Weekly renewables M&A round-up (Aug 7-18)

Mark Rubens/Shutterstock.com

August 19 (Renewables Now) - Renewables Now covered M&A stories related to Macquarie, Pattern Energy and others over the past 11 days. Below is the full list of deals:

-- Eco Wave Power, EDF incorporate JV in Israel

Eco Wave Power and the renewables arm of French utility EDF SA (EPA:EDF) have formally set up a 50/50 joint venture in Israel to develop a 100-kW pilot wave energy project.

Read more

-- Macquarie to buy owner of 400-MW German offshore wind farm

Macquarie Infrastructure and Real Assets (MIRA) announced it has agreed to acquire Ocean Breeze Energy, the company behind the 400-MW Bard Offshore 1 wind farm in the German part of the North Sea.

Read more

-- Galp Bioenergy to take Petrobras' 50% in biofuel JV

Brazilian Galp Bioenergy BV is acquiring the shares it does not already own in Belem Bioenergia Brasil (BBB), the vegetable oil and biofuel business of state-run oil and gas giant Petroleo Brasileiro SA (BVMF:PETR4) or Petrobras.

Read more

-- LanzaTech to get USD-72m cash boost from Novo Holdings

Next-generation fuels producer LanzaTech will get a USD-72-million cash injection from Denmark’s Novo Holdings A/S, enabling it to expand its carbon recycling platform and speed up the commercialisation of its sustainable products.

Read more

-- Bioenergy DevCo receives USD-106m investment to grow in N America

US anaerobic digestion (AD) specialist Bioenergy Development Company (BDC) has secured a USD-106-million institutional investment from Newlight Partners LP.

Read more

-- Partners Group buys into 244-MW shovel-ready wind project in NSW

Swiss private markets investor Partners Group said it has purchased a stake of an undisclosed size in CWP Renewables’ 244-MW Bango wind project in New South Wales, Australia.

Read more

-- Macquire to buy 40% of 714-MW East Anglia One offshore wind project

Spain's Iberdrola (BME:IBE) said it has agreed to sell a stake worth GBP 1.63 billion in the 714-MW East Anglia One offshore wind project in the UK to a unit of Australia’s Macquarie Group (ASX:MQG).

Read more

-- SSE says negotiating sale of retail unit to Ovo Group

UK utility SSE plc (LON:SSE) said it is holding talks to sell its energy services business to Ovo Group, but noted that a final decision has not been made yet.

Read more

-- IL&FS files for final approval of 874-MW wind sale in India

Infrastructure Leasing and Financial Services Ltd (IL&FS) has turned to The National Company Law Tribunal (NCLT) for final clearance to sell its 51% stake in an 874-MW wind portfolio in India to project partner Orix Corp (TYO:8591).

Read mode

-- Bioenergy DevCo takes over Italian peer

US anaerobic digestion (AD) specialist Bioenergy Development Company (BDC) said it has acquired BTS Biogas, an Italian firm that develops, builds and manages biogas and biomethane plants.

Read more

-- Serbia's Aqua Mont launches buyout bid for Hidrotehnika-Hidroenergetika

Serbian company Aqua Mont Service has launched a buyout bid for the 29.93% stake in energy and hydropower facilities builder Hidrotehnika-Hidroenergetika [BEL:HDRT] it does not own yet, it said.

Read more

-- CEZ plans to sell assets in Romania, Bulgaria, Poland, Turkey by end-2022

Czech energy group CEZ said that it is planning to sell its assets in Romania, Poland and Turkey and complete the sale of assets in Bulgaria by the end of 2022.

Read more

-- Pattern Energy confirms third-party interest

US wind power company Pattern Energy Group Inc (NASDAQ:PEGI) confirmed it has received third-party interest, but stressed there is no agreement or arrangement for any transaction at this point.

Read more

-- Greenbacker buys 9.3 MW of US solar from BNRG Renewables

New York-based Greenbacker Renewable Energy Company LLC said it has bought the rights to a 9.27-MW solar project portfolio in Oregon from a unit of BNRG Renewables Ltd.

Read more

-- AC Energy JV buys stake in 550 MW of Australian solar & storage

AC Energy, the energy arm of Philippines' Ayala Corp (PSE:AC), and UPC Renewables have agreed to buy 51% in a 250-MW pumped hydro project and a neighbouring 300-MW solar scheme, both located in South Australia.

Read more

-- Thai Solar Energy to buy 5-MW solar park

Bangkok-based renewables company Thai Solar Energy PCL (BKK:TSE) said it plans to acquire the operator of a 5-MW ground-mounted solar park in Udornthani province.

Read more

-- Atlantic Power buys AltaGas stakes in 85 MW of US biomass plants

US power producer Atlantic Power Corporation (NYSE:AT) has closed the acquisition of AltaGas Ltd’s (TSE:ALA) equity interests in two biomass plants with a combined capacity of 85 MW.

Read more

-- PacifiCorp takes full ownership of 41-MW wind farm in Wyoming

US power company PacifiCorp has become the solar owner of a 41.4-MW wind park in Wyoming and will start a repowering aimed at lifting the plant’s output by 60%.

Read more

-- Softbank pours USD 110m in brick tower energy storage co Energy Vault

Japan’s SoftBank Group Corp (TYO:9984), through its SoftBank Vision Fund, has invested USD 110 million in energy storage company Energy Vault in a move marking its foray into the global energy storage market.

Read more

-- CADE okays Enel's purchase of 378 MW of green projects in Brazil

Brazil's Administrative Council for Economic Defense (CADE) has approved without restrictions the acquisition by the local unit of Italian utility Enel SpA (BIT:ENEL) of 378 MW of wind and solar projects held by Grupo Mario Araripe.

Read more

More stories to explore
Share this story
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