- Press Releases
June 17 (Renewables Now) - Renewables Now covered M&A stories about Rio Tinto, Chevron, BP, Ørsted and others in the past week. Below is the full list:
-- NiSource raises USD 350m from bond issue to fund wind purchases
Indiana-based fully-regulated utility NiSource Inc (NYSE:NI) has closed a USD-350-million green bond issuance with plans to invest the raised sum to finance the acquisition of eligible renewable energy projects in its home state.
Read more: https://renewablesnow.com/news/nisource-raises-usd-350m-from-bond-issue-to-fund-wind-purchases-787922/
-- Rio Tinto injects USD 10m in Canadian battery developer Nano One
Anglo-Australian mining giant Rio Tinto Plc (ASX:RIO) has invested USD 10 million in equity in Canadian battery developer Nano One and agreed a broader partnership that will see it supply iron and lithium products to its British Columbia-based partner.
Read more: https://renewablesnow.com/news/rio-tinto-injects-usd-10m-in-canadian-battery-developer-nano-one-787927/
-- TotalEnergies, Adani to make India home to world's largest green H2 ecosystem
French multi-energy group TotalEnergies SE (EPA:TTE) has agreed to buy a 25% stake in India’s Adani New Industries Ltd (ANIL) in a move to create what they say would be "the largest green hydrogen ecosystem in the world," underpinned by 30 GW of renewables.
Read more: https://renewablesnow.com/news/totalenergies-adani-to-make-india-home-to-worlds-largest-green-h2-ecosystem-788066/
-- PPC to snap up Volterra's 112-MW renewables portfolio in Greece
Greek power utility PPC SA (ATH:PPC) has sealed a binding agreement to acquire the 112-MW renewable energy portfolio of Volterra AE, the energy division of Greek construction group Avax.
Read more: https://renewablesnow.com/news/ppc-to-snap-up-volterras-112-mw-renewables-portfolio-in-greece-788067/
-- Chevron wraps up Renewable Energy Group's acquisition
US energy giant Chevron (NYSE:CVX) said it has closed the acquisition of domestic biodiesel firm Renewable Energy Group Inc (NASDAQ:REGI), or REG, in a deal valued at about USD 3.15 billion.
Read more: https://renewablesnow.com/news/update-chevron-wraps-up-renewable-energy-groups-acquisition-788070/
-- Aker Horizons preps to close in-house mergers on June 17
Aker Horizons ASA (OSE:AKH), controlled by Norway’s Aker ASA (OSE:AKER), is getting ready to wrap up its previously disclosed merger plans for Aker Offshore Wind AS (AOW) and Aker Clean Hydrogen AS (ACH).
Read more: https://renewablesnow.com/news/aker-horizons-preps-to-close-in-house-mergers-on-june-17-788072/
-- Trafigura backs long-duration energy storage developer Malta
Physical commodities trader Trafigura Group Pte Ltd has made an investment of an undisclosed amount in Malta Inc, the developer of grid-scale, long-duration energy storage.
Read more: https://renewablesnow.com/news/trafigura-backs-long-duration-energy-storage-developer-malta-788104/
-- Greenalia shareholders approve delisting offer
Spanish renewables group Greenalia SA (BME:GRN) said its shareholders had approved the offer to sell their stock to two major share owners and delist the company.
Read more: https://renewablesnow.com/news/greenalia-shareholders-approve-delisting-offer-788112/
-- Atlas seeks off-taker for newly-purchased Brazilian wind project
Atlas Renewable Energy confirmed it is acquiring a 378-MW wind project in Brazil from French energy producer Voltalia SA (EPA:VLTSA) for an undisclosed amount.
Read more: https://renewablesnow.com/news/update-atlas-seeks-off-taker-for-newly-purchased-brazilian-wind-project-788188/
-- Eolus, Hydro REIN close sale of majority in 260-MW wind project
Eolus Vind AB (STO:EOLU-B) and Hydro REIN have formally transferred a combined interest of 75% in the 260-MW Stor-Skälsjön wind project in Sweden to MEAG.
Read more: https://renewablesnow.com/news/eolus-hydro-rein-close-sale-of-majority-in-260-mw-wind-project-788218/
-- BP unveils deal to buy into 26-GW Asian Renewable Energy Hub
British oil and gas major BP Plc (LON:BP) has clinched a deal to buy a 40.5% stake in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, and will become its operator, it said.
Read more: https://renewablesnow.com/news/bp-unveils-deal-to-buy-into-26-gw-asian-renewable-energy-hub-788220/
-- GE unit acquires minority stake in 148-MW wind project in India
GE Energy Financial Services has purchased a 49% interest in a 148.5-MW onshore wind project in the Indian state of Gujarat owned and developed by Continuum Green Energy.
Read more: https://renewablesnow.com/news/ge-unit-acquires-minority-stake-in-148-mw-wind-project-in-india-788240/
-- United Airlines invests in SAF outfit Dimensional Energy
United Airlines Inc, together with United Airlines Ventures (UAV), announced an investment in Ithaca, New York-based carbon dioxide (CO2) utilisation company Dimensional Energy as part of efforts towards reaching net zero emissions by 2050.
Read more: https://renewablesnow.com/news/united-airlines-invests-in-saf-outfit-dimensional-energy-788348/
-- Ørsted negotiating takeover of onshore wind developer Ostwind
Danish offshore wind developer Ørsted (CPH:ORSTED) announced it is holding late-stage negotiations in relation to the potential takeover of Ostwind AG, which develops and builds onshore wind farms in Germany and France.
Read more: https://renewablesnow.com/news/rsted-negotiating-takeover-of-onshore-wind-developer-ostwind-788386/
-- Spain's Audax welcomes IKAV as partner on its 230-MWp solar portfolio
Spanish renewable power and gas supplier Audax Renovables SA (BME:ADX) has signed several agreements with investment fund IKAV to let the Hamburg-based firm become its partner in some 230 MWp worth of solar ventures in Spain.
Read more: https://renewablesnow.com/news/spains-audax-welcomes-ikav-as-partner-on-its-230-mwp-solar-portfolio-788407/
-- Neo Energy sells 73-MW Polish wind project to ZE PAK unit
Polish renewable energy developer Neo Energy Group has offloaded a 72.6-MW wind farm project in Poland to compatriot PAK-Polska Czysta Energia in a deal estimated at PLN 236 million.
Read more: https://renewablesnow.com/news/neo-energy-sells-73-mw-polish-wind-project-to-ze-pak-unit-788472/
-- Recurrent Energy snaps up 400 MWh of storage projects in ERCOT market
Recurrent Energy LLC, owned by Canadian Solar Inc (NASDAQ:CSIQ), has acquired a portfolio of 400 MWh of battery energy storage projects that are planned to begin operations in 2024.
Read more: https://renewablesnow.com/news/recurrent-energy-snaps-up-400-mwh-of-storage-projects-in-ercot-market-788476/
-- Italy's Enel clinches deal to get rid of Russian business
Italian electric utility and major renewables player Enel SpA (BIT:ENEL) has struck a couple of agreements to fully exit its subsidiary in Russia for an overall consideration of about EUR 137 million.
Read more: https://renewablesnow.com/news/italys-enel-clinches-deal-to-get-rid-of-russian-business-788480/
-- Octopus Renewables buys 68-MW UK solar project, plans batteries
Octopus Renewables Infrastructure Trust Plc (LON:ORIT) said it has acquired a 68-MW shovel-ready solar project in Cambridgeshire and separately signed a deal to buy a 50% stake in a 12-MW/24-MWh ready-to-build battery storage project in Bedfordshire.
Read more: https://renewablesnow.com/news/octopus-renewables-buys-68-mw-uk-solar-project-plans-batteries-788516/