Weekly renewables M&A round-up (Dec 14-18)

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December 18 (Renewables Now) - Renewables Now covered M&A stories about Vestas, CIP, EDPR, Iberdrola and others over the past week. Below is the full list:

-- Brookfield, partners to buy over 1 GW of DG solar from Exelon

Brookfield Renewable Partners LP (NYSE:BEP) and its institutional partners will purchase a 1-GW-plus distributed generation (DG) solar platform from Exelon Corp (NASDAQ:EXC) in a deal worth USD 810 million.

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-- Brazil's Renova Energia files new Judicial Recovery Plan

Brazilian renewables developer Renova Energia SA (BVMF:RNEW11) announced it has filed a second Judicial Recovery Plan, which includes a number of divestments.

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-- Encavis fund acquires 30-MWp solar project in France

Encavis Infrastructure Fund II (EIF II), a special fund marketed exclusively by BayernLB, has purchased a 30-MWp solar photovoltaic (PV) park in France due to be switched next year.

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-- Fidim closes offer for Athena after meeting conditions

Italian financial services company Fidim Srl has closed its DKK 3.70 per share takeover offer for Athena Investments A/S (CPH:ATHENA), which operates wind and solar parks in Italy, after the offer fulfilled all conditions.

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-- BayWa r.e. sells 10.25 MW wind farm in Croatia to Kelag

Germany-based renewable energy developer BayWa r.e. said it sold its 10.25 MW Orjak wind farm located in Croatia to Austrian energy firm Kelag.

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-- Irish IPP Amarenco makes solar power debut in Spain with 50-MWp buy

Irish solar independent power producer (IPP) Amarenco Group has entered the Spanish solar market with the acquisition of a 49.94-MWp solar farm in Seville province.

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-- Atlantica to buy 20-MW solar park in Colombia

Clean energy company Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has signed a deal to buy a 20-MW solar plant in Colombia as part of its first such investment in the country.

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-- RWE to sell 51% of 861-MW Texas wind portfolio to Algonquin

Germany’s RWE AG (ETR:RWE) has agreed to offload 51% stakes in 861 MW of onshore wind parks in Texas to Canadian utility Algonquin Power & Utilities Corp (TSE:AQN).

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-- Vestas takes over MHI Vestas Offshore Wind

Danish turbine maker Vestas Wind Systems A/S (CPH:VWS) and Japan’s Mitsubishi Heavy Industries Ltd (TYO:7011) have closed the agreement that formally ended their 50/50 MHI Vestas Offshore Wind A/S joint venture.

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-- Spain's Ence closes sale of majority stake in 50-MW CSP plant at home

Spanish pulp producer and energy company Ence Energia y Celulosa SA (BME:ENC) said it has finalised the sale of its 90% in a 50-MW concentrated solar power (CSP) plant located in Puertollano.

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-- Cubico to acquire Grupo T-Solar for EUR 1.5bn

Global infrastructure investment manager I Squared Capital has struck a deal to sell renewables platform Grupo T-Solar to Cubico Sustainable Investments Ltd for a total enterprise value of EUR 1.5 billion.

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-- EDPR wraps up sale of 242-MW Spanish wind portfolio to Finerge

EDP Renovaveis SA (ELI:EDPR) announced it has completed the sale of 242 MW of Spanish onshore wind farms to Portuguese renewable power company Finerge Group.

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-- FSN Capital to buy 45% of Danish solar power investor Obton

Norwegian private equity fund FSN Capital will buy a 45% stake in Denmark-based renewables investor Obton Group, which has close to 1 GW of solar assets under management across Europe.

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-- Cordelio Power buys 150-MW solar project in Missouri

Cordelio Power, a renewable power producer fully owned by Canada Pension Plan Investment Board (CPP Investments), has acquired a 150-MW solar project that is being developed in Lincoln County, Missouri.

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-- Swift Solar raises over USD 8m for perovskite tandem tech development

California-based Swift Solar said it has raised over USD 8 million in capital to fund the development of its perovskite tandem technology.

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-- Greece's Mytilineos buys 75-MW Aussie solar project from ESCO

Greek industrial group Mytilineos has acquired a 75-MW solar project in New South Wales, Australia, from domestic renewables developer ESCO Pacific.

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-- EDPR takes 511 MW in Iberia as parent closes Viesgo buy

Portugal's EDP Renovaveis SA (ELI:EDPR) has finalised the acquisition of Spanish firm Viesgo's renewables business, adding 511-MW to its Iberian portfolio.

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-- BayWa r.e. sells 11.9-MW solar farm in Japan

German renewables developer Baywa r.e. said it has sold its 11.9-MW solar farm located in the city of Izumi, Japan.

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-- Broad Reach buys 500 MW of wind, solar from Invenergy

Independent power producer Broad Reach Power has acquired a 500-MW portfolio of wind and solar assets in Montana from Chicago-based Invenergy LLC.

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-- Sonnedix lifts Italian solar capacity to 249.5 MWp

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has reached 249.5 MW of operating photovoltaic (PV) capacity in Italy with a new 2-MW solar purchase.

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-- Falck closes buy of 285-MW Italian solar portfolio

Italy-based Falck Renewables SpA (BIT:FKR) has become the sole owner of Big Fish SPV Srl and Iron SPV Srl, the two project vehicles behind a roughly 285-MW solar portfolio in Italy.

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-- EDP closes sale of 1.25-GW hydro portfolio to Engie-led group

EDP - Energias de Portugal SA (ELI:EDP) has completed the sale of 1,689 MW of Portuguese hydropower plants (HPPs) to a consortium led by French utility Engie SA (EPA:ENGI).

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-- International group buys developer of 83-MW solar project in Italy

A group of international renewable energy firms has acquired SF South Srl, the developer of an 83-MW solar photovoltaic (PV) project in the province of Foggia, Italy.

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-- Iberdrola gets access to 7.3-GW offshore wind pipeline in Poland

Spanish utility Iberdrola SA (BME:IBE) has agreed to take a 50% interest in an offshore wind project developer with a Polish pipeline of 7.3 GW.

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-- Vestas to take 25% stake in CIP

Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) has agreed to acquire a 25% stake in investment manager Copenhagen Infrastructure Partners P/S (CIP), saying that it seeks to expand into areas of the renewables value chain that lie beyond its existing activities.

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-- Engie Romania buys 9.3 MW solar park in Harghita county

The Romanian arm of French electric utility company Engie said that it has completed the acquisition of a 9.3 MW photovoltaic park in the central county of Harghita.

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-- Westwood takes over EAPC's wind power services business

Westwood Professional Services Inc said it has acquired the wind power services operations of EAPC Architects Engineers.

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-- Pilot concludes buy of 40% in offshore permit in Western Australia

Australian company Pilot Energy Ltd (ASX:PGY) announced completion of the acquisition of the 40% interest it does not own in the offshore exploration license for an area that may also become home to a huge offshore wind farm.

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-- Sono Motors raises EUR 45m in fresh funds

Germany's Sono Motors GmbH has raised EUR 45 million in Series C financing for the development of its solar electric car.

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-- ABO Wind sells two 10-MW RenovAR solar projects in Argentina

German renewables developer ABO Wind AG (ETR:AB9) said it has sold two 10-MW ready-to-build solar projects in Argentina.

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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.

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