Weekly renewables M&A round-up (Oct 15-22)

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October 22 (Renewables Now) - Renewables Now covered M&A stories related to Hanwha Q Cells, Scottish Power, Ørsted and Iberdrola over the past seven days. Below is the full list of deals:

-- Active Energy forms JV to instal 3 CoalSwitch units in US

Active Energy Group Plc (LON:AEG) said it has set up a joint venture (JV) with Georgia Renewable Power LLC (GRP) of the US that will install facilities to produce AEG's CoalSwitch biomass fuel at GRP's power plants.

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-- Velocys holds investment talks for Mississippi biorefinery

UK-based renewable fuels start-up Velocys Plc (LON:VLS) is holding talks with some parties interested in investing in its Bayou Fuels biorefinery project in the US state of Mississippi.

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-- Hanwha Q Cells agrees to go private at USD-825m equity valuation

Hanwha Q Cells Co Ltd (NASDAQ:HQCL) has agreed to be acquired and delisted by a unit of Hanwha Chemical Corp (KRX:009830) at a total equity value for the company of about USD 825 million.

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-- ScottishPower goes 100% wind with sale of 2.6-GW portfolio to Drax

Scottish Power Ltd is selling its traditional generation assets to focus solely on wind power, becoming the first vertically integrated UK energy company to quit coal and gas generation.

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-- US mutual fund cuts Ørsted stake to less than 5%

US-registered mutual fund EuroPacific Growth Fund (EUPAC) has reduced its stake in Danish offshore wind giant Ørsted A/S (CPH:ORSTED) to about 4.8739%.

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-- ContourGlobal in talks to buy 50-MW CSP plant from Iberdrola

ContourGlobal Plc (LON:GLO) confirmed it has been in talks with Iberdrola SA (BME:IBE) to buy from the Spanish utility a 50-MW concentrated solar power (CSP) plant in Spain.

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-- Capital Dynamics buying into 28.5-MW wind farm in Scotland

Switzerland-based asset manager Capital Dynamics announced it has agreed to acquire a 50% interest in a 28.5-MW wind farm in Scotland from GE Energy Financial Services.

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-- Vaisala buying French wind LiDARs maker Leosphere

Finnish environmental and industrial measurement specialist Vaisala Corp (HEL:VAIAS) said it is acquiring Leosphere SAS, a French company that makes LiDAR equipment for wind farms.

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-- Hecate Energy, InfraRed set up new energy storage developer

US renewables developer Hecate Energy and investment manager InfraRed Capital Partners have teamed up to form a company that will develop, construct, own, and operate utility-scale energy storage projects in North America.

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-- First Solar sells 100-MW California solar project to DE Shaw

First Solar Inc (NASDAQ:FSLR) has sold the 100-MW Willow Springs solar project in Kern County, California to an affiliate of DE Shaw Renewable Investments LLC (DESRI).

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-- Eolus selling 130-MW Vestas-powered wind park in Sweden to KGAL

Nordic wind projects developer Eolus Vind AB (STO:EOLU-B) said it will build and sell to KGAL a 130-MW wind farm in Sweden equipped with Vestas turbines.

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-- SolarEdge completes acquisition of Kokam

Photovoltaic (PV) inverter supplier SolarEdge Technologies Inc (NASDAQ:SEDG) has closed the acquisition of a 75% stake in South Korean battery storage firm Kokam Co Ltd.

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-- CDPQ lifts Azure Power stake to 40%

Caisse de depot et placement du Quebec (CDPQ) has spent USD 100 million on increasing its ownership in Azure Power Global Ltd (NYSE:AZRE) and now holds a 40% stake in the Indian solar power producer.

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-- Foresight Solar pockets GBP 58m in oversubscribed share issue

Foresight Solar Fund Ltd (LON:FSFL) said it has raised GBP 58 million gross in a significantly oversubscribed share placing.

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-- New Engie, GreenYellow JV targets French self-consumption solar market

French energy group Engie SA (EPA:ENGI) and GreenYellow have created a new firm with the purpose of developing solar projects for self-consumption.

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-- Iberdrola sells interest in 50-MW CSP plant to Ence

Spanish electric utility Iberdrola SA (BME:IBE) announced it has sold 90% of its shares in the holding company for the 50-MW Puertollano solar thermal power plant to Ence Energia y Celulosa SA (BME:ENC).

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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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