Weekly renewables M&A round-up (May 30-Jun 3)

Mark Rubens/Shutterstock.com

June 3 (Renewables Now) - Renewables Now covered M&A stories about Acciona Energia, IKEA, RWE, Warburg Pincus and others in the past week. Below is the full list:

-- Acciona Energia invests in French floating wind tech developer Eolink

Spanish renewables company Acciona Energia (BME:ANE) has taken a 24% stake in French floating offshore wind foundations developer Eolink after leading a financing round by Eolink to progress the development and commercialisation of its technology.

Read more: https://renewablesnow.com/news/acciona-energia-invests-in-french-floating-wind-tech-developer-eolink-786438/

-- Helios sells 32 MWp of Swedish solar parks to Solgrid

Sweden’s Helios Nordic Energy AB, a portfolio company of Norwegian renewable energy investor Magnora ASA (OSE:MGN), has sold two solar projects totalling 32 MWp in Sweden to Norwegian independent power producer Solgrid.

Read more: https://renewablesnow.com/news/helios-sells-32-mwp-of-swedish-solar-parks-to-solgrid-786441/

-- Renewable Power Capital snaps up 528-MW wind project portfolio in Sweden

Renewable Power Capital (RPC), a UK-based renewables platform backed by Canada Pension Plan Investment Board (CPP Investments), said it has struck a deal for the acquisition of 528 MW of ready-to-build onshore wind projects in Sweden.

Read more: https://renewablesnow.com/news/renewable-power-capital-snaps-up-528-mw-wind-project-portfolio-in-sweden-786606/

-- Solarwatt buys power electronics firm to boost battery storage business

German solar panel manufacturer Solarwatt GmbH has acquired Dutch power electronics developer REConvert for a single-digit million amount to strengthen its expertise in power electronics for energy storage systems and inverters.

Read more: https://renewablesnow.com/news/solarwatt-buys-power-electronics-firm-to-boost-battery-storage-business-786646/

-- ERG to buy 34 MW of solar farms in Italy from ABN AMRO

Italian energy company ERG SpA (BIT:ERG) announced it is acquiring 33.8 MW of solar power capacity at home from Dutch lender ABN AMRO Bank NV (AMS:ABN) as part of the plan to strengthen its position in Italy's solar market.

Read more: https://renewablesnow.com/news/erg-to-buy-34-mw-of-solar-farms-in-italy-from-abn-amro-786652/

-- IKEA retailer buys 92 MW of Polish wind, solar from OX2

The investment arm of Ingka Group, the biggest retailer in the IKEA franchisee system, has acquired a ready-to-build wind farm and solar park in Poland totalling 92 MW from Swedish developer OX2.

Read more: https://renewablesnow.com/news/ikea-retailer-buys-92-mw-of-polish-wind-solar-from-ox2-786670/

-- AEP unit seeks permits for 999-MW wind, solar purchase from Invenergy

US utility Southwestern Electric Power Company (SWEPCO) is seeking regulatory approval in three US states to expand its portfolio with the purchase of 999 MW of wind and solar projects that are being developed by Chicago-based Invenergy LLC.

Read more: https://renewablesnow.com/news/aep-unit-seeks-permits-for-999-mw-wind-solar-purchase-from-invenergy-786678/

-- ESCO Pacific sheds 125-MWp Aussie solar project to Cimic

Australian renewables developer ESCO Pacific has offloaded its 125-MWp Glenrowan solar project, for which early construction works have just kicked off in the state of Victoria.

Read more: https://renewablesnow.com/news/esco-pacific-sheds-125-mwp-aussie-solar-project-to-cimic-786688/

-- Co-founders of SunPower, SolarCity support recycling platform Solarcycle

Solarcycle Inc, a recently-launched solar system recycling platform, announced it has raised USD 6.6 million in growth funding from a number of investors, including the co-founders of SunPower and SolarCity.

Read more: https://renewablesnow.com/news/co-founders-of-sunpower-solarcity-support-recycling-platform-solarcycle-786694/

-- Nautilus buys 26.2 MW of community solar projects in Maine

Nautilus Solar Energy LLC said it has acquired two community solar portfolios in Maine totalling 26.2 MW from local developer BNRG Maine LLC, a joint venture between BNRG Renewables and Dirigo Solar.

Read more: https://renewablesnow.com/news/nautilus-buys-262-mw-of-community-solar-projects-in-maine-786745/

-- Aussie super fund buys into CIP's wind project off Victoria

Australian building and construction industry super fund Cbus Super has acquired a 10% stake in Copenhagen Infrastructure Partners P/S’ (CIP) Star of the South offshore wind project in Australia.

Read more: https://renewablesnow.com/news/aussie-super-fund-buys-into-cips-wind-project-off-victoria-786826/

-- Germany's Wpd Windmanager buys Deutsche Windtechnik unit

German wind turbine technology specialist Wpd Windmanager Technik GmbH has acquired domestic sector company Deutsche Windtechnik Umspannwerke GmbH to expand its electrical engineering services.

Read more: https://renewablesnow.com/news/germanys-wpd-windmanager-buys-deutsche-windtechnik-unit-786833/

-- Sembcorp buys 658-MW wind, solar portfolio in China

Singapore-based group Sembcorp Industries Ltd (SGX:U96) has finalised the acquisition of a majority stake in a portfolio of 658 MW of wind and solar farms in China, it announced.

Read more: https://renewablesnow.com/news/sembcorp-buys-658-mw-wind-solar-portfolio-in-china-786836/

-- RWE to buy Dutch gas-fired plant from Vattenfall with hydrogen hub in mind

Swedish utility Vattenfall AB is disposing of a Dutch gas-fired power station to raise money for offshore wind investments, while German energy group RWE AG (ETR:RWE) has agreed to buy that particular facility as part of a plan to create a carbon-negative hydrogen hub in the area.

Read more: https://renewablesnow.com/news/rwe-to-buy-dutch-gas-fired-plant-from-vattenfall-with-hydrogen-hub-in-mind-786841/

-- ReNew locks deals for 700 MW-plus of wind, solar in India

Indian renewables company ReNew Power (NASDAQ:RNW) has signed agreements to acquire 527.9 MW of wind and solar farms located in eight states of India, and secured a power purchase agreement (PPA) in Maharashtra, it announced.

Read more: https://renewablesnow.com/news/renew-locks-deals-for-700-mw-plus-of-wind-solar-in-india-786869/

-- SPIC Brasil, Canadian Solar to co-invest in 738-MW portfolio

SPIC Brasil, the local unit of China’s State Power Investment Corporation (SPIC), has acquired a 70% stake in two solar projects with a combined capacity of 738 MWp from Canadian Solar Inc (NASDAQ:CSIQ).

Read more: https://renewablesnow.com/news/spic-brasil-canadian-solar-to-co-invest-in-738-mw-portfolio-786986/

-- Greenbacker invests in commercial solar platform Sunrock DG

Greenbacker Development Opportunities Fund I LP, a middle-market private equity fund managed by Greenbacker Capital Management LLC, has made an investment of an undisclosed amount in commercial solar and storage platform Sunrock Distributed Generation.

Read more: https://renewablesnow.com/news/greenbacker-invests-in-commercial-solar-platform-sunrock-dg-786993/

-- Warburg Pincus eyes backing of USD 1bn in RNG investment via new platform

New York-based growth investor Warburg Pincus LLC has led a USD-320-million equity commitment to full-service renewable natural gas (RNG) platform Viridi Energy, which can handle all parts of the RNG value chain.

Read more: https://renewablesnow.com/news/warburg-pincus-eyes-backing-of-usd-1bn-in-rng-investment-via-new-platform-787005/

-- Actis prepares to sell Africa-focused renewables firms Lekela, BTE - report

Private equity investor Actis is said to be nearing a deal for the sale of a majority stake in pan-African renewables company Lekela and has also put BioTherm Energy (BTE) Renewables on the block, Reuters said, citing sources familiar with the matter.

Read more: https://renewablesnow.com/news/actis-prepares-to-sell-africa-focused-renewables-firms-lekela-bte-report-787015/

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription