Weekly renewables M&A round-up (Feb 7-11)

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February 11 (Renewables Now) - Renewables Now covered M&A stories about Shell, TotalEnergies, Eni, Ørsted and others in the past week. Below is the full list:

-- RES snaps up Aussie renewable energy asset manager Blueshore

UK-based RES Group has acquired Australian renewable energy asset manager Blueshore Pty Ltd, which comes with a 1.6-GW portfolio at home.

Read more: https://renewablesnow.com/news/res-snaps-up-aussie-renewable-energy-asset-manager-blueshore-772123/

-- MPC Energy wraps up acquisition of 15.8-MWp solar park in Mexico

Amsterdam-based MPC Energy Solutions NV (OSE:MPCES) said it has finalised the acquisition of the 15.8-MWp Los Santos Solar I park in Mexico’s Chihuahua state.

Read more: https://renewablesnow.com/news/mpc-energy-wraps-up-acquisition-of-158-mwp-solar-park-in-mexico-772131/

-- Investors show interest in insolvent German Green City - report

German renewables developer Green City AG, which filed for insolvency in January, has been approached by various potential investors who have expressed interest in acquiring the entire company, the insolvency administrator told a German newspaper.

Read more: https://renewablesnow.com/news/investors-show-interest-in-insolvent-german-green-city-report-772133/

-- India's PG Electroplast secures solar power supply via stake buy

Indian electronic manufacturing services specialist PG Electroplast Ltd (BOM:533581) has signed a deal to buy a 10.1% equity interest in a solar power firm for the purpose of securing electricity supply for factories in Uttar Pradesh.

Read more: https://renewablesnow.com/news/indias-pg-electroplast-secures-solar-power-supply-via-stake-buy-772151/

-- Greencells buys 1st portion of 790-MWp Italian solar cluster

German solar developer and EPC services provider Greencells announced it has bought a 233-MWp portfolio of five solar projects in Sardinia, Italy, with plans to acquire a further 557 MWp within the same cluster.

Read more: https://renewablesnow.com/news/greencells-buys-1st-portion-of-790-mwp-italian-solar-cluster-772174/

-- Mytilineos selling 100 MW of Spanish solar projects to Aquila Capital

Greek industrial group Mytilineos SA (FRA:MYH) has signed an agreement to sell a 100-MW solar portfolio in Spain to Hamburg-based investor Aquila Capital Holding GmbH.

Read more: https://renewablesnow.com/news/mytilineos-selling-100-mw-of-spanish-solar-projects-to-aquila-capital-772197/

-- VSB acquires 143.5-MW wind project portfolio in France

The French subsidiary of German renewable energy full-service provider VSB Group has acquired nine wind projects in France with a combined capacity of 143.5 MW under a partnership with ADE and 3N Developpement.

Read more: https://renewablesnow.com/news/vsb-acquires-1435-mw-wind-project-portfolio-in-france-772244/

-- Cloudberry buys 18-MW wind project in Sweden, eyes 18 MW more

Cloudberry Clean Energy ASA (OSE:CLOUD) has acquired an 18-MW late-stage development wind project in Sweden and signed to an option giving it the right to buy an 18-MW extension to the scheme.

Read more: https://renewablesnow.com/news/cloudberry-buys-18-mw-wind-project-in-sweden-eyes-18-mw-more-772272/

-- Shell, Gerdau plan 260-MWp solar project in Brazil

Oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with Brazilian steel producer Gerdau SA (BVMF:GGBR4) to develop a 260-MWp solar project in Minas Gerais state.

Read more: https://renewablesnow.com/news/shell-gerdau-plan-260-mwp-solar-project-in-brazil-772278/

-- Axium takes 49% stake in 1.4-GW US wind, solar portfolio

Montreal-based independent fund manager Axium Infrastructure recently announced it had finalised the acquisition of a 49% equity interest in a 1,415-MW portfolio of wind and solar farms in the US.

Read more: https://renewablesnow.com/news/axium-takes-49-stake-in-14-gw-us-wind-solar-portfolio-772351/

-- Technip Energies bets on Spanish floating offshore start-up X1 Wind

French engineering and technology firm Technip Energies (EPA:TE) unveiled the acquisition of a 16.3% holding in Spanish start-up X1 Wind, which has designed a novel offshore wind floater for turbines above 15 MW.

Read more: https://renewablesnow.com/news/technip-energies-bets-on-spanish-floating-offshore-start-up-x1-wind-772366/

-- DSD buys 45-MW solar-plus-storage bundle in Massachusetts

US solar energy business DSD Renewables announced it had acquired a solar-plus-storage project portfolio in southeastern Massachusetts from renewable energy services firm Borrego.

Read more: https://renewablesnow.com/news/dsd-buys-45-mw-solar-plus-storage-bundle-in-massachusetts-772368/

-- Phillips 66, H2 Energy to develop H2 refuelling network in Europe

US energy manufacturing and logistics company Phillips 66 (NYSE:PSX) and Switzerland-based hydrogen specialist H2 Energy announced that their subsidiaries had formed a 50/50 joint venture (JV) to develop retail hydrogen refuelling stations across Germany, Austria and Denmark.

Read more: https://renewablesnow.com/news/phillips-66-h2-energy-to-develop-h2-refuelling-network-in-europe-772382/

-- Ireland's NTR buys 18 MW of wind farms in Italian debut

Dublin-based infrastructure investor and asset manager NTR has acquired a pair of wind farms in Italy totalling 18 MW from German renewables developer BayWa r.e. AG.

Read more: https://renewablesnow.com/news/irelands-ntr-buys-18-mw-of-wind-farms-in-italian-debut-772396/

-- Encavis fund acquires 23.6-MW Irish wind farm from ABO

The asset management subsidiary of German solar and wind farm operator Encavis AG (ETR:ECV) said it has acquired a 23.6-MW wind farm in Ireland from the local unit of compatriot ABO Wind AG (ETR:AB9).

Read more: https://renewablesnow.com/news/encavis-fund-acquires-236-mw-irish-wind-farm-from-abo-772510/

-- Greenbacker buys 20 MW of solar projects in Washington

New York-based sustainable infrastructure investor Greenbacker Renewable Energy Company LLC announced it had acquired a 20-MW direct current (DC) portfolio of solar PV projects in Washington.

Read more: https://renewablesnow.com/news/greenbacker-buys-20-mw-of-solar-projects-in-washington-772557/

-- Electrolysis startup Verdagy raises USD 25m to scale up

US water-electrolysis technology developer Verdagy Inc said it has closed a USD-25-million funding round led by the venture capital arm of Japanese electronics major TDK Corp (TYO:6762), raising money to further scale up its activities.

Read more: https://renewablesnow.com/news/electrolysis-startup-verdagy-raises-usd-25m-to-scale-up-772637/

-- German utility Enercity buys 30% of solar start-up Installion

German electric utility Enercity AG is acquiring a 30% stake in Cologne-based photovoltaics start-up Installion GmbH to boost its capabilities in the solar sector.

Read more: https://renewablesnow.com/news/german-utility-enercity-buys-30-of-solar-start-up-installion-772661/

-- Acciona Energia acquires 458-MWp solar project in Texas

Spanish renewables pure-player Acciona Energia (BME:ANE) said it has acquired the 350-MW/458-MWp Red-Tailed Hawk solar photovoltaic (PV) project in the US state of Texas.

Read more: https://renewablesnow.com/news/acciona-energia-acquires-458-mwp-solar-project-in-texas-772666/

-- TotalEnergies to buy SunPower's CIS solar ops for USD 250m

French multi-energy group TotalEnergies SE (EPA:TTE) has signed a USD-250-million deal to acquire the Commercial & Industrial Solutions (CIS) business of majority-owned US solar company SunPower Corp (NASDAQ:SPWR).

Read more: https://renewablesnow.com/news/totalenergies-to-buy-sunpowers-cis-solar-ops-for-usd-250m-772679/

-- Aker Offshore Wind, EDP to hold equal stakes in Principle Power

Aker Offshore Wind AS and companies from the EDP Group have agreed to rebalance the ownership structure of Principle Power Inc in a transaction that will end with them holding equal equity stakes in the floating wind specialist.

Read more: https://renewablesnow.com/news/aker-offshore-wind-edp-to-hold-equal-stakes-in-principle-power-772716/

-- US Solar Fund eyes 50% stake in 200-MW Mount Signal 2 solar complex

US Solar Fund Plc (LON:USF) will increase its ownership in the 200-MW DC Mount Signal 2 (MS2) solar power plant in the Imperial Valley of Southern California to 50%, the London-listed fund said.

Read more: https://renewablesnow.com/news/us-solar-fund-eyes-50-stake-in-200-mw-mount-signal-2-solar-complex-772719/

-- Ørsted closes 50% stake sale in 900-MW Borkum Riffgrund 3

Ørsted A/S (CPH:ORSTED) said it has wrapped up the sale of a 50% stake in the 900-MW Borkum Riffgrund 3 offshore wind farm complex in German waters to fund manager Glennmont Partners.

Read more: https://renewablesnow.com/news/rsted-closes-50-stake-sale-in-900-mw-borkum-riffgrund-3-772825/

-- Eni buys 20% of 1.2-GW Dogger Bank C in UK waters

Italian oil-and-gas major Eni SpA (BIT:ENI) has finalised the acquisition of a 20% stake in the 1.2-GW Dogger Bank C offshore wind project in UK waters.

Read more: https://renewablesnow.com/news/eni-buys-20-of-12-gw-dogger-bank-c-in-uk-waters-772826/

-- Japanese group buying 53-MWp biomass power project from Solariant

US utility-scale renewables developer and investor Solariant Capital LLC announced it has agreed to sell its 52.7-MWp biomass-fired power plant project in Hiroshima to a Japanese consortium.

Read more: https://renewablesnow.com/news/japanese-group-buying-53-mwp-biomass-power-project-from-solariant-772835/

-- Flender to buy wind turbine gearbox maker Moventas

German mechanical drive systems producer Flender has sealed a deal to acquire Finnish wind turbine gearbox maker Moventas from investor N4 Partners in a push to expand its own wind drives operations.

Read more: https://renewablesnow.com/news/flender-to-buy-wind-turbine-gearbox-maker-moventas-772875/

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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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