Weekly renewables M&A round-up (Apr 19-23)

Mark Rubens/Shutterstock.com

April 23 (Renewables Now) - Renewables Now covered M&A stories about Tilt Renewables, Enel, Engie, NextEra Energy and others over the past week. Below is the full list.

-- AGL, Mercury sweeten bid for Aussie renewables player Tilt

Aussie utility AGL Energy Ltd (ASX:AGL) and New Zealand peer Mercury NZ Ltd announced they have increased their buyout proposal for Australia’s Tilt Renewables Ltd (ASX:TLT), now valuing the target business at NZD 3.07 billion.

Read more

-- Asset manager AVG invests USD 10m in solar power co Alternus

Luxembourg-based and Nordics-focused asset manager AVG Group Sarl has invested NOK 80 million in solar plants operator Alternus Energy Group Plc.

Read more

-- Kibo keen to buy UK waste-to-energy projects

Africa-focused energy firm Kibo Energy Plc (LON:KIBO; JSE:KBO) said it has initiated due diligence on the possible purchase of certain renewable energy projects in the UK.

Read more

-- Enel completes USD-1.5bn offer to buy shares in Enel Americas

Italian utility group Enel SpA (BIT:ENEL) will raise its stake to around 82.3% in Enel Americas SA (NYSE:ENIA) after tabulating the results of the voluntary public offer to acquire shares of the Chile-based subsidiary.

Read more

-- Carbon capture firm Carbo Culture raises USD 6.2m in seed financing

Carbo Culture, a startup developing a new carbon capture technology, has raised USD 6.2 million in seed financing.

Read more

-- Energiekontor sells 9.2-MW German solar project to 7C Solarparken

German renewables developer and operator Energiekontor AG (ETR:EKT) said it has offloaded a 9.2-MW solar project at home to domestic photovoltaic (PV) plants owner 7C Solarparken AG (ETR:HRPK).

Read more

-- NextEra Energy Partners to buy 391-MW US wind portfolio

NextEra Energy Partners LP (NYSE:NEP) said it has agreed to buy a 391-MW wind portfolio in two US states from Brookfield Renewable for USD 733 million.

Read more

-- Falck closes buy of 50-MW solar park to arrive in Spain

Italy-based Falck Renewables SpA (BIT:FKR) has finalised the acquisition of Desafio Solar SLU, the project vehicle behind a 49.88-MW solar plant in Spain.

Read more

-- Taiwan's TCC to buy majority stake in Engie Eps for EUR 132m

French utility Engie SA (EPA:ENGI) has agreed to sell its majority stake in Engie Eps SA (EPA:EPS) to Taiwan Cement Corp (TPE:1101), or TCC, for an aggregate consideration of EUR 132 million.

Read more

-- DEPA Commercial cleared to buy 49% of Greek PV installer North Solar

DEPA Commercial SA, part of Greek utility Public Natural Gas Company (DEPA), has secured regulatory approval to acquire a 49% interest in compatriot North Solar SA, which supposedly owns a 500-MW solar project portfolio.

Read more

-- Southern Power buys 118-MW wind farm in Oklahoma to supply Amazon

US wholesale energy provider Southern Power has acquired a 118-MW under-construction wind park in Oklahoma from Steelhead Americas, the North American development unit of Vestas Wind Systems A/S (CPH:VWS).

Read more

-- CleanCapital attracts USD 300m for distributed solar investment

CleanCapital, which invests in US distributed solar assets, said it has secured a USD-300-million corporate investment from Manulife Investment Management.

Read more

-- Gresham House buys 30-MW/30-MWh BESS in Scotland

Gresham House Energy Storage Fund plc (LON:GRID) said it has finalised the purchase of the 30-MW/30-MWh Byers Brae battery energy storage system (BESS) in Scotland.

Read more

-- Global solar funding increases to USD 8.1bn in Q1 - Mercom

Total corporate funding in the global solar sector rose 21% quarter-over-quarter in the first three months of 2021, reaching USD 8.1 billion, according to a report by Mercom Capital Group llc.

Read more

-- Northland Power pockets USD 784m to back new investments

Canadian power producer Northland Power Inc (TSE:NPI) has raised CAD 990 million gross from a bought deal equity offering aimed at supporting up to 5 GW of identified acquisitions and a recently announced renewable portfolio purchase in Spain.

Read more

-- OX2 buys 170-MW Swedish wind project from Stora Enso

Swedish renewables developer OX2 said it has purchased the rights to a 170-MW wind project in its home market from Finnish pulp and paper maker Stora Enso Oyj (HEL:STERV).

Read more

-- Bureau Veritas buys US renewables construction management firm

French testing, inspection and certification (TIC) services provider Bureau Veritas SA (EPA:BVI) has acquired Bradley Construction Management, a US firm that delivers project and construction management services for the renewable energy industry.

Read more

-- WindForce completes IPO in Sri Lanka

Sri Lankan independent power producer WindForce Limited (CSE:WIND-N-000) floated on the Colombo Stock Exchange after an initial public offering (IPO) that raised LKR 3.2 billion.

Read more

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

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

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription