Weekly renewables M&A round-up (Nov 18-22)

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November 25 (Renewables Now) - Renewables Now covered M&A stories related to TerraForm Power, BluEarth Renewables, Eni and others last week. Below is the full list of deals:

-- Recurrent Energy closes sale of 102-MWp solar park to NextEnergy Capital

US renewables company Recurrent Energy LLC has completed the sale of a 99% stake in a 74.8-MW solar park in North Carolina’s Cabarrus County to NextEnergy Capital.

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-- TerraForm Power to buy 100 MW of Spanish CSP

US renewable power producer TerraForm Power Inc (NASDAQ:TERP) has agreed to acquire two concentrated solar power (CSP) plants in Spain with a combined capacity of about 100 MW.

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-- Huaneng to buy GCL New Energy parks in China

China Huaneng Group will not be buying a majority stake in solar power producer GCL New Energy Holdings Ltd (HKG:0451), or GNE, as previously expected, but it may acquire from the latter solar parks in China.

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-- B.Grimm to acquire 30-MW solar PV project in Cambodia

Thai company B.Grimm Power PCL (SET:BGRIM) has agreed to purchase a 30-MW solar photovoltaic (PV) project under development in Cambodia.

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-- Qatar's Nebras buys 9.9% stake in owner of 105-MW solar project in Oman

Qatar-based energy company Nebras Power QPSC has bought a 9.9% stake in the company behind an up to 105-MW photovoltaic (PV) project under construction in Oman, it said.

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-- FMO buys stake in 55-MW PV project in Ukraine

Dutch development bank FMO has agreed to acquire a 40% equity stake in a 55-MW Ukrainian solar project of Oslo-based green energy firm Scatec Solar ASA (OSL:SSO).

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-- Macquarie takes control of UK biogas producer BioCow

Macquarie Capital Principal Finance said it had completed the purchase of a majority stake in UK biogas producer BioCow.

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-- Sonnedix purchases 4.9 MW of operating PV in Japan

Independent solar power producer Sonnedix Power Holdings Ltd said that it has acquired, through Sonnedix Japan KK, two Japanese solar plants with a combined capacity of 4.9 MW.

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-- DIF closes takeover of BluEarth Renewables

Dutch infrastructure fund manager DIF Capital Partners has wrapped up its takeover of Canadian power producer BluEarth Renewables LP from Ontario Teacher's Pension Plan.

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-- Dutch Essent to acquire green energy marketplace Vandebron

Dutch energy company Essent NV said it has agreed to purchase local renewable energy marketplace Vandebron for an undisclosed amount.

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-- Eni's retail unit to buy 70% of Italian solar DG firm Evolvere

Eni gas e luce, owned by Italian oil and gas major Eni SpA (BIT:ENI), said it has agreed to buy a 70% stake in local distributed generation (DG) solar firm Evolvere SpA for an undisclosed amount.

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-- New Energy Solar looks to divest stakes in 325 MW of US solar assets

Australian investment company New Energy Solar Ltd (ASX:NEW) announced plans to sell a 50% stake in the 200-MW Mount Signal 2 solar farm in California and a 49% interest in the 124.8-MW Boulder plant in Nevada.

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-- Greenfield Global, Hy2Gen to set up 29-MW green hydrogen plant in Quebec

Canadian ethanol producer Greenfield Global Inc and Hy2gen Canada announced plans for a 50/50 joint venture to build a 29-MW green hydrogen production facility in Quebec.

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-- J-Power renews plans to invest in Genex's 250-MW Aussie hydro storage project

Genex Power Ltd (ASX:GNX) has signed an agreement with Electric Power Development Co Ltd, known as J-Power, that confirms the Japanese firm’s commitment to buy an equity stake in the 250-MW K2 pumped storage hydro project in Queensland.

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-- Origis Energy offloads 41-MW of solar plants in Italy, Slovakia to VEI-Foresight JV

Florida-based Origis Energy USA said it had sold 41 MW in solar power capacity in Italy and Slovakia to ForVEI II, the joint venture between VEI Green Srl and  Foresight Group LLP, for an undisclosed amount.

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-- India's Mahindra receives binding offers for 160 MW of solar assets - report

Indian engineering, procurement and construction (EPC) group Mahindra Susten Pvt, part of Mahindra Group, has received binding offers for a 160-MW solar portfolio from renewable energy developer CLP India Pvt Ltd and conglomerate Piramal Group, the Mint reported, citing people in the know.

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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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