Weekly renewables M&A round-up (Mar 1-5) – Renewables Now

March 5 (Renewables Now) – Renewables Now covered M&A stories about RWE, EDF, Chevron and others over the past week. Below is the full list:

— Red Rock buys 72-MW consented Scottish wind scheme from RWE

Edinburgh-based Red Rock Power Ltd has bought an up to 72-MW permitted wind project in Scotland’s Dumfries and Galloway area from German energy major RWE AG (ETR:RWE).

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— PKN Orlen to buy 89.4-MW wind farm portfolio in Poland

Polish oil refiner PKN Orlen (WSE:PKN) has struck a deal to acquire the owner of 89.4 MW of onshore wind farms at home in a deal worth PLN 380 million.

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— Petrobras to sell stake in 26-MW wind park to FIP Pirineus

Brazilian state-controlled company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, has inked an agreement to sell its 51% stake in a 26-MW wind park to investment fund FIP Pirineus.

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— EDF buys into solar installer Bboxx’s Kenyan ops

Bboxx Ltd, a UK-headquartered next generation utility that delivers solar home systems (SHS), unveiled a couple of deals to support its business in Kenya, including a minority investment from Electricite de France SA (EPA:EDF).

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— Chevron invests in Swedish geothermal heat power co

Swedish geothermal heat power company Baseload Capital AB has closed a USD-25-million funding round that introduced the venture capital arm of US-based oil major Chevron Corporation (NYSE:CVX) as a new strategic investor.

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— SEEIT wraps up US C&I portfolio acquisition and Onyx stake buy

SDCL Energy Efficiency Income Trust plc (LON:SEIT), or SEEIT, has wrapped up the acquisition of over 175 MW of commercial and industrial (C&I) solar and storage systems in the US and a 50% stake in their developer Onyx Renewable Partners.

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— Abengoa to sell stakes in CSP plant, O&M co in S Africa to Engie

Spanish engineering and renewables group Abengoa SA has agreed to sell its entire equity stake in the 100-MW Xina Solar One concentrated solar power (CSP) plant in South Africa to French utility Engie SA (EPA:ENGI), the companies announced.

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— NESF buys 100 MW of solar assets in UK

NextEnergy Solar Fund Ltd (LON:NESF) said it has purchased the Camden solar portfolio in the UK with a total capacity of 100 MWp.

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— Atlantica to buy 3rd largest US geothermal power plant

Clean energy company Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has signed a deal to acquire Coso Geothermal Power Holdings LLC, owner of a 135-MW geothermal power plant in California.

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— WEC Energy to buy majority stake in 195-MW Kansas wind farm

US power and gas supplier WEC Energy Group Inc (NYSE:WEC) has signed an agreement to buy a 90% stake in the up to 195-MW Jayhawk wind farm in Kansas, the company said.

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— Energiekontor unloads 50-MW Scottish wind project to Capital Dynamics

German renewables developer and operator Energiekontor AG (ETR:EKT) said it has sold a 50-MW zero-subsidy wind project in Scotland to global private asset manager Capital Dynamics.

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— India’s Adani Green discusses buying 250-MW solar project – report

Adani Green Energy Ltd (BOM:541450), or AGEL, is holding advanced talks to buy a 250-MW solar project in the Indian state of Rajasthan from Hero Future Energies Pvt Ltd (HFE), the Economic Times reports.

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— French state investor CDC buys into renewables co Albioma

French public investment company Caisse des Depots et Consignations, or CDC, has acquired an indirect holding of 10% in domestic renewable energy producer Albioma SA (EPA:ABIO), which is worth around EUR 132 million based on current stock prices.

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— Adapture Renewables buys 81-MWp solar project from Q CELLS

Solar project developer and plant operator Adapture Renewables Inc has finalised the acquisition of an 81-MWp solar park in Texas’ Cooke County from a US subsidiary of South Korean photovoltaics (PV) manufacturer Q CELLS.

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— Eesti Energia’s green arm to buy owner of 20-MW wind project in Estonia

Estonian state-owned energy company Eesti Energia AS announced an agreement to buy domestic wind project developer Raunistal, which owns a 20-MW wind project in the most northeastern part of Estonia.

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— Hill & Smith buys off-grid solar co Prolectric Services

Sustainable infrastructure and safe transport solutions provider Hill & Smith Holdings Plc (LON:HILS) has bought UK off-grid solar energy solutions supplier Prolectric Services Ltd for up to GBP 18.2 million.

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— JLEN acquires 50-MW Li-ion battery storage project in UK

JLEN Environmental Assets Group Ltd (LON:JLEN) said it has acquired a 100% equity stake in Gigabox South Road Limited (GSRL), which holds the development rights to build a 50-MW lithium-ion battery storage system in Dundee, UK.

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— EDP Renewables formally takes 85% of DG solar platform C2 Omega

The North American arm of Portuguese energy giant EDP (ELI:EDP) said it has wrapped up the acquisition of an 85% interest in distributed generation (DG) solar company C2 Omega LLC and its 89-MW operating platform.

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— Cloudberry makes hydro purchases in Norway

Nordic renewables company Cloudberry Clean Energy AS said it has signed a deal to buy Norwegian hydropower producer Ramsliana Kraft AS for an undisclosed sum, with the opportunity to secure a separate hydro project as well.

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— TNB to buy into 21.6 MWp of Sunseap-owned rooftop PV plants in Vietnam

Malaysian utility Tenaga Nasional Berhad (TNB) said it will buy a minority interest in a 21.6-MWp rooftop solar portfolio in Vietnam from Singapore’s Sunseap Group Pte Ltd.

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— DTP to buy grid link to 1.2-GW Hornsea One offshore wind farm

Denmark’s Ørsted A/S (CPH:ORSTED) and its joint venture (JV) partner Global Infrastructure Partners (GIP) have struck a deal to sell the power transmission assets of the 1.2-GW Hornsea One wind farm off east England.

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— Texan PV installer Freedom Solar unveils new equity partners

Freedom Solar, a Texas-based installer of solar photovoltaic (PV) systems for residential and commercial use, announced two new equity partners, both headquartered in Houston.

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— Actis eyes sale of India’s Sprng Energy next year – report

UK buyout firm Actis intends to divest its Indian renewable energy platform Sprng Energy in 2022, according to a top executive who spoke with the Economic Times (ET).

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— MPC Caribbean finalises acquisition of 6.4-MWp solar farm in El Salvador

MPC Caribbean Clean Energy Fund LLC, part of German asset management group MPC Capital AG (ETR:MPCK), said it had closed the acquisition of the 6.4-MWp San Isidro solar farm in El Salvador on March 2.

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— CIP to sell 49% stake in 487-MW wind portfolio in Spain

Denmark’s Copenhagen Infrastructure Partners (CIP) will shed a 49% stake in the 487-MW Monegros portfolio of wind projects located in the Aragon region of Spain.

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— JRE enters Taiwan with 1.8-MW solar plant acquisition

Japan Renewable Energy Corp (JRE) announced it has acquired the 1.8-MW Big Canal solar plant in Taiwan.

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Source: https://renewablesnow.com/news/weekly-renewables-ma-round-up-mar-1-5-733531/

March 5, 2021 susan ward