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Weekly renewables M&A round-up (Dec 9-13)

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December 13 (Renewables Now) - Renewables Now covered M&A stories related to Equinor, SSE, Qatar Investment Authority and others over the past week. Below is the full list of deals:

-- European Energy agrees sale of 22.4-MW wind farm in Denmark

Danish renewables developer European Energy A/S announced an agreement to offload a 22.4-MW wind park in Jutland, Denmark to a German investment management firm for an undisclosed amount.

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-- Engie acquires 50 MWp PV pipeline in Portugal

The Portuguese unit of France’s Engie SA (EPA:ENGI) has acquired solar energy company Ikaros Hemero along with a project pipeline of over 50 MWp, local media reported.

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-- Poland's PKN Orlen plans acquisition of Energa

Polish energy company PKN Orlen (WAR:PKN) announced plans to take over local utility Energa SA (WSE:ENG).

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-- Ardian to take 26% stake in German utility EWE

German utility EWE AG is looking to grow further with investments in strategic areas, including renewable energy, with the help of a new shareholder -- French private equity investment company Ardian.

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-- Romania's Hidroelectrica starts procedures to take over CEZ, Enel assets

Romania's Hidroelectrica said it has started procedures to take over assets in the country put up for sale by Czech energy group CEZ and by multinational energy group Enel in Romania.

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-- Minderoo may save Sun Brilliance's 100-MW solar farm in Australia - report

West Australian investment firm Minderoo Group, through its arm Squadron Energy, has agreed to invest in a troubled 100-MW solar project by Sun Brilliance, the Australian Broadcasting Corporation (ABC) reported.

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-- Chile's Copec buys stake in Spanish battery developer Ampere

Chilean holding company Empresas Copec SA has made an investment in Ampere Energy SL, a Spain-based manufacturer of residential battery storage systems, acquiring a 13.5% stake and a seat on the board of directors.

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-- Pattern Energy stops looking for different buyer

The “Go-Shop Period" during which Pattern Energy Group Inc (NASDAQ:PEGI) had time to consider alternative third-party proposals for its acquisition, other than the one by Canada’s CPPIB, has expired.

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-- ISS offers for sale 425 MW of Texas solar projects

US solar farms developer Innovative Solar Systems (ISS) is seeking a buyer for two solar photovoltaic (PV) projects totalling 425 MW, both located in Texas.

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-- Equinor takes 50% in huge Polish offshore wind scheme

Norway’s Equinor ASA (NYSE:EQNR) said it has completed the purchase of a 50% stake in the Baltyk I offshore wind project in Poland.

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-- TRIG, APG to buy 396-MW Merkur offshore wind farm

The Renewables Infrastructure Group Ltd (LON:TRIG) will acquire a stake of around 36% in the 396-MW Merkur offshore wind farm in the German North Sea, while Dutch pension investor APG has agreed to buy the remaining 64%.

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-- Greenbacker acquiring 27.7-MW solar portfolio in Vermont

New York-based Greenbacker Renewable Energy Company LLC said it has agreed to buy a 27.7-MW solar project portfolio in Vermont from Encore Renewable Energy for an undisclosed sum.

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-- US Solar Fund to buy 39 MW of solar projects in N Carolina

London-listed investment company US Solar Fund Plc (LON:USF) said it will purchase six solar projects with a combined direct current (DC) capacity of 39 MW in North Carolina from developer Cypress Creek Renewables.

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-- ReNew Power, GS E&C partner on 300-MW solar project in India

Indian renewable power producer ReNew Power Ltd said it will partner with South Korea's GS Engineering & Construction Corp (KRX:006360) on a 300-MW solar project in the state of Rajasthan, northern India.

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-- SSE Renewables buys rights to 134-MW German wind portfolio

The renewables arm of UK utility SSE plc (LON:SSE) said it has acquired the land and development rights to a 134-MW portfolio of onshore wind projects in Germany.

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-- SSE obtains CMA nod to sell UK retail unit

The UK Competition and Markets Authority (CMA) has given the green light to SSE plc (LON:SSE) for the planned GBP-500-million sale of its household energy and services business to Ovo Group Ltd.

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-- Greenbacker buying 19-MW shovel-ready PV project in Michigan

New York-based Greenbacker Renewable Energy Corp has agreed to acquire a 19-MW ready-to-be-built solar project in Michigan.

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-- Aquila European Renewables buys 22.4-MW operating wind farm in Denmark

Aquila European Renewables Income Fund plc (LON:AERS) said it has expanded its Danish operations by acquiring the owner of a 22.4-MW wind farm that will “immediately generate a strong dividend yield.”

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-- Foresight buys 231-MW Swedish wind project from Arise

Arise AB (STO:ARISE) has signed a deal to sell its 231-MW Skaftasen wind farm project in Sweden to funds managed by UK investment manager Foresight Group LLP for over EUR 25 million.

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-- Qatar Investment Authority to inject USD 450m in Adani Electricity Mumbai

Qatar Investment Authority (QIA) has agreed to take a 25.1% stake in Adani Electricity Mumbai Ltd, a unit of India’s Adani Transmission Ltd (BOM:539254), investing a total of INR 32 billion in the company.

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-- PSO's plan to add 675 MW of Oklahoma wind moves a step forward

Public Service Company of Oklahoma (PSO) has reached a settlement agreement with certain stakeholders on the terms of its planned acquisition of a 45.5% stake in a 1,485-MW wind project portfolio in Oklahoma.

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-- US Viridi Parente secures USD 29m in funding

US-based Viridi Parente Inc, which manufactures renewable power systems for heavy machinery and storage applications, announced it has raised USD 29 million in Series B funding.

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-- GLIL buys into 250 MW of Cubico's wind, solar assets in UK

GLIL Infrastructure LLP said it has agreed to buy a 49% stake in Cubico Sustainable Investments’ UK portfolio that includes more than 250 MW of wind and solar parks.

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-- Encavis takes possession of 81-MW Danish wind portfolio

German wind and solar park operator Encavis AG (ETR:CAP) said it has acquired an 81-MW portfolio of operational wind farms in Denmark from an unnamed vendor.

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-- JLEN takes 70% stake in UK Bio Collectors

John Laing Environmental Assets Group Ltd (LON:JLEN) has acquired a 70% stake in Bio Collectors Holdings Limited, which owns an anaerobic digestion (AD) plant in Merton, London, for an undisclosed amount.

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-- Dalrada takes over low-carbon heat pump maker Likido

Dalrada Financial Corporation (OTCMKTS:DFCO) said it has taken over Scotland-based maker of low-carbon heat pumps Likido Limited.

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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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