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Weekly renewables M&A round-up (Dec 3-10)

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December 10 (Renewables Now) - Renewables Now covered M&A stories related to Drax, Renova and ContourGlobal last week. Below is the full list of deals:

-- New Drax-Iberdrola deal mitigates risks to capacity payments

Drax Group Plc (LON:DRX) and Iberdrola SA (BME:IBE) have added a risk-sharing mechanism to the asset sale deal they reached in mid-October in view of the recent suspension of the capacity market scheme in the UK.

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-- BlackRock selling portfolio of 14 French solar parks

The real assets division of US investment manager BlackRock Inc (NYSE:BLK) has agreed to offload a portfolio of 14 operating solar parks in France, it said.

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-- Taaleri Energia buys 23.4-MW wind project in Sweden

Finnish renewable energy developer Taaleri Energia Ltd said it has achieved financial close on a newly-acquired wind project in Sweden with a capacity of 23.4 MW.

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-- Japan G Three selling 5.5 MW of PV plants

Japanese diversified group G Three Holdings Corp (TYO:3647) announced it is selling two solar plants with a combined capacity of 5.5 MW.

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-- Renova gets bid from AES Tiete for roughly 1.5 GW of wind assets in Brazil

Renova Energia SA (BVMF:RNEW11) has received a binding proposal from local firm AES Tiete Energia SA for the complete acquisition of its roughly 400-MW Alto Sertao III wind power complex plus 1.1 GW of other wind projects.

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-- Disa acquires 6 MW of PV plants in Chile

Spanish energy company Disa Group announced it has completed the acquisition of two solar plants in Chile with a combined capacity of 6 MW.

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-- ContourGlobal selling 49% stake in Spanish CSP portfolio for EUR 134m

ContourGlobal Plc (LON:GLO) said it is selling a minority stake in the 250-MW Spanish solar thermal power portfolio it bought from Acciona SA (BME:ANA) earlier in 2018, and added it “remains comfortable” with its current financial guidance for the year.

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-- Enertronica, PowerChina to bid for 200-MW solar job in LatAm

Italian renewables firm Enertronica SpA (BIT:ENT) is creating a commercial joint venture with Power Construction Corporation of China, or PowerChina, to take part in a tender for the turnkey construction of a 200-MW solar park in Latin America.

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-- Poland's PGE starts looking for offshore wind partners

Polish power group PGE Polska Grupa Energetyczna SA (WSE:PGE), or PGE, said it has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.

PGE said in a statement it plans to eventually sell up to a 50% stake in two project companies.

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-- ABN Amro, partners acquire 14.1-MW Dutch wind project

The Energy Transition Fund of Dutch lender ABN Amro has tied up with domestic companies Greenchoice and Windunie to acquire the owner of a 14.1-MW wind project in the Netherlands.

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-- Falck to acquire 59.5-MW wind portfolio in France

Italy-based Falck Renewables SpA (BIT:FKR) has agreed to buy a 59.5-MW wind power portfolio in France from Glennmont Clean Energy Cooperatief UA for about EUR 37 million.

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-- 8minutenergy co-founder launches buyout bid

The co-founder of 8minutenergy Renewables LLC and its management team announced they will take control over the US solar and storage developer in a deal having immediate effect.

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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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