Weekly renewables M&A round-up (Aug 15-19)

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August 19 (Renewables Now) - Renewables Now covered M&A stories about BlackRock, F2i, Mubadala, Genex Power and others in the past week. Below is the full list:

-- F2i, Credit Agricole Assurances buying 483 MW of Spanish wind

Italian infrastructure fund F2i and French insurer Credit Agricole Assurances have agreed to buy a portfolio of wind farms in operation and under development in northern Spain totalling close to 500 MW.

Read more: https://renewablesnow.com/news/f2i-credit-agricole-assurances-buying-483-mw-of-spanish-wind-794807/

-- Keppel to buy 25% of Germany's Borkum Riffgrud 2 wind farm

Singaporean conglomerate Keppel Corp Ltd (SGX:BN4) and one of its units will pour EUR 305 million in a deal that will see them collectively buy 25% of the 465-MW Borkum Riffgrund 2 offshore wind farm in the German North Sea.

Read more: https://renewablesnow.com/news/keppel-to-buy-25-of-germanys-borkum-riffgrud-2-wind-farm-794815/

-- Torrent Power seen as frontrunner to buy GIP's Vector Green - report

Indian power producer Torrent Power is leading the race to buy Vector Green Energy from Global Infrastructure Partners (GIP) for INR 50 billion, the Economic Times (ET) reports, citing several people aware of the development.

Read more: https://renewablesnow.com/news/torrent-power-seen-as-frontrunner-to-buy-gips-vector-green-report-794830/

-- Gresham House acquires another 20-MW UK solar asset from Anesco

Alternative asset manager Gresham House Plc (LON:GHE) has acquired a 20-MW solar project in the UK from renewables developer Anesco, marking the fourth transaction under a 200-MW partnership between the two companies.

Read more: https://renewablesnow.com/news/gresham-house-acquires-another-20-mw-uk-solar-asset-from-anesco-794846/

-- ALH Group invests in 597-MW EnBW solar farm portfolio

Insurance group Alte Leipziger Hallesche, or ALH Group, has signed a deal to indirectly acquire a 49.9% stake in a 597-MW solar farm portfolio in Germany belonging to energy supplier EnBW Energie Baden-Wuerttemberg AG.

Read more: https://renewablesnow.com/news/alh-group-invests-in-597-mw-enbw-solar-farm-portfolio-794856/

-- SWM, EWG team up to build new geothermal plant near Munich

German municipal utilities Stadtwerke Muenchen (SWM) and Erdwaerme Gruenwald (EWG) have formed a joint venture to build a new geothermal plant near Munich, tapping on the region's deep geothermal energy potential.

Read more: https://renewablesnow.com/news/swm-ewg-team-up-to-build-new-geothermal-plant-near-munich-794859/

-- Coal miner Seriti to acquire Windlab's African business

Australian wind farm operator and project developer Windlab Pty Ltd has agreed to sell its African business to a group headed by the renewables arm of South African coal miner Seriti Resources Holdings Pty Ltd for ZAR 892 million.

Read more: https://renewablesnow.com/news/coal-miner-seriti-to-acquire-windlabs-african-business-794910/

-- BlackRock Real Assets to invest in build-out of 1 GW of batteries in Australia

A fund managed by BlackRock Real Assets has agreed to acquire battery storage and renewable energy developer Akaysha Energy and to make a hefty investment in the Australian company’s 1-GW-plus portfolio of energy storage projects.

Read more: https://renewablesnow.com/news/blackrock-real-assets-to-invest-in-build-out-of-1-gw-of-batteries-in-australia-794936/

-- Jera to buy 35% in owner of 600-MW renewables portfolio in Vietnam

Japanese utility Jera Co Inc has agreed to buy a stake of around 35.1% in Gia Lai Electricity JSC (HOSE:GEG), a Vietnam-based renewable energy company with 600 MW of assets in operation and under construction.

Read more: https://renewablesnow.com/news/jera-to-buy-35-in-owner-of-600-mw-renewables-portfolio-in-vietnam-794979/

-- Invinity, US Vanadium plan JV to make vanadium flow batteries in US

Invinity Energy Systems Plc (LON:IES) said it has signed a non-binding memorandum of understanding (MoU) with US Vanadium LLC to form a joint venture (JV) to produce and sell vanadium flow batteries in the US to capture growing demand.

Read more: https://renewablesnow.com/news/invinity-us-vanadium-plan-jv-to-make-vanadium-flow-batteries-in-us-794980/

-- Einhundert, Triodos JV to invest EUR 70m in rooftop solar in Germany

German green energy supplier Einhundert Energie GmbH and a fund managed by Netherlands-based Triodos Investment Management have formed a joint venture to invest up to EUR 70 million in rooftop solar photovoltaic (PV) systems on multi-tenant buildings across Germany.

Read more: https://renewablesnow.com/news/einhundert-triodos-jv-to-invest-eur-70m-in-rooftop-solar-in-germany-794997/

-- Pampa Energia takes full control of 100-MW wind farm in Argentina

Argentina’s utility Pampa Energia SA (BCBA:PAMP) has taken full ownership of Greenwind SA, the entity behind the Mario Cebreiro Wind Farm (PEMC) with an installed capacity of 100 MW.

Read more: https://renewablesnow.com/news/pampa-energia-takes-full-control-of-100-mw-wind-farm-in-argentina-795027/

-- SUSI Partners buys 100-MW battery storage portfolio in South Texas

Swiss fund manager SUSI Partners, through flagship energy transition fund SETF, is acquiring a 100-MW portfolio of ready-to-build battery energy storage projects in South Texas from developer SMT Energy.

Read more: https://renewablesnow.com/news/susi-partners-buys-100-mw-battery-storage-portfolio-in-south-texas-795049/

-- Energiedienst snaps up Swiss rooftop solar specialist Alectron

German-Swiss power producer EnergieDienst Holding AG (SWX:EDHN) has acquired Swiss solar specialist Alectron AG to strengthen its position as a solution provider for renewable energy.

Read more: https://renewablesnow.com/news/energiedienst-snaps-up-swiss-rooftop-solar-specialist-alectron-795050/

-- Pivot Energy acquires community solar developer SGC Power

US distributed energy projects developer Pivot Energy has taken over Maryland-based community solar specialist SGC Power to pursue substantial growth over the years to come.

Read more: https://renewablesnow.com/news/pivot-energy-acquires-community-solar-developer-sgc-power-795060/

-- Skip, Stonepeak sweeten bid for Australia's Genex Power

Private investment fund Skip Capital and alternative investor Stonepeak Partners LLC have raised their takeover proposal for Australia’s Genex Power Ltd (ASX:GNX), now offering to acquire the renewable energy developer for AUD 347.5 million.

Read more: https://renewablesnow.com/news/skip-stonepeak-sweeten-bid-for-australias-genex-power-795083/

-- Denham Capital to shed 2.7-GW Nexif Energy portfolio to Ratch

US private equity investor Denham Capital has clinched a deal to sell the 2.7-GW portfolio of Australian and Southeast Asian clean energy assets of its Singaporean platform Nexif Energy in a deal worth USD 605 million in equity.

Read more: https://renewablesnow.com/news/denham-capital-to-shed-27-gw-nexif-energy-portfolio-to-ratch-795098/

-- Sonnedix buys 118-MW of solar projects in Italy

Sonnedix Power Holdings Ltd has acquired a portfolio of 117.8 MW of ready-to-build solar photovoltaic (PV) projects in Italy from Graziella Holding and other minority sellers.

Read more: https://renewablesnow.com/news/sonnedix-buys-118-mw-of-solar-projects-in-italy-795118/

-- BlackRock Real Assets to buy out Taiwanese solar developer NGP

A private climate infrastructure fund managed by BlackRock Real Assets has agreed to take full ownership of majority-owned Taiwanese solar developer and operator New Green Power (NGP).

Read more: https://renewablesnow.com/news/blackrock-real-assets-to-buy-out-taiwanese-solar-developer-ngp-795215/

-- Polish renewables firm Figene seeks strategic investor, hires advisor

Polish renewable energy company Figene Capital SA has appointed international investment bank DC Advisory to help it find a financial or strategic investor willing to support the firm in developing its project portfolio.

Read more: https://renewablesnow.com/news/polish-renewables-firm-figene-seeks-strategic-investor-hires-advisor-795331/

-- BlackRock, Mubadala close 1st-tranche investment in Tata Power Renewables

BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company have completed the first tranche of their planned INR-40-billion investment in the renewable energy arm of India’s Tata Power Co Ltd (BOM:500400).

Read more: https://renewablesnow.com/news/blackrock-mubadala-close-1st-tranche-investment-in-tata-power-renewables-795346/

-- Germany's EnBW seeks partners for power grid business

German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) is putting 49.9% of its transmission system operator TransnetBW up for sale to secure financing for its investment plans in grids and renewables.

Read more: https://renewablesnow.com/news/germanys-enbw-seeks-partners-for-power-grid-business-795380/

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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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