Weekly renewables M&A round-up (Aug 20-26)

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August 27 (Renewables Now) - Renewables Now covered M&A stories related to Pattern Energy, Macquarie, 50Hertz and Tesla over the past seven days. Below is the full list of deals:

-- AIIM buys majority stakes in 800 MW of S African renewable energy projects

Private equity fund manager African Infrastructure Investment Managers (AIIM) has acquired majority stakes in a portfolio of nine wind and solar projects in South Africa with a combined value of 800 MW.

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-- Greenko's acquisition of Orange hangs in the balance - report

The planned USD-1-billion acquisition of Orange Renewables Singapore by India’s Greenko Energy Holdings may not be executed after all, the Economic Times (ET) reports.

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-- Tekmar to buy oil and gas business with plans for offshore wind growth

UK subsea cable protection systems supplier Tekmar Group Plc (LON:TGP) said it has signed a deal to buy sector player Subsea Innovation Ltd for a maximum consideration of GBP 4 million.

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-- Pattern Energy exits 115-MW Chilean wind farm ownership

Pattern Energy Group Inc (NASDAQ:PEGI) has left the Chilean market after selling its stake in the 115-MW El Arrayan Wind park for USD 70.5 million in cash.

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-- FRV solar asset in India lures Edelweiss, Sprng Energy - report

Spain-based Fotowatio Renewable Ventures (FRV) is looking to sell its only solar power project in India, according to a report by Mint.

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-- Digital utility Arcadia Power bags USD 25m in Series B round

US renewables-focused digital utility Arcadia Power has closed a USD-25-million Series B funding round and secured over 120 MW of new capacity for a community solar programme.

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-- Antofagasta parts with USD-28m stake in Chilean wind park

Chilean conglomerate Antofagasta Plc (LON:ANTO) said that its Antofagasta Minerals unit has sold its 29.25% stake in the 115-MW El Arrayan Wind Farm for USD 28 million.

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-- KfW concludes minority investment in 50Hertz

German state-owned bank KfW is now the owner of a 20% stake in transmission system operator (TSO) 50Hertz Transmission GmbH after the closing of a couple of previously announced transactions.

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-- Macquarie fund buys majority of 322-MW Mexican solar portfolio

A fund managed by Macquarie Infrastructure and Real Assets (MIRA) has entered into an agreement to buy 90% of a 322-MW solar portfolio in Mexico, local media report, quoting a statement.

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-- India's Rays Power Infra seeks to raise up to USD 100m - report

Indian solar plant builder Rays Power Infra Pvt Ltd is looking to raise between USD 60 million and USD 100 million in funding, an official told The Hindu BusinessLine.

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-- Gibraltar Industries buys US solar balance of systems provider

US building products company Gibraltar Industries Inc (NASDAQ:ROCK) said it has bought SolarBOS, a California-based firm that offers electrical balance of systems products for the solar energy market.

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-- PTC India ponders leaving wind power generation - report

PTC India Ltd (BOM:532524) is considering exiting the wind power generation business and is looking for an interested investor, Mint reports, quoting two people aware of the development.

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-- Mitsubishi takes control of solar, energy trading firms in Boston

Diamond Generating Corp, a unit of Japan’s Mitsubishi Corp (TYO:8058), announced “substantial investments” in commercial-scale solar projects firm Nexamp Inc and in Boston Energy Trading and Marketing LLC.

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-- Musk gives up on taking Tesla private

Existing shareholders of Tesla Inc (NASDAQ:TSLA) have convinced Elon Musk to let go of his plan to take the US electric vehicles (EVs) maker private, the CEO announced.

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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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