Renewables Now covered M&A stories about TPG, Honeywell, InterContinental Energy, Brookfield and others in the past week. Below is the full list:
— Maxeon buying Complete Solaria’s shingled cell IP, dealer ops
Singapore-based Maxeon Solar Technologies Ltd is in the process of buying the solar panel patent portfolio of California-based Complete Solaria Inc, along with its dealer channel operations and contracts.
Read more: https://renewablesnow.com/news/maxeon-buying-complete-solarias-shingled-cell-ip-dealer-ops-834761/
— TPG plans capital hike for Matrix Renewables – report
Spain-based renewables platform Matrix Renewables will carry out a capital increase of around EUR 300 million to EUR 500 million directed at a minority investor, with the aim of raising funds for further project development, Spanish business daily Expansion reported, citing market sources.
Read more: https://renewablesnow.com/news/tpg-plans-capital-hike-for-matrix-renewables-report-834804/
— Cubico adds 121 MW of wind, solar capacity to Uruguay portfolio
Cubico Sustainable Investments has bolstered to 320 MW its overall renewables capacity in Uruguay with the acquisition of two wind farms and one solar plant, all of which are already operational.
Read more: https://renewablesnow.com/news/cubico-adds-121-mw-of-wind-solar-capacity-to-uruguay-portfolio-834811/
— Southern Power snaps up 150-MW Wyoming solar project from Qcells
US wholesale energy provider Southern Power announced it has acquired a 150-MW solar project in Wyoming from Qcells USA Corp, the US subsidiary of South Korea’s Hanwha Group, for an undisclosed sum.
Read more: https://renewablesnow.com/news/southern-power-snaps-up-150-mw-wyoming-solar-project-from-qcells-834856/
— Kajima JV sells 35-MW solar farm in Poland to Enea
PAD RES, a joint venture between Kajima Europe and Griffin Capital Partners, has sold a 35-MW solar farm in Poland to Polish state-run utility Enea.
Read more: https://renewablesnow.com/news/kajima-jv-sells-35-mw-solar-farm-in-poland-to-enea-834951/
— Honeywell ties up with iron flow battery firm ESS
US technology group Honeywell has struck a strategic partnership with ESS Tech Inc that includes an investment in the Oregon-based energy storage firm.
Read more: https://renewablesnow.com/news/honeywell-ties-up-with-iron-flow-battery-firm-ess-834962/
— Home energy solutions provider Elevation raises USD 20m
US residential solar and smart energy monitoring company Elevation has secured USD 20 million from private equity management firm Bernhard Capital Partners to continue the expansion of its clean energy technology platforms.
Read more: https://renewablesnow.com/news/home-energy-solutions-provider-elevation-raises-usd-20m-834972/
— PPA software firm Pexapark pulls in EUR 20m in fresh funds
Swiss renewable energy-focused software and advisory services company Pexapark announced it has secured EUR 20 million in a fundraising transaction to expand its team and offerings amidst the renewable power market’s growth.
Read more: https://renewablesnow.com/news/ppa-software-firm-pexapark-pulls-in-eur-20m-in-fresh-funds-834986/
— GIC invests in InterContinental Energy again, Hy24 joins too
Green hydrogen projects developer InterContinental Energy has received a USD-115-million injection from Singapore’s sovereign wealth fund GIC and clean hydrogen pureplay investor Hy24 to support its entry into the next growth phase.
Read more: https://renewablesnow.com/news/gic-invests-in-intercontinental-energy-again-hy24-joins-too-835043/
— Eni in talks over Plenitude stake sale ahead of IPO – report
Italian oil and gas major Eni SpA is negotiating a deal to offload a stake in its renewables platform Plenitude, rekindling plans for an initial public offering (IPO) of the subsidiary, Reuters reports.
Read more: https://renewablesnow.com/news/eni-in-talks-over-plenitude-stake-sale-ahead-of-ipo-report-835149/
— IPP firm Red Rocket secures USD 160m to fund growth in Africa
South African independent power producer (IPP) Red Rocket has secured USD 160 million in new capital to fund business growth initiatives and expand its footprint.
Read more: https://renewablesnow.com/news/ipp-firm-red-rocket-secures-usd-160m-to-fund-growth-in-africa-835159/
— Canadian Solar sells 17.5-MWp PV farm in Hiroshima
Canadian Solar Inc announced it has completed the sale of an operational solar farm with a capacity of 17.5 MWp in Japan’s Hiroshima prefecture to a private fund.
Read more: https://renewablesnow.com/news/canadian-solar-sells-175-mwp-pv-farm-in-hiroshima-835204/
— Alcazar snaps up EUR-200m wind project in Montenegro
Sustainable infrastructure investor Alcazar Energy said it has acquired the rights to a 118-MW wind project in Montenegro that is expected to be one of the largest in the Western Balkans and double the country’s installed wind capacity.
Read more: https://renewablesnow.com/news/alcazar-snaps-up-eur-200m-wind-project-in-montenegro-835221/
— OX2 unveils USD-248m divestment of Swedish wind project
Swedish renewables developer OX2 AB said it has sold a 115-MW wind project in its home country in a deal worth SEK 2.7 billion.
Read more: https://renewablesnow.com/news/ox2-unveils-usd-248m-divestment-of-swedish-wind-project-835274/
— TotalEnergies expands agri-PV ops via takeover of Ombrea
French energy group TotalEnergies unveiled the acquisition of domestic agrivoltaics firm Ombrea in a deal seen to advance the development of its own 1.5-GW agri-PV project portfolio.
Read more: https://renewablesnow.com/news/totalenergies-expands-agri-pv-ops-via-takeover-of-ombrea-835323/
— Enel wraps up EUR-142m sale of half of Aussie renewable ops
Italian utility Enel SpA announced it has completed the sale of a 50% stake in its Australian renewable energy business, which operates 310 MW of installed gross solar capacity, to Japanese oil and natural gas producer Inpex Corp.
Read more: https://renewablesnow.com/news/enel-wraps-up-eur-142m-sale-of-half-of-aussie-renewable-ops-835341/
— Enersense sells stake in 38.5-MW Finnish wind farm
Finnish green energy services provider Enersense International Oyj has sold its minority stake in the 38.5-MW Soidinmaki wind farm in central Finland that it built for local company Tuulivoimayhtio Pohjoistuuli Oy.
Read more: https://renewablesnow.com/news/enersense-sells-stake-in-385-mw-finnish-wind-farm-835378/
— Brookfield to spend USD 845m on new Indian platform with Axis Energy
Brookfield Asset Management and Indian clean tech company Axis Energy Ventures India Pvt Ltd have teamed up to form their second joint venture aimed at establishing a renewable energy development platform.
Read more: https://renewablesnow.com/news/brookfield-to-spend-usd-845m-on-new-indian-platform-with-axis-energy-835394/
— AEW Energie snaps up Vento Ludens’s Swiss unit
Swiss energy company AEW Energie AG said it is acquiring the local subsidiary of German renewable energy group Vento Ludens, expanding its wind energy capabilities through the deal.
Read more: https://renewablesnow.com/news/aew-energie-snaps-up-vento-ludenss-swiss-unit-835402/
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