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Weekly renewables M&A round-up (Aug 26-30)

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August 30 (Renewables Now) - Renewables Now covered M&A stories related to PNE, Senvion and others over the past week. Below is the full list of deals:

-- GIG unveils purchase of 47-MW Norwegian wind project

Green Investment Group Ltd (GIG), owned by Macquarie Group Ltd (ASX:MQG), said it has acquired a 47-MW wind project in Norway from Spanish Power.

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-- AboitizPower to buy 39.4-MW wind farm in Vietnam

Philippine power company Aboitiz Power Corp (PSE:AP) said it had made arrangements to purchase the 39.4-MW Dam Nai Wind onshore wind farm in Vietnam in a move to expand to foreign markets.

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-- Engie, Mirova get EC nod to jointly acquire Spanish solar co

The European Commission (EC) said it has approved the joint acquisition of Spain-based solar project company PSFV Palma del Rio SL by French investment manager Mirova and power utility Engie SA (EPA:ENGI).

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-- Eletrobras concludes sale of stakes in 187 MW of wind farms to J Malucelli

Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, announced it has concluded the transfer of its shares in 187 MW of wind farms in Brazil to J. Malucelli Project Manager and Risk Analysis Ltda.

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-- Total snaps up French renewables co Vents d'Oc

French oil and gas major Total SA (EPA:FP) has acquired compatriot Vents d'Oc Energies Renouvelables -- a renewable energy company with a project development portfolio of 200 MW, mostly wind.

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-- Siemens, KEPCO get EC nod to join Norwegian wind project

The European Commission (EC) has given the thumbs up to the proposed acquisition of stakes in the Stavro Vind wind project's owner in Sweden by Germany's Siemens AG (ETR:SIE) and South Korea's KEPCO.

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-- Solar Integrated Roofing Corp makes series of purchases

Solar Integrated Roofing Corporation (OTCMKTS:SIRC) has taken the merger and acquisition (M&A) road in a drive to build a national footprint in the field of solar and roofing installation.

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-- Morgan Stanley fund makes indicative proposal for Germany's PNE

German renewable energy firm PNE AG (ETR:PNE3), which mainly focuses on wind power, has received an indicative non-binding takeover offer from Morgan Stanley Infrastructure Partners (MSIP).

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-- Off-grid solar firm BBOXX raises USD 50m from Mitsubishi, others

BBOXX Limited, a London-based next generation utility that delivers solar home systems (SHS), has closed a USD-50-million Series D funding round led by Japanese trading major Mitsubishi Corporation (TYO:8058).

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-- Italy's PLC to take control of local unit of Schmack Biogas

Italian electrical infrastructure installer PLC SpA (BIT:PLC) announced it will take control of local biomethane supplier Schmack Biogas Srl.

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-- Norway's Scanship buys French Etia in waste-to-energy technology drive

Norwegian wastewater purifying company Scanship Holding ASA (FRA:213) agreed to purchase French thermal waste treatment engineering group Etia Ecotechnologies in a cash-and-stock deal worth EUR 19.7 million in a bid to increase its capacity.

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-- Eolus hands over 36-MW Swedish wind farm to KGAL

Swedish wind project developer Eolus Vind AB (STO:EOLU-B) said it has finalised the 36-MW Sotterfallan wind farm and then transferred ownership of the asset to KGAL.

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-- Sale of FRV's Indian solar asset lags, other options sought - report

Spain-based Fotowatio Renewable Ventures (FRV) will likely look for a new buyer of its 135-MW solar project in India after delays in the negotiations with suitor Hero Future Energies Pvt Ltd, newspaper Mint reports.

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-- Senvion makes final steps in M&A quest

Troubled wind turbine maker Senvion SE (ETR:SEN) said it has received “several advanced offers” for various core parts of its business but no suitors have so far emerged for its entire turbine business.

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-- Vestas to sell majority stake in three wind power plants in Romania for 136 mln euro

Danish wind turbine manufacturer Vestas said it has entered into an agreement to sell 80% of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for 136 million euro.

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-- CADE okays Total Eren's acquisition of two Voltalia wind assets in Brazil

Brazil's Administrative Council for Economic Defense (CADE) has approved without restrictions the acquisition by Paris-based independent power producer Total Eren SA of two wind projects held by the Brazilian unit of France's Voltalia SA (EPA:VLTSA).

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-- Adani Green to buy 205 MW Essel's solar assets for USD 181m

Indian company Essel Infraprojects Ltd has agreed to offload 205 MW of operational solar assets from its 658-MW portfolio to Adani Green Energy, part of domestic conglomerate Adani Group.

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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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