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Weekly renewables M&A round-up (Dec 17-24)

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January 7 (Renewables Now) - Renewables Now covered M&A stories related to Sumitomo, Shell, Equinor and Enel in the seven days from December 17 till December 24. Below is the full list of deals:

-- Fred. Olsen Windcarrier takes control of offshore wind installation vessel

Norway-based offshore wind services company Fred. Olsen Windcarrier AS (FOWIC) has agreed to acquire a 51% stake in the owner of the Seafox 5, an offshore wind transport and installation vessel.

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-- Sumitomo joins French offshore wind projects of 992 MW

Japan’s Sumitomo Corp (TYO:8053) said it is purchasing a 29.5% stake in the partnership developing a 992-MW offshore wind project at Yeu-Noirmoutier and Dieppe-Le Treport, off the French coast.

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-- Wind project of 100 MW in Kenya reaches fin close with Actis' help

The 100-MW Kipeto wind project in Kajiado, Kenya has reached financial close, London-based private equity firm Actis, which now holds an 88% stake in the scheme, said.

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-- Off-grid solar firm d.light bags USD 41m to grow in Africa

Off-grid solar company d.light said it has raised USD 41 million in equity funding from a group of investors led by Africa-focused investment advisory firm Inspired Evolution.

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-- Solar Frontier buys 150-MW project in California from Recurrent Energy

Recurrent Energy LLC, part of Canadian Solar Inc (NASDAQ:CSIQ), has sold the 150-MW/210-MWp Mustang Two solar project in California to Solar Frontier Americas.

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-- Allianz to buy 218.8-MW subsidy-free PV project in Portugal

Allianz Capital Partners has agreed to acquire a 218.8-MW under-construction solar park in Portugal, the largest photovoltaic (PV) facility there being built without subsidies.

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-- CADE okays Brennand's buyout of wind JVs with Eletrobras

Brazil's Administrative Council for Economic Defense (CADE) has approved without restrictions the acquisition by Brennand Energia of the stakes it does not already own in 254.5 MW of wind power capacity.

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-- SIMEC Atlantis exits Canadian tidal JV, redeploys Meygen turbines

SIMEC Atlantis Energy Ltd (LON:SAE) said it has formally exited its Canadian tidal power joint venture and, at the same time, has redeployed two turbines at the MeyGen project in Scotland.

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-- Capman Green Energy Fund agrees to buy Sevko Bulgaria, plans to build solar park

Bulgaria's Capman Green Energy Fund [BUL:C4P] said that it signed a deal on December 18 to acquire 100% of local Sevko Bulgaria for an undisclosed price.

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-- Shell to buy 49% in Cleantech Solar

A subsidiary of oil and gas giant Royal Dutch Shell Plc (AMS:RDSA) has entered into an agreement to buy a 49% interest in Singapore-based solar power plants operator Cleantech Solar.

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-- Engie buys 151-MW US wind project, signs PPA with Xcel

The North American unit of French energy group Engie SA (EPA:ENGI) has bought the 151.2-MW Dakota Range III wind project in South Dakota from its developer Apex Clean Energy.

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-- NTR enters French wind market with 19 MW of acquisitions

Irish green asset manager NTR Plc has acquired two wind projects totalling 19 MW in France, thus marking its entry into the French wind power market.

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-- EDF, Shell team up in JV for up to 2.5-GW wind lease off New Jersey

EDF Renewables North America has set up a 50/50 joint venture (JV) with a unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA), aiming to co-develop an offshore wind lease area in New Jersey.

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-- Greencoat UK Wind to buy 45-MW wind park in Scotland

Greencoat UK Wind Plc (LON:UKW), a renewable infrastructure fund managed by Greencoat Capital LLP, has agreed to buy the 45-MW, subsidy-free Douglas West wind farm in Scotland from Blue Energy.

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-- Eneco buying out German green power supplier LichtBlick

Dutch utility Eneco announced it will be taking full ownership of LichtBlick, a German company that supplies green electricity and gas and develops smart energy solutions for households and businesses.

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-- EnergyAustralia could join 250-MW Aussie pumped storage hydro project

Genex Power Ltd (ASX:GNX) unveiled a non-binding deal with EnergyAustralia that gives the energy retailer exclusive rights to sign an off-take agreement for the 250-MW pumped storage hydro project in Queensland and make an equity investment in the scheme.

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-- BayWa r.e. sells 18-MW Scottish wind park to Gresham House fund

The renewables unit of German diversified group BayWa AG (ETR:BYW6) said it has divested the 18.45-MW Wathegar 2 wind farm in Scotland.

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-- JLEN buys GBP-16m AD plant in UK from BayWa

John Laing Environmental Assets Group Ltd (LON:JLEN) said it has acquired an anaerobic digestion (AD) plant in England for GBP 16.2 million.

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-- CorPower Ocean raises EUR 2.3m from industrial investors

Wave energy converters (WECs) developer CorPower Ocean AB said it has secured EUR 2.3 million in its latest equity funding round.

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-- Equinor grows Polish offshore wind pipeline with purchase from Polenergia

Norwegian oil and gas major Equinor ASA (NYSE:EQNR) announced today it has made use of its right to buy a 50% stake in another Polish offshore wind project to co-develop it with local energy major Polenergia SA (WSE:PEP).

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-- US Wind sells up to 2.5-GW New Jersey lease area to EDF

Baltimore-based US Wind Inc has concluded an agreement to sell to EDF Renewables North America an offshore wind lease area in New Jersey, which could become home to 2.5 GW of turbine capacity.

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-- Vortex to exit 998-MW wind partnership with EDPR

German onshore wind projects developer Vortex Energy said it has agreed to unload its 49% stake in a 998-MW portfolio of European wind farms to institutional investors advised by JP Morgan Asset Management.

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-- Enel nears EUR-200m solar asset sale in Italy - report

Italian utility Enel SpA (BIT:ENEL) is nearing a deal to sell its 50% stake in a 400-MW-plus solar portfolio to joint venture partner F2i, Reuters reports.

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-- French Renault to buy stake in Chinese JMCG's EV arm

French carmaker Renault (EPA:RNO) announced it has signed an agreement with Chinese peer Jiangling Motors Corporation Group (SHE:000550), or JMCG, to acquire a stake in the carmaker's electric vehicle (EV) unit JMEV to increase its presence in the country.

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-- European Energy closes 70-MW solar sale in Denmark

Danish wind and solar developer European Energy A/S said it has wrapped up the sale of a 70-MW solar portfolio at home.

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-- Portanero Invest, KGAL ESPF 4 get nod to buy Samsung's Bulgarian PV assets

Bulgaria's Commission for Protection of Competition said that it has allowed Czechia-based Portanero Invest and Luxembourg-registered KGAL ESPF 4 Holding to acquire Samsung C&T Corporation's seven photovoltaic (PV) power stations in Bulgaria.

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-- EDP closes sale of 103 MW HPPs to Aquila Capital

Energias de Portugal SA (ELI:EDP) announced it completed the sale of 103 MW of small hydropower plants (HPPs) assets to investment company Aquila Capital.

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-- Petrobras, Total Eren to create 500-MW wind, solar development JV in Brazil

Brazilian state-run oil and gas company Petrobras (BVMF:PETR4) plans to create a joint venture (JV) with Total Eren SA to develop up to 500 MW of onshore wind and solar projects in Brazil.

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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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