Weekly renewables M&A round-up (May 2-6)

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May 6 (Renewables Now) - Renewables Now covered M&A stories about Eaton, Glennmont, Glencore, GE and others in the past week. Below is the full list:

-- Boralex closes EUR-532m stake sale in French renewables ops to EIP

Canadian power company Boralex Inc (TSE:BLX) has finalised the EUR-532-million sale of a 30% stake in its French renewables business to Switzerland-based Energy Infrastructure Partners (EIP), thus securing a long-term partner to support its growth plan for the local market.

Read more: https://renewablesnow.com/news/boralex-closes-eur-532m-stake-sale-in-french-renewables-ops-to-eip-782964/

-- Brazil's Intelbras buys local solar PV equipment maker Renovigi

Brazil's Intelbras SA (BVMF:INTB3), a company focused on solutions in security, networks, communication and energy, has concluded the acquisition of a 100% equity stake in local photovoltaic (PV) equipment manufacturer Renovigi Energia Solar SA.

Read more: https://renewablesnow.com/news/brazils-intelbras-buys-local-solar-pv-equipment-maker-renovigi-782993/

-- Caverion to acquire Finnish wind farm servicing expert WiCo

Finnish building performance specialist Caverion Oyj (HEL:CAV1V) announced it has signed a deal to take over local wind farm servicing firm Wind Controller (WiCo) for an undisclosed amount, thus entering the wind power sector.

Read more: https://renewablesnow.com/news/caverion-to-acquire-finnish-wind-farm-servicing-expert-wico-783010/

-- Eaton invests in Chinese circuit breaker business

Power management company Eaton (NYSE:ETN) has agreed to buy a 50% interest in the circuit breaker production business of Chinese electrical equipment maker Jiangsu Huineng Electric Co Ltd.

Read more: https://renewablesnow.com/news/eaton-invests-in-chinese-circuit-breaker-business-783014/

-- Greencoat buys 42-MW biomass plant in UK from Glennmont

Funds managed by Greencoat Capital have agreed to acquire a 41.8-MW biomass power plant in South Wales from Glennmont Partners, the parties announced.

Read more: https://renewablesnow.com/news/greencoat-buys-42-mw-biomass-plant-in-uk-from-glennmont-783066/

-- Spain's Greenalia receives delisting offer

Major shareholders of Spanish renewables developer Greenalia SA (BME:GRN) have expressed interest in buying out the remaining stock and delisting the company from the BME Growth segment of Spain’s stock exchange.

Read more: https://renewablesnow.com/news/spains-greenalia-receives-delisting-offer-783115/

-- Galp to buy 4.8 GWp of solar, wind projects in Brazil

Portuguese energy group Galp Energia SGPS SA (ELI:GALP) announced it has agreed to acquire a portfolio of solar and wind projects in Brazil with a combined capacity of 4.8 GWp.

Read more: https://renewablesnow.com/news/galp-to-buy-48-gwp-of-solar-wind-projects-in-brazil-783149/

-- Enbridge invests in pipeline tech supporting hydrogen transportation

Canada-based energy infrastructure company Enbridge Inc (TSE:ENB) has invested USD 6.6 million in Smartpipe Technologies, which has created innovative pipeline technology that improves safety and enables the transportation of hydrogen.

Read more: https://renewablesnow.com/news/enbridge-invests-in-pipeline-tech-supporting-hydrogen-transportation-783154/

-- Insolvent Green City could be sold by end-May

The insolvency administration of Green City AG is in talks with a small group of strategic investors and a deal for the sale of the struggling German renewables developer is expected by the end of May.

Read more: https://renewablesnow.com/news/insolvent-green-city-could-be-sold-by-end-may-783156/

-- Helios sells 69 MWp of Swedish solar projects to Commerz Real

Sweden’s Helios Nordic Energy AB, a portfolio company of Norwegian renewable energy investor Magnora ASA (OSE:MGN), has struck a deal to offload 69 MWp of solar projects in Sweden to a fund managed by German investment manager Commerz Real AG.

Read more: https://renewablesnow.com/news/helios-sells-69-mwp-of-swedish-solar-projects-to-commerz-real-783237/

-- Eurus Energy to invest in large-scale green H2 project in NSW

Japanese renewables company Eurus Energy is set to join Australian advisory firm Energy Estate in the development of a AUD-2-billion project to build a green hydrogen production hub in New South Wales.

Read more: https://renewablesnow.com/news/eurus-energy-to-invest-in-large-scale-green-h2-project-in-nsw-783242/

-- Anesco buys German renewables firm Aeos in market debut

UK solar and storage developer Anesco Ltd announced its arrival in the German market after acquiring local renewables specialist Aeos Energy and launching Anesco Germany.

Read more: https://renewablesnow.com/news/anesco-buys-german-renewables-firm-aeos-in-market-debut-783350/

-- India's NTPC could offload stake in renewables business - report

Indian state-run energy company NTPC Ltd (BOM:532555) is looking to raise around INR 20 billion by selling a stake in its renewable energy business, according to local media reports.

Read more: https://renewablesnow.com/news/indias-ntpc-could-offload-stake-in-renewables-business-report-783356/

-- Blue Elephant buying 4 MW of Italian solar parks

German solar and wind farm operator Blue Elephant Energy AG has sealed a deal to acquire a 4-MW solar park portfolio in Italy in a move that will boost its total installed capacity in the country to 72 MW.

Read more: https://renewablesnow.com/news/blue-elephant-buying-4-mw-of-italian-solar-parks-783413/

-- Altius Renewable Royalties JV invests in 1.5-GW renewables portfolio

Great Bay Renewables LLC has agreed to make a USD-32.5-million investment into a recently established renewables development platform Bluestar Energy Capital LLC.

Read more: https://renewablesnow.com/news/altius-renewable-royalties-jv-invests-in-15-gw-renewables-portfolio-783414/

-- Downing Renewables to buy duo of run-of-river HPPs in Sweden

Downing Renewables & Infrastructure Trust Plc (LON:DORE) said it has agreed the acquisition of a portfolio of run-of-river hydropower plants (HPPs) in Sweden with a combined annual power output of roughly 18 GWh.

Read more: https://renewablesnow.com/news/downing-renewables-to-buy-duo-of-run-of-river-hpps-in-sweden-783422/

-- FFI, Teslin invest in flexible PV modules maker HyET Solar

Dutch investment fund Teslin Participaties has joined Fortescue Future Industries (FFI) in providing growth capital to HyET Solar, a Dutch developer of flexible and lightweight solar photovoltaic (PV) technology.

Read more: https://renewablesnow.com/news/ffi-teslin-invest-in-flexible-pv-modules-maker-hyet-solar-783442/

-- Mexico's Solarever hires consultancy to get ready for IPO

Solarever Ltd, a solar energy and electric vehicle (EV) company in Mexico, has hired a business and financial consulting services provider to help it explore and prepare for an initial public offering (IPO).

Read more: https://renewablesnow.com/news/mexicos-solarever-hires-consultancy-to-get-ready-for-ipo-783473/

-- Glencore to invest USD 200m in battery recycler Li-Cycle

Commodities group Glencore plc (LON:GLEN) and Toronto-based lithium-ion battery recycler Li-Cycle Holdings Corp (NYSE:LICY) have formed a strategic partnership that will see Glencore subscribe for USD 200 million of convertible debt in Li-Cycle.

Read more: https://renewablesnow.com/news/glencore-to-invest-usd-200m-in-battery-recycler-li-cycle-783530/

-- NatPower sells 22-MWp solar PV portfolio in Italy to Theia

Renewables developer NatPower has sold a 22-MWp solar photovoltaic (PV) portfolio in Italy to Theia Investments for an undisclosed amount.

Read more: https://renewablesnow.com/news/natpower-sells-22-mwp-solar-pv-portfolio-in-italy-to-theia-783546/

-- Greenbacker buys 50 MW of NY solar projects from Hecate

Sustainable infrastructure investor Greenbacker Renewable Energy Company LLC (GREC) said it has acquired utility-scale solar projects totalling 50 MW, all located in Greene County, in the state of New York.

Read more: https://renewablesnow.com/news/greenbacker-buys-50-mw-of-ny-solar-projects-from-hecate-783555/

-- Greenbacker buys 55-MW wind farm in New York from BlackRock fund

Sustainable infrastructure investor Greenbacker Renewable Energy Company LLC (GREC) said it has acquired a 55.4-MW wind farm in New York from BlackRock Global Renewable Power Fund II.

Read more: https://renewablesnow.com/news/greenbacker-buys-55-mw-wind-farm-in-new-york-from-blackrock-fund-783577/

-- Germany's Wpd agrees sale of offshore wind business

German renewables developer Wpd AG has struck a deal to divest its offshore wind operations to New York-based fund manager Global Infrastructure Partners (GIP) and plans to focus on the expansion of its onshore wind and solar business.

Read more: https://renewablesnow.com/news/germanys-wpd-agrees-sale-of-offshore-wind-business-783587/

-- Eversource weighing stake sale in US offshore wind JV with Ørsted

New England utility Eversource Energy (NYSE:ES) will consider the potential divestment of its 50% stake in a joint venture with Denmark’s Ørsted A/S (CPH:ORSTED) as part of a strategic review of its offshore wind investments.

Read more: https://renewablesnow.com/news/eversource-weighing-stake-sale-in-us-offshore-wind-jv-with-rsted-783603/

-- GE Renewable Energy buys into Danish 3D printing expert COBOD

GE Renewable Energy has acquired a minority stake of an undisclosed size in existing partner COBOD International to gain additional access to its 3D printing technology for the purpose of developing new production methods for wind turbine towers.

Read more: https://renewablesnow.com/news/ge-renewable-energy-buys-into-danish-3d-printing-expert-cobod-783623/

-- Engie Brasil to acquire 882-MW wind project in Bahia

Brazilian energy company Engie Brasil Energia SA (BMVF:EGIE3) said its board of directors has approved the acquisition of development rights to the 882-MW Serra do Assurua wind project in Bahia state.

Read more: https://renewablesnow.com/news/engie-brasil-to-acquire-882-mw-wind-project-in-bahia-783639/

-- US Darling Ingredients to buy Brazilian Fasa Group

US company Darling Ingredients Inc (NYSE:DAR) announced a definitive agreement to acquire Brazilian independent rendering firm Fasa Group for about BRL 2.8 billion in cash.

Read more: https://renewablesnow.com/news/us-darling-ingredients-to-buy-brazilian-fasa-group-783658/

-- EWZ to buy Ostwind's share in 173 MW of French onshore wind projects

EWZ (Deutschland) GmbH will take full ownership of a 173-MW onshore wind portfolio in France that the utility has been jointly developing with French wind project developer Ostwind International SAS for about two years.

Read more: https://renewablesnow.com/news/ewz-to-buy-ostwinds-share-in-173-mw-of-french-onshore-wind-projects-783664/

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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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