Weekly renewables M&A round-up (Feb 3-7)

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February 7 (Renewables Now) - Renewables Now covered M&A stories related to PG&E, Siemens Gamesa, Total, Innergex and others over the past two weeks. Below is the full list of deals:

-- Enel, GE JV sells 255-MW US hydro portfolio to Hull Street Energy

US private equity firm Hull Street Energy has sealed a deal to buy a 255-MW portfolio of 31 hydroelectric facilities from a joint venture between Enel Green Power North America and GE Energy Financial Services.

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-- Koolen Industries invests in sustainable energy backer EIT InnoEnergy

Dutch clean energy investor Koolen Industries unveiled it has become a shareholder in European sustainable energy accelerator EIT InnoEnergy.

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-- Spain's Amper to take control of three contractors in renewables sector

Spanish engineering group Amper SA (BME:AMP) announced it had signed pre-agreements for the acquisition of majority stakes in three companies engaged in the renewables sector.

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-- ABO Wind sells 100-MW project in Spain to Azora

German wind farms developer ABO Wind AG has sold the 100-MW Cuevas de Velasco project in the Spanish autonomous community of Castilla-La Mancha to investment company Azora.

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-- California senator proposes bill to end PG&E's private co status

California state senator Scott Wiener introduced legislation that could result in Pacific Gas and Electric Co (PG&E) becoming a government-owned utility.

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-- Iberdrola to divest Siemens Gamesa stake

Spanish power utility Iberdrola SA (BME:IBE) will today shed its entire stake in wind turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE) to Siemens AG (ETR:SIE).

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-- Cubico buys 50-MW Arenales CSP plant in Spain

Cubico Sustainable Investments has added a 50-MW concentrated solar power (CSP) plant to its portfolio of Spanish renewables after acquiring the asset’s owner, Arenales Solar PS SL.

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-- Total buying 50% of Adani Green's 2-GW solar portfolio in India

French oil-and-gas major Total SA (EPA:FP) will own half of an over-2-GW solar portfolio in India under a deal with a unit of domestic conglomerate Adani Group.

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-- Hydro-Quebec invests in Innergex as part of new strategic alliance

Canadian electricity producer Hydro-Quebec has acquired a 19.9% stake in Innergex Renewable Energy Inc (TSE:INE) through a CAD-661-million investment that accompanies a newly-agreed strategic alliance between the two.

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-- Canadian Solar snaps up 47.5-MWp Chilean project portfolio

Canadian Solar Inc (NASDAQ:CSIQ) has acquired a 47.5-MWp solar project portfolio in Chile, it announced.

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-- Dynamic Energy sells 2 Massachusetts solar-plus-storage projects

US solar company Dynamic Energy Solutions LLC has sold two ground-mounted solar-plus-storage projects totalling 11.2 MW DC/10.3 MWh that were developed under the Solar Massachusetts Renewable Target (SMART) programme.

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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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