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Weekly renewables M&A round-up (Dec 23-Jan 3)

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January 3 (Renewables Now) - Renewables Now covered M&A stories related to Endesa, Siemens Gamesa, Senvion and others over the past two weeks. Below is the full list of deals:

-- Eni, Falck form JV to develop 1 GW of US renewables

Italian oil and gas major Eni SpA (BIT:ENI) will create a partnership with Falck Renewables SpA (BIT:FKR) to jointly develop at least 1 GW of onshore wind, solar and energy storage projects in the US by end-2023.

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-- Aquila completes acquisition of 400-MW Norwegian wind project

Hamburg-based investor Aquila Capital said it had completed the acquisition of the company that holds all the rights to the 400-MW Oyfjellet onshore wind project in Norway from Swedish wind project developer Eolus Vind AB (STO:EOLU-B).

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-- Aquila European Renewables to buy 43.2-MW wind farm in Finland

Aquila European Renewables Income Fund plc (LON:AERS) said it has agreed to pay EUR 36.7 million (USD 40.1m) for a company that owns a 43.2-MW wind project in Finland.

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-- US Solar Fund completes purchase of 39 MW of projects in N Carolina

US Solar Fund Plc (LON:USF) has closed the purchase of six solar power projects with a combined direct current (DC) capacity of 39 MW in North Carolina, the London-listed investment company said.

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-- TerniEnergia closes sale of 4.1 MW of Italian solar plants

TerniEnergia SpA (BIT:TER) has completed the divestment of four Italian solar power parks with a combined capacity of 4.1 MW to Mareccio Energia Srl in partnership with LCF Alliance.

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-- Tikehau Capital inks acquisition deal for Acek's biomass business in Spain

French asset manager Tikehau Capital SCA (EPA:TKO) has signed an agreement to acquire biomass assets and related activities from Spain’s Acek Energias Renovables SL.

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-- Pacific Green Technologies acquires Chinese CSP project developer

Pacific Green Technologies Inc (OTCMKTS:PGTK) has bought a Chinese developer of concentrated solar power (CSP) projects, the US-based provider of emission control systems said.

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-- Sonnedix reaches 216.5 MW of operating solar capacity in Italy

Independent solar power producer Sonnedix Power Holdings Ltd said it has achieved 216.5 MW of operating photovoltaic (PV) capacity in Italy.

The new milestone was reached with the acquisition of 12 solar power plants with a total capacity of 23 MW from investment group Ellomay Luxembourg Holdings Sarl.

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-- Statkraft lifts stake in Norwegian EV charging co Gronn Kontakt

Norwegian state-owned utility Statkraft AS has acquired the 47.5% stake that its compatriot Agder Energi held in electric vehicle (EV) charging network operator Gronn Kontakt.

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-- Kallista Energy to buy 32-MW Dutch wind project

French renewable energy producer Kallista Energy has entered into an agreement to buy a 32-MW wind project in the Netherlands, its first in the country.

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-- Endesa buys 1-GW Spanish solar project pipeline from Prodiel

Spanish utility Endesa SA (BME:ELE) said it has acquired a 1,037-MW Spanish solar project portfolio from renewables infrastructure builder Prodiel SL for EUR 36 million.

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-- Engie Brasil to buy power transmission concessionaire in Brazil

Brazilian utility Engie Brasil Energia SA (BMVF:EGIE3) said its unit Engie Transmissao has agreed to acquire a 100% stake in a company that holds a concession to build and operate around 1,800 kilometres of power lines in Para and Tocantins.

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-- Parent expects to announce BayWa r.e. stake sale in Q1 2020

The management board of German diversified group BayWa AG (ETR:BYW6) said before the holidays it expected to conclude negotiations in the first quarter of 2020 for the sale of a stake in BayWa r.e. renewable energy GmbH.

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-- Consortium buys 24.9% of VRFB maker Enerox

A consortium including South African vanadium producer Bushveld Minerals Ltd (LON:BMN) has acquired a 24.9% interest in Enerox GmbH, an Austrian firm producing vanadium redox flow batteries (VRFB).

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-- US Solar Fund agrees another 39-MW solar acquisition

London-listed investment company US Solar Fund Plc (LON:USF) said it has signed binding agreements to buy 39 MW DC of operational solar power plants in North Carolina.

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-- US energy firm LS Power agrees to buy EVgo

New York-based energy company LS Power announced a deal to acquire for an undisclosed amount EVgo, the owner of a large network of electric vehicle (EV) fast chargers in 34 states.

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-- SE Blue Renewables becomes part of Denmark's Eurowind Energy

Danish wind and solar park operator Eurowind Energy A/S has acquired compatriot SE Blue Renewables and its onshore wind fleet totalling 184 MW.

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-- Amtech sees Jan 2020 completion of Tempress solar business sale

Amtech Systems Inc (NASDAQ:ASYS) expects to finalise the sale of its Tempress solar business in January, which will mark its exit from the photovoltaic (PV) segment.

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-- Siemens Gamesa's purchase of Senvion assets gets EC nod

The European Commission (EC) has given approval to the acquisition of certain assets of German wind turbine maker Senvion SE (ETR:SEN) by its Spain-based peer Siemens Gamesa Renewable Energy SA (BME:SGRE).

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-- Omega Geracao to acquire 50 MW of wind in Brazil

Brazilian renewable energy company Omega Geracao SA said it has signed a deal to acquire 50 MW of wind parks in Bahia state.

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-- Taaleri Energia sheds 73.2-MW Finnish wind portfolio to Korean investors

Finnish renewable energy developer Taaleri Energia Ltd has agreed to offload three wind parks at home totalling 73.2 MW to a tie-up of Korean institutional investors.

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-- Gresham House acquires 49-MW UK energy storage project

Gresham House Energy Storage Fund Plc (LON:GRID) has completed the acquisition of a 49-MW battery-only project near Preston, northern England, it said.

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-- US Solar Fund completes acquisition of 28 MW of PV plants in N Carolina

London-listed investment company US Solar Fund Plc (LON:USF) said it has closed the purchase of five operational solar power plants with a combined capacity of around 28 MW in North Carolina from Greenbacker Renewable Energy Company LLC.

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-- John Laing invests USD 36m in Aussie waste-to-power project

John Laing Group Plc (LON:JLG) has agreed to invest AUD 51.5 million in a 29-MW thermal waste-to-energy (WTE) plant that Acciona SA (BME:ANA) and Hitachi Zosen Inova (HZI) will build in Western Australia.

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-- EQTEC, Phoenix Energy reach fin close on biomass project in California

Irish gasification technology supplier EQTEC Plc (LON:EQT) said it had completed the acquisition of a 19.99% stake in North Fork Community Power (NFCP) LLC.

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-- Alternus Energy completes purchase of 11.75-MW Dutch solar plant

Renewable energy firm Alternus Energy Inc (OTCMKTS:ALTN) said it has completed the acquisition of the owner of a 11.75-MW ground-mounted photovoltaic (PV) array in Rilland, the Netherlands, for EUR 10.5 million.

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-- DIF wraps up purchase of 50-MW wind farm in Uruguay

Infrastructure fund manager DIF Capital Partners has finalised the purchase of the 50-MW Cerro Grande wind farm in Uruguay from German duo Enercon GmbH and Eab New Energy.

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-- Iowa ethanol producer SIRE buys back Bunge's shares

Southwest Iowa Renewable Energy LLC (SIRE), the operator of an ethanol plant in Council Bluffs, has bought back the Series B membership units held by Bunge North America LLC, part of food group Bunge Ltd (NYSE:BG), the company announced.

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-- Turkey's Zorlu Enerji agrees to sell wind farm operator

Turkish power producer Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) has signed an agreement to sell its wind power unit Zorlu Ruzgar to Ankara-based renewable energy company Akfen Yenilenebilir Enerji AS.

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-- Malaysia's Kejuruteraan Asastera looks to enter solar market with stake buy

Malaysian engineering company Kejuruteraan Asastera Berhad (KLSE:KAB) announced a proposed agreement to acquire a 30% stake in local solar power solutions provider LeveragEdge Sdn Bhd for MYR 2.1 million.

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-- Solar Integrated Roofing gets USD 2.7m in financing

Solar Integrated Roofing Corporation (OTCMKTS:SIRC) said it has managed to obtain USD 2.7 million in funding using a non-dilutive structure to close its recent acquisitions in San Diego.

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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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