Weekly renewables M&A round-up (Aug 19-23)

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August 23 (Renewables Now) - Renewables Now covered M&A stories related to Macquarie's GIG, Statkraft and others over the past week. Below is the full list of deals:

-- OX2 to sell 60 MW of Finnish wind projects to Infracapital

Swedish renewables developer OX2 has agreed to sell two pre-construction onshore wind projects in Finland totalling 60 MW to Infracapital, the infrastructure equity investment arm of M&GPrudential.

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-- Ares invests in utility-scale solar developer Heelstone Energy

Ares Management Corporation (NYSE:ARES), through its Infrastructure and Power (AIP) strategy, has invested in utility-scale solar developer Heelstone Energy.

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-- PowerGen buys micro-grid firm Rafiki Power from E.on

Pan-African micro-grid company PowerGen Renewable Energy has formally acquired E.on Off-Grid Solutions GmbH, which operates under the Rafiki Power brand in Africa.

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-- ERG to buy 34-MW wind portfolio in Germany

Italian energy company ERG SpA (BIT:ERG) said it has agreed to acquire a portfolio of three wind parks in Germany with a combined capacity of 34 MW.

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-- CPFL Energia's board gives green light to buyout of renewables arm

The board of directors of Brazilian energy company CPFL Energia (BVMF:CPFE3) has approved the acquisition of State Grid Brazil Power Participacoes SA's shares in CPFL Energias Renovaveis (BVMF:CPRE3).

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-- Syzygy obtains USD 5.8m to develop renewables-powered chemical reactor

Syzygy Plasmonics Inc has raised USD 5.8 million in Series A funding to continue work on a photocatalytic chemical reactor that runs on light from renewable power rather than heat from burning fuel.

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-- Capital Dynamics to buy 68-MW wind portfolio in N Ireland

Swiss private asset manager Capital Dynamics said that it has signed a deal to buy a 68-MW wind portfolio in Northern Ireland from Brookfield Renewable Partners.

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-- GlidePath plans battery additions to newly acquired wind portfolio in Texas

US energy storage developer GlidePath Power Solutions said it has bought a 149-MW portfolio of distributed wind projects in North Texas, with plans to add batteries at their sites.

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-- Gresham House's storage fund grows portfolio with 5 MW buy

Gresham House Energy Storage Fund Plc (LON:GRID) has closed the acquisition of a 5-MW battery-only project in Wolverhampton for an enterprise value of GBP 3.5 million.

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-- Axpo sells 70 MW of French wind farms to EB Erneuerbare

Switzerland-based utility Axpo announced it is selling four French wind farms with a combined capacity of 70.15 MW to EB Erneuerbare Energien Fonds Europa.

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-- Statkraft takes over Scottish onshore wind developer Airvolution

Norwegian state-owned utility Statkraft AS has taken over UK onshore wind developer Airvolution Clean Energy Ltd, with plans to double in size its Glasgow office.

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-- ALE, Giant Taiwan form JV to work on Formosa I Phase II

UK heavylift provider ALE has set up a joint venture with Giant Taiwan to deliver the onshore handling, transportation and storage of turbine foundations for the second phase of the 128-MW Formosa I offshore wind project in Taiwanese waters.

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-- De Raj Group to buy 99 MWp of solar capacity in Europe

German renewable and conventional generation company De Raj Group AG (ETR: DRJ) plans to acquire a series of solar power plants in Europe with a combined capacity of 99 MWp.

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-- Ormat sells membership interests in 48-MW geothermal plant

A subsidiary of Ormat Technologies Inc (NYSE:ORA) will receive up to USD 68.3 million from selling membership interests in a 48-MW geothermal plant in Nevada.

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-- Encavis to enhance solar O&M ops with investment in Stern Energy

German wind and solar park operator Encavis AG (ETR:CAP) said it has bought a 30% stake in solar operation and management (O&M) firm Stern Energy SpA with 550 MW of servicing capacity.

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-- Macquarie's GIG buys 42-MW wind farm in Poland

Green Investment Group Ltd (GIG), owned by Macquarie Group Ltd (ASX:MQG), said it has acquired a 42-MW wind farm in Poland, making its first investment in the country.

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-- Wind turbines installer Windhoist finds PE owner

UK-based private equity firm STAR Capital Partnership LLP said it has taken over wind turbine installation contractor Windhoist Holdings for an undisclosed sum.

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-- Statkraft acquires EV charging co E-Wald in Germany

Norwegian state-owned utility Statkraft AS has taken over Bavaria-based firm E-Wald GmbH in a drive to bolster its position in the German electric vehicle (EV) charging market.

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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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