Weekly renewables M&A round-up (Apr 23-Apr 29)

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May 1 (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 23 - April 29:

-- Aussie commercial solar installer AFT attracts investor

Aussie commercial solar installer AFT Corporation Limited (ASX:AFT) announced plans for a partnership with NESI Solar Australia Pty Ltd (NESI) that will allow it to expand into Australia's solar farm sector.

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-- Foresight buys 83-MW UK wind portfolio

London-based investment manager Foresight Group LLP announced that it bought an 83-MW wind power portfolio in addition to the five solar assets disclosed last week.

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-- Battery storage draws USD 299m of corp funding in Q1 2018

The global battery storage sector has raised a total of USD 299 million in corporate funding in the first quarter of 2018, which marks a near doubling from the prior three months and a 273.8% jump on the year.

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-- NTR adds 28-MW wind project to Irish portfolio

Irish green asset manager NTR Plc has acquired a 28-MW wind power project in the West of Ireland from unnamed local private project developers.

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-- Hexicon to manufacture floating wind platforms in Korea via new JV

Swedish engineering company Hexicon AB plans to transfer its floating wind platform technology to a new joint venture in South Korea, where it will offer serial production of locally-made units.

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-- Aussie energy storage co Redflow to raise USD 14m in equity capital

Australian energy storage firm Redflow Ltd (ASX:RFX) plans to raise AUD 18.1 million in equity capital as it seeks to scale up battery production and increase sales both at home and overseas.

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-- Leonardo DiCaprio backs off-grid solar firm Kingo

American actor and environmental activist Leonardo DiCaprio has made an investment of an undisclosed amount in Kingo Energy, a Guatemala-based provider of a pre-paid solar energy service.

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-- Ideol to raise EUR 15m, teams up with Macquarie in Japan

French floating foundations developer Ideol said today it has agreed a EUR-15-million capital funding round and unveiled a pact for the development of Japan’s first utility-scale commercial floating offshore wind farm.

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-- Van Oord sells 10% in 600-MW offshore wind farm

Dutch offshore contractor Van Oord has sold its 10% stake in the 600-MW Gemini offshore wind farm near the Dutch coast for an undisclosed sum.

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-- Elia closes purchase of EUR-989m stake in 50Hertz

Belgian transmission system operator (TSO) Elia System Operator NV (EBR:ELI) has concluded the acquisition of an additional 20% stake in 50Hertz Transmission GmbH and now holds an 80% interest in the company.

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-- Enel ups bid for Brazil's Eletropaulo, again

Italy’s Enel SpA (BIT:ENEL) has once again decided to sweeten its bid for Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3), increasing it to just above a rival offer from a Brazilian unit of Spain’s Iberdrola SA (BME:IBE).

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-- E.on initiates takeover offer for Innogy minority stake

German utility E.on SE (ETR:EOAN) today kicked off a voluntary public takeover offer of EUR 38.40 per share targeting the minority stake in Innogy SE (ETR:IGY) not currently held by RWE AG (ETR:RWE).

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-- Winning bidder gets licence for Burbo Bank Extension link

UK energy regulator Ofgem said on Thursday it has granted a licence to Diamond Transmission Partners (DTP) to own and operate the GBP-193.9-million offshore transmission link to the Burbo Bank Extension wind farm.

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-- Kroma Energia seeks partners for Pernambuco PV projects - report

Brazil's Kroma Energia is looking for partners for the development of up to 150 MW of solar projects in Pernambuco state, the firm's president Rodrigo Pedroso told Reuters.

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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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