Weekly renewables M&A round-up (Apr 12-16)

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April 16 (Renewables Now) - Renewables Now covered M&A stories about Ørsted, IKEA, Tilt Renewables, Northland Power and others over the past week. Below is the full list:

-- Sunworks to acquire residential solar firm Solcius

US solar installers Sunworks Inc (NASDAQ:SUNW) and Solcius LLC said they have agreed to combine, creating a company with a footprint in 12 states.

-- SPI Energy to buy 6.5-MW solar-plus-storage project in Massachusetts

Hong Kong-based SPI Energy Co Ltd (NASDAQ:SPI) has agreed to acquire a 6.5-MW community solar photovoltaic (PV) project coupled with 5.45 MWh of storage in Massachusetts.

-- Stadtwerke Heidenheim buys 15-MW wind farm in Brandenburg

Electricity and gas supplier Stadtwerke Heidenheim AG has acquired the 15-MW Niedergorsdorf wind farm located in the German federal state of Brandenburg.

-- Ørsted closes 25% stake sale in 1.1-GW Ocean Wind project to PSEG

Denmark’s Ørsted A/S (CPH:ORSTED) announced it has finalised the sale of a 25% stake in the 1,100-MW Ocean Wind project off New Jersey to US diversified energy company Public Service Enterprise Group Inc (NYSE:PEG).

-- Photon, Canadian Solar swap project rights in 580 MWp of Aussie solar

Solar energy developers Photon Energy NV (WSE:PEN) and Canadian Solar Inc (NASDAQ:CSIQ) have exchanged rights to 580 MWp of solar projects they partnered on in Australia.

-- Norway's Moreld forms floating wind entity and invests in Ocergy

Norwegian industrial group Moreld AS announced the creation of a floating wind subsidiary along with a major investment in and cooperation agreement with sector player Ocergy Inc.

-- IKEA stores owner to buy stake in 160 MW of solar farms in Russia

Ingka Group, the largest global retailer of IKEA furniture, will invest in the acquisition of a 49% stake in 160 MW of solar farms in Russia.

-- US firm Catalyze buys solar developer PermaCity

US renewable energy company Catalyze Inc announced that it has taken over California-based solar developer PermaCity Corp.

-- DEME, Penta-Ocean to create JV for Japanese offshore wind

DEME Offshore, part of Belgian dredging group DEME, and Japanese marine contractor Penta-Ocean Construction Co Ltd (TYO:1893) have agreed to form a joint venture (JV) to target the Japanese offshore wind market.

The companies said they are in the process of setting up a joint company that will be owned 51% by Penta-Ocean and 49% by DEME Offshore.

-- Capital Dynamics buys another zero-subsidy wind project from Energiekontor

Asset manager Capital Dynamics has acquired a 13-MW, shovel-ready and zero-subsidy onshore wind project in Scotland from German renewables developer and operator Energiekontor AG (ETR:EKT).

-- Tilt mulls possibility of offer superior to takeover deal with AGL-Mercury

Tilt Renewables Ltd (ASX:TLT), the acquisition target of domestic utility AGL Energy Ltd (ASX:AGL) and New Zealand peer Mercury NZ Ltd, is in talks to see if it can get a superior takeover proposal.

-- Israel's Solegreen to inject USD 104m into US solar installer Kuubix

Israeli renewables project developer Solegreen Ltd (TLV:SLGN) will invest up to USD 104 million in California-based solar installer Kuubix, supporting its expansion across the US.

-- Maxeon Solar eyes up to USD 144m from share offering

Singapore-based solar panel maker Maxeon Solar Technologies Ltd (NASDAQ:MAXN) could raise close to USD 144 million through an underwritten public offering of ordinary shares.

-- Northland enters Spain with 540-MW renewables portfolio acquisition

Canadian power producer Northland Power Inc (TSE:NPI) is set to acquire a 540-MW operational wind and solar portfolio in Spain, marking its entry into the Iberian country.

-- Power Factors acquires Swedish renewables management platform Greenbyte

Power Factors LLC, a US provider of renewable energy operations and asset performance management software, said it has taken over Sweden-based renewable energy management platform Greenbyte AB.

-- Eos Energy buys Holtec out of battery manufacturing JV

US zinc-based energy storage solutions provider Eos Energy Enterprises Inc (NASDAQ:EOSE) has taken full control of HI-POWER LLC, its manufacturing joint venture (JV) with Holtec International.

-- Ørsted to buy Brookfield Renewable's Irish and UK onshore wind ops

Denmark's Ørsted A/S (CPH:ORSTED) said it is entering the European onshore renewables market with the acquisition of the onshore wind business of Brookfield Renewable Partners LP (NYSE:BEP) in Ireland and the UK.