Weekly renewables M&A round-up (Jan 10-14)

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January 14 (Renewables Now) - Renewables Now covered M&A stories about Blackstone, Goldman Sachs, ExxonMobil, Eni and others in the past week. Below is the full list:

-- JLEN to shed 8-MW wind farm duo in France

UK investment fund JLEN Environmental Assets Group Ltd (LON:JLEN) said it has agreed to offload two wind parks in France totalling 8 MW in a deal worth EUR 5.9 million.

Read more: https://renewablesnow.com/news/jlen-to-shed-8-mw-wind-farm-duo-in-france-768469/

-- Blackstone to pour USD 3bn in Invenergy Renewables

Alternative asset manager Blackstone Inc (NYSE:BX) will make a roughly USD-3-billion equity investment in US renewable energy projects developer Invenergy Renewables Holdings LLC as part of its broader support for the energy transition.

Read more: https://renewablesnow.com/news/blackstone-to-pour-usd-3bn-in-invenergy-renewables-768478/

-- Cloudberry closes deal for control of Captiva

Cloudberry Clean Energy ASA (OSE:CLOUD) said it has completed the purchase of 60% of Norwegian asset management group Captiva at a valuation of NOK 160 million for the entire business.

Read more: https://renewablesnow.com/news/cloudberry-closes-deal-for-control-of-captiva-768488/

-- Greencoat UK Wind closes buy of 2 subsidy-free projects after commissioning

Greencoat UK Wind Plc (LON:UKW) said it has completed the acquisitions of two subsidy-free wind farms in Scotland with a combined capacity of 91.7 MW following their commissioning.

Read more: https://renewablesnow.com/news/greencoat-uk-wind-closes-buy-of-2-subsidy-free-projects-after-commissioning-768509/

-- SR Investimenti buys, refinances 12-MW Italian solar portfolio

SR Investimenti, backed by Pioneer Point Partners LLP-managed funds, has completed the acquisition and refinancing of a 12-MWp solar photovoltaic (PV) portfolio in Italy.

Read more: https://renewablesnow.com/news/sr-investimenti-buys-refinances-12-mw-italian-solar-portfolio-768543/

-- AES secures 98% ownership stake in AES Andes

The AES Corporation (NYSE:AES) announced its Chilean unit will be successful in increasing its interest in AES Andes SA to 98.13% from 66.98% for an aggregate consideration of CLP 437 billion.

Read more: https://renewablesnow.com/news/aes-secures-98-ownership-stake-in-aes-andes-768589/

-- Goldman Sachs to invest USD 250m in energy storage co Hydrostor

The private equity and sustainable investing businesses within Goldman Sachs Asset Management have made a USD-250-million preferred equity financing commitment to Canadian long-duration energy storage specialist Hydrostor Inc.

Read more: https://renewablesnow.com/news/goldman-sachs-to-invest-usd-250m-in-energy-storage-co-hydrostor-768623/

-- Greenvolt enters US market through acquisition of Oak Creek Energy

Portuguese renewable energy company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has completed the acquisition of resources from California-based company Oak Creek Energy Systems.

Read more: https://renewablesnow.com/news/greenvolt-enters-us-market-through-acquisition-of-oak-creek-energy-768684/

-- Energy transition SPAC C5 Acquisition prices USD-250m New York IPO

C5 Acquisition Corp, a new special purpose acquisition company (SPAC) targeting the energy transition sector, among others, is seeking to raise USD 250 million in an initial public offering (IPO).

Read more: https://renewablesnow.com/news/energy-transition-spac-c5-acquisition-prices-usd-250m-new-york-ipo-768724/

-- NextEnergy Capital offloads 149 MW of Italian solar projects

London-based NextEnergy Capital announced the sale of the solar portfolio owned by the NextPower II fund in Italy, with a combined operational capacity of 149 MW.

Read more: https://renewablesnow.com/news/nextenergy-capital-offloads-149-mw-of-italian-solar-projects-768740/

-- Iberdrola concludes restructuring of US offshore wind JV with CIP

Iberdrola SA (BME:IBE) has obtained full ownership of a couple of US offshore wind developments surpassing 2,000 MW of total capacity by finalising the restructuring of a joint venture with Copenhagen Infrastructure Partners (CIP).

Read more: https://renewablesnow.com/news/iberdrola-concludes-restructuring-of-us-offshore-wind-jv-with-cip-768824/

-- ExxonMobil to buy into Norwegian biofuels co Biojet

US oil group Exxon Mobil Corp (NYSE:XOM) said it has entered into an agreement to acquire a 49.9% stake in Norwegian biofuels company Biojet AS for an undisclosed sum.

Read more: https://renewablesnow.com/news/exxonmobil-to-buy-into-norwegian-biofuels-co-biojet-768833/

-- GBLT buys majority in German solar installer Gebäude Technologie

GBLT Corp (CVE:GBLT), a supplier of mobile storage, battery and personal protection equipment, announced it has taken control of German renewable energy engineering firm Gebaeude Technologie Center (GTC).

Read more: https://renewablesnow.com/news/gblt-buys-majority-in-german-solar-installer-gebaude-technologie-768836/

-- Solar windows maker Ubiquitous Energy closes USD-30m funding round

Transparent photovoltaics (PV) developer Ubiquitous Energy has recently closed a USD-30-million Series B funding round led by window and door products maker Andersen Corporation.

Read more: https://renewablesnow.com/news/solar-windows-maker-ubiquitous-energy-closes-usd-30m-funding-round-768847/

-- Greenbacker Capital invests in energy storage co Delorean Power

An affiliated fund of Greenbacker Capital Management LLC has made a strategic equity investment into energy storage company Delorean Power LLC, thus supporting a pipeline of standalone battery projects across the US.

Read more: https://renewablesnow.com/news/greenbacker-capital-invests-in-energy-storage-co-delorean-power-768855/

-- Norway's Freyr, Taiwan's Aleees to explore battery materials JV

Norwegian battery cell developer Freyr AS (NYSE:FREY) and Taiwanese battery materials manufacturer Aleees (TWSE:5227) have agreed heads of terms with a view to forming a joint venture for the production of lithium iron phosphate (LFP) cathode materials for batteries in the Nordic region.

Read more: https://renewablesnow.com/news/norways-freyr-taiwans-aleees-to-explore-battery-materials-jv-768858/

-- Encavis fund buys 56.3-MW Spanish solar farm from BayWa

The asset management subsidiary of German solar and wind farm operator Encavis AG (ETR:ECV) has bought a 56.3-MW solar park project in Spain in what was its first deal on the Spanish market.

Read more: https://renewablesnow.com/news/encavis-fund-buys-563-mw-spanish-solar-farm-from-baywa-768867/

-- Ørsted joins Liquid Wind in Swedish e-methanol project

Ørsted A/S (CPH:ORSTED) said it will invest in an e-methanol project in Sweden in a move underscoring its ambition to become a global leader in green fuels and renewable hydrogen.

Read more: https://renewablesnow.com/news/rsted-joins-liquid-wind-in-swedish-e-methanol-project-768888/

-- Iberdrola secures option to join 3.5-GW Philippine offshore wind pipeline

Spanish electric utility Iberdrola SA (BME:IBE) said it has secured an option to enter five offshore wind projects in the Philippines at very early stages of development with up to 3.5 GW of potential capacity.

Read more: https://renewablesnow.com/news/iberdrola-secures-option-to-join-35-gw-philippine-offshore-wind-pipeline-768906/

-- EDF Renewables, DP Energy tie up on 1-GW Celtic Sea floating wind project

Irish renewables developer DP Energy and EDF Renewables UK and Ireland, a subsidiary of French utility EDF (EPA:EDF), unveiled a joint venture partnership for an up-to-1-GW floating offshore wind project in the Celtic Sea, called Gwynt Glas.

Read more: https://renewablesnow.com/news/edf-renewables-dp-energy-tie-up-on-1-gw-celtic-sea-floating-wind-project-768928/

-- Spain's Acciona mulls sale of stake in renewable energy unit - report

Spanish conglomerate Acciona SA (BME:ANA) is preparing to sell down 8% of its renewable energy subsidiary Corporacion Acciona Energias Renovables, or Acciona Energia (BME:ANE), in a deal that could fetch between EUR 800 million and EUR 1 billion, Spanish finance newspaper Cinco Dias reported.

Read more: https://renewablesnow.com/news/spains-acciona-mulls-sale-of-stake-in-renewable-energy-unit-report-768945/

-- Aega clinches deal to buy Italian solar parks

Aega ASA (OSE:AEGA) has signed a mutually binding offer to acquire two solar parks in Italy with a combined capacity of 1.33 MW, firming up an exclusivity agreement inked in November 2021.

Read more: https://renewablesnow.com/news/aega-clinches-deal-to-buy-italian-solar-parks-768952/

-- KGAL buys 50% in renewables developer GP JOULE Projects

KGAL Investment Management GmbH & Co KG has bought a combined 50% interest in renewables developer GP JOULE Projects for an undisclosed sum.

Read more: https://renewablesnow.com/news/kgal-buys-50-in-renewables-developer-gp-joule-projects-768969/

-- Luxcara buys 10% in 731.5-MW Dutch offshore wind park from Van Oord

German renewable energy asset manager Luxcara GmbH has acquired a 10% stake in the 731.5-MW Borssele III & IV offshore wind complex in the Dutch North Sea from Dutch marine contractor Van Oord.

Read more: https://renewablesnow.com/news/luxcara-buys-10-in-7315-mw-dutch-offshore-wind-park-from-van-oord-768989/

-- Invenergy, Lafayette Square create community solar JV targeting 3 GW

Chicago-based renewables developer and operator Invenergy and impact investment platform Lafayette Square announced the launch of a community solar joint venture that plans to develop 3 GW of renewable energy capacity by 2030.

Read more: https://renewablesnow.com/news/invenergy-lafayette-square-create-community-solar-jv-targeting-3-gw-769007/

-- Reden, Vinefield to acquire 400-MW solar project portfolio in Spain

French solar power producer Reden and Spanish investment manager Vinefiled Capital have agreed to purchase an over 400-MW portfolio of solar projects in Spain.

Read more: https://renewablesnow.com/news/reden-vinefield-to-acquire-400-mw-solar-project-portfolio-in-spain-769015/

-- E.on buys into Norway's Horisont Energi to boost carbon capture business

German energy major E.on SE (ETR:EOAN) will take a 25% stake in Norwegian clean energy company Horisont Energi AS (OSE:HRGI) as part of a partnership aimed at the development of carbon capture, transport and storage as well as the production of clean hydrogen and ammonia.

Read more: https://renewablesnow.com/news/eon-buys-into-norways-horisont-energi-to-boost-carbon-capture-business-769062/

-- Matrix Renewables bags 440 MW of solar projects in Spain, Italy

Global renewable energy platform Matrix Renewables has struck an agreement to acquire 440 MW worth of solar PV projects in Spain and Italy, it announced.

Read more: https://renewablesnow.com/news/matrix-renewables-bags-440-mw-of-solar-projects-in-spain-italy-769075/

-- Eni buys 800-MW PV development platform in Greece

Italian oil and gas company Eni SpA (BIT:ENI) has acquired Solar Konzept Greece (SKGR), a company with a PV development platform and a pipeline of roughly 800 MW of solar projects at various stages of development in Greece.

Read more: https://renewablesnow.com/news/eni-buys-800-mw-pv-development-platform-in-greece-769093/

-- EIT InnoEnergy welcomes ING as 1st financial institution shareholder

Dutch banking group ING Group (AMS:INGA) has invested in sustainable energy accelerator EIT InnoEnergy, becoming the first financial institution to join its shareholders.

Read more: https://renewablesnow.com/news/eit-innoenergy-welcomes-ing-as-1st-financial-institution-shareholder-769128/

-- Eurazeo takes majority stake in Belgian Ikaros Solar

French private equity firm Eurazeo SE (EPA:RF) said it has purchased an 80% stake in Belgian photovoltaics (PV) group Ikaros Solar from its founders and Capenergie 2, a fund managed by French investment company Omnes Capital.

Read more: https://renewablesnow.com/news/eurazeo-takes-majority-stake-in-belgian-ikaros-solar-769219/

-- Iberdrola acquires over 800 MW of UK solar projects

Spanish utility Iberdrola SA (BME:IBE), through its UK unit ScottishPower, has signed agreements to acquire over 800 MW of late-stage solar PV projects located in England, Scotland and Wales.

Read more: https://renewablesnow.com/news/iberdrola-acquires-over-800-mw-of-uk-solar-projects-769277/

-- Hanwha Solutions to close investment in REC Silicon next week

REC Silicon ASA announced that the transactions through which Hanwha Solutions Corp (KRX:009830) will acquire a 16.67% stake in the company should close on January 19 as all conditions for completion have now been met.

Read more: https://renewablesnow.com/news/hanwha-solutions-to-close-investment-in-rec-silicon-next-week-769278/

-- CIP joins AustriaEnergy, Oekowind on 1.7-GW green H2 project in Chile

Copenhagen Infrastructure Partners P/S (CIP) has joined the partnership of Austrian renewables companies AustriaEnergy Group and Oekowind EE GmbH in a joint venture (JV) to develop a 1.7-GW onshore wind, green hydrogen and ammonia project in southern Chile.

Read more: https://renewablesnow.com/news/cip-joins-austriaenergy-oekowind-on-17-gw-green-h2-project-in-chile-769296/

-- Bahrain's Kanoo, India's CleanMax agree solar partnership

Bahrain's Kanoo Industrial and Energy and India-based renewable energy company CleanMax have signed a memorandum of understanding to set up joint ventures in Bahrain and Saudi Arabia that will provide on-site solar solutions to local customers on a build-own-operate (BOO) basis.

Read more: https://renewablesnow.com/news/bahrains-kanoo-indias-cleanmax-agree-solar-partnership-769313/

-- Sunfire buys German electroplating site ahead of expansion

Electrolysers maker Sunfire GmbH said it is acquiring the Solingen branch of German electroplating specialist MTV NT GmbH to get ready for a rapid expansion of manufacturing capacities as order books for its alkaline electrolysis systems are already full.

Read more: https://renewablesnow.com/news/sunfire-buys-german-electroplating-site-ahead-of-expansion-769343/

-- Array wraps up acquisition of Spanish solar tracker maker STI Norland

US solar tracker maker Array Technologies Inc (NASDAQ:ARRY) has finalised the acquisition of Spanish peer Soluciones Tecnicas Integrales Norland SL (STI Norland), it announced.

Read more: https://renewablesnow.com/news/array-wraps-up-acquisition-of-spanish-solar-tracker-maker-sti-norland-769352/

-- Oil and gas co Echo Energy agrees entry into Chilean solar market

Latin America-focused upstream oil and gas company Echo Energy plc (LON:ECHO) said it has entered into an option agreement to buy a 70% stake in a Chilean solar project approaching a ready-to-build status.

Read more: https://renewablesnow.com/news/oil-and-gas-co-echo-energy-agrees-entry-into-chilean-solar-market-769358/

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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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