Weekly renewables M&A round-up (May 9-13)

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May 13 (Renewables Now) - Renewables Now covered M&A stories about European Energy, Siemens Gamesa, Fortum, BP and others in the past week. Below is the full list:

-- Capital Dynamics buys 18-MW solar project in Italy

Switzerland-based asset management firm Capital Dynamics announced on Friday that it has acquired an 18-MW shovel-ready and subsidy-free solar project in Sicily from Italy’s Solar Ventures Srl.

Read more: https://renewablesnow.com/news/capital-dynamics-buys-18-mw-solar-project-in-italy-783731/

-- Austria's Verbund buying 4.5-GW solar, wind platform in Spain

Austrian power producer Verbund AG (VIE:VER) said it has acquired 82 MWp of operating solar parks in Spain and a development platform filled with some 4,500 MW of renewable energy projects in the Iberian country.

Read more: https://renewablesnow.com/news/austrias-verbund-buying-45-gw-solar-wind-platform-in-spain-783781/

-- NextEnergy Solar co-invests in 210-MW solar project in Portugal

NextEnergy Solar Fund Ltd (LON:NESF), the listed investment company managed by NextEnergy Capital Group, said it has inked its second co-investment deal abroad for a 13% stake in a 210-MW solar project in Portugal.

Read more: https://renewablesnow.com/news/nextenergy-solar-co-invests-in-210-mw-solar-project-in-portugal-783785/

-- Polaris back to profit in Q1 2022, buys more LatAm renewables

Canadian renewables company Polaris Infrastructure Inc (TSE:PIF) returned to profit in the first quarter of 2022, posting net attributable earnings of USD 2.5 million compared to a USD-0.9-million loss in the same period a year back.

Polaris also announced several transactions that occurred after the reporting period.

Read more: https://renewablesnow.com/news/polaris-back-to-profit-in-q1-2022-buys-more-latam-renewables-783789/

-- Spanish power retailer Holaluz buys OVO Energy Spain customer portfolio

Spanish renewable power retailer Holaluz Clidom SA (BME:HLZ) announced it has acquired the customer portfolio of peer OVO Energy Spain, a subsidiary of UK independent power provider OVO Energy.

Read more: https://renewablesnow.com/news/spanish-power-retailer-holaluz-buys-ovo-energy-spain-customer-portfolio-783797/

-- Aker Horizons closes USD-145m REC Silicon stake sale to Hanwha

Aker Horizons ASA (OSE:AKH) has completed the previously announced sale of its remaining shares in Norway-based polysilicon and silicon gas producer REC Silicon ASA to South Korea’s Hanwha Group.

Read more: https://renewablesnow.com/news/aker-horizons-closes-usd-145m-rec-silicon-stake-sale-to-hanwha-783946/

-- HydrogenOne invests GBP 20m in solid oxide fuel cell firm Elcogen

London-listed fund HydrogenOne Capital Growth plc (LON:HGEN) said it has agreed to invest GBP 20 million in Elcogen Plc, a provider of solid oxide fuel cells and stacks with activities in Estonia and Finland.

Read more: https://renewablesnow.com/news/hydrogenone-invests-gbp-20m-in-solid-oxide-fuel-cell-firm-elcogen-783954/

-- Brazil's Energisa buys 5 MWp of solar DG systems

Brazilian electricity distributor Energisa SA (BVMF:ENGI11) announced it has finalised the acquisition of two companies that together own a pair of solar distributed generation (DG) systems with a combined capacity of 5 MWp.

Read more: https://renewablesnow.com/news/brazils-energisa-buys-5-mwp-of-solar-dg-systems-784001/

-- Israel's Nofar Energy plans to invest 300 mln euro in RES in Romania in 2023-2024

Israel's Nofar Energy is looking to develop or acquire wind and solar projects in Romania where it plans to invest over EUR 300 million in the following two years.

Read more: https://renewablesnow.com/news/israels-nofar-energy-plans-to-invest-300-mln-euro-in-res-in-romania-in-2023-2024-784006/

-- CEE Group buys 13.8-MW German onshore wind project

German investment company CEE Group has acquired a 13.8-MW wind project in the north of the state of Baden-Wuerttemberg from renewables developer ABO Wind AG (ETR:AB9).

Read more: https://renewablesnow.com/news/cee-group-buys-138-mw-german-onshore-wind-project-784089/

-- Arcadia closes USD-200m funding round led by JP Morgan unit

Arcadia, a US-based technology company that manages community solar assets and provides companies with utility data, has raised USD 200 million in a funding round led by JP Morgan Asset Management’s Sustainable Growth Equity Team.

Read more: https://renewablesnow.com/news/arcadia-closes-usd-200m-funding-round-led-by-jp-morgan-unit-784129/

-- Bluefield Solar buys 93.2-MW solar and wind portfolio in UK

Bluefield Solar Income Fund Ltd (LON:BSIF) said it has acquired a 93.2-MWp portfolio of operational solar and wind assets in the UK from an unnamed UK-based fund manager for an equity consideration of GBP 112.4 million.

Read more: https://renewablesnow.com/news/bluefield-solar-buys-932-mw-solar-and-wind-portfolio-in-uk-784145/

-- Denmark's European Energy mulls selling 10% stake - report

Danish renewables developer European Energy A/S has hired a financial advisor to help it sell a 10% stake in the company, Bloomberg reported, quoting people familiar with the matter.

Read more: https://renewablesnow.com/news/denmarks-european-energy-mulls-selling-10-stake-report-784280/

-- Siemens Energy not planning to exit Siemens Gamesa

Siemens Energy AG (ETR:ENR) is not planning to sell its majority stake in loss-making wind turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE), chief executive Christian Bruch said.

Read more: https://renewablesnow.com/news/siemens-energy-not-planning-to-exit-siemens-gamesa-784304/

-- Fortum getting ready to leave Russia

Finnish state-controlled utility Fortum Oyj (HEL:FORTUM) has decided to pursue “a controlled exit” from Russia, including potential disposal of its local operations, due to the war in Ukraine.

Read more: https://renewablesnow.com/news/fortum-getting-ready-to-leave-russia-784390/

-- Solar plants divestment frees India's Rays Power of all debt

Indian solar plant builder Rays Power Infra Pvt Ltd has disposed of solar parks to two unnamed global investors for a total sum exceeding INR 7 billion, the Press Trust of India (PTI) reported, quoting a company statement.

Read more: https://renewablesnow.com/news/solar-plants-divestment-frees-indias-rays-power-of-all-debt-784443/

-- Axium Infrastructure buys US solar developer BlueWave

A fund managed by Axium Infrastructure has taken over Boston-based solar and energy storage developer BlueWave to help it grow and also maintain long-term ownership of its development assets.

Read more: https://renewablesnow.com/news/axium-infrastructure-buys-us-solar-developer-bluewave-784447/

-- GIG's Corio, Ontario Teachers’ pursuing 9-GW offshore wind JV

Corio Generation has joined hands with Ontario Teachers’ Pension Plan Board in an alliance that aims to finance the development of up to 9 GW of offshore wind projects globally.

Read more: https://renewablesnow.com/news/gigs-corio-ontario-teachers-pursuing-9-gw-offshore-wind-jv-784473/

-- BP seeks to buy into 26-GW Asian Renewable Energy Hub - report

BP Plc (LON:BP) is planning to buy “a major stake” in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, The Australian reported.

Read more: https://renewablesnow.com/news/bp-seeks-to-buy-into-26-gw-asian-renewable-energy-hub-report-784478/

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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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