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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.