Weekly renewables M&A round-up (Jan 20-24)

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January 24 (Renewables Now) - Renewables Now covered M&A stories related to Windlab, EDP, Engie and others over the past two weeks. Below is the full list of deals:

-- Aussie PE fund offers to buy 100% of Windlab

Federation Asset Management Holdings Pty Ltd has made a bid to acquire all shares it does not own in Australian wind farm development and management firm Windlab Ltd (ASX:WND).

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-- TRIG buying rights to build 35-MW Scottish wind farm

The Renewables Infrastructure Group Ltd (LON:TRIG) has agreed to acquire the company that owns the rights for the construction of a 35-MW wind farm in West Scotland.

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-- Rolls-Royce ups stake in energy storage firm Qinous to 73%

UK-based power system maker Rolls-Royce Holdings Plc (LON:RR) said it has increased its stake in energy storage solutions company Qinous GmbH to 73.1% from 19.9% previously.

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-- Huaneng buying 294 MW of GCL New Energy solar parks

Chinese solar power producer GCL New Energy Holdings Ltd (HKG:0451), or GNE, has agreed to offload a portfolio of 294 MW of photovoltaic (PV) assets at home to compatriot China Huaneng Group.

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-- Ceres Power looks towards hydrogen as Bosch plans to lift stake

Robert Bosch GmbH has agreed to become a significant strategic investor in Ceres Power Holdings Plc (LON:CWR) in a move that will enable the solid oxide fuel cell (SOFC) specialist to diversify its technology into complementary areas, including hydrogen production.

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-- Partners Group to take control of renewables developer VSB

Private markets investment manager Partners Group Holding AG (SWX:PGHN) has sealed a deal to buy an 80% stake in Dresden-based renewables developer and operator VSB Group.

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-- EQT fund, Temasek set up Indian renewables platform targeting 4 GW

The EQT Infrastructure IV fund and Singapore’s sovereign wealth fund Temasek Holdings Pvt Ltd have made commitments to invest a combined USD 500 million in a new renewable energy platform in India.

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-- F2i looks to sell stake in Italian solar farm operator - report

Rothschild has been selected by Italian private equity firm F2i SGR SpA to help it offload a minority stake in EF Solare Italia in order to reduce its debt, Reuters reported, citing sources in the know.

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-- Brazil approves EDP GRID acquisition of 4 solar DG systems

Brazil's Administrative Council for Economic Defense (CADE) has approved the acquisition of four solar distributed generated (DG) systems by EDP GRID Gestao de Redes Inteligentes de Distribuicao SA.

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-- Galp to acquire 2.9 GW solar portfolio from Spain's ACS

Portuguese energy conglomerate Galp (ELI:GALP) has agreed to acquire a 2.9-GW solar portfolio from Spanish construction engineering company ACS Actividades de Construccion y Servicios SA (BME:ACS).

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-- ITM incorporates green hydrogen JV with Linde

ITM Power Plc (LON:ITM) said it has incorporated ITM Linde Electrolysis GmbH, a green hydrogen joint venture with industrial gases and engineering company Linde that was announced in October.

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-- Deutsche Windtechnik buys fellow service provider GFW

German wind turbine servicing company Deutsche Windtechnik AG has taken over sector player GFW Gesellschaft fuer Windenergieanlagen GmbH & Co KG in a drive to bolster the two firms in their international growth.

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-- Spruce Finance buys 31.3-MW rooftop PV portfolio

Spruce Finance, a Texas-based solar asset manager, has finalised the acquisition of a 31.3-MW portfolio of rooftop photovoltaic (PV) plants for an undisclosed sum, it said.

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-- EDP, Engie formalise plans to create 50/50 offshore wind development JV

EDP Renovaveis SA (ELI:EDPR) has signed an agreement with France's Engie SA (EPA:ENGI) to form a 50/50 joint venture (JV) to develop both fixed and floating offshore wind projects worldwide.

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-- Engie to sell majority stake in 813-MWp Indian solar portfolio

French utility Engie SA (EPA:ENGI) has agreed to unload a 74% stake in an 813-MWp portfolio of solar assets in India to Edelweiss Infrastructure Yield Plus Fund (EIYP).

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-- Conquest invests in 43-MW wind portfolio in Belgium

Ireland-based investment manager Conquest Group said that it has purchased 51% of a portfolio of five wind projects in Belgium totalling 43 MW from energy company Electrabel SA, part of French utility Engie SA (EPA:ENGI).

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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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