February 25 (Renewables Now) - Renewables Now covered M&A stories related to Innogy, Vestas and Suzlon over the past seven days. Below is the full list of deals:
-- Actis abandons plan to acquire Essel Infra’s solar portfolio in India - report
Private equity firm Actis LLP has lost interest in buying the 685-MW Indian solar portfolio of Essel Infraprojects Ltd, but the debt-laden company may have found another suitor, Mint reports.
-- Dandelion Energy bags USD 16m in funding round
US residential geothermal startup Dandelion Energy Inc has concluded a USD-16-million Series A funding round co-led by GV and Comcast Ventures.
-- Windwaerts sells 11.75-MW German wind park to AREAM
German renewables developer Windwaerts Energie GmbH said it has sold the 11.75-MW Dueste II wind farm in Lower Saxony to a fund run by German asset manager AREAM GmbH.
-- 7C Solarparken buys PV, wind parks plus asset management platform
German photovoltaic (PV) plants owner 7C Solarparken AG (ETR:HRPK) reported a number of investments in operating plants, including its first wind turbine, and the PV asset management platform of Ernst Russ.
-- UK energy storage co Zenobe gets GBP-25m cash injection
Japanese power companies JERA Co Inc and TEPCO Power Grid Inc have made a GBP-25-million investment in UK battery storage owner and operator Zenobe Energy Ltd.
-- Global P&U deals hit USD 256.3bn in 2018, renewables bring 19% - EY
Global power and utilities (P&U) transactions reached a new deal value record in 2018 at USD 256.3 billion, and 19% of that came from renewables, Ernst & Young (E&Y) calculates.
-- Greenbacker buying 6.3-MW solar portfolio from Melink
New York-based Greenbacker Renewable Energy Company LLC said it has agreed to buy the managing member interest to a 6.3-MW portfolio of solar parks in Indiana.
-- Valoe to start making IBC cells in Lithuania in H2 2019
Finnish high-tech company Valoe Corp (HEL:VALOE) expects to start producing interdigitated back contact (IBC) cells at a plant in Lithuania in the second half of 2019, as it is buying the solar cell production business of JCS SoliTek R&D.
-- Marguerite fund buys stake in 100 MWp of Spanish solar projects
Pan-European equity fund Marguerite has acquired an 80% stake in two solar photovoltaic (PV) projects totalling 100 MWp in Spain from OPDEnergy, the Spanish renewable energy company announced.
-- EverSource eager to buy into Indian wind, solar player Ayana
Indian green energy infrastructure developer EverSource Capital is holding talks to buy a minority interest in domestic sector player Ayana Renewable Power, the Economic Times reports.
-- Mitsubishi to buy into UK greentech firm OVO
UK greentech company OVO Group Limited has secured a minority investment from Mitsubishi Corporation (TYO:8058), which is already active in the renewable energy sector in Europe.
-- Luxcara acquires 100-MW wind project in Finland
German renewables investor and asset manager Luxcara GmbH said it has bought the 100-MW Valikangas wind project in Finland from German renewables developer ABO Wind AG.
-- RWE seen to get antitrust approval for E.on, Innogy deal - report
The European Commission is expected to approve German utility RWE AG's (ETR:RWE) planned purchase of the renewable energy businesses of E.on (ETR:EOAN) and Innogy (ETR:IGY), Reuters reported, citing people familiar with the matter.
-- PE firm Equistone to buy solar industry supplier RENA
Mid-market private equity firm Equistone Partners Europe has agreed to buy a majority stake in the RENA group, a German wet chemical processing specialist that serves various industries including the solar power sector.
-- Lyon Capital negotiating 30-MW solar project investment in Brazil - report
Management company Lyon Capital is in advanced negotiations for the acquisition of the 30-MW Inhare I solar project from financial consultancy Hichens Harrison, Reuters reported.
-- PNE enters LatAm via purchase of projects in Panama
German wind projects developer PNE AG (ETR:PNE3) has acquired five schemes in Panama, where it is creating a hub in order to enter and grow into the Latin America renewable energy market.
-- Standard Solar to buy 27 MW of DG in Rhode Island, New York
Standard Solar Inc has inked a deal to buy 27 MW of distributed generation (DG) solar projects in New York and Rhode Island from Freepoint Solar LLC.
-- Vestas reportedly seeks to take control of India's Suzlon
Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) is holding discussions to buy a controlling stake in Indian peer Suzlon Energy Ltd (BOM:532667), CNBC-TV18 reports.