Weekly renewables M&A round-up (Aug 8-12)

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August 12 (Renewables Now) - Renewables Now covered M&A stories about Carlyle, Siemens Gamesa, Shell, Vestas and others in the past week. Below is the full list:

-- Carlyle, GIC invest in green ammonia developer Eneus Energy

US private equity firms Carlyle (NASDAQ:CG) and Singaporean sovereign wealth fund GIC have jointly invested in green ammonia project developer Eneus Energy in a deal that will support the latter in the development of its over-14-GW pipeline.

Read more: https://renewablesnow.com/news/carlyle-gic-invest-in-green-ammonia-developer-eneus-energy-794147/

-- SGRE losses lie heavy on Siemens Energy but buyout timeline is kept

Siemens Energy AG (ETR:ENR) said it is keeping its tentative timeline for the plan to buy out and delist Siemens Gamesa Renewable Energy SA (BME:SGRE) at the same time as it reported that the wind turbine maker’s “unsatisfactory” performance dragged the German company down into a deeper quarterly loss.

Read more: https://renewablesnow.com/news/sgre-losses-lie-heavy-on-siemens-energy-but-buyout-timeline-is-kept-794220/

-- Duke Energy starts strategic review of commercial renewables business

US utilities company Duke Energy (NYSE:DUK) announced a strategic review of its commercial renewables business as it reported second-quarter results.

Read more: https://renewablesnow.com/news/duke-energy-starts-strategic-review-of-commercial-renewables-business-794241/

-- PE investor Hull Street Energy backs energy storage co Flatiron

Private equity firm Hull Street Energy announced it has made a strategic investment of an undisclosed size in Flatiron Energy LLC, a Colorado-based energy storage company.

Read more: https://renewablesnow.com/news/pe-investor-hull-street-energy-backs-energy-storage-co-flatiron-794245/

-- Shell closes USD-1.55bn acquisition of India's Sprng Energy

Shell Plc (AMS:RDSA) announced it has wrapped up the acquisition of Indian renewable energy platform Sprng Energy, which owns 2.9 GWp of solar and wind energy assets.

Read more: https://renewablesnow.com/news/shell-closes-usd-155bn-acquisition-of-indias-sprng-energy-794276/

-- Actis buying Atha's 400-MW solar platform in India - report

Private equity firm Actis has sealed a deal to buy the 400-MW solar portfolio of Indian miner Atha Group for an enterprise value of INR 21 billion, Mint reports.

Read more: https://renewablesnow.com/news/actis-buying-athas-400-mw-solar-platform-in-india-report-794277/

-- Russian exit made difficult for Enel, Fortum

Russian President Vladimir Putin has temporarily frozen foreign shareholders’ potential exit from the domestic power sector in a move that will reportedly obstruct Italy’s Enel SpA (BIT:ENEL) and Finland’s Fortum Oyj (HEL:FORTUM) from doing exactly that.

Read more: https://renewablesnow.com/news/russian-exit-made-difficult-for-enel-fortum-report-794295/

-- Exus to acquire 1 GW of solar projects in Brazil

Exus Brasil Investimentos, a unit of renewables-focused investor and asset manager Exus Management Partners, has sealed a deal to purchase a 1,058-MW solar portfolio in Brazil.

Read more: https://renewablesnow.com/news/exus-to-acquire-1-gw-of-solar-projects-in-brazil-794321/

-- Evergy to buy 199-MW Oklahoma wind farm

US electric utility Evergy Inc (NYSE:EVRG) said it will buy a 199-MW wind farm in Oklahoma for about USD 250 million to expand its portfolio of owned renewable energy.

Read more: https://renewablesnow.com/news/evergy-to-buy-199-mw-oklahoma-wind-farm-794355/

-- Canada's Omers injects USD 100m into solar O&M provider NovaSource

The private equity arm of Canadian pension fund Omers has invested USD 100 million to take a minority stake in NovaSource Power Services, a US-based provider of operations and maintenance (O&M) services to the solar power industry.

Read more: https://renewablesnow.com/news/canadas-omers-injects-usd-100m-into-solar-om-provider-novasource-794394/

-- Genex buying up to 2-GW battery-solar project in Queensland

Australian renewable energy developer Genex Power Ltd (ASX:GNX) has struck a deal to make it the owner of an up to 2-GW battery-plus-solar project in Queensland that has development approval in place.

Read more: https://renewablesnow.com/news/genex-buying-up-to-2-gw-battery-solar-project-in-queensland-794407/

-- AES Brasil to acquire 456 MW of wind parks from Cubico

Brazilian renewables company AES Brasil Energia SA (BVMF:AESB3) has signed an agreement to buy three wind power complexes with a combined capacity of 455.9 MW from Cubico Brasil SA.

Read more: https://renewablesnow.com/news/aes-brasil-to-acquire-456-mw-of-wind-parks-from-cubico-794415/

-- Vestas to shed converters & controls business to Danish partner

Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) has struck a deal to sell its converters and controls business to existing partner and electro-mechanical systems maker KK Wind Solutions, owned by the parent of the A.P. Moller Group.

Read more: https://renewablesnow.com/news/vestas-to-shed-converters-controls-business-to-danish-partner-794424/

-- Modus to buy 28-MW Polish solar portfolio from Equinor's Wento

A fund managed by renewables investor Modus Asset Management has signed a deal to buy a 28-MW turnkey portfolio of ground-mounted solar farms in Poland from Equinor ASA’s (NYSE:EQNR) local business Wento.

Read more: https://renewablesnow.com/news/modus-to-buy-28-mw-polish-solar-portfolio-from-equinors-wento-794508/

-- Shell buying 100 MW of UK solar projects from Anesco

Shell New Energies is in the process of buying a 100-MW solar project portfolio in Wales and England from local renewables developer Anesco Ltd, the unit of Shell Plc (LON:SHEL) said.

Read more: https://renewablesnow.com/news/shell-buying-100-mw-of-uk-solar-projects-from-anesco-794527/

-- Brazil's Unipar, Atlas Renewables form JV for 239-MWp solar project

Brazilian chemical company Unipar Carbocloro SA (BVMF:UNIP6) said it has finalised the process of forming a joint venture (JV) with an Atlas Renewable Energy subsidiary to secure a part-ownership in a 239-MWp solar project in the state of Minas Gerais.

Read more: https://renewablesnow.com/news/brazils-unipar-atlas-renewables-form-jv-for-239-mwp-solar-project-794547/

-- Activate Renewables buys leases for 115 MW of US wind, solar

US real estate and royalties investor Activate Renewables said it has closed the acquisition of a portfolio of wind and solar property leases that can support over 115 MW of total renewable energy generation capacity.

Read more: https://renewablesnow.com/news/activate-renewables-buys-leases-for-115-mw-of-us-wind-solar-794587/

-- India's JSW Energy to buy 1.75 GW of wind, solar from Mytrah

Indian power company JSW Energy Ltd (BOM:533148), through a wholly-owned subsidiary, is set to acquire a portfolio of 1,753 MW of wind and solar capacity from independent power producer Mytrah Energy (India) Private Limited, it said.

Read more: https://renewablesnow.com/news/indias-jsw-energy-to-buy-175-gw-of-wind-solar-from-mytrah-794634/

-- RWE, Northland expand Nordsee offshore wind tie-up to 1.5 GW

Canada-based Northland Power Inc (TSE:NPI) and Germany’s RWE Renewables GmbH are adding a fourth project to their Nordsee offshore wind cluster in the German North Sea to reach an overall capacity of 1.5 GW.

Read more: https://renewablesnow.com/news/rwe-northland-expand-nordsee-offshore-wind-tie-up-to-15-gw-794672/

-- Offshore wind-focused H2 pipeline co Strohm raises GBP 12m

Dutch hydrogen pipeline company Strohm Holding BV has raised a total of GBP 11.8 million in the first close of a funding round led by HydrogenOne Capital Growth Plc (LON:HGEN), the latter announced.

Read more: https://renewablesnow.com/news/offshore-wind-focused-h2-pipeline-co-strohm-raises-gbp-12m-794692/

-- Octopus Renewables invests in 48-MW unsubsidised wind farm in Scotland

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) said it has agreed to acquire a 51% stake in the 48-MW Crossdykes onshore wind farm, one of the largest unsubsidised wind farms in the UK.

Read more: https://renewablesnow.com/news/octopus-renewables-invests-in-48-mw-unsubsidised-wind-farm-in-scotland-794742/

-- Turkish renewables firm Kalyon Enerji sells 50% stake to Abu Dhabi's IHC for 477 mln euro

Abu Dhabi-based conglomerate International Holding Company, or IHC, said it has acquired 50% of Turkey's Kalyon Enerji, the renewables arm of construction, energy and aviation group Kalyon Holding, for 1.8 billion Emirati dirham, adding several solar and onshore wind projects to its portfolio.

Read more: https://renewablesnow.com/news/turkish-renewables-firm-kalyon-enerji-sells-50-stake-to-abu-dhabis-ihc-for-477-mln-euro-794777/

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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