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Weekly renewables M&A round-up (Feb 5-Feb 9)

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February 12 (Renewables Now) - Below you can find a list of stories related to merger and acquisition (M&A) and asset purchase/divestiture deals covered by Renewables Now in the week February 5 - February 9:

-- Vestas to buy US energy analytics co Utopus Insights

Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) has agreed to acquire energy analytics provider Utopus Insights Inc in a USD-100-million deal that will expand its digital solutions offering.

-- Siemens risks being ordered to buy out Gamesa - report

Siemens (ETR:SIE) could find itself forced to launch a buyout bid for Siemens Gamesa Renewable Energy SA (BME:SGRE) should lawyers prove that the German group is failing to fulfill a business integration project linked to the wind power merger from last year, El Espanol reports.

-- E.on sells partial interest in 228-MW wind farm in Texas

German utility E.on SE (ETR:EOAN) has offloaded an unspecified stake in its 228-MW Bruenning's Breeze wind farm in Texas to a unit of JPMorgan Chase & Co (NYSE:JPM) and an unnamed investor.

-- New Energy Solar buying 200-MW PV project in US

Australian investment company New Energy Solar (ASX:NEW) has struck a deal for the acquisition of a 200-MW solar park in the US, planned to go live by end-2019.

-- Capital Dynamics to buy First Solar, SunPower JV yieldco

Global asset manager Capital Dynamics has agreed to acquire 8point3 Energy Partners LP (NASDAQ:CAFD), the solar yieldco owned by SunPower Corp (NASDAQ:SPWR) and First Solar Inc (NASDAQ:FSLR).

-- Terra Firma initiates sale of Italian solar platform RTR - report

Terra Firma Capital Partners Ltd has fired the starting gun on the process to sell Italian solar power producer RTR Rete Rinnovabile, Reuters reports, quoting multiple sources.

-- Fulcrum to expand in UK electricity services market via Dunamis buy

Sheffield-based multi-utility infrastructure services provider Fulcrum Utility Services Ltd (LON:FCRM) has agreed to acquire The Dunamis Group Ltd in a drive to expand in the UK electricity services market.

-- BluEarth takes majority interests in 39.6 MW of US wind parks

Canadian renewable power producer BluEarth Renewables LP said it has acquired majority stakes in two wind farms in Minnesota totalling 39.6 MW.

-- Innergex closes buy of Alterra Power

Canadian firm Innergex Renewable Energy Inc (TSE:INE) said it has closed the CAD-1.1-billion acquisition of compatriot clean energy company Alterra Power Corp (CVE:AXY).

-- Aker Solutions buys minority stake in floating wind specialist Principle Power

Norwegian oil and gas field engineering expert Aker Solutions ASA has bought a 5% stake in US floating wind power technology company Principle Power Inc, with plans to increase its shareholding to 10% by the end of the year.

-- TerraForm approaches Saeta Yield with USD-1.2bn takeover bid

TerraForm Power Inc (NASDAQ:TERP), now majority owned by Canada’s Brookfield Asset Management Inc (TSE:BAM.A), has launched a USD-1.2-billion takeover bid for Spanish renewables yieldco Saeta Yield SA (BME:SAY).

-- Enerkem raises USD 223m, BlackRock joins as investor

Canadian waste-to-biofuels company Enerkem Inc said it has raised CAD 280 million in its largest investment round so far.

-- NRG sells yieldco, renewables platform to GIP

US power company NRG Energy Inc (NYSE:NRG) said it has signed a deal to sell its stake in NRG Yield Inc (NYSE:NYLD.A) and its renewables platform to Global Infrastructure Partners (GIP) for USD 1.375 billion in cash.

-- Enel sells stake in 145.6 MW of Alberta wind projects

Italian energy company Enel SpA (BIT:ENEL) said it will sell a 49% stake in two wind projects in Alberta, Canada to Alberta Investment Management Corp (AIMCo).

-- Battery material maker Ionic Materials secures USD 65m to fuel growth

Ionic Materials, the US-based developer of a solid polymer electrolyte material used in lithium and alkaline-based batteries, has raised USD 65 million in a Series C financing round.

-- Finland’s Taaleri steps in US with 277-MW wind buy

Finnish renewable energy developer Taaleri Energia Ltd said it has bought a 277-MW wind project in the US, its first investment in the North American country.

-- Solar developer Renewable Properties closes USD-12.5m funding round

US solar projects developer Renewable Properties LLC said it has secured a USD-12.5-million capital commitment from New Energy Capital Partners LLC to support its activities.

-- PSEG unveils solar buy from BayWa in N Carolina

PSEG Solar Source said it has bought a solar power plant in North Carolina with a direct current (DC) capacity of 7 MW from the renewables unit of German diversified group BayWa AG (ETR:BYW6).

-- Eneco could initiate sale process this summer - report

The 53 municipal governments that own Dutch power utility Eneco prefer an outright sale of the company to a sector player over a floatation, two banking sources have told Reuters.

-- ContourGlobal negotiating purchase of Acciona CSP plants in Spain

ContourGlobal Plc (LON:GLO) confirmed that it is negotiating the acquisition of five concentrated solar power (CSP) plants in Spain from Acciona SA (BME:ANA).

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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