Weekly renewables M&A round-up (Dec 27-31)

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December 31 (Renewables Now) - Renewables Now covered M&A stories about Vattenfall, Holaluz, Reliance, ACS and others in the last week of 2021. Below is the full list:

-- Encavis sheds 36.2-MW Austrian wind portfolio stake

German wind and solar farm operator Encavis AG (ETR:ECV)is selling its remaining 51% stake in its 36.2-MW wind portfolio in Austria to domestic utility Wien Energie GmbH.

Read more: https://renewablesnow.com/news/encavis-sheds-362-mw-austrian-wind-portfolio-stake-767165/

-- GIP's Eolian acquires JV interests in energy storage portfolios

Eolian LP, a portfolio company of Global Infrastructure Partners (GIP), has taken full control of the energy storage development portfolios developed jointly with and managed by Able Grid Energy Solutions.

Read more: https://renewablesnow.com/news/gips-eolian-acquires-jv-interests-in-energy-storage-portfolios-767203/

-- Rio Tinto strikes USD-825m lithium project deal in Argentina

Anglo-Australian mining group Rio Tinto Plc (LON:RIO) has signed a binding agreement to buy for USD 825 million (EUR 729.4m) a large undeveloped lithium brine project in Argentina.

Read more: https://renewablesnow.com/news/rio-tinto-strikes-usd-825m-lithium-project-deal-in-argentina-767210/

-- Energiekontor sells 11-MW wind project in Lower Saxony

German renewables developer and operator Energiekontor AG (ETR:EKT) sold the 11.2-MW Voelkersen wind project in Lower Saxony to an unnamed Austrian power utility.

Read more: https://renewablesnow.com/news/energiekontor-sells-11-mw-wind-project-in-lower-saxony-767211/

-- SUNfarming purchases 15-MWp Polish solar project

German solar engineering company SUNfarming GmbH has bought a 15-MWp shovel-ready solar project in Poland and, at the same time, secured construction bridge financing for it, thus achieving financial close.

Read more: https://renewablesnow.com/news/sunfarming-purchases-15-mwp-polish-solar-project-767244/

-- Spanish renewable power supplier Holaluz to buy Bulb's unit in Spain

Spanish renewable power retailer Holaluz Clidom SA (BME:HLZ) is set to acquire peer Bulb Energia Iberica SLU, a Spain-based unit of collapsed UK electricity supplier Bulb which was placed into special administration in its native country after facing financial difficulties amid raging gas prices.

Read more: https://renewablesnow.com/news/spanish-renewable-power-supplier-holaluz-to-buy-bulbs-unit-in-spain-767245/

-- Vattenfall selling part of 301-MW Princess Ariane wind farm to Dutch insurer

Swedish utility Vattenfall AB will sell part of its 301-MW Princess Ariane onshore wind farm in the Netherlands to Dutch insurance company ASR Nederland NV (AMS:ASRNL).

Read more: https://renewablesnow.com/news/vattenfall-selling-part-of-301-mw-princess-ariane-wind-farm-to-dutch-insurer-767257/

-- A2A to take control of Italian renewables firm with 800-MW pipeline

Italian utility A2A SpA (BIT:A2A) announced the signing of a binding deal to acquire a majority stake in Volta Green Energy Srl along with a pipeline of wind and solar projects with a potential capacity totalling 800 MW.

Read more: https://renewablesnow.com/news/a2a-to-take-control-of-italian-renewables-firm-with-800-mw-pipeline-767260/

-- ReneSola to shed 12-MWp solar development in Spain

ReneSola Ltd (NYSE:SOL) has entered into an agreement to sell its interest in a 12-MWp portfolio of PV projects in Spain.

Read more: https://renewablesnow.com/news/renesola-to-shed-12-mwp-solar-development-in-spain-767372/

-- Innergex gets rid of majority stake in 200-MW Texan wind farm

Canadian power producer Innergex Renewable Energy Inc (TSE:INE) has wrapped up the sale of its 51% stake in the 200-MW Flat Top wind farm in Texas.

Read more: https://renewablesnow.com/news/innergex-gets-rid-of-majority-stake-in-200-mw-texan-wind-farm-767429/

-- Encavis buys rest of 300-MWp Spanish solar park from Statkraft

German independent power producer Encavis AG (ETR:ECV) reported the acquisition of the 19.99% stake it did not already have in the 300-MWp Talayuela solar park in Spain, thus reaching the point where it owns 99.6% of its entire solar portfolio.

Read more: https://renewablesnow.com/news/encavis-buys-rest-of-300-mwp-spanish-solar-park-from-statkraft-767434/

-- NTPC to look for strategic investor in renewables arm before IPO - report

Indian state-run energy company NTPC Ltd (BOM:532555) intends to secure a strategic investor for its renewable energy unit before its initial public offering (IPO) that is planned for October 2022, a senior official told the Press Trust of India (PTI).

Read more: https://renewablesnow.com/news/ntpc-to-look-for-strategic-investor-in-renewables-arm-before-ipo-report-767472/

-- Sonnedix buys 37 MW of solar farms in Spain

Global independent solar power producer (IPP) Sonnedix Power Holdings Ltd has finalised the acquisition of 36.8 MW of solar photovoltaic (PV) plants in Spain.

Read more: https://renewablesnow.com/news/sonnedix-buys-37-mw-of-solar-farms-in-spain-767483/

-- Octopus Renewables invests in JVs to develop up to 570 MW of UK wind farms

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) has invested GBP 2.5 million (USD 3.4m/EUR 3m) in nine newly created joint venture (JV) companies with UK onshore wind developer Wind 2 Ltd.

Read more: https://renewablesnow.com/news/octopus-renewables-invests-in-jvs-to-develop-up-to-570-mw-of-uk-wind-farms-767527/

-- Scout buys 369-MW solar project in Illinois from RES

Scout Clean Energy LLC has acquired a 369-MW direct current (DC) solar project in Illinois and expects to invest more than USD 400 million (EUR 353m) to build the park.

Read more: https://renewablesnow.com/news/scout-buys-369-mw-solar-project-in-illinois-from-res-767680/

-- Reliance Industries to acquire UK battery co Faradion for GBP 100m

Indian conglomerate Reliance Industries Ltd (BOM:500325) has agreed to acquire UK sodium-ion battery technology developer Faradion Ltd in a deal with an enterprise value of GBP 100 million (USD 135m/EUR 119.4m).

Read more: https://renewablesnow.com/news/reliance-industries-to-acquire-uk-battery-co-faradion-for-gbp-100m-767683/

-- Sterling & Wilson Renewable okays share allotment to Reliance

Sterling & Wilson Renewable Energy Ltd (BOM:542760), or SWREL, approved an allotment of equity shares that would give Reliance New Energy Solar Ltd a stake of 15.46% in the company.

Read more: https://renewablesnow.com/news/sterling-wilson-renewable-okays-share-allotment-to-reliance-767694/

-- Photon Energy ups stake in Polish VPP developer Lerta

Dutch solar power and clean water company Photon Energy NV (WSE:PEN) has lifted its stake in Poland’s Lerta SA to 24% by taking part in a Series A equity financing round of the virtual power plant (VPP) developer.

Read more: https://renewablesnow.com/news/photon-energy-ups-stake-in-polish-vpp-developer-lerta-767697/

-- Heliogen completes merger with blank check company

Heliogen Inc, a California-based developer of artificial intelligence (AI)-enabled concentrated solar technology, has completed its merger with special purpose acquisition company Athena Technology Acquisition Corp (NYSE:ATHN).

Read more: https://renewablesnow.com/news/heliogen-completes-merger-with-blank-check-company-767699/

-- Darling Ingredients to get more green fuel feedstock with Valley Proteins buy

Texas-based Darling Ingredients Inc (NYSE:DAR) has agreed to acquire Valley Proteins Inc in a move that will boost its green fuel capabilities.

Read more: https://renewablesnow.com/news/darling-ingredients-to-get-more-green-fuel-feedstock-with-valley-proteins-buy-767715/

-- Vinci wraps up EUR-4.9bn buy of ACS' energy biz

French concessions and construction group Vinci SA (EPA:DG) has finalised its purchase of the energy business, including the renewables platform, of ACS Actividades de Construccion y Servicios SA (BME:ACS).

Read more: https://renewablesnow.com/news/vinci-wraps-up-eur-49bn-buy-of-acs-energy-biz-767714/

-- Sonnedix buys 100 MW of solar from ACS in Spain

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd has concluded the acquisition of a 100-MW operational solar photovoltaic (PV) portfolio in Spain.

Read more: https://renewablesnow.com/news/sonnedix-buys-100-mw-of-solar-from-acs-in-spain-767709/

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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