December 17 (Renewables Now) - Renewables Now covered M&A stories about Eneos, PNM Resources, Iberdrola, Greencoat Renewables, Siemens Gamesa and others over the past week. Below is the full list:
-- Plug Power closes buy of Dutch green H2 specialist Frames Group
Plug Power Inc (NASDAQ:PLUG), the US-based provider of turnkey hydrogen solutions, has closed the acquisition of Dutch energy transition and hydrogen solutions provider Frames Group for EUR 115 million.
-- SIMEC Atlantis sells mini-hydro subsidiary to simplify structure
SIMEC Atlantis Energy Ltd (LON:SAE), the sustainable energy company that develops the MeyGen tidal power project in Scotland, has agreed to divest its mini-hydro subsidiary Green Highlands Renewables (GHR) for GBP 3 million in cash.
-- Blue Water, Danwind form wind turbine services JV
Danish logistics company Blue Water Shipping and Danwind Group's construction division have agreed to launch a new joint venture that will provide turnkey turbine services to help accelerate the development of wind projects worldwide.
-- Canadian Solar subsidiary gets approval for STAR Market IPO
CSI Solar Co Ltd, a majority-owned unit of Canadian Solar Inc (NASDAQ:CSIQ), has obtained clearance for a proposed initial public offering (IPO) on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
-- Keppel team to take control of Southeast Asian solar platform of Shell
A group led by Singapore’s Keppel Corp Ltd (SGX:BN4) has agreed to buy a 51% stake in commercial and industrial (C&I) solar energy platform Cleantech Renewable Assets Pte Ltd (CRA) for up to USD 150 million.
-- Pacifico Renewables closes buy of 10-MW Dutch solar bundle
German renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) said it has closed the purchase of six solar parks in the Netherlands, bringing its year-to-date acquisition portfolio to almost 100 MW.
-- Germany's MVV buys Avantag Energy to boost rooftop PV portfolio
German energy company MVV Energie AG has acquired 100% of Luxembourg-based solar developer Avantag Energy S.a r.l and its Trier-based sister company Philipp Rass Energy GmbH in a bid to expand its rooftop photovoltaic (PV) offering for corporate customers.
-- PNM becomes owner of 800-MW wind transmission line in New Mexico
US utilities holding company PNM Resources (NYSE:PNM) has wrapped up the acquisition of the Western Spirit transmission line project that entered into service to accommodate 800 MW of new wind turbine capacity in New Mexico.
-- Prime Infra invests in Solar Philippines' biz with 140 MW of projects in tow
Prime Infrastructure Holdings Inc, an infrastructure company led by Filipino billionaire Enrique K. Razon Jr, is investing PHP 3.5 billion to support three solar projects in partnership with Solar Philippines.
-- PCRE snatches 240-MW-plus Irish solar project bundle from RES
Power Capital Renewable Energy (PCRE) has increased its total solar portfolio to over 1.1 GW by acquiring six domestic ready-to-build solar farms with a combined capacity of over 240 MW from UK renewable energy group RES.
-- Romania's Simtel Team to buy majority stake in ANT Power Energy
Romanian engineering and technology company Simtel Team (BSE:SMTL) said it has reached an agreement to buy a 51% stake in local provider of forecasting services for photovoltaic power plants and wind turbines ANT Power Energy for 1.5 million lei.
-- Schroders confirms acquisition talks with Greencoat Capital
British asset management giant Schroders Plc (LON:SDR) confirmed earlier press reports that it is in advanced discussions to purchase a large stake in domestic fund manager Greencoat Capital LLP, which owns and operates over 3 GW of renewables.
-- Switzerland's MET Group wraps up acquisition of second wind park in Bulgaria
Switzerland-based energy company MET Group said that it has completed the acquisition of 100% interest in the 60-MW Suvorovo wind park in Bulgaria from Spanish renewable energy company Enhol for an undisclosed price.
-- Slovenia's anti-graft body finds no conflict of interest in sale of biogas plant by BAMC
Slovenia's Commission for the Prevention of Corruption said it approved the sale of a biogas plant in Dobrovnik by the Bank Assets Management Company (BAMC) to Hungary's Pannonia Bio as it found no violations of the country's anti-corruption rules.
-- Alerion Clean Power, Black Sea Wind Partners agree to develop 3 wind projects in Romania
Italian renewable energy holding Alerion Clean Power said that it has signed an agreement with Romania's Black Sea Wind Partners for the development of three wind projects in Romania with a total capacity of some 550 MW.
-- Stem to buy solar software co AlsoEnergy for USD 695m
Artificial intelligence (AI)-driven energy storage company Stem Inc (NYSE:STEM) will take over solar asset management software developer Also Energy Holdings Inc for about USD 695 million on a cash-free, debt-free basis.
-- Vestas head says some wind turbine makers may combine, disappear
Henrik Andersen, the chief executive of Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS), sees a likelihood of some competitors coming together and some disappearing and being picked up against the backdrop of high costs.
-- Brazil's Eneva to take over renewables firm Focus Energia
Brazilian natural gas and power utility Eneva SA (B3:ENEV3) has reached a deal to absorb renewable energy company Focus Energia Holding Participacoes SA (BVMF:POWE3), taking it off the market just ten months after a BRL-887.4-million initial public offering (IPO).
-- Iberdrola buys Aussie green solutions biz Autonomous Energy
Spanish utility Iberdrola SA (BME:IBE) has acquired Australian green energy and behind-the-meter solutions provider Autonomous Energy in another push to expand its footing in the land Down Under after taking over renewables developer Infigen last year and a number of wind and solar projects.
-- Goldman Sachs unit to buy 70-MW solar bundle in Maine
Goldman Sachs Asset Management Renewable Power has agreed to acquire a portfolio of distributed solar generation assets with a total capacity of 70 MW across Maine from utility-scale solar developer Dynamic Energy Solutions LLC.
-- MPCES to co-invest in Leclanche's solar-storage project in St Kitts and Nevis
Amsterdam-based sustainable energy company MPC Energy Solutions NV (FRA:5IX) said that it will invest as a minority partner in a solar-plus-storage plant project developed by Swiss battery maker Leclanche SA (SWX:LECN) in the Caribbean nation of Saint Kitts and Nevis.
-- Ashtrom, Kenlov to buy 1.1-GW solar project portfolio in US
Israeli construction and real estate company Ashtrom Group Ltd (TLV:ASHG) and independent power producer (IPP) Kenlov Renewable Energy have agreed to acquire four US solar projects with a total planned capacity of around 1.1 GW in direct current (DC).
-- Siemens Gamesa ditching wind farm development biz - report
Wind turbine manufacturer Siemens Gamesa Renewable Energy SA (BME:SGRE) is looking to sell its wind farm development business and has retained Bank of America as advisor in the process, Reuters reported citing sources familiar with the alleged deal.
-- Competition watchdog okays Reliance's stake buy in SWREL
The Competition Commission of India (CCI) has given the green light to a unit of Indian conglomerate Reliance Industries Ltd (BOM:500325) in relation to its plan to acquire a 40% stake in Sterling & Wilson Renewable Energy Ltd (BOM:542760), or SWREL.