Weekly renewables M&A round-up (Aug 30-Sep 3)

Mark Rubens/Shutterstock.com

September 3 (Renewables Now) - Renewables Now covered M&A stories about Shell, REC Group, Blattner, BASF and others over the past week. Below is the full list:

-- Galetech invests in wind O&M co Optinergy

Renewable energy company Galetech Group has bought “a majority stake” in Optinergy Ltd, a provider of operations and maintenance (O&M) services to the wind industry in Ireland, Northern Ireland and the UK.

Read more

-- Poland's R.Power buys 59-MWp solar project bundle in Portugal

Polish solar project developer R.Power announced it has acquired a 59-MWp portfolio of solar projects in Portugal and is looking for new investments in the Iberian country.

Read more

-- Brazil's CBA completes 171.6-MW wind portfolio acquisition

Brazilian aluminium producer CBA (BVMF:CBAV3) has finalised the acquisition of a 49% stake in a 171.6-MW wind portfolio from VTRM Energia, the joint venture formed by Votorantim Energia and Canada Pension Plan Investment Board (CPPIB).

Read more

-- BayWa r.e. sells 64.4-MWp solar farm in Poland to Alternus Energy

German renewables company BayWa r.e. AG announced that it has sold its 64.6-MWp Witnica solar farm in Poland to Ireland-based independent power producer Alternus Energy Group Plc (OSE:ALT).

Read more

-- Sonnedix buys 112 MWp of mature solar projects in Spain

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd has acquired a 112-MWp portfolio of solar PV projects under development in Spain, it said.

Read more

-- Shell, CoensHexicon set up Korean floating wind JV for 1.4-GW project

A unit of Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has formalised the creation of a joint venture with CoensHexicon Co Ltd with the objective of developing and operating a 1.4-GW floating wind farm off the south-east coast of South Korea.

Read more

-- Norway's IWS to buy 30% stake in Danish consultancy Peak Wind

Norwegian wind industry services provider Integrated Wind Solutions AS (IWS) has agreed to acquire a 30% stake in Peak Wind A/S, which offers operations and asset management advice and services for the offshore wind sector around the world.

Read more

-- EIG Partners buys 49-MW UK battery system from EDF

US institutional investor EIG Partners said it has acquired a 49-MW battery storage facility in Nottinghamshire, England, from UK-based EDF Energy.

Read more

-- UK trio forms 350-MW solar JV in New Zealand

UK solar project developer Hive Energy and compatriots Ethical Power and Solar South West (SSW) have set up a joint venture (JV) to deploy close to 350 MW of utility-scale photovoltaic (PV) capacity in New Zealand.

Read more

-- Reliance Industries nearing acquisition of Norway's REC - report

Indian conglomerate Reliance Industries Ltd (BOM:500325) is close to buying Norwegian solar module manufacturer REC Group from China National Chemical Corp, or ChemChina, in a deal worth up to USD 1.2 billion, the Economic Times reports.

Read more

-- TransAlta Renewables to buy 122-MW US solar portfolio from CIP

Canadian independent power producer (IPP) TransAlta Renewables Inc (TSE:RNW) said it has agreed to buy a 122-MW solar power plant portfolio in North Carolina from a fund managed by Copenhagen Infrastructure Partners (CIP).

Read more

-- Quanta Services to buy Blattner for up to USD 3bn

Quanta Services Inc (NYSE:PWR) has struck a deal worth up to USD 3 billion to take over Blattner Holding Company, which provides front-end engineering, procurement, project management and construction services to the renewable energy industry.

Read more

-- BASF buys 49.5% of Hollandse Kust Zuid offshore wind project

German chemicals company BASF SE (ETR:BAS) has closed the purchase of a 49.5% interest in the 1.5-GW Hollandse Kust Zuid (HKZ) offshore wind farm project in Dutch waters from Vattenfall AB for about EUR 300 million after receiving all necessary regulatory approvals.

Read more

More stories to explore
Share this story
Newsletter
Tags
 
About the author
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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\