Weekly renewables M&A round-up (Feb 15-19)

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February 19 (Renewables Now) - Renewables Now covered M&A stories about RWE, EDP, Eni and others over the past week. Below is the full list:

-- PPC board clears 2-GW Greek renewables JV with RWE

The 2-GW renewables joint venture (JV) proposed by PPC SA (ATH:PPC) and German energy major RWE AG (ETR:RWE) has been approved by the Greek utility.

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-- Brazil's Renova picks buyer for 408-MW Alto Sertao Phase B

Brazilian renewables developer Renova Energia SA (BVMF:RNEW11) has picked an investment fund managed by Prisma Capital Ltda as the winning bidder in a tender for the sale of the 408-MW Phase B of its Alto Sertao III wind power project.

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-- PNM Resources shareholders vote "yes" on merger deal with Avangrid

US utilities holding PNM Resources Inc (NYSE:PNM) said that the overwhelming majority of its shareholders voted to approve the company’s merger agreement with Avangrid Inc (NYSE:AGR), the North American clean energy business of Spanish group Iberdrola SA (BME:IBE).

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-- Lightsource BP buys 845-MW solar portfolio in Spain

UK’s Lightsource BP said that it has acquired a portfolio of 845 MW of solar projects in Spain from local developer Iberia Solar.

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-- Greencoat Renewables to buy 43-MW wind farm in Finland

Irish renewable infrastructure company Greencoat Renewables Plc (LON:GRP) announced a deal to purchase a 43.2-MW subsidy-free wind farm project in Finland from German developer ABO Wind AG (ETR:AB9).

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-- EDP acquires Italian solar self-consumption firm Enertel

EDP Comercial, a subsidiary of Portuguese energy giant EDP (ELI:EDP), has acquired Italian solar self-consumption solutions company Enertel.

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-- Blue Elephant buys 45 MWp of Greek solar parks from ABO

German renewables firm Blue Elephant Energy AG has agreed to acquire 45 MWp of solar parks in Greece from compatriot ABO Wind AG for an undisclosed sum.

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-- Matrix Renewables to invest in 150 MW of Spanish PV in 1-GW partnership

Madrid-based platform Matrix Renewables, created by asset manager TPG, said it has entered into a partnership with Spanish renewables developer Rolwind to develop a 1-GW pipeline.

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-- Longroad buys 900-MWp portfolio in Arizona from First Solar

US renewables developer Longroad Energy Holdings LLC said it has struck a deal to acquire roughly 900 MW DC of solar projects in Arizona from First Solar Inc (NASDAQ:FSLR).

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-- Greece's Mytilineos buys 1.48-GW solar project portfolio

Greek industrial group Mytilineos SA has acquired a 1.48-GW solar project portfolio at home along with a battery storage pipeline from Egnatia Group for a total of EUR 56 million.

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-- Octopus Renewables to sell 173-MW solar portfolio in Italy to A2A

Octopus Renewables, the clean energy investment arm of the Octopus Group, has agreed to sell 173 MW of zero-subsidy solar projects in Italy to local utility A2A SpA (BIT:A2A) at an equity value of EUR 205 million.

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-- Allete Clean Energy to repower and sell 120-MW wind farm in Minnesota

Allete Clean Energy, part of US energy company Allete Inc (NYSE:ALE), announced the planned sale to Xcel Energy (NASDAQ:XEL) of a 120-MW wind farm in Minnesota after it is repowered.

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-- Invenergy transfers 166-MW Michigan wind park to Consumers Energy

Michigan utility Consumers Energy said it has officially taken ownership of a 166-MW wind farm that was just put on stream at its home state.

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-- Lightsource BP acquires 78-MW solar project in Italy

Lightsource BP announced it has acquired a 78-MW solar project in Italy from Sicily-based renewables developer EGI as part of a co-development agreement between the two.

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-- Israel's Augwind ponders US listing via IPO or merger

Israeli underground compressed air storage technologies developer Augwind Ltd (TLV:AUGN) will be looking to gain a listing on a stock exchange in the US.

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-- Sterling and Wilson buys Aussie solar EPC firm GCO Solar

Indian solar EPC contractor Sterling and Wilson Solar Ltd (BOM:542760), or SWSL, has acquired the shares it did not previously own in Australian electrical and solar contractor GCO Solar Pty, thus becoming its 100% owner.

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-- PKN Orlen buys wind farm in Poland operational since 2012

Polish oil refiner PKN Orlen (WSE:PKN) announced the acquisition of the 20-MW Kanin wind farm in the West Pomeranian Voivodeship from Stage Capital and Mashav Energia.

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-- Community solar software firm Ampion raises USD 10m

Boston-based Ampion PBC, which offers revenue management services for owners of distributed generation assets, including community solar, said it has raised USD 10 million in Series A funding.

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-- Macquarie's GIG buys 22-MW Polish wind farm from EnerCap

Green Investment Group Ltd (GIG), part of Australia’s Macquarie Group Ltd (ASX:MQG), has acquired a 22-MW onshore wind park in central Poland for an undisclosed sum.

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-- Sunnova to buy Lennar’s residential solar platform for homebuilders

Sunnova Energy International Inc (NYSE:NOVA) has struck an all-stock deal to acquire the SunStreet residential solar platform of homebuilder Lennar Corporation (NYSE:LEN; NYSE:LEN.B).

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-- BayWa r.e. buys 50-MW wind project in Scotland from Blue Energy

Germany’s BayWa r.e. renewable energy GmbH said it has acquired the 50-MW High Constellation wind farm project in Scotland.

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-- Nordic Solar buys 48.5-MWp solar park in Portugal from Chint

Danish energy company Nordic Solar said it has closed the acquisition of a 48.5-MWp solar project in Portugal from Chinese developer Chint Solar, without providing financial details.

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-- IEnova agrees buyout of Mexican wind power complex

Mexican utility IEnova (BMV:IENOVA), a subsidiary of US Sempra Energy (NYSE:SRE), has agreed to acquire the stake it does not already own in the Energia Sierra Juarez wind power complex from joint venture partner, UK growth markets investor Actis.

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-- Eni plans Spanish debut with 140-MW solar buy

Italian oil-and-gas major Eni SpA (BIT:ENI) said it has agreed to acquire three solar photovoltaic (PV) projects totalling 140 MW in southern Spain.

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-- Stem announces board for post-merger energy storage company

Stem Inc, an energy storage expert that agreed a tie-up with a publicly-traded special purpose acquisition company (SPAC) in December, announced the board of directors for the post-merger company.

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-- Spanish regulator accepts to assess IFM's offer for 22.7% stake in Naturgy

Spanish stock market regulator CNMV said that it has admitted for consideration the application filed by Australia’s IFM Global Infrastructure Fund (IFM GIF) regarding the fund’s offer to buy up to a 22.69% stake in power and gas utility Naturgy Energy Group SA (BME:NTGY).

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-- Dandelion closes USD-30m funding round

US residential geothermal company Dandelion Energy Inc said it has raised USD 30 million in Series B funding.

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-- Cubico cleared to acquire Spanish IPP Grupo T-Solar for EUR 1.5bn

Cubico Sustainable Investments Ltd has been given the regulatory green light to acquire Spain-based independent power producer (IPP) Grupo T-Solar Global SA in a deal thats puts EUR 1.5 billion enterprise value on the targeted company.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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