Weekly renewables M&A round-up (Dec 24-31)

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January 7 (Renewables Now) - Renewables Now covered M&A stories related to EDP, Enel, Renova and Glennmont in the seven days from Dec 24 till December 31. Below is the full list of deals:

-- EDP Brasil closes sale of 132 MW HPPs to Statkraft

EDP Energias do Brasil SA (B3:ENBR3) has completed the sale of 131.9 MW of small hydropower plants (HPPs) to a local unit of Norwegian state-owned utility Statkraft AS.

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-- CADE okays PEC Energia' buy of Eletrobras' stake in 91 MW of wind

Brazil's Administrative Council for Economic Defense (CADE) has approved without restrictions the acquisition by PEC Energia SA of the shares it does not already own in 90.74 MW of wind power capacity.

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-- Apex sells to Algonquin 202-MW wind project in Illinois

Apex Clean Energy has unloaded a 202-MW wind project in Illinois to a unit of Canadian renewable energy company Algonquin Power & Utilities (TSX:AQN) for an undisclosed amount.

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-- Farallon emerges as next bidder for Renova's 400-MW Brazilian wind complex

Renova Energia SA (BVMF:RNEW11) has received a binding offer from portfolio manager Farallon Latin America Investimentos Ltda for its roughly 400-MW Alto Sertao III wind complex.

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-- Boralex buys French onshore wind co Ecotera, 100 MW of projects

Canadian renewables developer Boralex Inc (TSE:BLX) has acquired French onshore wind project developer Ecotera Developpement along with an over 100-MW portfolio of eight wind projects in France.

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-- Enel exits 410-MW Italian solar JV

Italian utility Enel SpA (BIT:ENEL) has sold its stake in the solar joint venture EF Solare Italia SpA (EFSI), owner of 410 MW of assets, to its partner F2i SGR for an equity consideration of EUR 214 million.

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-- BP Wind sells 430-MW Texas portfolio to Ares

Funds managed by affiliates of Ares Management Corp (NYSE:ARES) have acquired a 430-MW portfolio of wind projects in Texas from BP Wind Energy, a unit of UK oil major BP plc (LON:BP).

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-- Statkraft buys controlling stake in German EV charging start-up

Norwegian state-owned utility Statkraft AS announced it has bought a 61% interest in eeMobility GmbH in a deal that marked its entry into the German electric vehicle (EV) charging market.

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-- Greencoat adds 87.6 MW of wind to Irish portfolio

Irish wind investor Greencoat Renewables Plc (LON:GRP) has acquired stakes in three wind farms in Ireland with a combined capacity of 207 MW from domestic forestry company Coillte.

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-- Lugo Immobiliare sells to SEF 7.1 MWp of PV in Italy

Lugo Immobiliare SpA, a Ravenna-based real estate investment holding currently in liquidation, has sold to industrial holding SEF srl solar parks in Italy with a combined capacity of 7.1 MWp.

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-- Glennmont to sell to Tages 85.4 MW of Italian PV

London-based renewable energy fund manager Glennmont Partners said it has agreed to sell to Tages Capital SGR SpA three solar parks in Italy with a combined capacity of 85.4 MW.

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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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