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

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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.

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-- 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.

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-- 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.

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-- 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.

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-- 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.

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-- 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).

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-- 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.

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-- 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.

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-- 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.

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-- 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.

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-- 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).

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-- 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.

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-- 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.

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-- 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.

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-- 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.

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-- 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).

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-- 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.

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-- 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.

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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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