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Weekly renewables M&A round-up (Apr 2-Apr 8)

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April 9 (Renewables Now) - Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week April 2 - April 8:

-- India’s ReNew Power snaps up renewables developer Ostro

Indian renewables developer and operator ReNew Power Ventures Pvt Ltd has acquired domestic sector player Ostro Energy Pvt Ltd in a deal it says is its largest one in India, expanding its green energy portfolio to over 5,600 MW.

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-- SSE Airtricity buys stake in Irish solar installer - report

SSE Airtricity, an energy provider in Ireland and part of SSE Plc (LON:SSE), has purchased a stake of 40% in local solar installer Activ8 Solar Energies, the Irish Independent reports.

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-- Greencoat Renewables buys 11.5-MW wind farm in Ireland

Greencoat Renewables Plc (LON:GRP) said it has acquired the 11.5-MW Tullynamoyle 2 wind farm in County Leitrim, Ireland.

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-- GFG shares GBP-60m Scottish hydro plan whilst closing acquisition

The energy arm of Industrialist Sanjeev Gupta’s GFG Alliance has closed its previously announced acquisition of UK-based HPPs owner Green Highland Renewables (GHR) from Ancala Partners LLP.

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-- Engie closes purchase of off-grid solar firm Fenix

French utility Engie SA (EPA:ENGI) has closed the acquisition of Fenix International, an off-grid energy provider in Africa, the companies said.

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-- Mytrah Energy chairman agrees to take company private

Indian renewable power producer Mytrah Energy Ltd (LON:MYT) announced that its independent directors have approved a buyout bid that values the entire company at about GBP 78.9 million.

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-- EDF RE to acquire Fishermen’s 24-MW wind demo off Atlantic City

EDF Renewable Energy (EDF RE) has reached a preliminary agreement to buy Fishermen’s Energy LLC’s 24-MW pilot wind project off the US East Coast.

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-- Trading Emissions closes sale of 8.4-MW Italian solar park

Trading Emissions Plc (LON:TRE) said it has completed the sale of its entire shareholding in an 8.4-MW solar power plant in Italy.

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-- Stina preps to officially acquire insolvent maker of CellCube batteries

Stina Resources Ltd (CNSX:SQA) of Canada is getting ready to close the acquisition of insolvent Austrian energy storage batteries maker Gildemeister GmbH on or about April 11, 2018.

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-- Xcel officially acquires 150-MW NextEra wind project in N Dakota

Xcel Energy (NYSE:XEL) has taken possession of a 150-MW wind project in North Dakota and intends to start building the plant this summer, the utility said.

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-- TNB secures debt to refinance UK wind portfolio acquisition

Malaysian utility Tenaga Nasional Bhd (KLSE:TENAGA), or TNB, has struck a deal to obtain GBP 120 million in debt to refinance the acquisition of an 80% interest in two renewable energy firms, owners of a 26.1-MW wind portfolio in the UK.

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-- Greenbacker acquiring 25-MW community solar portfolio in Colorado

New York-based Greenbacker Renewable Energy Company LLC has bought the rights to a 25.2-MW solar portfolio in the state of Colorado from Oak Leaf Energy Partners.

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-- Enbridge wants to reduce stake in Hohe See offshore wind project - report

Canadian energy infrastructure company Enbridge Inc (TSE:ENB) wants to shed half of its stake in the 497-MW Hohe See offshore wind project off the coast of Germany as it seeks to cut debt, Bloomberg reports.

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-- Dalkia buys out Engie's stake in TIRU

Energy service provider Dalkia, a subsidiary of French power utility EDF (EPA:EDF), has completed the acquisition of the 25% stake of Engie (EPA:ENGI) in waste-to-energy company TIRU.

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-- ERG to buy French wind firm with 750-MW pipeline

Italian energy company ERG SpA (BIT:ERG) has agreed to acquire a couple of operating wind farms and a roughly 750-MW pipeline in France from a Dutch firm owned by Impax New Energy Investors II.

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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.

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