Weekly renewables M&A round-up (Apr 20-24)

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April 24 (Renewables Now) - Renewables Now covered M&A stories related to Clearway Energy, AES Tiete, Daimler and others over the past week. Below is the full list of deals:

-- Thai EGCO joins Taiwan's 640-MW Yunlin offshore wind project

Thailand’s Electricity Generating Public Co Ltd (EGCO Group) has acquired a 25% interest in the owner of the 640-MW Yunlin offshore wind project in Taiwan, it said.

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-- Partners Group formally takes control of VSB

Swiss private markets investment manager Partners Group Holding AG (SWX:PGHN) has finalised its acquisition of an 80% stake in German renewables developer and operator VSB Group.

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-- Foresight wraps up buy of Sweden's 231-MW Skaftasen wind project

UK investment manager Foresight Group LLP said it has completed the acquisition of the 231-MW Skaftasen wind farm project that is under construction in Sweden.

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-- Pearce Services enters renewables O&M market through M&A deals

Pearce Services LLC, a US firm that specialises in the provision of operation and maintenance (O&M) services in the telecommunications sector, is expanding into renewable energy.

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-- Encavis buys 55.4 MW of Dutch, German renewables assets

German wind and solar park operator Encavis AG (ETR:CAP) has expanded its portfolio with the acquisition of over 55 MW of renewable power plants in the Netherlands and Germany.

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-- Clearway Energy proceeds with investment in 482-MW wind portfolio

US power company Clearway Energy Inc (NYSE:NYLD) has signed binding deals with its sponsor, Clearway Group (CEG), to acquire or invest in a number of wind projects representing 482 MW of combined capacity.

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-- I Squared unloads 344-MW Taiwanese PV platform to Marubeni

Global infrastructure investment manager I Squared Capital has wrapped up the sale of Taiwanese solar firm Chenya Energy and its assets of over 340 MW to Japan’s Marubeni Corp.

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-- SPI Energy acquires 1.9-MW solar project in Oregon

Hong Kong-based photovoltaic (PV) solutions provider SPI Energy Co Ltd (NASDAQ:SPI) has closed the acquisition of a 1.89-MW solar project in the US state of Oregon.

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-- Solarpack closes sale to Ardian of stake in 49 MW of Peruvian PV

Spain’s Solarpack Corporacion Tecnologica SA (BME:SPK) said it has closed the sale of a 49% stake in two solar photovoltaic (PV) farms in Peru to a renewable energy investment fund managed by French investor Ardian Infrastructure.

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-- Innogy sells offshore service vessel to Hong Kong leasing co

German renewables developer Innogy SE (ETR:IGY) said it has sold its offshore installation vessel Seabreeze II, along with related equipment.

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-- Eneva pulls the plug on merger talks with AES Tiete

Brazilian energy company Eneva SA (B3:ENEV3), which was looking to take over AES Tiete Energia SA (B3:TIET11), has decided to end negotiations with the target company.

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-- Soitec formally exits holding co for S African CPV plant

French semiconductor materials maker Soitec (EPA:SOI) has concluded the divestiture of its 20% interest in the Touwsrivier concentrated photovoltaic (CPV) power plant in South Africa’s Western Cape province.

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-- Daimler Truck, Volvo agree to form hydrogen fuel cell JV

European truck and bus makers Daimler Truck AG and Volvo AB (STO:VOLV-B) have entered into a preliminary non-binding agreement to set up a joint venture (JV) to develop, produce and market hydrogen fuel cell systems for heavy-duty vehicles.

The Swedish group is to acquire a 50% in the JV for around EUR 0.6 billion.

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-- F2i wraps up acquisition of Spanish solar company Renovalia

Italian asset manager Fondi Italiani per le Infrastrutture, better known as F2i, said on Thursday it has completed the acquisition of Spanish solar power producer Renovalia Energy SA from Cerberus Capital Management LP.

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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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