Weekly renewables M&A round-up (Jul 11-15)

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July 15 (Renewables Now) - Renewables Now covered M&A stories about Aker, Mainstream, Equinor, Amazon and others in the past week. Below is the full list:

-- Cloudberry, Hafslund to set up JV for 100-MW Swedish lake wind project

Cloudberry Clean Energy ASA (OSE:CLOUD) will be partnering with Norwegian power group Hafslund AS in the 100-MW Stenkalles Grund shallow-water wind project, which is under development in lake Vanern in Sweden.

Read more: https://renewablesnow.com/news/cloudberry-hafslund-to-set-up-jv-for-100-mw-swedish-lake-wind-project-791101/

-- Pacifico Renewables sells 7.5-MW Czech solar portfolio to enter UK

German renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) said it has agreed to sell its Czech portfolio of four solar systems with a combined capacity of 7.5 MW to be able to enter the UK solar and battery storage market.

Read more: https://renewablesnow.com/news/pacifico-renewables-sells-75-mw-czech-solar-portfolio-to-enter-uk-791107/

-- VSB selling 190 MW of wind projects in Finland

German renewables developer VSB Group announced it is selling its two wind farm projects totalling 190 MW in Finland.

Read more: https://renewablesnow.com/news/vsb-selling-190-mw-of-wind-projects-in-finland-791113/

-- Renewables transfer by India's NTPC intensifies stake sale speculation

Indian state-run energy company NTPC Ltd (BOM:532555) has approved the transfer of NTPC Renewable Energy Ltd (NREL) along with 15 renewable energy assets to a new wholly-owned subsidiary, amid market rumours about a possible stake sale in the green power business.

Read more: https://renewablesnow.com/news/renewables-transfer-by-indias-ntpc-intensifies-stake-sale-speculation-791159/

-- SDCL Energy buying 69-MW bundle of UK wind, solar, hydro assets

Britain's SDCL Energy Efficiency Income Trust Plc (LON:SEIT), or SEEIT, said it has agreed to buy a 69-MW portfolio of on-site renewable power plants in England, the bulk of which are solar photovoltaic (PV) parks.

Read more: https://renewablesnow.com/news/sdcl-energy-buying-69-mw-bundle-of-uk-wind-solar-hydro-assets-791221/

-- Mainstream to take part in offshore wind-themed merger at Aker

Aker Horizons ASA (OSE:AKH), controlled by Norway’s Aker ASA (OSE:AKER), has agreed to merge its separate offshore wind-dedicated company with pure-play renewables developer Mainstream Renewable Power to form a larger company with a 27-GW portfolio.

Read more: https://renewablesnow.com/news/mainstream-to-take-part-in-offshore-wind-themed-merger-at-aker-791229/

-- Equinor to buy US energy storage developer East Point Energy

Norwegian energy group Equinor ASA (NYSE:EQNR) has agreed to acquire East Point Energy LLC, a US battery storage developer with a 4.1-GW pipeline of early to mid-stage battery projects mainly on the East Coast.

Read more: https://renewablesnow.com/news/equinor-to-buy-us-energy-storage-developer-east-point-energy-791236/

-- EDP to acquire Polish distributed solar company Zielona-Energia

Portuguese electricity producer EDP - Energias de Portugal SA (ELI:EDP) announced it will acquire Polish distributed generation (DG) solar firm Zielona-Energia.com.

Read more: https://renewablesnow.com/news/edp-to-acquire-polish-distributed-solar-company-zielona-energia-791279/

-- B Capital Partners buys stake in 87-MW Finnish onshore wind duo

A fund advised by Swiss sustainable infrastructure investment company B Capital Partners AG has agreed to acquire a 34.1% equity stake in two onshore wind projects in Finland with a combined capacity of 87 MW that are being implemented by Finnish developer Puhuri Oy.

Read more: https://renewablesnow.com/news/b-capital-partners-buys-stake-in-87-mw-finnish-onshore-wind-duo-791283/

-- CDPQ to beef up stake in India's Apraava Energy to 50%

Canadian investment group Caisse de depot et placement du Quebec (CDPQ) has raised its stake in India’s Apraava Energy to 50% following an agreement that will make the Mumbai-based renewables and power transmission business a 50/50 joint venture (JV).

Read more: https://renewablesnow.com/news/cdpq-to-beef-up-stake-in-indias-apraava-energy-to-50-791319/

-- Korea's SK Group invests USD 20m in Fulcrum BioEnergy

The energy arm of South Korean conglomerate SK Group has completed a USD-20-million equity investment in US waste-to-fuel company Fulcrum BioEnergy Inc, the latter announced.

Read more: https://renewablesnow.com/news/koreas-sk-group-invests-usd-20m-in-fulcrum-bioenergy-791374/

-- CES to buy idled biomass plant in California under carbon removal project

California-based technology company Clean Energy Systems Inc (CES) has agreed to acquire an idled biomass power plant with the idea of converting the site into a Biomass Carbon Removal and Storage (BiCRS) facility.

Read more: https://renewablesnow.com/news/ces-to-buy-idled-biomass-plant-in-california-under-carbon-removal-project-791410/

-- Hydrogen Utopia, Powerhouse to form waste plastic-to-hydrogen JV in Ireland

Hydrogen Utopia International PLC (AQSE:HUI), a London-based company focused on non-recyclable waste plastics to hydrogen technology, has agreed with Powerhouse Energy Group PLC (LON:PHE) to jointly develop a site in Ireland which could become its first full-scale waste plastic-to-hydrogen facility in Europe.

Read more: https://renewablesnow.com/news/hydrogen-utopia-powerhouse-to-form-waste-plastic-to-hydrogen-jv-in-ireland-791420/

-- DIF Capital Partners invests in Dutch mobile batteries provider Greener

Dutch investment company DIF Capital Partners said that, through its DIF CIF III fund, it will acquire a majority stake and provide capital to Amsterdam-based mobile batteries provider Greener Power Solutions BV.

Read more: https://renewablesnow.com/news/dif-capital-partners-invests-in-dutch-mobile-batteries-provider-greener-791421/

-- Apollo funds invest USD 175m in community solar firm Summit Ridge

Funds managed by affiliates of alternative asset manager Apollo (NYSE:APO) have agreed to invest USD 175 million in US community solar specialist Summit Ridge Energy LLC, the companies said.

Read more: https://renewablesnow.com/news/apollo-funds-invest-usd-175m-in-community-solar-firm-summit-ridge-791447/

-- Fred. Olsen Renewables attracts EUR-480m wind investment

An investment fund backed by a trio from Norway, Germany and Singapore has agreed to provide EUR 480 million in equity financing to Fred. Olsen Renewables AS (FORAS) for the development of existing and future wind projects in the Nordics and the UK.

Read more: https://renewablesnow.com/news/fred-olsen-renewables-attracts-eur-480m-wind-investment-791454/

-- TRC acquires US solar engineering firm Blue Oak Energy

US consulting, engineering and construction management firm TRC Companies has taken over Blue Oak Energy, which provides engineering services for commercial and utility-scale solar and energy storage projects.

Read more: https://renewablesnow.com/news/trc-acquires-us-solar-engineering-firm-blue-oak-energy-791483/

-- Norfund, KLP invest in Africa-focused renewables platform CrossBoundary

Norfund, the Norwegian government’s investment fund for developing countries, and pension fund KLP have made a USD-40-million equity investment in CrossBoundary Energy which owns and operates renewable power plants in Africa.

Read more: https://renewablesnow.com/news/norfund-klp-invest-in-africa-focused-renewables-platform-crossboundary-791519/

-- Amazon unveils another electrolyser investment, backs Sunfire

The USD-2-billion Climate Pledge Fund of e-commerce giant Amazon (NASDAQ:AMZN) has made an investment of an undisclosed amount in German industrial electrolysers maker Sunfire GmbH, it was announced.

Read more: https://renewablesnow.com/news/amazon-unveils-another-electrolyser-investment-backs-sunfire-791523/

-- CIP, Tokyu Land set up Japanese offshore wind JV

Danish investment firm Copenhagen Infrastructure Partners P/S (CIP) said it has formed a joint venture (JV) with Japan’s Tokyu Land Corporation (TYO: 3289) to develop an offshore wind project in Japanese waters.

Read more: https://renewablesnow.com/news/cip-tokyu-land-set-up-japanese-offshore-wind-jv-791542/

-- Powin lands USD-135m growth equity investment from GIC, others

US energy storage company Powin LLC said it has received a growth equity investment of USD 135 million from Singapore's sovereign wealth fund GIC and existing lead investors.

Read more: https://renewablesnow.com/news/powin-lands-usd-135m-growth-equity-investment-from-gic-others-791621/

-- Amber, Hudson Energy offload 100-MW solar project in New York

London-based Amber Infrastructure and its development partner Hudson Energy Enterprises have closed the sale of a 100-MW solar project in upstate New York.

Read more: https://renewablesnow.com/news/amber-hudson-energy-offload-100-mw-solar-project-in-new-york-791641/

-- Infrastructure India gets waiver to long-stop date for 41-MW wind bundle sale

Infrastructure India Plc (LON:IIP) announced it has been granted a waiver of the long-stop date in relation to the conditional sale of a couple of wind parks totalling 41.3 MW and that it expects to close the transaction in the coming weeks.

Read more: https://renewablesnow.com/news/infrastructure-india-gets-waiver-to-long-stop-date-for-41-mw-wind-bundle-sale-791673/

-- E.on takes full control of Mehr Ampere to boost solar capacity

German energy major E.on SE (ETR:EOAN) has taken full ownership of Regensburg-based Mehr Ampere GmbH in a deal that expands its installation capacity for rooftop solar photovoltaic (PV) systems.

Read more: https://renewablesnow.com/news/eon-takes-full-control-of-mehr-ampere-to-boost-solar-capacity-791680/

-- Innovo, Solarfields form JV to develop solar, storage in Italy

SF Grid Parity Srl, a unit of Italian engineering company Solarfields Group, has formed a joint venture (JV) with Innovo Group Srl to develop a pipeline of more than 300 solar PV schemes and at least two energy storage projects in Italy.

Read more: https://renewablesnow.com/news/innovo-solarfields-form-jv-to-develop-solar-storage-in-italy-791735/

-- Pacifico Renewables to become anchor shareholder in clearvise

German independent power producer clearvise AG (ETR:ABO) will acquire a 166-MW portfolio of wind and solar plants from Pacifico Renewables Yield AG (ETR:PRY) as part of a broader deal that will make the latter the anchor shareholder in clearvise.

Read more: https://renewablesnow.com/news/pacifico-renewables-to-become-anchor-shareholder-in-clearvise-791742/

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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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