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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.