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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.