-to-sell-140-gwh-biogas-platform-to-macquaries-gig-803208/
— ACWA to develop, co-own 110 MW of floating solar projects in Indonesia
Saudi investor in water and power plants ACWA Power (TADAWUL:2082) said it will develop and co-own 110 MW of floating solar parks in Indonesia through a deal with state-owned utility PT Perusahaan Listrik Negara, or PLN.
Read more: https://renewablesnow.com/news/acwa-to-develop-co-own-110-mw-of-floating-solar-projects-in-indonesia-803221/
— US miner targeting green hydrogen market agrees to buy CSP developer
Buscar Co (OTCMKTS:CGLD), a US mining company looking to enter the sustainable energy space, has signed a deal to buy APTG Inc, the developer of a concentrated solar power (CSP) technology that can be combined with green hydrogen production.
Read more: https://renewablesnow.com/news/us-miner-targeting-green-hydrogen-market-agrees-to-buy-csp-developer-803269/
— Verisk to sell WoodMac in USD-3.1bn deal
Verisk Analytics, Inc (NASDAQ:VRSK) said it had agreed to sell its energy-focused research and consultancy business Wood Mackenzie to New York-based private equity firm Veritas Capital.
Read more: https://renewablesnow.com/news/verisk-to-sell-woodmac-in-usd-31bn-deal-803279/
— BayWa r.e. to co-develop 350-MW wind project in Finnish debut
German renewables company BayWa r.e. AG said it has agreed to form a 50/50 joint venture (JV) to promote a 350-MW wind farm project in Finland.
Read more: https://renewablesnow.com/news/baywa-re-to-co-develop-350-mw-wind-project-in-finnish-debut-803334/
— Equinor buying Danish solar developer with 6-GW pipeline
Norwegian energy group Equinor ASA (NYSE:EQNR) said it has struck a deal to acquire Danish solar project developer BeGreen, seeking to further expand its business in the solar photovoltaic (PV) market.
Read more: https://renewablesnow.com/news/equinor-buying-danish-solar-developer-with-6-gw-pipeline-803344/
— EnBW takes full control of residential solar company DZ4
German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has increased its interest in DZ4 and is now the sole owner of the Hamburg-based rooftop solar rental company.
Read more: https://renewablesnow.com/news/enbw-takes-full-control-of-residential-solar-company-dz4-803387/
— Harrison Street buys 28-MW Cincinnati Zoo solar project
Chicago-based investment management firm Harrison Street announced the acquisition of a 28-MW solar project that is currently being built on land owned by the Cincinnati Zoo in Warren County, Ohio.
Read more: https://renewablesnow.com/news/harrison-street-buys-28-mw-cincinnati-zoo-solar-project-803456/
— Actis-backed Rezolv snaps up 1-GW solar project in Romania
Rezolv Energy, the clean power platform owned by Actis, has purchased the rights to build and operate a 1,044-MW solar project in Romania from domestic renewable energy developer Monsson Group.
Read more: https://renewablesnow.com/news/actis-backed-rezolv-snaps-up-1-gw-solar-project-in-romania-803477/
— TEPCO to acquire Scottish offshore wind biz Flotation Energy
Japanese utility Tokyo Electric Power Company Holdings Inc (TYO:9501), also known as TEPCO, said it will acquire Scotland-based offshore wind developer Flotation Energy in its first investment in an overseas wind business.
Read more: https://renewablesnow.com/news/tepco-to-acquire-scottish-offshore-wind-biz-flotation-energy-803482/
— Encavis takes controlling stake in O&M partner Stern Energy
German solar and wind farm operator Encavis AG (ETR:ECV) has boosted to 80% its shareholding in Italian solar energy equipment provider Stern Energy SpA which is its long-term operation and management (O&M) partner.
Read more: https://renewablesnow.com/news/encavis-takes-controlling-stake-in-om-partner-stern-energy-803485/
— Greek utility PPC denies signing deal to buy Enel Romania
Greek power utility PPC SA (ATH:PPC) has not signed any deal for the acquisition of a 70% stake in the Romanian unit of Italian peer Enel SpA (BIT:ENEL), it said, rebuffing media reports on the matter.
Read more: https://renewablesnow.com/news/greek-utility-ppc-denies-signing-deal-to-buy-enel-romania-803502/
— Carlyle pours USD 350m into DG solar firm Aspen Power
Funds managed by private equity major Carlyle (NASDAQ:CG) have invested USD 350 million in US distributed generation (DG) platform Aspen Power Partners LLC to help it pursue its organic and acquisition-driven growth strategy.
Read more: https://renewablesnow.com/news/carlyle-pours-usd-350m-into-dg-solar-firm-aspen-power-803588/
— Fengate to power Meta from 160-MW newly-acquired wind project in Texas
North American alternative investment manager Fengate Asset Management said it has acquired a 160-MW shovel-ready wind project in Texas and announced a long-term power off-take deal with Meta Platforms Inc (NASDAQ:META).
Read more: https://renewablesnow.com/news/fengate-to-power-meta-from-160-mw-newly-acquired-wind-project-in-texas-803626/
— Spain’s Q-Energy wins bidding to buy 27.5-MW wind project in Germany
Madrid, Spain-based renewables investment platform Q-Energy has acquired a 27.5-MW wind project in the state of Baden-Wurttemberg, southern Germany, for an undisclosed amount.
Read more: https://renewablesnow.com/news/spains-q-energy-wins-bidding-to-buy-275-mw-wind-project-in-germany-803629/
— Avantus sells most of 147-MWp Texas solar project to Allianz
US solar developer Avantus, previously known as 8minute Solar Energy, said it has sold a 147-MW DC solar project in Texas to asset manager Allianz Capital Partners, part of the Allianz Group, keeping a minority stake in the scheme.
Read more: https://renewablesnow.com/news/avantus-sells-most-of-147-mwp-texas-solar-project-to-allianz-803634/
— ThomasLloyd Energy sets foot in Vietnam with USD-30m investment deal
ThomasLloyd Energy Impact Trust Plc (LON:TLEI) has entered into an investment agreement with project developer and EPC contractor Solar Electric Vietnam (SEV) that calls for an initial spending of USD 30 million on renewable energy assets in Vietnam.
Read more: https://renewablesnow.com/news/thomaslloyd-energy-sets-foot-in-vietnam-with-usd-30m-investment-deal-803669/
— Dutch insurer ASR buys coastal wind park in Groningen
Dutch insurance company ASR Nederland NV said that through its unit a.s.r. real estate, it has acquired the recently-completed Strekdammen wind farm in Groningen from originators Pondera and Rebel.
Read more: https://renewablesnow.com/news/dutch-insurer-asr-buys-coastal-wind-park-in-groningen-803674/
— KKR looking to sell 50% stake in Spanish solar firm X-Elio – report
US private equity firm KKR & Co Inc (NYSE:KKR) is looking to sell its 50% stake in Spanish solar energy developer X-Elio and has hired Citi and Nomura as advisors in the process, business newspaper Expansion reported citing unnamed sources.
Read more: https://renewablesnow.com/news/kkr-looking-to-sell-50-stake-in-spanish-solar-firm-x-elio-report-803690/
— Dominion Energy posts rise in Q3 EPS, starts business review
US utility Dominion Energy Inc (NYSE:D) reported operating earnings per share (EPS) above the midpoint of its prior third-quarter (Q3) guidance and announced the launch of a “top-to-bottom” business review of the company.
Read more: https://renewablesnow.com/news/dominion-energy-posts-rise-in-q3-eps-starts-business-review-803721/
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