Weekly renewables M&A round-up (Feb 14-18)

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February 18 (Renewables Now) - Renewables Now covered M&A stories about BlackRock, JP Morgan, Ørsted and others in the past week. Below is the full list:

-- Solek, BlackRock fund enter 200-MW solar partnership in Chile

Czech solar developer Solek Group said it has struck a deal to develop up to 200 MW of solar projects in Chile that will be later sold to a climate infrastructure fund owned by BlackRock Real Assets.

Read more: https://renewablesnow.com/news/solek-blackrock-fund-enter-200-mw-solar-partnership-in-chile-773056/

-- Green Genius buys rights to 85-MW wind project in Lithuania

Lithuanian renewables firm Green Genius has signed an agreement to acquire the rights to an 85-MW wind farm project in the home market, it announced.

Read more: https://renewablesnow.com/news/green-genius-buys-rights-to-85-mw-wind-project-in-lithuania-773087/

-- UK HydrogenOne bets on fuel cell developer Bramble Energy

British clean energy investor HydrogenOne Capital Growth Plc (LON:HGEN) unveiled an agreement to inject GBP 10 million in return for a minority holding in domestic hydrogen fuel cell technology developer Bramble Energy Ltd.

Read more: https://renewablesnow.com/news/uk-hydrogenone-bets-on-fuel-cell-developer-bramble-energy-773104/

-- Israel's Solegreen to snap up solar developer S'energy

Israeli renewables company Solegreen Ltd (TLV:SLGN) has signed a memorandum of understanding (MoU) to acquire domestic solar developer S'energy in a deal that will create a green energy company worth ILS 1.3 billion.

Read more: https://renewablesnow.com/news/israels-solegreen-to-snap-up-solar-developer-senergy-773182/

-- European Energy takes 50% stake in Danish offshore wind project

Copenhagen-based renewables developer European Energy A/S has acquired a 50% stake in an offshore wind project with a planned capacity of 160 MW, to be realised in South Denmark.

Read more: https://renewablesnow.com/news/european-energy-takes-50-stake-in-danish-offshore-wind-project-773208/

-- Boralex sheds last biomass asset, to focus on wind, solar

Canadian renewable power producer Boralex Inc (TSE:BLX) has agreed to offload the last remaining biomass power asset in its portfolio as part of a plan to grow in other renewable energy segments.

Read more: https://renewablesnow.com/news/boralex-sheds-last-biomass-asset-to-focus-on-wind-solar-773226/

-- JP Morgan-advised vehicle nears closing of Falck Renewables acquisition

The acquisition by JP Morgan-advised vehicle Infrastructure Investments Fund (IIF) of a 60% stake in Italian renewable energy company Falck Renewables SpA (BIT:FKR) is now wholly unconditional.

Read more: https://renewablesnow.com/news/jp-morgan-advised-vehicle-nears-closing-of-falck-renewables-acquisition-773235/

-- Impax, WATT+VOLT join forces for 200 MW of solar in Greece

Greek power and gas supplier WATT+VOLT has set up a joint venture with sustainability-focused investor Impax Asset Management Group Plc (LON:IPX) to develop solar projects in Greece, starting with a 200-MW portfolio.

Read more: https://renewablesnow.com/news/impax-wattvolt-join-forces-for-200-mw-of-solar-in-greece-773242/

-- Magnora set to double S African pipeline to 1.7 GW via acquisition

Magnora ASA (OSL:MGN) said it is acquiring 92% of South African solar and onshore wind project developer African Green Ventures (AGV), thus increasing its own local renewables pipeline to about 1.7 GW from the current 850 MW.

Read more: https://renewablesnow.com/news/magnora-set-to-double-s-african-pipeline-to-17-gw-via-acquisition-773276/

-- Energiequelle, Aedes join hands to develop 100 MWp of solar in France

French solar project developer Aedes Energies SAS and German peer Energiequelle GmbH have formed a joint venture to develop solar projects with a combined output exceeding 100 MWp in France.

Read more: https://renewablesnow.com/news/energiequelle-aedes-join-hands-to-develop-100-mwp-of-solar-in-france-773323/

-- France's Albioma wraps up buy of second geothermal power plant in Turkey

France-based independent renewable energy producer Albioma said it completed the acquisition of 100% interest in Turkish geothermal power plant Turcas Kuyucak Jeotermal Elektrik Uretim, for an undisclosed price.

Read more: https://renewablesnow.com/news/frances-albioma-wraps-up-buy-of-second-geothermal-power-plant-in-turkey-773332/

-- India's Torrent Power closes buy of 25-MW solar park in Gujarat

India’s Torrent Power Ltd has completed the acquisition of a company holding a 25-MW solar park in the state of Gujarat from Blue Daimond Properties Pvt Ltd and Balrampur Chini Mills Ltd, it was announced.

Read more: https://renewablesnow.com/news/indias-torrent-power-closes-buy-of-25-mw-solar-park-in-gujarat-773335/

-- Greencoat Renewables buys 37-MW Irish wind farm from Apollo funds

Dublin-based Greencoat Renewables PLC (LON:GRP) has acquired a 37-MW wind farm in Ireland from funds managed by affiliates of US investment firm Apollo Global Management (NYSE:APO).

Read more: https://renewablesnow.com/news/greencoat-renewables-buys-37-mw-irish-wind-farm-from-apollo-funds-773406/

-- Ørsted could pick French buyers for Hornsea 2 stake - report

Ørsted A/S (CPH:ORSTED) is in advanced negotiations to offload part of its 1.3-GW-plus UK offshore wind project Hornsea 2 to a French investor group, Bloomberg reported citing people in the know.

Read more: https://renewablesnow.com/news/rsted-could-pick-french-buyers-for-hornsea-2-stake-report-773418/

-- CleanCapital buys 65.3 MW of solar assets in dozen US states

New York-based clean energy investment platform CleanCapital has acquired a diversified 65.3-MW portfolio of solar power assets located in 12 US states from BR Group Holdings LLC, it announced.

Read more: https://renewablesnow.com/news/cleancapital-buys-653-mw-of-solar-assets-in-dozen-us-states-773450/

-- Germany's Einhundert raises EUR 6.5m to scale landlord-to-tenant power ops

German green energy supplier Einhundert Energie GmbH has raised EUR 6.5 million in a Series A financing round to fund the expansion of rooftop photovoltaic systems and the landlord-to-tenant electricity business in a drive to decarbonise the real estate sector at home.

Read more: https://renewablesnow.com/news/germanys-einhundert-raises-eur-65m-to-scale-landlord-to-tenant-power-ops-773494/

-- Energy storage co Antora lands USD 50m on path to decarbonise heavy industry

California-based thermal energy storage developer Antora Energy has secured more than USD 50 million in a fundraising round co-led by Bill Gates-backed Breakthrough Energy Ventures (BEV) and Lowercarbon Capital.

Read more: https://renewablesnow.com/news/energy-storage-co-antora-lands-usd-50m-on-path-to-decarbonise-heavy-industry-773546/

-- AEP unit seeks buying up to 150 MW of solar in West Virginia

Appalachian Power, a unit of utility American Electric Power Company Inc (NYSE:AEP), is seeking to acquire up to 150 MW of solar projects in West Virginia, possibly with battery storage capacity.

Read more: https://renewablesnow.com/news/aep-unit-seeks-buying-up-to-150-mw-of-solar-in-west-virginia-773565/

-- Ameren to buy 150-MW Illinois solar project from Invenergy

US utility Ameren Missouri has struck a deal to acquire a 150-MW solar project that is being developed by Chicago, Illinois-based Invenergy LLC in the latter’s home state.

Read more: https://renewablesnow.com/news/ameren-to-buy-150-mw-illinois-solar-project-from-invenergy-773568/

-- Hy2gen nets EUR 200m for green hydrogen fuel production

German green hydrogen plant developer Hy2gen AG has raised EUR 200 million from investors including Technip Energies (EPA:TE), with the aim of accelerating the development of hydrogen-based fuel (e-fuel) production facilities in Europe and elsewhere.

Read more: https://renewablesnow.com/news/hy2gen-nets-eur-200m-for-green-hydrogen-fuel-production-773596/

-- Enfinity buys 250-MW solar asset portfolio in Japan

Renewables developer Enfinity Global Inc said it has acquired a 250-MW solar photovoltaic (PV) portfolio in Japan with an enterprise value of about USD 1 billion.

Read more: https://renewablesnow.com/news/enfinity-buys-250-mw-solar-asset-portfolio-in-japan-773692/

-- Norwegian maritime group Wilhelmsen takes stake in Reach Subsea

Norwegian maritime industrial group Wilh. Wilhelmsen Holding ASA (OSE:WWI) has acquired a minority holding in domestic contractor Reach Subsea ASA (OSE:REACH) for NOK 149.9 million in order to beef up its operations in remote subsea vehicles for the renewable energy sector.

Read more: https://renewablesnow.com/news/norwegian-maritime-group-wilhelmsen-takes-stake-in-reach-subsea-773831/

-- UK battery recycling start-up Gigamine unveils seed round

UK lithium-ion battery recycling start-up Gigamine this week announced a seed round led by early-stage fund 7percent Ventures with participation from a group of angel investors, among whom Alejandro Agag, the founder of Extreme E and Formula E.

Read more: https://renewablesnow.com/news/uk-battery-recycling-start-up-gigamine-unveils-seed-round-773901/

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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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