Weekly renewables M&A round-up (Dec 20-24)

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December 24 (Renewables Now) - Renewables Now covered M&A stories about AES, Greencoat Capital, ThomasLloyd and others over the past week. Below is the full list:

-- Rubis to take 80% of French solar developer Photosol

French energy company Rubis SCA (EPA:RUI) has agreed to buy an 80% stake in domestic solar project developer and power producer Photosol SAS in an all-cash deal worth EUR 376 million.

Read more: https://renewablesnow.com/news/rubis-to-take-80-of-french-solar-developer-photosol-766260/

-- Elevion Group to buy RWE's Belectric business in Europe, Israel

Elevion Group, the Netherlands-based energy service provider of Czech CEZ Group, is buying the European and Israeli business of solar PV plant developer Belectric from RWE AG (ETR:RWE), the German energy major said, confirming an earlier announcement by the German competition regulator.

Read more: https://renewablesnow.com/news/elevion-group-to-buy-rwes-belectric-business-in-europe-israel-766269/

-- Photon Energy sells majority stake in 160-MWp Aussie solar project

Amsterdam-based solar power and clean water company Photon Energy NV (WSE:PEN) has sold a 65% stake in a 160-MWp solar project in the Australian state of New South Wales to global renewable energy group Wirsol.

Read more: https://renewablesnow.com/news/photon-energy-sells-majority-stake-in-160-mwp-aussie-solar-project-766376/

-- Sonnedix closes purchase of 18 MW of solar projects in Chile

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has finalised the acquisition of 18 MW of solar photovoltaic (PV) projects in Chile.

Read more: https://renewablesnow.com/news/sonnedix-closes-purchase-of-18-mw-of-solar-projects-in-chile-766383/

-- AES picks up 10-GW solar pipeline with Community Energy buy

US electricity producer AES Corp (NYSE:AES) has acquired domestic utility-scale solar-plus-storage developer Community Energy Solar LLC, significantly boosting its project development capability and growth potential.

Read more: https://renewablesnow.com/news/aes-picks-up-10-gw-solar-pipeline-with-community-energy-buy-766453/

-- Schroders clinches deal to buy 75% of renewables investor Greencoat

British asset management giant Schroders Plc (LON:SDR) announced an agreement to buy a 75% interest in domestic investment manager Greencoat Capital Holdings Ltd – the owner and operator of over 3 GW of renewable infrastructure assets.

Read more: https://renewablesnow.com/news/schroders-clinches-deal-to-buy-75-of-renewables-investor-greencoat-766477/

-- Sonnedix buys 5.6 MW of solar in Germany

Sonnedix Power Holdings Ltd has closed the purchase of a 5.6-MW portfolio of fully-operational solar photovoltaic (PV) plants in Germany from unnamed Danish investors.

Read more: https://renewablesnow.com/news/sonnedix-buys-56-mw-of-solar-in-germany-766510/

-- Spain's Kobus Partners buys 250 MW of home solar for 3rd fund

Madrid-based private equity manager Kobus Partners has acquired 250 MW of solar projects in Spain for its third renewable energy fund.

Read more: https://renewablesnow.com/news/spains-kobus-partners-buys-250-mw-of-home-solar-for-3rd-fund-766583/

-- Finland's Enersense preps for onshore wind, green H2 expansions

Finnish zero-emission energy solutions provider Enersense International Plc (HEL:ESENSE) has sealed a deal to buy onshore wind farm developer Megatuuli Oy for EUR 18.5 million in stock, whilst advancing its green hydrogen sector entry.

Read more: https://renewablesnow.com/news/finlands-enersense-preps-for-onshore-wind-green-h2-expansions-766638/

-- Nofar unveils 700-MWh battery project through British JV

Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) has tied up with real estate and energy storage investor Interland to build a joint battery storage portfolio in the UK, starting with a roughly 700-MWh project.

Read more: https://renewablesnow.com/news/nofar-unveils-700-mwh-battery-project-through-british-jv-766679/

-- Doral snaps up 150-MW solar park from Avangrid

Doral Renewables LLC, the US arm of Israel-based renewable energy company Doral Group (TLV:DORL), has purchased a 150-MW solar project in the US state of Georgia from Avangrid Inc (NYSE:AGR).

Read more: https://renewablesnow.com/news/doral-snaps-up-150-mw-solar-park-from-avangrid-766685/

-- DroneBase buys solar-focused drone inspection specialist AirProbe

California-based intelligent aerial imaging company DroneBase announced the acquisition of Indian firm AirProbe, which offers solar park drone inspections and AI-enabled analytics of inspection data.

Read more: https://renewablesnow.com/news/dronebase-buys-solar-focused-drone-inspection-specialist-airprobe-766719/

-- Lithuania's Ignitis set to acquire 50-MW Polish wind project

Ignitis Group (VSE:IGN1L) is on the cusp of completing the acquisition of a Polish company, which is developing a 50-MW onshore wind project in the country.

Read more: https://renewablesnow.com/news/lithuanias-ignitis-set-to-acquire-50-mw-polish-wind-project-766735/

-- Sempra to shed USD 1.8bn stake in infrastructure unit

Sempra (NYSE:SRE; BMV:SRE) said it is offloading a non-controlling 10% stake in Sempra Infrastructure Partners to the Abu Dhabi Investment Authority (ADIA) for around USD 1.8 billion in cash.

Read more: https://renewablesnow.com/news/sempra-to-shed-usd-18bn-stake-in-infrastructure-unit-766759/

-- France's Albioma in talks to acquire 2nd geothermal power plant in Turkey

France-based independent renewable energy producer Albioma said that it entered into exclusive negotiations with Istanbul-based Turcas Petrol with a view to acquiring a second geothermal power plant in Turkey, in the Aydin province.

Read more: https://renewablesnow.com/news/frances-albioma-in-talks-to-acquire-2nd-geothermal-power-plant-in-turkey-766763/

-- Encavis, Solgrid ink solar partnership in Sweden, Norway

German wind and solar farm operator Encavis AG (ETR:ECV) and Norwegian solar developer Solgrid AS have sealed an investment agreement for a solar portfolio of over 100 MWp in Sweden and agreed to partner on an additional pipeline of solar projects in the Nordic region.

Read more: https://renewablesnow.com/news/encavis-solgrid-ink-solar-partnership-in-sweden-norway-766770/

-- Solar Philippines unit looking for JV partner to expand 500-MWp solar project

Solar Philippines Nueva Ecija Corporation (PSE:SPNEC) is looking to find a joint-venture (JV) partner that will help it expand its flagship 500-MWp Nueva Ecija solar farm project in Central Luzon, Philippines.

Read more: https://renewablesnow.com/news/solar-philippines-unit-looking-for-jv-partner-to-expand-500-mwp-solar-project-766777/

-- ThomasLloyd Energy buys minority in 80-MW Philippine solar portfolio

ThomasLloyd Energy Impact Trust PLC (LON:TLEI) has completed the acquisition of a minority stake in three solar power plants in the Philippines with a combined capacity of 80 MW.

Read more: https://renewablesnow.com/news/thomaslloyd-energy-buys-minority-in-80-mw-philippine-solar-portfolio-766800/

-- Greencoat Renewables to buy 50-MW Spanish solar farm from Lightsource bp

Greencoat Renewables Plc (LON:GRP) said it has entered the Spanish market with a deal to acquire the 50-MW Torrubia solar farm, currently under construction, from Lightsource bp.

Read more: https://renewablesnow.com/news/greencoat-renewables-to-buy-50-mw-spanish-solar-farm-from-lightsource-bp-766862/

-- Korea Zinc unit to buy Aussie renewables developer Epuron

An Australia-based unit of Korea Zinc (KRX:010130) is preparing to take over Aussie renewables developer Epuron Holdings Pty Ltd in a move that will give it access to 4.2 GW of early-stage projects and a further investigation pipeline of 4.8 GW.

Read more: https://renewablesnow.com/news/korea-zinc-unit-to-buy-aussie-renewables-developer-epuron-766871/

-- Sonnedix wraps up purchase of 5.5 MW of operating solar in Italy

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has finalised the acquisition of 5.5 MW of solar photovoltaic (PV) plants in Italy.

Read more: https://renewablesnow.com/news/sonnedix-wraps-up-purchase-of-55-mw-of-operating-solar-in-italy-766885/

-- Powertis, Aquila to co-develop 421 MW of PV, 90 MW of storage in Italy

Spanish solar energy developer Powertis SAU has sold its majority ownership over 421 MW of solar PV and 90 MW of energy storage projects in Italy to German investment management firm Aquila Capital, expanding their partnership in the country.

Read more: https://renewablesnow.com/news/powertis-aquila-to-co-develop-421-mw-of-pv-90-mw-of-storage-in-italy-766917/

-- Lightsource bp, Dourogas plan 130-MW green H2 portfolio in Portugal

Lightsource bp, the UK-based solar developer half-owned by BP Plc (LON:BP), and Portuguese gas utility Dourogas have joined forces to explore the deployment of 130 MW of electrolysers for green hydrogen production in Portugal.

Read more: https://renewablesnow.com/news/lightsource-bp-dourogas-plan-130-mw-green-h2-portfolio-in-portugal-766926/

-- CSC parts with 50% stake in Australia's 2nd largest wind farm

The Commonwealth Superannuation Corporation (CSC) has agreed to sell its 50% effective interest in the 420-MW Macarthur wind farm in Victoria to funds managed by Palisade Investment Partners and First Sentier Investors.

Read more: https://renewablesnow.com/news/csc-parts-with-50-stake-in-australias-2nd-largest-wind-farm-766976/

-- Scout's portfolio grows with 112-MWp solar project purchase in Missouri

Colorado-based renewables developer Scout Clean Energy has clinched a deal to acquire a 112-MW DC solar project in Missouri from developer Azimuth Renewables LLC.

Read more: https://renewablesnow.com/news/scouts-portfolio-grows-with112-mwp-solar-project-purchase-in-missouri-767004/

-- Ventient Energy to snap up 443 MW of wind, solar in Spain

Renewable power producer Ventient Energy has sealed an agreement to acquire 443 MW of wind and solar power assets in Spain in a move that will expand its business on the Iberian Peninsula.

Read more: https://renewablesnow.com/news/ventient-energy-to-snap-up-443-mw-of-wind-solar-in-spain-767026/

-- Octopus closes buy of 71.4-MW bundle of Finnish wind projects

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) said it has finalised the acquisition of a 71.4-MW portfolio of wind projects in Finland in a deal that marks its entry into the Nordic country.

Read more: https://renewablesnow.com/news/octopus-closes-buy-of-714-mw-bundle-of-finnish-wind-projects-767028/

-- Alternus Energy closes buy of 12.9-MW package of Polish solar

Alternus Energy Group Plc (OSE:ALT) has closed the purchase of 12.9 MW of operational solar photovoltaic (PV) assets in Poland, which forms part of a total pipeline of 24 MWp agreed with a local developer.

Read more: https://renewablesnow.com/news/alternus-energy-closes-buy-of-129-mw-package-of-polish-solar-767052/

-- Spain's Everwood Capital buys 66-MWp solar project in Italy

Spanish investment manager Everwood Capital has acquired a 66-MWp solar PV project in Sicily, its first in Italy.

Read more: https://renewablesnow.com/news/spains-everwood-capital-buys-66-mwp-solar-project-in-italy-767077/

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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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