Weekly renewables M&A round-up (Feb 11-17)

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February 18 (Renewables Now) - Renewables Now covered M&A stories related to Shell, Sempra Renewables and Atlantica Yield over the past seven days. Below is the full list of deals:

-- Skyline Renewables buys 117-MW wind portfolio from NJR

Skyline Renewables has finalised the acquisition of a 117-MW portfolio of wind farms from the clean energy arm of New Jersey Resources (NYSE:NJR).

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-- Ireland's ESB, Coillte mull 1-GW renewables development JV

Irish energy producer and distributor ESB said it is holding bilateral discussions with local forestry company Coillte to create a renewables development joint venture targeting 1 GW of capacity by 2030.

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-- Cobra takes full control of Spain’s Bow Power for USD 96.8m

Cobra Instalaciones y Servicios SA has acquired the 49% stake it did not own in Spanish renewables energy assets developer Bow Power from New York-based investment fund Global Infrastructure Partners (GIP) for USD 96.8 million.

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-- ERG takes majority stake in 51.4-MW Italian solar portfolio

Italian energy company ERG SpA (BIT:ERG) has finalised the acquisition of a 78.5% stake in the owner of two solar parks at home with a combined capacity of 51.4 MW.

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-- AEP to buy Sempra Energy's renewables ops for USD 1.06bn

US utility American Electric Power Company Inc (NYSE:AEP) has agreed to acquire Sempra Energy’s (NYSE:SRE) renewables business and its 724-MW portfolio of wind and battery storage capacity in a deal worth USD 1.06 billion.

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-- Macquarie unit snaps up US waste-to-energy group Wheelabrator

Infrastructure investor Macquarie Infrastructure Partners (MIP) has acquired US waste-to-energy plants operator Wheelabrator Technologies Inc and its fleet of 19 operational and under-construction assets.

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-- Shell to help take Makani's wind kites offshore

Makani, a wind energy kites developer that joined the research lab of Google’s parent in 2013, has now become an independent business that aims to adapt its technology to offshore environments.

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-- Wind co PNE acquires aviation obstruction marking business

German wind projects developer PNE AG (ETR:PNE3) announced that one of its subsidiaries has acquired a business specialising in turbine obstruction and on-demand night-time marking.

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-- Sunrock selling Belgian solar portfolio to focus on Dutch market

Amsterdam-based solar developer Sunrock said it is selling a portfolio of 100 Belgian projects with a total investment value exceeding EUR 80 million to Patronale Solar.

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-- European consortium to buy 80% of Veja Mate offshore wind park

A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.

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-- WEG acquires Northern Power Systems' energy storage business

Brazilian electrical equipment manufacturer WEG SA (BVMF:WEGE3) announced the acquisition of the Energy Storage System (ESS) business of US-based Northern Power Systems Corp.

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-- Mitsui invests GBP 10m in UK clean energy retailer Tonik

Japanese general trader Mitsui & Co Ltd (TYO:8031) has invested GBP 10 million in UK clean energy retailer Tonik Energy, it was announced.

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-- EnBW sells minority stake in 13-MW German wind farm

German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has recently sold a 24.95% stake in the 13-MW Buchholz III wind farm to two of its own shareholders, municipal associations OEW and NEV.

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-- SunPower discusses fundraising for solar cell business

SunPower Corp (NASDAQ:SPWR) is trying to arrange non-equity strategic partner funding that would aid the expansion of its Next Generation Technology (NGT) solar cell manufacturing capacity.

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-- PG&E bankruptcy forces Clearway to cut dividend, forego solar deal

Clearway Energy Inc (NYSE:NYLD) unveiled some measures taken by the US energy infrastructure investor, including a dividend reduction, in view of the bankruptcy of one of its largest customers -- Californian utility PG&E.

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-- Atlantica Yield reviewing strategic options

The board of Spanish renewables yieldco Atlantica Yield Plc (NASDAQ:AY) has formed a committee to evaluate various strategic alternatives available to the company.

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-- Shell to buy all of storage specialist Sonnen

Energy major Royal Dutch Shell Plc (AMS:RDSA) announced a deal to buy 100% of German energy storage specialist Sonnen for an undisclosed sum.

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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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