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).
— 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.
— 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.
— 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).
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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.
— 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).
— 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.
— 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.
— 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.