Weekly review of mergers and acquisitions in renewable energies (13-17 Sept.)
September 17 (Renewables Now) – Renewables Now has covered M&A stories on Russian companies Severstal, EDF, Dominion Energy, Shell and others over the past week. Below is the full list:
– MHI and Osaka Gas invest in 11 MW solar project in North Carolina
Japan’s Mitsubishi Heavy Industries (TYO: 7011) and Osaka Gas USA Corp, part of Japan’s Osaka Gas Co Ltd (TYO: 9532), bought an unspecified stake in an 11 MW solar project under construction in Carolina North.
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– LG Energy Solution acquires US storage company NEC Energy Solutions
South Korean lithium-ion battery maker LG Energy Solution (LG ES) has acquired US industry player NEC Energy Solutions from NEC Corporation (TYO: 6701) for an undisclosed amount.
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– Rusnano leaves the Russian wind tower production JV, Severstal increases its stake
Russian state-owned technology investor Rusnano left wind tower maker WRS Towers LLC by selling its 24.5% stake in the company to steel and mining company Severstal (MCX: CHMF), the latter said.
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– Akuo and CIP join forces to develop 400 MW renewable energies in Indonesia
French renewable energy producer and developer Akuo has announced a partnership with Danish fund manager Copenhagen Infrastructure Partners P / S (CIP) for the development of more than 400 MW of renewable energy projects in Indonesia.
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– MET Renewables requests antitrust deal to acquire Eolica Bulgaria
The Bulgarian competition regulator said that MET Renewables Holding, part of the Swiss energy company MET Group, is seeking approval to acquire the wind energy company Eolica Bulgaria, owner and operator of a wind farm of 60 megawatts (MW) in Suvorovo, in the northeast of the country. .
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– MEAG sells 109 MW of German wind farms to Spanish Q-Energy
German asset manager MEAG has announced that it has sold 109 MW of wind farms in Germany to Spanish renewable energy investor Q-Energy.
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– Canada’s Atco buys the rights to a 39 MW solar project in Alberta
Canadian engineering, logistics and energy company Atco Ltd (TSE: ACO.X) said it has purchased a 39 MW solar project currently under development in the state of Alberta.
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– Kajima and Griffin Real Estate buy majority stake in Polish renewable energy developer
Pan-European real estate company Kajima Europe and private equity investor Griffin Real Estate have taken control of Polish clean energy company PAD-RES through a newly formed renewable energy joint venture.
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– Hydrogenious raises 50 million euros to develop hydrogen technology
German hydrogen specialist Hydrogenious LOHC Technologies GmbH has raised 50 million euros in a funding round led by Jera Americas Inc and Temasek of Singapore to support the deployment and scale-up of its technology of hydrogen transport and storage.
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– Victory Capital to acquire renewable infrastructure investor NEC
Global asset manager Victory Capital Holdings Inc (NASDAQ: VCTR) has agreed to take over New Energy Capital Partners (NEC), which invests in renewable energy infrastructure.
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– Dutch pension fund APG acquires Swedish wind developer Vasa Vind
Dutch retirement investor APG Asset Management NV has acquired a 100% stake in Swedish onshore wind farm developer Vasa Vind Holdings AB, it has been announced.
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– Aura Power sells 39 MW ready-to-build solar project in Canada
Bristol-based developer Aura Power Renewables said it sold its 39 MW Empress ready-to-build solar project in eastern Alberta to Canadian Utilities Limited (TSE: CU), an electric utility company within the ATCO group.
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– EDF will sell 50% of California’s 310 MWp solar array to Munich Re
German reinsurer Munich Re (ETR: MUV2) is preparing to buy a 50% stake in 310 MW DC solar projects in California, including one with battery storage, from developer EDF Renewables North America.
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– EQTEC acquires a 1.2 MWe waste-to-energy gasification plant in Croatia
Irish Gasification Engineering and Technology Company EQTEC [LSE:EQT] announced that it has completed the acquisition of a 1.2 MWe waste-to-energy gasification plant in Karlovac, Croatia, for a total amount of € 1.2 million, through Synergy Projects, a joint venture with its Croatian project development partner Sense ESCO.
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– Galehead sells 270 MW MISO central solar project to EDFR
Boston-based Galehead Development announced that it recently sold a 270 MW DC solar project in the central region of MISO in the United States to independent power producer EDF Renewables (EDFR) for an undisclosed amount.
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– ACE Power debuts in Australia with 1.3 GW wind, solar and storage pipeline
Recently launched Australian renewable energy developer ACE Power has officially announced its entry into the market with an approximately 1.3 GW pipeline of wind, solar and battery storage projects.
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– Babcock & Wilcox takes 60% of the American solar contractor with a 1 GW pipeline
The US supplier of renewable, environmental and thermal energy technologies Babcock & Wilcox Enterprises Inc (NYSE: BW) has agreed to buy 60% of solar energy contractor Fosler Construction Company Inc and thus gain access to its pipeline of projects of more than 1 GW.
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– NextEnergy Capital’s 3rd solar fund buys a 42.3 MW Polish solar portfolio
London-based NextEnergy Capital Group said it has agreed to purchase a portfolio of 42.3 MW solar projects in Poland through its NextPower III ESG (NPIII) solar fund.
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– Clean energy co Arcadia pockets $ 100 million to develop
U.S. renewable energy retailer Arcadia has secured US $ 100 million in a Series D funding round that will help it grow its community solar offerings and tap into new markets such as electric vehicles (EVs). ).
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– The RNG Archaea Energy platform announces the closing of the SPAC merger
The acquisition by Rice Acquisition Corp (NYSE: RICE), or RAC, of Aria Energy LLC and Archaea Energy LLC has been completed and the US renewable natural gas (RNG) platform is now known as ‘Archaea Energy Inc.
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– Pearce Renewables Acquires Wind and Solar Operation and Maintenance Company Mountain Renewables
Pearce Renewables, a division of operations, maintenance and engineering services provider Pearce Services, has acquired California-based Mountain Renewables LLC, which provides technical field services for the large-scale wind and solar industries.
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– East Point Energy unloads a 20 MW / 80 MWh Virginia battery project at Dominion
Dominion Energy Virginia, part of Dominion Energy (NYSE: D), purchased a 20 MW / 80 MWh battery storage project from developer East Point Energy for an undisclosed amount, the seller said.
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– Dominion Energy plans 1 GW solar battery expansion in Virginia
Dominion Energy Virginia, part of the Dominion Energy utility (NYSE: D), plans to add about 1 GW of solar capacity along with some battery storage to its portfolio by acquiring or contracting new projects in the ‘Commonwealth State.
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– NESF forms a JV targeting 250 MW of battery storage in the UK
NextEnergy Solar Fund Ltd (LON: NESF) has announced its entry into the UK energy storage space with the creation of a Joint Venture (JV) targeting up to 250 MW of projects.
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– Odyssey Energy Solutions acquires Ferntech, specialist in off-grid control
US renewable energy investment firm Odyssey Energy Solutions Inc has acquired Ferntech GmbH, a German company specializing in the remote control and monitoring of off-grid renewable energy systems, to strengthen its position as a platform. end-to-end form of investing and asset management.
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– Finerge and Guild Investments obtained the green light to take control of wind farms in Portugal
The Portuguese Competition Authority (AdC) has decided not to oppose the proposal by Portuguese renewable energy company Finerge SA and UK-based Guild Investments Limited to jointly own the park developer Empresas ACM wind turbines.
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– B Capital Partners purchases a 10 MW solar park in Germany
Swiss sustainable infrastructure investment company B Capital Partners AG has acquired the 10 MW Reuth solar park, which is currently under construction by project developer Green City AG in the German state of Bavaria.
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– ReneSola, Eiffel JV adds the first 200 MW of solar projects
Developer and operator of solar projects ReneSola Ltd (NYSE: SOL) said the company’s European joint venture with Eiffel Investment Group has completed the acquisition of its first portfolio, which consists of 200 MW of solar projects.
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– Shell completes acquisition of US renewable energy retailer Inspire
Shell New Energies US LLC, a unit of oil and gas company Royal Dutch Shell Plc (AMS: RDSA), has completed the acquisition of Inspire Energy Capital LLC, a US renewable energy retailer targeting the residential segment.
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