Renewables Now covered M&A stories about Pattern Energy, Innergex, Adani Green, and others in the past week. Below is the full list:
-- Pattern Energy closes sale of Japanese renewable energy assets
US clean energy developer and operator Pattern Energy Group LP has finalised the divestment of its Japanese assets and its entire holding in Japan-based affiliate Green Power Investment Corp (JPI).
Read more: https://renewablesnow.com/news/pattern-energy-closes-sale-of-japanese-renewable-energy-assets-830554/
-- AXA unit to buy into 2-GW Iberian renewables platform Finerge
Alternative investor AXA IM Alts, a division of French insurer Axa SA (EPA:CS), has sealed an agreement to acquire a 25% stake in Finerge, an Iberian renewables platform with almost 2 GW of assets in operation.
Read more: https://renewablesnow.com/news/axa-unit-to-buy-into-2-gw-iberian-renewables-platform-finerge-830537/
-- Innergex to sell 30% stake in French renewables portfolio
Canada’s Innergex Renewable Energy Inc (TSE:INE) said on Monday that it has signed an agreement with French insurer Credit Agricole Assurance to obtain an investment of EUR 128.0 million (USD 140.8m) in exchange for a 30% minority interest in its portfolio in France.
Read more: https://renewablesnow.com/news/innergex-to-sell-30-stake-in-french-renewables-portfolio-830619/
-- QIA buys minority stake in India's Adani Green
Qatar Investment Authority (QIA) has acquired roughly INR 39 billion (USD 473.4m/EUR 410.1m) worth of shares in Adani Green Energy Ltd (BOM:541450), the renewables business of India’s Adani Group.
Read more: https://renewablesnow.com/news/qia-buys-minority-stake-in-indias-adani-green-830655/
-- STANLIB to take control of South African solar installer Solareff
South African investment firm STANLIB Asset Management has sealed a deal to acquire a controlling stake in domestic solar installer Solareff Ltd as well as in its electric vehicle (EV) charging infrastructure subsidiary GridCars.
Read more: https://renewablesnow.com/news/stanlib-to-take-control-of-south-african-solar-installer-solareff-830685/
-- Sandbrook, partners to buy Germany's NeXtWind in USD-750m deal
Private investment firm Sandbrook Capital and two of its partners have agreed to acquire NeXtWind Capital Ltd, a German wind farm owner and power producer, committing up to USD 750 million (EUR 683.3m) in equity.
Read more: https://renewablesnow.com/news/sandbrook-partners-to-buy-germanys-nextwind-in-usd-750m-deal-830769/
-- Galp pumps USD 5m into US electrolyser start-up Verdagy
Portuguese oil-and-gas major Galp Energia SGPS SA (ELI:GALP) said that it has made a USD-5-million (EUR 4.55m) investment into US electrolyser developer Verdagy to support the launch of its 20-MW machine for industrial applications.
Read more: https://renewablesnow.com/news/galp-pumps-usd-5m-into-us-electrolyser-start-up-verdagy-830862/
-- Green Building Renewables buys Solar Voltaics
UK renewables installer Green Building Renewables unveiled the acquisition of Chichester-based solar panel installation and electric vehicles (EV) charging company Solar Voltaics.
Read more: https://renewablesnow.com/news/green-building-renewables-buys-solar-voltaics-830906/
-- Stabl Energy nets EUR 15m to expand battery storage business
German green tech startup Stabl Energy GmbH said on Wednesday it has raised EUR 15 million (USD 16.45m) in a financing round to support its commercial expansion and the further development of its battery storage technology.
Read more: https://renewablesnow.com/news/stabl-energy-nets-eur-15m-to-expand-battery-storage-business-830939/
-- Algonquin Power & Utilities seeks exit from renewable ops
Canadian energy and water utility group Algonquin Power & Utilities Corp (TSX:AQN, NYSE:AQN) has decided to shed its unregulated renewable energy operations following a review of the company’s businesses.
Read more: https://renewablesnow.com/news/algonquin-power-utilities-seeks-exit-from-renewable-ops-830935/
-- UK renewables investor Cubico may go up for sale - report
Cubico Sustainable Investments could be put up for sale as the Canadian owners of the UK renewables investor are weighing up options for its future, Reuters reported on Thursday, citing insiders.
Read more: https://renewablesnow.com/news/uk-renewables-investor-cubico-may-go-up-for-sale-report-831041/
-- Rooftop solar firm Esdec eyes US public market - report
Esdec Solar Group, a Dutch maker of rooftop solar racking and mounting systems, is getting ready for an initial public offering (IPO) in the US that could value its business at over USD 5 billion (EUR 4.54bn), Bloomberg reported, citing sources in the know.
Read more: https://renewablesnow.com/news/rooftop-solar-firm-esdec-eyes-us-public-market-report-831056/
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