Weekly renewables M&A round-up (Apr 4-8)

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April 8 (Renewables Now) - Renewables Now covered M&A stories about Ørsted, Mitsui, Repsol, Adani and others in the past week. Below is the full list:

-- Aquila Capital buys 30-MW bundle of Finnish wind farms

Finnish company Pohjoistuuli and its partners have offloaded a roughly 30-MW portfolio of Finnish onshore wind parks to Hamburg-based investment manager Aquila Capital.

Read more: https://renewablesnow.com/news/aquila-capital-buys-30-mw-bundle-of-finnish-wind-farms-779528/

-- Greencoat Renewables to snap up EUR-350m stake in Borkum Riffgrund 1

Greencoat Renewables Plc (LON:GRP) has struck a deal to buy a 50% interest in the 312-MW Borkum Riffgrund 1 offshore wind park in a deal that marks the investor’s entry into Germany.

Read more: https://renewablesnow.com/news/greencoat-renewables-to-snap-up-eur-350m-stake-in-borkum-riffgrund-1-779557/

-- PGE grows Polish onshore wind portfolio with 84-MW purchase

PGE Polska Grupa Energetyczna SA (WSE:PGE) said it will buy an 84.2-MW portfolio of wind parks in Poland in a deal that will lift its installed onshore capacity at home to over 770 MW.

Read more: https://renewablesnow.com/news/pge-grows-polish-onshore-wind-portfolio-with-84-mw-purchase-779596/

-- ACEN, ib vogt to develop 1 GW of large-scale solar projects in Asia

German solar developer ib vogt GmbH and Philippine power producer ACEN (PSE:ACEN) have struck an agreement to create a platform that will promote at least 1 GW of large-scale solar projects across Asia in the coming years.

Read more: https://renewablesnow.com/news/acen-ib-vogt-to-develop-1-gw-of-large-scale-solar-projects-in-asia-779649/

-- Estonia's Sunly completes acquisition of Polish solar developer Alseva

Sunly AS, Estonia-based renewables developer and independent power producer (IPP), announced it has finalised the acquisition of a 100% stake in Polish solar PV specialist Alseva Group.

Read more: https://renewablesnow.com/news/estonias-sunly-completes-acquisition-of-polish-solar-developer-alseva-779693/

-- Malaysia's TNB buys 97-MW UK wind portfolio from Capital Dynamics

Asset manager Capital Dynamics has closed the sale of a 97.3-MW onshore wind portfolio in the UK to Vantage RE Ltd, a unit of Malaysian utility Tenaga Nasional Bhd (KLSE:TENAGA).

Read more: https://renewablesnow.com/news/malaysias-tnb-buys-97-mw-uk-wind-portfolio-from-capital-dynamics-779712/

-- Energiekontor sells 34 MW onshore wind project in Scotland

German renewables developer and operator Energiekontor AG (ETR:EKT) has offloaded a 34-MW subsidy-free onshore wind project in Scotland to Switzerland-based asset manager and clean energy investor Capital Dynamics.

Read more: https://renewablesnow.com/news/energiekontor-sells-34-mw-onshore-wind-project-in-scotland-779737/

-- 547 Energy invests USD 250m in Irish renewables developer Aer Soleir

The Quantum Energy Partners-backed clean energy investment platform, 547 Energy International LLC, has made a USD-250-million equity funding commitment to Irish renewable energy developer Aer Soleir.

Read more: https://renewablesnow.com/news/547-energy-invests-usd-250m-in-irish-renewables-developer-aer-soleir-779809/

-- Direct air capture expert Climeworks raises CHF 600m in equity funding

Direct air capture (DAC) technology developer Climeworks AG is raising CHF 600 million of financing in an equity funding round co-led by Partners Group and GIC.

Read more: https://renewablesnow.com/news/direct-air-capture-expert-climeworks-raises-chf-600m-in-equity-funding-779859/

-- IKEA retailer buys 440-MW solar project bundle in Europe from Enerparc

The investment arm of Ingka Group, the biggest retailer in the IKEA franchisee system, announced it has bought a 440-MW solar photovoltaic (PV) project portfolio in Germany and Spain from developer Enerparc AG.

Read more: https://renewablesnow.com/news/ikea-retailer-buys-440-mw-solar-project-bundle-in-europe-from-enerparc-779910/

-- Ørsted to take majority in 100-MW Scottish floating wind project

Danish sustainable energy company Ørsted A/S (CPH:ORSTED) has agreed to buy an 80% stake in the 100-MW Salamander floating wind project off the east coast of Scotland, thus joining Simply Blue Group and Subsea 7 in co-developing the scheme.

Read more: https://renewablesnow.com/news/rsted-to-take-majority-in-100-mw-scottish-floating-wind-project-779967/

-- Spain's Greenalia swings to profit in 2021, expands in US market

Spanish renewables company Greenalia SA (BME:GRN) returned to profit in 2021, reporting a consolidated net income of EUR 12 million compared to a half-a-million-euro loss recorded in the previous fiscal year.

Read more: https://renewablesnow.com/news/spains-greenalia-swings-to-profit-in-2021-expands-in-us-market-780033/

-- Mitsui to buy into ReNew's 1.3-GW Indian renewables hybrid

Japanese trading house Mitsui & Co Ltd (TYO:8031) has agreed to invest an undisclosed amount in a 1,300-MW hybrid renewable energy project in India as part of a new partnership with its developer, ReNew Power (NASDAQ:RNWWW).

Read more: https://renewablesnow.com/news/mitsui-to-buy-into-renews-13-gw-indian-renewables-hybrid-780036/

-- Aquila form Korean JV with big plans for wind, solar and storage

Aquila Capital has formed a joint venture to develop and build hundreds of megawatts of wind, solar and energy storage capacity in South Korea, the Hamburg-based investment manager said.

Read more: https://renewablesnow.com/news/aquila-form-korean-jv-with-big-plans-for-wind-solar-and-storage-780041/

-- Repsol, others invest over USD 200m in biofuels co Enerkem

Canadian biofuels and renewable chemicals producer Enerkem has closed a CAD-255-million financing round led by Spanish multi-energy company Repsol SA (BME:REP).

Read more: https://renewablesnow.com/news/repsol-others-invest-over-usd-200m-in-biofuels-co-enerkem-780063/

-- Greencoat Renewables buys 21-MW Spanish wind farm from Alfanar

Irish infrastructure investment firm Greencoat Renewables Plc (LON:GRP) announced the acquisition of a 21-MW wind farm in Spain from Alfanar Global Development.

Read more: https://renewablesnow.com/news/greencoat-renewables-buys-21-mw-spanish-wind-farm-from-alfanar-780081/

-- Mitsui closes USD-575m investment in Mainstream

Japanese trader Mitsui & Co Ltd (TYO:8031) has concluded its acquisition of a 27.5% interest in Mainstream Renewable Power from Aker Horizons ASA (OSE:AKH) for EUR 575 million, the parties announced.

Read more: https://renewablesnow.com/news/mitsui-closes-usd-575m-investment-in-mainstream-780120/

-- Efuel company HIF Global closes funding round

HIF Global, a developer of electricity based fuels (efuels) operating in the US, Chile and Australia, said it has raised about USD 260 million from equity investors.

Read more: https://renewablesnow.com/news/efuel-company-hif-global-closes-funding-round-780155/

-- Matrix to buy 105-MW solar-plus-storage project from Recurrent Energy

Matrix Renewables, the TPG Rise-backed renewables platform, has agreed to buy a 105-MW solar project in California with 80 MWh of energy storage capacity from Recurrent Energy LLC, part of Canadian Solar Inc (NASDAQ:CSIQ).

Read more: https://renewablesnow.com/news/matrix-to-buy-105-mw-solar-plus-storage-project-from-recurrent-energy-780156/

-- BayWa r.e. acquires solar-plus-storage project in UK

German renewables company BayWa r.e. AG has acquired the rights to the Driffield project near Kingston-upon-Hull in Yorkshire, England, where it will install a 45-MWp solar farm with 30 MW of co-located battery storage.

Read more: https://renewablesnow.com/news/baywa-re-acquires-solar-plus-storage-project-in-uk-780180/

-- Aspen Power to buy 53 MW of community solar projects in Mid-Atlantic

Dallas-based distributed generation platform Aspen Power Partners is acquiring 53 MW of community solar projects in Maryland and Pennsylvania from Illinois-headquartered solar developer Trajectory Energy Partners.

Read more: https://renewablesnow.com/news/aspen-power-to-buy-53-mw-of-community-solar-projects-in-mid-atlantic-780210/

-- Long-duration energy storage developer e-Zinc raises USD 25m

Toronto-based zinc-air battery company e-Zinc has raised USD 25 million in a Series A funding round led by Anzu Partners on the path to initiating pilot production of its first commercial energy storage systems for field deployment.

Read more: https://renewablesnow.com/news/long-duration-energy-storage-developer-e-zinc-raises-usd-25m-780238/

-- Abu Dhabi's IHL to invest USD 2bn in Adani Green, other group cos

Abu Dhabi-based conglomerate International Holding Company PJSC (IHC) will invest around USD 2 billion as primary capital in three portfolio companies of India’s Adani Group, including its renewable energy platform.

Read more: https://renewablesnow.com/news/abu-dhabis-ihl-to-invest-usd-2bn-in-adani-green-other-group-cos-780281/

-- Solariant to sell majority stake in another 50-MW Japanese biomass project

US renewables developer and investor Solariant Capital LLC announced it will sell a majority stake in its 50-MW Tahara biomass power project in Japan’s Aichi prefecture to a consortium of Japanese companies.

Read more: https://renewablesnow.com/news/solariant-to-sell-majority-stake-in-another-50-mw-japanese-biomass-project-780330/

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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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