Weekly review of renewable mergers and acquisitions (Oct. 18-22)
October 22 (Renewables Now) – Renewables Now has covered M&A stories on Glennmont, Ørsted, Galp, NextEra Energy and others over the past week. Below is the full list:
– Omers buys 49% of Australia’s renewable energy platform from FRV
Canadian investor and asset manager Omers Infrastructure has said it has agreed to buy a 49% stake in the Australian unit of Spanish company Fotowatio Renewable Ventures (FRV).
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– Commerz Real abandons 68 MW agreement with Eolus for wind energy
Commerz Real, the renewable energy and real estate investment arm of German Commerzbank AG (ETR: CBK), has canceled an agreement to purchase 68 MW of wind projects in southern Sweden from Eolus Vind AB (STO: EOLU-B).
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– Sunfire secures new funding to develop electrolyser manufacturing
Sunfire GmbH has unveiled the receipt of new funding of 109 million euros in support of plans to develop electrolyzer production capacity in gigawatts and further develop its technology.
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– Antin Infrastructure takes control of US Origis Energy
French private equity firm Antin Infrastructure Partners (EPA: ANTIN) has announced that it is acquiring a controlling stake in US solar energy and energy storage developer Origis Energy, without disclosing the terms of the transaction.
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– Encavis buys 65.5 MW of solar capacity in France for a special fund
The asset management subsidiary of German solar and wind farm operator Encavis AG (ETR: ECV) has acquired six solar farms with a combined capacity of 65.5 MW in the west and south of France for its special fund Encavis Infrastructure III (EIF III).
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– Indian Oorja raises $ 1 million to expand agricultural services to solar energy
Oorja Development Solutions India Private Limited, an Indian supplier of solar services to the agricultural sector, said it has raised $ 1 million in seed funding to expand its operations.
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– Korea’s SK E&S to invest up to $ 400 million in the US renewable energy platform REV
SK E&S Co Ltd, part of the South Korean industrial conglomerate SK Group, has agreed to invest up to US $ 400 million in REV Renewables LLC, a unit of LS Power that acquires, develops and operates assets of renewable energy and battery storage.
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– BayWa re buys the rights to a 48 MW Scottish wind project
BayWa re UK, a unit of German renewable energy developer BayWa re AG, has purchased the project rights for a 48 MW wind farm in South Lanarkshire in Scotland.
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– Pacifico gets priority access to Australia’s over 1 GW solar storage pipeline
German renewable energy producer Pacifico Renewables Yield AG (ETR: PRY) has signed a first offer right agreement to acquire a renewable energy pipeline of more than 1 GW in Australia, consisting primarily of large-scale solar projects.
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– Aquila buys the majority stake of Powertis in 772 MW of photovoltaic projects in Italy
Spanish solar energy developer Powertis SAU has completed the sale of a 51% stake it held in 772 MW of solar PV projects in Italy to German investment manager Aquila Capital.
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– EDP of Portugal to invest £ 13bn in renewables in UK by 2030
Energias de Portugal SA (ELI: EDP) has announced its intention to inject £ 12.86 billion into wind and solar projects in the UK, complementing its offshore presence with an entry into the local onshore market with 544 MW of total capacity.
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– Glennmont finalizes the sale of 100 MW of French wind farms
London-based fund manager Glennmont Partners has completed the sale of a portfolio of 100 MW onshore wind farms in France to TTR Green Fund IV and its co-investors, law firm Watson Farley & Williams (WFW ).
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– Votorantim and CPP Investments to merge Brazilian assets into a 3.3 GW renewable energy platform
Brazilian company Votorantim SA and the Canada Pension Plan Investment Board (CPP Investments) announced their intention to consolidate Brazilian energy assets to create a renewable energy platform with 3.3 GW of capacity installed.
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– DIF Capital will take 51% of the capital of the German ib vogt
Global infrastructure investment manager DIF Capital Partners has agreed to acquire a 51% stake in German solar developer and entrepreneur ib vogt GmbH, it was announced.
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– Ørsted sells 50% of the Borkum Riffgrund 3 offshore wind project to Glennmont
London-based fund manager Glennmont Partners will acquire a 50% stake in Ørsted A / S’s (CPH: ORSTED) 900 MW offshore wind farm Borkum Riffgrund 3 in the German North Sea.
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– Galp enters the Brazilian renewable energy market with a solar acquisition of 594 MWp
Portuguese energy group Galp Energia SGPS SA (ELI: GALP) has agreed to acquire and develop a 594 MWp solar portfolio in Brazil, marking its entry into the country’s renewable energy market.
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– EDF Renewables attracts a new investor for the Blyth offshore wind farm in the United Kingdom
EDF Renewables UK has attracted Tenaga Nasional Berhad (KLSE: TENAGA), Malaysia’s largest electricity company, as a new investor in its Blyth offshore wind farm off the coast of Northumberland in the northeast of the ‘England, he announced.
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– AC Energy strengthens Australian operations with full control over renewable energies JV
Philippine company AC Energy Corp (PSE: ACEN), part of Ayala Corp (PSE: AC), has received board approval to acquire the 51.6% stake it does not already own in its Australian clean energy (JV) joint venture with US-based UPC Renewables Group.
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– Falck Renewables will be acquired by an investment fund
Italian company Falck SpA has announced an agreement to sell its entire approximately 60% stake in Falck Renewables SpA (BIT: FKR) to Infrastructure Investments Fund (IIF), an investment vehicle advised by JP Morgan Investment Management.
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– The French Photosol prepares a sale of 500 million euros – report
French solar energy developer Photosol SAS has approached potential buyers for the company, which is estimated at a minimum of 500 million euros, said two anonymous sources cited by Reuters.
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– EnBW purchases a 12.6 MW onshore wind project in Germany
German electricity company EnBW Energie Baden-Wuerttemberg AG (ETR: EBK) has acquired the rights to a 12.6 MW wind project in southern Germany, construction of which is expected to start this fall.
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– Greenvolt is preparing to acquire 42% of the capital of the Spanish solar company Perfecta Energia
Portuguese renewable energy company Greenvolt – Energias Renovaveis SA (ELI: GVOLT) has completed the first phase of a process to acquire a 42% stake in Spanish solar panel installer Perfecta Energia, he said. declared.
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– Primavera Capital invests $ 600 million in Chinese green technology company Envision
China-based investment firm Primavera Capital said it has invested $ 600 million in two subsidiaries of Chinese green tech firm Envision Group.
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– Encavis purchases a 25 MW solar project in Germany
German solar and wind farm operator Encavis AG (ETR: ECV) has announced the purchase of a 25 MWp solar farm under construction near Berlin from Sunovis GmbH.
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– Sojitz, Osaka Gas and Looop form rooftop solar joint venture in Vietnam
A joint venture between Japanese trader Sojitz Corp (TYO: 2768) and Osaka Gas Co Ltd (TYO: 9532) has partnered with Looop Inc to create a rooftop solar power generation company that serves industrial and commercial customers In Vietnam.
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– Ecofin US Renewables purchases a 60 MW wind farm in Texas
Ecofin US Renewables Infrastructure Trust PLC (LON: RNEW) has announced that it has contractually committed to acquire the 60 MW Whirlwind wind farm in Texas for $ 49 million.
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– Voith acquires Siemens Energy stake in German hydroelectric turbine joint venture
The German group Voith has agreed to take full control of its hydroelectric turbine supply joint venture with Siemens Energy AG (ETR: ENR), it has been announced.
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– ADM to sell Illinois ethanol plant to BioUrja Group
Agricultural Powerhouse ADM (NYSE: ADM) has announced that it has signed an agreement to sell its Illinois ethanol production complex to the BioUrja group for an undisclosed amount.
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– Greencoat Renewables purchases 101 MW wind farm in Sweden
Dublin-based Greencoat Renewables PLC (LON: GRP) has acquired a 101.1 MW wind farm in Sweden from German wind turbine manufacturer Enercon GmbH.
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– NextEra Energy Partners purchases 50% of the 2.5 GW renewable energy portfolio
NextEra Energy Partners LP (NYSE: NEP) said it has agreed to purchase a 50% stake in a renewable energy portfolio totaling 2,520 MW and has also entered into a convertible equity portfolio financing for $ 824 million.
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– MET Renewables receives antitrust clearance to acquire Eolica Bulgaria
The Bulgarian competition authority said it had authorized MET Renewables Holding, part of the Swiss energy group MET, to acquire Eolica Bulgaria, owner and operator of a 60 megawatt (MW) wind farm in Suvorovo, in the north. is of the country.
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