- Press Releases
August 13 (Renewables Now) - Renewables Now covered M&A stories about Bill Gates, RES France, Endesa and others over the past week. Below is the full list:
-- Opdenergy agrees sale of 1-GW-plus solar portfolio in Spain
Spanish independent power producer (IPP) Opdenergy Holding SA has reached an agreement to sell a 1,044-MW solar portfolio in Spain to Madrid-based renewables investment vehicle Bruc Energy, the parties announced.
-- Octopus invests in floating offshore wind developer with 9-GW pipeline
Octopus Renewables Infrastructure Trust plc (LON:ORIT), or ORIT, has invested EUR 7.5 million in the parent company of Ireland’s Simply Blue Group, a developer of floating offshore wind projects with an over 9-GW pipeline.
-- IndiGrid open to spending INR 50bn on solar acquisitions - report
Indian power-sector infrastructure trust (InvIT) India Grid Trust (BOM:540565) is willing to acquire operational solar projects worth up to INR 50 billion as part of a strategy to diversify its asset base, business newspaper Financial Express has reported citing a statement from IndiGrid CEO Harsh Shah.
-- Hanwha Solutions seeks to buy RES France at EV of EUR 700m
Hanwha Solutions Corporation (KRX:009830) is looking to buy RES Mediterranee SAS at an enterprise value of EUR 700 million, according to a presentation released by the Korean diversified group.
-- Omers Infrastructure buys 19.4% of India's Azure Power
Canadian investor and asset manager Omers Infrastructure has finalised the acquisition of a 19.4% stake in Indian renewable power producer Azure Power Global Ltd (NYSE:AZRE).
-- Bill Gates, Reliance join USD-144m funding of battery storage co Ambri
US energy storage systems developer Ambri Inc said it has secured USD 144 million in financing to commercialise its long-duration battery technology and build production facilities.
-- Tallgrass takes control of New Mexico clean hydrogen conversion project
US oil and natural gas pipeline operator Tallgrass Energy LP said it has acquired a 75% membership interest in hydrogen-to-power project developer Escalante H2 Power (EH2 Power).
-- Vestas Ventures invests in Swedish lift crane technology developer
The venture capital arm of Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) has made an investment in a subsidiary of Swedish firm Stena AB, which has developed a new top crane technology.
-- Nanotech Energy raises USD 64m to expand intl graphene ops
US graphene-based batteries maker Nanotech Energy said it has raised USD 64 million in a Series D funding round led by Taiwanese financial services company Fubon Financial Holding Co Ltd (TPE:2881).
-- J-Power, SymEnergy to co-invest in another 21-MW wind project
Japanese electric utility Electric Power Development Co Ltd (TYO:9513), known as J-Power, said it will accept the entry of compatriot SymEnergy Inc in a 21-MW wind project.
-- Eletrobras initiates sale of 79-MW wind portfolio in Brazil
Brazilian power producer and distributor CGT Eletrosul, a subsidiary of utility Eletrobras (BVMF:ELET3), has approved the start of the sale process for its 78% interest in a 79.2-MW wind portfolio.
-- EQTEC acquires waste-to-energy gasification plant in Croatia
Irish gasification technology and engineering company EQTEC [LSE:EQT] said it has completed the acquisition of a 1.2 MWe waste-to-energy gasification plant in Belisce, eastern Croatia.
-- Gazelle Wind Power bags USD 4m for floating platform development
Ireland-based Gazelle Wind Power Limited said it has secured USD 4 million to develop its hybrid floating offshore wind platform.
-- ReNew Power to spend USD 384m on solar, hydro purchases in India
India’s ReNew Power Pvt Ltd announced deals to acquire solar and hydropower assets at a combined enterprise value of about INR 28.5 billion.
-- Bitcoin miner CleanSpark adds 20 MW of power to portfolio
Nevada-based CleanSpark Inc (NASDAQ:CLSK), a clean Bitcoin mining and diversified software and services company, said it has acquired a data centre in Georgia that adds 20 MW of power to its existing mining business.
-- Aker Offshore, Mainstream near 800-MW floating wind project off Japan
A tie-up of Norway’s Aker Offshore Wind AS and Irish clean energy company Mainstream Renewable Power has been picked as the preferred bidder to buy an initial 50% stake in an 800-MW floating offshore wind project in Japanese waters.
-- South Africa's Absa, African Rainbow launch renewables investment platform
Johannesburg-based bank Absa Group Ltd (JSE:ABG) has joined forces with clean energy solutions provider African Rainbow Energy and Power (AREP) to create a new African-led renewables investment platform with some ZAR 6.5 billion of gross assets.
-- Northland Power wraps up 0.5-GW renewables acquisition in Spain
Canadian power producer Northland Power Inc (TSE:NPI) said it had finalised the acquisition of 551 MW of operational renewable energy assets in Spain.
-- Energy storage technology firm Ads-Tec to go public in US via SPAC deal
German energy storage technology company Ads-Tec Energy GmbH has agreed to combine with blank check firm European Sustainable Growth Acquisition Corp (NASDAQ:EUSG) and go public in the US in a push to secure financing for the expansion of its technology.
-- Aussie battery materials developer Sicona raises USD 2.7m
Australian battery materials developer Sicona Battery Technologies Pty Ltd has completed a pre-Series A funding round, raising AUD 3.7 million, it said.
-- Endesa buys 350 MW of Spanish renewables from ABO Wind
Spanish electric utility Endesa SA (BME:ELE) announced that it has acquired a 350-MW portfolio of wind and solar PV projects at home from ABO Wind Espana SAU, a company within German renewables group ABO Wind AG (ETR:AB9).
-- Greenbacker buys 40 MW of NY solar projects from Hecate
Greenbacker Renewable Energy Company LLC announced it has acquired two utility-scale solar projects totalling 40 MW in alternating current (AC) in the US state of New York.
-- Greenvolt greenlit to acquire 70% stake in solar engineering co Profit Energy
Portugal's Competition Authority (AdC) has approved a move by Portuguese renewables company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) to acquire a 70% stake in domestic solar and energy efficiency project developer Profit Energy.
-- Revego invests in 360-MW S African wind portfolio
South African renewables yieldco Revego Africa Energy Ltd has acquired stakes in three wind farms in the Northern Cape province with a combined capacity of 360 MW.
-- GIG teams up with Vargronn, Agder Energi for offshore wind in Norway
Green Investment Group Ltd (GIG), part of Australia’s Macquarie Group Ltd (ASX:MQG), has teamed up with Vargronn and Agder Energi to bid for an area in Norway’s Sorlige Nordsjo II zone that is expected to host up to 3 GW of offshore wind.