Weekly renewables M&A round-up (Feb 25-March 3)

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March 4 (Renewables Now) - Renewables Now covered M&A stories related to RWE, Total Eren and Statkraft over the past seven days. Below is the full list of deals:

-- RWE takes control of Innogy's Czech gas grid business

German energy group RWE AG (ETR:RWE) has bought the controlling stake held by Innogy SE (ETR:IGY) in a Czech gas grid business as part of a larger deal with peer E.on SE (ETR:EOAN) that also involves renewables.

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-- Vast Solar seeks funds for 50-MW CSP, PV hybrid

Australia-based concentrating solar power (CSP) firm Vast Solar is looking to raise AUD 75 million from strategic partners to finance an upcoming 50-MW hybrid project.

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-- RWE gets EC nod to buy E.on's renewables, nuclear ops

The European Commission (EC) gave the green light to RWE AG’s (ETR:RWE) planned acquisition of the renewable and nuclear power generation operations of E.on SE (ETR:EOAN).

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-- France's Total Eren to buy 657-MW portfolio operator NovEnergia

French renewables developer Total Eren SA will acquire NovEnergia Holding Company (NHC), a Luxembourg-based independent power producer which Total Eren says is worth over EUR 1 billion.

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-- Petros PACE Finance buys solar financier Demeter

US clean energy financier Petros PACE Finance LLC has acquired Demeter Power Group Inc along with its solar financing structure dedicated to the commercial & industrial (C&I) sector.

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-- Sempra Energy preps to sell power units in Peru, Chile

US energy infrastructure company Sempra Energy (NYSE:SRE) plans to launch a formal sale process next month for its power businesses in Peru and Chile, including a hydroelectric projects developer.

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-- Engie buys bio methane producer

French utility Engie SA (EPA:ENGI) has acquired the bio methane producing arm of renewable energy specialist Vol-V SAS.

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-- Shell New Energies to acquire British energy tech group Limejump

Shell New Energies, part of Anglo-Dutch oil giant Royal Dutch Shell (AMS:RDSA) has agreed to buy UK virtual power plant (VPP) operator Limejump,  the latter said.

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-- Encavis invests EUR 40m in Bavarian wind, solar parks

German wind and solar park operator Encavis AG (ETR:CAP) said it has invested EUR 40 million in wind and solar assets in Bavaria for institutional investors.

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-- RES sells 51 MW of Swedish wind to Spanish Power

UK green energy firm Renewable Energy Systems Ltd (RES) has sold two wind projects totalling 51 MW in Sweden to Madrid-based developer Spanish Power for an undisclosed sum.

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-- Ardian to create Nordic platform with EUR-300m wind investment

Private investment house Ardian has bought from OX2 the development rights to a 53-turbine wind project in Sweden with plans to invest EUR 300 million in it.

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-- Solar coating maker Pellucere secures investment

Growth capital provider Energy Innovation Capital (EIC) has made a "major" investment in Pellucere Technologies Inc, which has developed an anti-reflective and anti-soiling coating that boosts the output of solar power plants.

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-- TRIG taking full ownership of 213-MW wind farm in Sweden

The Renewables Infrastructure Group (TRIG) has agreed to acquire the 100% shareholding held by Swedish developers Arise AB (STO:ARISE) and Sydvastanvind AB in a 212.9-MW wind farm in Sweden.

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-- Siemens to buy KACO new energy's inverter business

German industrial giant Siemens AG (ETR:SIE) said it will acquire the string inverter business of power electronics maker KACO New Energy GmbH, without disclosing the financial terms of the deal.

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-- Japan's Renova acquires 21.6-MW PV plant in Mie

Japanese renewables developer Renova Inc announced it has acquired all of a newly completed 21.6-MW photovoltaic (PV) power plant in Mie prefecture.

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-- Brazil's CADE okays EDPR's purchase of 41.6-MW wind project

Brazil's Administrative Council for Economic Defense (CADE) approved without restrictions the acquisition by EDP Renovaveis Brasil SA of a 41.58-MW wind project from local firm Monte Verde VI.

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-- Statkraft plans sale of stakes in 500-MW Norwegian wind portfolio

Norwegian state-owned utility Statkraft AS intends to sell minority stakes in four wholly-owned wind farms in Sweden with a combined capacity of some 500 MW, its CEO was quoted as saying.

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-- Apollo buys Clearway shares regardless of PG&E worries - report

Buyout firm Apollo Global Management LLC has built a stake of 6% in US renewable and conventional power producer Clearway Energy Inc (NYSE:NYLD) regardless of the uncertainty surrounding some of its supply contracts, Reuters reports.

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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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