Weekly renewables M&A round-up (Apr 6-10)

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April 10 (Renewables Now) - Renewables Now covered M&A stories related to Total SA, Senvion, Equinor and others over the past week. Below is the full list of deals:

-- CUI Global closes buy of solar EPC firm Reach

CUI Global Inc (NASDAQ:CUI) announced the completion of its takeover of solar-focused engineering, procurement and construction (EPC) firm Reach Construction Group LLC.

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-- Danish pension funds buy 50% in 594 MW of Longroad PV projects

Longroad Energy has secured the needed funds to start building its 215-MW Little Bear Solar complex in California, while also selling 50% stake in it and an under-construction plant in Texas.

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-- Total pays USD 484m for stake in Indian solar JV with Adani Green

French oil and gas group Total SA (EPA:FP) has officially invested INR 37.07 billion to get a 50% stake in an equally-owned solar power joint venture (JV) with India’s Adani Green Energy Ltd (BOM:541450).

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-- Sonnedix buys 5.5 MW of PV parks in Japan

Independent power producer Sonnedix Power Holdings Ltd said that its Japanese unit has completed the acquisition of two solar photovoltaic (PV) farms totalling 5.5 MW in Japan’s Shimane prefecture.

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-- Q1 solar sector funding down by 30% due to coronavirus - Mercom

Due to the impact of the COVID-19 crisis global corporate solar funding in January-March 2020 fell by 31% year-on-year and by 30% quarter-on-quarter to USD 1.9 billion, Mercom Capital Group announced.

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-- ReneSola closes 15-MW solar sale in Hungary to Obton

Solar project developer ReneSola (NYSE:SOL) has finalised the sale of a 15-MW solar portfolio in Hungary to Denmark-based renewables investor and asset manager Obton.

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-- Senvion agrees to shed Indian subsidiary

German wind turbine maker Senvion SE (ETR:SEN) has agreed to offload its Indian manufacturing operations to an unnamed strategic investor, thus exiting the local market.

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-- Equinor buys into Brazilian solar DG, battery storage co Micropower

A corporate venture unit of Norwegian company Equinor (OSE:EQNR) has taken a stake in Brazil-based battery storage systems and solar distributed generation (DG) company Micropower Comerc Energia SA (MPC).

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-- Ikea owner buys into 403 MW of US solar parks

Ingka Group, the owner and operator of Ikea stores, has acquired minority interests in 403 MW of solar photovoltaic (PV) parks in the US from Copenhagen Infrastructure Partners (CIP).

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-- Copel buys into 4-MW solar DG venture

Brazilian power utility Companhia Paranaense de Energia (BVMF:CPLE6), better known as Copel, is acquiring a 49% stake in a 4-MW solar distributed generation (DG) portfolio.

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-- Photon Energy buys stake in Aussie solar-hydro storage co RayGen

Amsterdam-based Photon Energy NV (WSE:PEN) has bought a minority stake in Australia’s RayGen Resources Pty Ltd with which it will develop a 100-MWp/1,000-MWh solar-plus-storage project.

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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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