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Weekly renewables M&A round-up (Dec 2-6)

Mark Rubens/Shutterstock.com

December 6 (Renewables Now) - Renewables Now covered M&A stories related to Aquila Capital, Tilt Renewables, BP, A2A, Engie and others over the past week. Below is the full list of deals:

-- Cubico buys 20-MW solar farm in Spain - report

Cubico Sustainable Investments has acquired the 20-MW Luzentia solar farm in Murcia, southeastern Spain, Spanish business news outlet Expansion reported.

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-- Japan's Renova switches on and takes control of 80-MW solar farm

Japanese renewable power producer Renova Inc (TYO:9519) announced it has taken control of an 80.8-MW solar park in Iwate prefecture that just started commercial operations.

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-- Canadian Solar offloads 11-MWp PV plant in Japan to infrastructure fund

Canadian Solar Inc (NASDAQ:CSIQ) has closed the sale of a 10.8-MWp solar park in Japan to subsidiary Canadian Solar Infrastructure Fund Inc (TYO:9284), or CSIF.

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-- Canada's Valent Low-Carbon Technologies secures USD 22.8m in funding

Canada's Valent Low-Carbon Technologies, which develops renewable fuels market-enabling solutions, announced it has secured CAD 30 million from investors.

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-- Bunge, BP announce completion of bioenergy JV in Brazil

US oilseed processing Bunge Ltd (NYSE:BG) and British oil firm BP plc (NYSE:BP) said they have finalised their bioenergy joint venture (JV) in Brazil, called BP Bunge Bioenergia.

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-- BayWa sells 14.4-MW wind farm in Sweden to Taaleri Energia

The renewables arm of German diversified group BayWa AG (ETR:BYW6) announced the sale of a 14.4-MW wind project in southern Sweden to Finnish renewable energy developer Taaleri Energia Ltd.

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-- Gridworks closes USD-7.5m equity funding round for S Africa's Mettle Solar

UK-based development and investment platform Gridworks Development Partners LLP said it has reached financial close of ZAR 106.7 million in equity funding for South African firm Mettle Solar Investments.

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-- Romania's SAPE submits offer to take over CEZ assets - report

Romania's Energy Shareholdings Administration Association (SAPE) has submitted individual non-binding offers for part of the assets put up for sale by Czech energy group CEZ, local media reported.

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-- Tilt Renewables agrees USD-732m sale of Aussie wind farm

Tilt Renewables Ltd (NZE:TLT) said it has agreed to offload its largest asset, the 270-MW Snowtown 2 wind farm in South Australia, in a deal with an enterprise value of AUD 1.07 million.

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-- BP to raise stake in solar developer Lightsource BP to 50%

BP Plc (LON:BP) will lift its shareholding in Lightsource BP to 50% from 43% in a deal that it says will enhance the solar developer’s growth.

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-- Italy's A2A to buy 1-GW solar project pipeline from Talesun

The renewables subsidiary of Italian utility A2A SpA (BIT:A2A) has struck a deal to buy a roughly 1,000-MW solar project development pipeline from the Talesun group.

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-- Sembcorp to pay USD 59m for remaining stake in Indian arm

Singapore-based energy group Sembcorp Industries Ltd (SGX:U96) will pay about INR 4.06 billion in cash for the 5.95% stake it does not own yet in Sembcorp Energy India Ltd (SEIL), its Indian energy unit.

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-- Daiwa Energy to buy 40% of Aquila Capital

Daiwa Energy & Infrastructure Co Ltd, a unit of Japan’s Daiwa Securities Group Inc (TYO:8601), announced plans to take a 40% stake in Hamburg-based investor Aquila Capital Holding GmbH for an undisclosed amount.

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-- Enel to up its stake in Chilean unit

Italian utility Enel SpA (BIT:ENEL) has entered into two share swap transactions with a unnamed financial institution to raise the stake in its Chile-based unit Enel Chile SA (NYSE: ENIC) by up to 3%.

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-- Engie to bag 329 MW of wind in Renvico acquisition

France’s Engie SA (EPA:ENGI) announced the acquisition of wind farm manager Renvico Holding from Macquarie Infrastructure and Real Assets (MIRA) and US private equity firm KKR (NYSE:KKR) with its co-investors.

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-- PNE's services unit takes over Rope Access Solutions

Energy consult GmbH, the wind farm services unit of German renewables firm PNE AG (ETR:PNE3), has expanded its offering with the acquisition of local special services provider Rope Access Solutions GmbH for an undisclosed amount.

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-- Hector Capital, Agritrade invest USD 100m in Singapore's Sun Electric

Integrated energy solutions provider Agritrade International Pte Ltd and private equity investment company Hector Capital Partners Ltd have together invested up to USD 100 million (EUR 91m) in Singapore-based solar rooftop developer Sun Electric Pte Ltd.

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-- Centrotherm frees funds for product development with unit sale

Centrotherm International AG (FRA:CTNK) is to develop new innovative production solutions using proceeds from the sale of its subsidiary FHR Anlagenbau GmbH.

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