•  
  •  
  •  

Weekly renewables M&A round-up (Sep 30-Oct 4)

Mark Rubens/Shutterstock.com

October 4 (Renewables Now) - Renewables Now covered M&A stories related to Tri Global, Shell, Equinor and others over the past week. Below is the full list of deals:

-- Aquila European Renewables seals exclusive deal for 34.5-MW Finnish wind buy

Aquila European Renewables Income Fund plc (LON:AERS) announced plans to acquire the owner of a 34.55-MW wind complex in Finland.

Read more

-- Univergy sells 75-MW portfolio of PV projects in Seville

Spanish-Japanese renewable energy company Univergy International SL has sold 75 MW of solar photovoltaic (PV) projects in Seville to Madrid-based investment management firm Everwood Capital.

Read more

-- Bank of America takes stake in 405-MW wind portfolio of EDP

Portuguese power utility EDP - Energias de Portugal SA (ELI:EDP) has secured USD 421 million in tax equity from Bank of America Corp (NYSE:BAC) for a share in a 405-MW onshore wind project portfolio.

Read more

-- Glennmont buys shovel-ready Finnish wind project of 211.4 MW

London-based fund manager Glennmont Partners said it has acquired a 211.4-MW wind project in Finland from Ilmatar Energy, marking its first investment in the Nordic market.

Read more

-- EDF Renouvelables preps for buyout of Futuren

French wind power producer Futuren SA (EPA:FTRN) announced that the renewables arm of EDF SA (EPA:EDF) is preparing to file a draft buyout offer for the company.

Read more

-- Battery management specialist Titan AES raises USD 10m

US ultrasound-based battery management expert Titan Advanced Energy Solutions Inc, or Titan AES, has closed a USD-10-million Series A financing round, the company announced.

Read more

-- Energiekontor sheds Waldfeucht wind farm in Germany

Energiekontor AG (ETR:EKT) said it has sold the Waldfeucht onshore wind farm located in the German state of North Rhine-Westphalia to Hamburg-based asset manager CEE Group.

Read more

-- Brazil's CPFL closes acquisition of State Grid's interest in renewables arm

Brazilian energy company CPFL Energia SA (BVMF:CPFE3) on Monday announced it has closed the acquisition of the shares in CPFL Energias Renovaveis (BVMF:CPRE3) held by a local unit of State Grid Corporation of China.

Read more

-- Tri Global to sell 360-MW Texas wind project to Silverpeak

US renewables firm Tri Global Energy LLC (TGE) said it has agreed to sell a 360-MW wind project in Texas to alternative investment management Silverpeak.

Read more

-- Masdar close to buying 20% of India's Hero Future Energies - report

Abu Dhabi Future Energy Company PJSC, better known as Masdar, is ready to buy a 20% stake in Indian renewable power producer Hero Future Energies, the Economic Times reports.

Read more

-- ReneSola closes USD-11m share sale to Shah Capital

Chinese solar project developer ReneSola Ltd (NYSE:SOL) has closed a deal that allowed its existing shareholder Shah Capital Opportunity Fund LP to buy USD 11 million (EUR 10m) worth of the company’s shares.

Read more

-- PNM gets regulatory nod to buy New Mexico wind power transmission line

PNM Resources (NYSE:PNM) has received approval from New Mexico regulators to buy the Western Spirit renewable power transmission project that would help accommodate 800 MW of new wind energy.

Read more

-- Shell invests in Indian solar power co Orb Energy

The New Energies business of Royal Dutch Shell Plc (AMS:RDSA) has acquired a stake of nearly 20% in the latest funding round of Indian solar energy solutions provider Orb Energy.

Read more

-- PE firm SmartPitch invests in solar installer in Minnesota

Private equity firm SmartPitch Ventures has made a significant capital investment in Minnesota-based Innovative Power Systems Inc, also known as IPS Solar.

Read more

-- Equinor to offload half of Arkona ownership interest for EUR 500m

Norwegian oil group Equinor ASA (NYSE:EQNR) has struck a EUR-500-million deal to divest a minority stake in the 385-MW Arkona offshore wind farm in the German part of the Baltic Sea.

Read more

-- Foresight unveils 37.5-MW wind purchase from Glennmont

London-based investment manager Foresight Group LLP said it has purchased two operational wind parks in the UK with a combined capacity of 37.5 MW.

Read more

-- REC Silicon mulls selling polysilicon, silicon gases plant in Montana

Norway-based REC Silicon ASA (OSE:REC) said it considers selling its facility in Butte, Montana, where it produces silane gas for use in semiconductors and semiconductor polysilicon.

Read more

-- Ayala's AC Energy, UPC create 1-GW renewables development JV

AC Energy Inc, part of the Philippines' Ayala Corp (PSE:AC), has set up a joint venture with the solar power platform of UPC Renewables to develop and build over 1 GW of renewable energy plants in the Asia Pacific.

Read more

-- ITM Power eyes GBP 52m in fresh funds, sets up hydrogen JV with Linde

ITM Power Plc (LON:ITM) announced the creation of a green hydrogen joint venture with industrial gases and engineering company Linde, along with several transactions to raise at least GBP 52 million gross in total.

Read more

More stories to explore
Share this story
Tags
 
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