Weekly renewables M&A round-up (Apr 11-15)

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April 15 (Renewables Now) - Renewables Now covered M&A stories about TotalEnergies, Schroders, BlackRock and others in the past week. Below is the full list:

-- Cemig to acquire stake in 18.5-MWp solar DG portfolio in Brazil

Brazilian energy solutions company Cemig Solucoes Inteligentes em Energisa SA, better known as Cemig SIM, has signed an agreement to acquire a 49% stake in an 18.5-MWp of solar distributed generation (DG) plants.

Read more: https://renewablesnow.com/news/cemig-to-acquire-stake-in-185-mwp-solar-dg-portfolio-in-brazil-780442/

-- Verano Energy buys 116 MWp of solar PMGD projects in Chile

Latin America-focused renewables developer Verano Energy announced it has acquired 15 solar projects with a combined capacity of 116 MWp in Chile.

Read more: https://renewablesnow.com/news/verano-energy-buys-116-mwp-of-solar-pmgd-projects-in-chile-780486/

-- High-profile bidders after EUR-1bn renewables portfolio in Spain - report

Oil-and-gas multinational Shell Plc (LON:SHEL) and utilities Naturgy Energy Group SA (BME:NTGY) and Verbund AG (VIE:VER) have lined up to acquire some EUR 1 billion worth of renewable energy assets in Spain from Spanish investment platform Q-Energy, Reuters reported citing three sources in the know.

Read more: https://renewablesnow.com/news/high-profile-bidders-after-eur-1bn-renewables-portfolio-in-spain-report-780506/

-- Mirova, Omnes to fund growth of TagEnergy's 2.7-GW renewable portfolio

Global clean energy investor TagEnergy has received a EUR-450-million capital boost from existing shareholder Impala SAS and new investors Mirova and Omnes to support the growth of its over 2.7-GW renewable energy pipeline.

Read more: https://renewablesnow.com/news/mirova-omnes-to-fund-growth-of-tagenergys-27-gw-renewable-portfolio-780639/

-- EC approves CPP Investments, Votorantim renewables JV in Brazil

The European Commission (EU) said it has granted approval under the EU Merger Regulation for the creation of a joint venture by CPP Investments and Votorantim that will invest in the renewable energy sector in Brazil.

Read more: https://renewablesnow.com/news/ec-approves-cpp-investments-votorantim-renewables-jv-in-brazil-780646/

-- HDF takes 70% stake in low-carbon hydrogen project in Trinidad and Tobago

Hydrogene de France SA (EPA:HDF), a French specialist in hydrogen energy, has acquired a 70% stake in the NewGen low-carbon hydrogen development in Trinidad and Tobago, it announced.

Read more: https://renewablesnow.com/news/hdf-takes-70-stake-in-low-carbon-hydrogen-project-in-trinidad-and-tobago-780659/

-- Brazil's Energisa concludes acquisition of 110 MWp of solar projects

Brazilian electricity distributor Energisa SA (BVMF:ENGI11) said it has completed the acquisition of several solar projects with a combined capacity of up to 110.2 MWp through subsidiary Alsol Energias Renovaveis SA.

Read more: https://renewablesnow.com/news/brazils-energisa-concludes-acquisition-of-110-mwp-of-solar-projects-780663/

-- Alternus Energy to buy 228 MW of solar projects in Spain

Ireland-based independent power producer (IPP) Alternus Energy Group Plc (OSE:ALT) said it has signed definitive agreements to acquire seven solar projects totalling 228 MW in Spain.

Read more: https://renewablesnow.com/news/alternus-energy-to-buy-228-mw-of-solar-projects-in-spain-780702/

-- TotalEnergies, Eneos tie up for 2 GW of C&I solar development in Asia

Energy groups TotalEnergies SE (EPA:TTE) of France and Eneos Holdings Inc (TYO:5020) of Japan have teamed up to develop onsite solar for commercial and industrial (C&I) customers in Asia with the aim of developing 2 GW over the next five years.

Read more: https://renewablesnow.com/news/totalenergies-eneos-tie-up-for-2-gw-of-ci-solar-development-in-asia-780806/

-- Schroders wraps up acquisition of 75% in Greencoat Capital

UK asset management company Schroders Plc (LON:SDR) has finalised the acquisition of a 75% stake in renewables investment manager Greencoat Capital Holdings Ltd, completing the operation it announced in December 2021.

Read more: https://renewablesnow.com/news/schroders-wraps-up-acquisition-of-75-in-greencoat-capital-780824/

-- Fluence buys renewable asset performance management firm Nispera

US energy storage company Fluence Energy Inc (NASDAQ:FLNC) said it has agreed to acquire Zurich-based Nispera AG, which provides artificial intelligence (AI) and machine learning-enabled software-as-a-service (SaaS) for the renewable energy sector.

Read more: https://renewablesnow.com/news/fluence-buys-renewable-asset-performance-management-firm-nispera-780943/

-- Orix issues EUR-300m green bond to fund Elawan acquisition

Japanese financial services group Orix Corporation (TYO:8591) said it is issuing green bonds for a total amount of EUR 300 million to pay for the costs of acquiring the majority shareholding in Spanish wind and solar developer Elawan Energy SL.

Read more: https://renewablesnow.com/news/orix-issues-eur-300m-green-bond-to-fund-elawan-acquisition-780981/

-- BlackRock, Mubadala to pour USD 525m in Tata Power Renewables

BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company will invest INR 40 billion in the renewable energy business of India’s Tata Power Company Ltd (NSE:TATAPOWER) to fund its “aggressive” growth plans, the Indian power company said.

Read more: https://renewablesnow.com/news/blackrock-mubadala-to-pour-usd-525m-in-tata-power-renewables-781071/

-- Global solar corp funding slips to USD 7.5bn in Q1 2022

Total corporate funding in the solar power sector around the world, including venture capital (VC), public market and debt financing, arrived at USD 7.5 billion in the first quarter of 2022, falling by 7% in annual terms, shows a new report by Mercom Capital Group.

Read more: https://renewablesnow.com/news/global-solar-corp-funding-slips-to-usd-75bn-in-q1-2022-781112/

-- Japan's NGK invests in perovskite solar cell developer EneCoat

Japanese ceramics company NGK Insulators Ltd (TYO:5333) announced it has invested in EneCoat Technologies Co Ltd, a developer of perovskite solar cells that was spun off from Kyoto University in early 2018.

Read more: https://renewablesnow.com/news/japans-ngk-invests-in-perovskite-solar-cell-developer-enecoat-781158/

-- Electrolysers maker Ohmium closes USD-45m funding round

US electrolysers maker Ohmium International Inc has raised USD 45 million in a newly-closed Series B funding round led by existing investor Fenice Investment Group.

Read more: https://renewablesnow.com/news/electrolysers-maker-ohmium-closes-usd-45m-funding-round-781179/

-- Eolus, Hydro REIN to sell majority of 260-MW Swedish wind project

Swedish wind project developer Eolus Vind AB (STO:EOLU-B) and Hydro REIN have agreed to sell a combined 75% stake in the 260-MW Stor-Skälsjön wind project in Sweden to MEAG.

Read more: https://renewablesnow.com/news/eolus-hydro-rein-to-sell-majority-of-260-mw-swedish-wind-project-781191/

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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