July 22 (Renewables Now) - Renewables Now covered M&A stories related to Innogy, BlackRock, GE and others over the past week. Below is the full list of deals:
-- E.on to get EU nod for Innogy deal - report
German utility E.on (ETR:EOAN) is likely to receive the approval of the European Commission (EC) for its planned takeover of certain assets from domestic peer Innogy (ETR:IGY), thanks to the additional remedies it has offered, Reuters reported citing sources.
-- National Grid formally acquires US renewables developer Geronimo
UK electricity and gas utility National Grid (LON:NG) has wrapped up its USD-100-million acquisition of US wind and solar developer Geronimo Energy.
-- ReneSola agrees selling 12.3 MW of rooftop solar assets in China
Chinese solar project developer ReneSola Ltd (NYSE:SOL) said it has agreed to sell a 12.3-MW portfolio of rooftop photovoltaic (PV) projects in China to a unit of domestic financial group Far East Horizon Company.
-- AEP keen to purchase 1.5 GW of Invenergy-developed wind projects
US utility American Electric Power Company Inc (NYSE:AEP) announced it is seeking regulatory clearance to buy 1,485 MW of wind power plants currently being developed in Oklahoma.
-- Vistra wraps up Crius Energy acquisition
Texas-based company Vistra Energy Corp (NYSE:VST) has completed the acquisition of electricity and gas retailer Crius Energy Trust (TSE:KWH.UN), which will be delisted from the Toronto Stock Exchange tomorrow.
-- CEZ may take stake in developer of Europe’s largest Li deposit
CEZ Group may become the largest shareholder of European Metals Holdings Ltd, the company awarded the mineral exploration licenses for what is touted as Europe’s largest lithium (Li) deposit.
-- Taaleri Energia's latest fund acquires 91-MW Finnish wind project
The latest fund of Helsinki-based renewable energy developer Taaleri Energia Ltd has acquired the 91-MW Oltava wind farm in Finland together with co-investors.
-- Pegasus takes over partner in USD-3bn solar-powered data centre project
US renewables-focused technology infrastructure company Pegasus Group Holdings has taken over Plus Minus Power, its partner in a USD-3-billion solar-powered data centre project in Arizona.
-- BlackRock takes control of GE solar business under new partnership
The real assets division of US investment manager BlackRock Inc (NYSE:BLK) will acquire a majority stake in a solar and storage solutions business owned by the renewables arm of General Electric Co (NYSE:GE).
-- Trianel acquires 9-MW wind farm from ABO
German municipal utilities group Trianel said it has acquired a 9-MW repowered wind farm in Germany’s Lower Saxony state from compatriot ABO Wind AG.
-- Soltage, Basalt set up financing vehicle for 200 MW of US solar
New Jersey-based independent power producer Soltage LLC and an equity investment fund of Basalt Infrastructure Partners LP will jointly finance the construction of 200 MW of solar plants in the US.
-- Falck joins Canadian Solar in 195-MW Sicilian PV project
Italy-based Falck Renewables SpA (BIT:FKR) announced it has agreed to acquire 70% of an up to 195-MW Sicilian solar project from Canadian Solar Group.
-- DTE wins regulatory nod to buy 455 MW of Michigan wind farms
DTE Energy Co (NYSE:DTE) has received regulatory clearance to proceed with the proposed acquisition of a 455-MW wind project portfolio in Michigan, the US utility said.
-- John Laing pays GBP 4.3m for Yorkshire HPPs, battery storage
John Laing Environmental Assets Group Ltd (LON:JLEN) said it acquired Yorkshire Hydropower Holdings Ltd (YHHL), the indirect rights holder to two operational hydro-power plants (HPPs) and a battery storage system in the UK.
-- CleanCapital, CarVal buy 75.2 MW of New Jersey solar
Clean energy investment platform CleanCapital LLC said its investment vehicle with CarVal Investors has acquired a 75.2-MW solar portfolio in New Jersey from KDC Solar LLC.
-- PGGM lifts stake in 367-MW Walney offshore wind farm
PGGM Infrastructure Fund has bought Ampere Equity Fund’s 9.9% interest in the 367-MW Walney offshore wind park in the Irish Sea, increasing its own stake to 24.8%.