Weekly renewables M&A round-up (Mar 7-11)

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March 11 (Renewables Now) - Renewables Now covered M&A stories about Macquarie, Ares, LanzaTech, Albioma and others in the past week. Below is the full list:

-- Japanese trio snaps up GIG's stake in Taiwan's 1st offshore wind park

Japanese shipping company Mitsui OSK Lines Ltd (TYO:9104), or MOL, and compatriots Toho Gas Co Ltd (TYO:9533) and Hokuriku Electric Power Co (TYO:9505) will collectively buy a 25% stake in the owner of the 128-MW Formosa 1 offshore wind farm off Taiwan.

Read more: https://renewablesnow.com/news/japanese-trio-snaps-up-gigs-stake-in-taiwans-1st-offshore-wind-park-775885/

-- Brazil's Equatorial closes buy of renewables platform from Actis investors

Brazilian energy company Equatorial Energia SA (BVMF: EQTL3) announced it has completed the takeover of Sao Paulo-based renewable energy firm Echoenergia Participacoes SA.

Read more: https://renewablesnow.com/news/brazils-equatorial-closes-buy-of-renewables-platform-from-actis-investors-775903/

-- Macquarie-led group strikes EUR-2.5bn deal to acquire Reden Solar

A consortium led by Macquarie Asset Management has agreed to take over European independent solar power producer Reden Solar at an enterprise value of EUR 2.5 billion.

Read more: https://renewablesnow.com/news/macquarie-led-group-strikes-eur-25bn-deal-to-acquire-reden-solar-775943/

-- Innergex formally disposes of stake in 204-MW wind farm in Texas

Canadian power producer Innergex Renewable Energy Inc (TSE:INE) confirmed it has sold its 50% stake in the 204-MW Shannon wind farm in the US state of Texas.

Read more: https://renewablesnow.com/news/innergex-formally-disposes-of-stake-in-204-mw-wind-farm-in-texas-775969/

-- Renewables-focused Lundin sees free cash flow generation from late 2023

Sweden-based Lundin Energy AB (STO:LUNE) presented more details about its new renewables-focused structure, saying that the company expects to start generating free cash flow from late 2023 onwards.

Read more: https://renewablesnow.com/news/renewables-focused-lundin-sees-free-cash-flow-generation-from-late-2023-775983/

-- Ares funds lead USD-600m investment in SB Energy

Funds managed by the Infrastructure and Power strategy of Ares Management Corp (NYSE:ARES) are leading a strategic equity investment of up to USD 600 million in US renewables platform SB Energy Global LLC.

Read more: https://renewablesnow.com/news/ares-funds-lead-usd-600m-investment-in-sb-energy-776003/

-- NTR renewable fund buys 21.6-MW wind project from RES

Dublin-based infrastructure investor and asset manager NTR has acquired a 21.6-MW wind project in Northern Ireland from the UK’s RES Group for an undisclosed sum.

Read more: https://renewablesnow.com/news/ntr-renewable-fund-buys-216-mw-wind-project-from-res-776039/

-- Spanish solar installer EiDF acquires power, gas retailer at home

Spanish solar PV installer Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) said it signed an agreement to acquire Seville-based power and gas retailer and energy efficiency consultancy Grupo ODF in a EUR-30-million deal.

Read more: https://renewablesnow.com/news/spanish-solar-installer-eidf-acquires-power-gas-retailer-at-home-776070/

-- Sonnedix buys Poland's Sun Power Energy, gains 1-GW solar pipeline

Sonnedix Power Holdings Ltd has acquired Warsaw-based solar photovoltaic (PV) developer Sun Power Energy, gaining close to a 1-GW development pipeline across Poland.

Read more: https://renewablesnow.com/news/sonnedix-buys-polands-sun-power-energy-gains-1-gw-solar-pipeline-776076/

-- Green Era buys USD-440m stake in Indonesian geothermal co Star Energy

Green Era Pte Ltd, a Singapore-based renewables investment arm of the Pangestu family, has closed the acquisition of a minority stake in geothermal-focused holding company Star Energy Group Holdings Pte Ltd for USD 440 million.

Read more: https://renewablesnow.com/news/green-era-buys-usd-440m-stake-in-indonesian-geothermal-co-star-energy-776128/

-- ION Solar lands investment from PE firms, Blackstone Credit

US rooftop solar sales and installations provider ION Solar LLC announced it has secured an investment of an undisclosed amount, led by middle-market private equity firm Greenbelt Capital Partners.

Read more: https://renewablesnow.com/news/ion-solar-lands-investment-from-pe-firms-blackstone-credit-776171/

-- Eurowind snaps up 325 MW of Danish onshore wind projects from Vattenfall

Danish wind and solar park operator Eurowind Energy A/S has struck a deal to acquire a 325-MW portfolio of onshore wind development projects in its home country from Swedish utility Vattenfall AB.

Read more: https://renewablesnow.com/news/eurowind-snaps-up-325-mw-of-danish-onshore-wind-projects-from-vattenfall-776198/

-- Omega to take over Assarua renewables complex in Brazil

Brazilian energy company Omega Energia SA (BVMF:MEGA3) said it has signed a binding agreement to take full control of the gigawatt-scale Assurua renewable energy scheme.

Read more: https://renewablesnow.com/news/omega-to-take-over-assarua-renewables-complex-in-brazil-776257/

-- Carbon transformation specialist LanzaTech to go public via SPAC merger

Carbon Capture and Transformation (CCT) company LanzaTech NZ Inc has agreed to go public through a merger with a special purpose acquisition company (SPAC) sponsored by an affiliate of the AMCI group.

Read more: https://renewablesnow.com/news/carbon-transformation-specialist-lanzatech-to-go-public-via-spac-merger-776276/

-- Greenvolt acquires half of 243-MW solar portfolio in Portugal

Portuguese renewables company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has inked a deal to buy a 50% stake in a 243-MW Portuguese solar portfolio currently under development by Infraventus.

Read more: https://renewablesnow.com/news/greenvolt-acquires-half-of-243-mw-solar-portfolio-in-portugal-776278/

-- Albioma confirms holding preliminary talks with KKR

French independent renewable energy producer Albioma SA (EPA:ABIO) announced it is holding preliminary talks with KKR & Co Inc (NYSE:KKR), thus confirming a media report claiming that the private equity firm is pursuing a potential acquisition of the company.

Read more: https://renewablesnow.com/news/albioma-confirms-holding-preliminary-talks-with-kkr-776290/

-- Verbund buys 70% of 171 MW wind, solar portfolio in Spain

Austrian power producer Verbund AG (VIE:VER) said it has acquired 70% of a portfolio of five wind and solar projects in Spain with a combined capacity of 171 MW from local project developer Capital Energy.

Read more: https://renewablesnow.com/news/verbund-buys-70-of-171-mw-wind-solar-portfolio-in-spain-776350/

-- Japan's Eneos invests in 57 MW of solar plants

Japanese oil company Eneos Corp, a unit of Eneos Holdings Inc (TYO:5020), together with compatriot Mizuho Leasing Co Ltd (TYO:8425), is investing in four solar power plants in Japan with a combined capacity of 56.9 MW.

Read more: https://renewablesnow.com/news/japans-eneos-invests-in-57-mw-of-solar-plants-776585/

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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