Renewables Now covered M&A stories about BlackRock, SSE, Iberdrola and others in the past week. Below is the full list:
-- Paramount Textile to invest in 100-MW solar project in Bangladesh
Bangladesh-based Paramount Textile Ltd (PTL) will invest in a 100-MW solar project in Bangladesh by purchasing a 49% stake in Dynamic Sun Energy Private Ltd.
Read more: https://renewablesnow.com/news/paramount-textile-to-invest-in-100-mw-solar-project-in-bangladesh-781226/
-- Westinghouse Electric to buy O&M provider BHI Energy
US nuclear power company Westinghouse Electric Co has struck a deal to acquire BHI Energy, a domestic engineering services and staffing solutions provider for the power generation segment, including renewables.
Read more: https://renewablesnow.com/news/westinghouse-electric-to-buy-om-provider-bhi-energy-781246/
-- Allete wraps up USD-165.5m distributed solar acquisition
US energy company Allete Inc (NYSE:ALE) said it has completed its USD-165.5-million acquisition of distributed solar project developer New Energy Equity LLC.
Read more: https://renewablesnow.com/news/allete-wraps-up-usd-1655m-distributed-solar-acquisition-781303/
-- Greencells, IndyGen pursue solar in Canada
Greencells is scoping a development pipeline of solar projects in Canada with a combined capacity of about 1 GWp together with UK-based firm IndyGen Utility Ltd.
Read more: https://renewablesnow.com/news/greencells-indygen-pursue-solar-in-canada-781305/
-- Rubis takes control of French solar developer Photosol
French energy company Rubis SCA (EPA: RUI) has finalised the purchase of an 80% stake in domestic solar project developer and power producer Photosol SA, thus giving a greater push to the implementation of its decarbonisation and renewable energy strategy.
Read more: https://renewablesnow.com/news/rubis-takes-control-of-french-solar-developer-photosol-781328/
-- Vitol to buy 244 MW of Pennsylvania wind farms from BlackRock
Energy and commodities trader Vitol announced that it has signed an agreement to acquire 244.4 MW of operating wind farms in the US state of Pennsylvania from a fund managed by Black Rock Inc (NYSE:BLK).
Read more: https://renewablesnow.com/news/vitol-to-buy-244-mw-of-pennsylvania-wind-farms-from-blackrock-781413/
-- SSE to buy Siemens Gamesa's 3.9-GW onshore wind platform in Europe
SSE Renewables, a unit of UK utility SSE plc (LON:SSE), has agreed to buy the roughly 3.9-GW European renewable energy development platform of Siemens Gamesa Renewable Energy SA (BME:SGRE) in an all-cash deal worth EUR 580 million.
Read more: https://renewablesnow.com/news/sse-to-buy-siemens-gamesas-39-gw-onshore-wind-platform-in-europe-781481/
-- Iberdrola buys rights to 1-GW wind project in Queensland
The Aussie arm of Spanish utility Iberdrola SA (BME:IBE) has acquired the rights to an up to 1-GW wind project in Queensland, further expanding its operations on the local market as part of a wider green energy growth strategy.
Read more: https://renewablesnow.com/news/iberdrola-buys-rights-to-1-gw-wind-project-in-queensland-781489/
-- CPP Investments commits USD 25m to Hydrostor
Canada Pension Plan Investment Board, also known as CPP Investments, has made an investment commitment of USD 25 million to Canadian long-duration energy storage specialist Hydrostor Inc.
Read more: https://renewablesnow.com/news/cpp-investments-commits-usd-25m-to-hydrostor-781512/
-- Lightsource bp to form solar JV with New Zealand's Contact Energy
Lightsource bp has joined forces with New Zealand utility Contact Energy to develop grid-scale solar photovoltaic (PV) projects in New Zealand to produce up to 380,000 MWh of electricity annually by 2026.
Read more: https://renewablesnow.com/news/lightsource-bp-to-form-solar-jv-with-new-zealands-contact-energy-781669/
-- Tandem PV raises initial USD 6m to build pilot solar panel factory
US photovoltaic (PV) technology startup Tandem PV Inc has achieved the initial USD-6-million close of its USD-12-million Series A financing round led by the Planetary Technologies fund of venture capital firm Bioeconomy Capital.
Read more: https://renewablesnow.com/news/tandem-pv-raises-initial-usd-6m-to-build-pilot-solar-panel-factory-781694/
-- Greenvolt acquires 50% stake in solar co Univergy Autoconsumo
Portuguese renewables company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has acquired a 50% stake in Univergy Autoconsumo, a company focused on solar energy solutions in the Spanish business sector.
Read more: https://renewablesnow.com/news/greenvolt-acquires-50-stake-in-solar-co-univergy-autoconsumo-781877/
-- Ventient Energy closes 443-MW renewables portfolio buy in Spain
Pan-European, non-utility power producer Ventient Energy announced the completion of its acquisition of a 443-MW renewables portfolio in the Spanish region of Castilla y Leon.
Read more: https://renewablesnow.com/news/ventient-energy-closes-443-mw-renewables-portfolio-buy-in-spain-781903/
-- ACI Groupe to support CARBON's solar gigafactory plans in France
ACI Groupe is joining the list of founding shareholders of CARBON, the French industrial start-up with a solar gigafactory plan of up to 20 GW and the ambition to be among the top 10 solar cell makers by 2030.
Read more: https://renewablesnow.com/news/aci-groupe-to-support-carbons-solar-gigafactory-plans-in-france-781921/
-- EQT to carve out Covanta's European waste-to-energy business
US waste-to-energy (WtE) company Covanta Holding Corporation, which was taken private by EQT Infrastructure late last year, announced plans to separate its European business to form a standalone platform.
Read more: https://renewablesnow.com/news/eqt-to-carve-out-covantas-european-waste-to-energy-business-781922/
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