Renewables Now covered M&A stories about Iberdrola, Ørsted, PNE and others in the past week. Below is the full list:
-- Indian JV to install 250 MW/500 MWh of battery storage in Assam
Indian firms ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL) have joined forces to install up to 250 MW/500 MWh battery energy storage capacity in the northeastern state of Assam.
-- Energiekontor sells 19-MWp solar park in Brandenburg to CEE
German renewables developer and operator Energiekontor AG (ETR:EKT) announced on Monday it has offloaded a 19-MWp solar park in Germany’s Brandenburg state to domestic renewable energy asset manager CEE Group.
-- Enagas to buy 20% in Dutch-UK gas link included in H2 backbone plans
Spain’s gas grid operator Enagas SA (BME:ENG) said on Monday that it has reached an agreement with German energy group Uniper SE (ETR:UN01) to acquire its 20% stake in Dutch gas pipeline operator BBL Company.
-- Robotic wind service firm Aerones gets USD 30m of growth funding
Aerones, a Latvia-based company providing robot-enabled wind turbine maintenance and inspection, has raised USD 30 million (EUR 27.7m) in growth capital to help it serve a rapidly growing market, it said on Monday.
-- CIP joins Statkraft to develop 2.2 GW of Irish offshore wind
Copenhagen Infrastructure Partners P/S (CIP) has taken a 50% stake in Statkraft A/S’ offshore wind portfolio in Ireland which includes four early to mid-stage projects with an expected capacity of 2.2 GW, the companies announced today.
-- Conenergy bets on green hydrogen firm The Yellow SiC Group
German energy-focused consulting and services company Conenergy has invested in The Yellow SiC Group, a local start-up that develops technology for renewable hydrogen production even in less sunny regions.
-- Iberdrola to sell 49% in 1,265-MW Spanish portfolio to Norges Bank
Spanish utility group Iberdrola SA (BME:IBE) said on Tuesday that it has signed an agreement to sell a 49% stake in its 1,265-MW wind and solar portfolio in Spain to Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund.
-- Zambia to get 2 GW of new solar under pact with UAE
Zambia and the United Arab Emirates (UAE) on Tuesday signed a memorandum of understanding (MoU) and a joint development agreement to build 2,000 MW of large-scale solar farms throughout the Southern African country, Zambia’s president Hakainde Hichilema said.
-- Duke Energy acquires 175-MW solar project in Colorado
Duke Energy Sustainable Solutions (DESS), a non-regulated commercial brand of US utility Duke Energy (NYSE:DUK), has acquired a 175-MW solar project in Colorado from the Colorado-based US subsidiary of German solar developer Juwi.
-- Ørsted to re-take PSEG's 25% stake in 1.1-GW Ocean Wind 1
Denmark’s Ørsted A/S (CPH:ORSTED) will buy back the 25% equity stake in the 1.1-GW Ocean Wind 1 project off New Jersey’s southern coast from Public Service Enterprise Group Inc (NYSE:PEG) nearly two years after closing the stake sale to the US energy holding.
-- Norfund invests in India’s renewables firm SAEL
Norway government's investment arm Norfund has agreed to make a NOK-600-million (USD 61.0m/EUR 56.3m) equity investment in India-based solar and agricultural waste-to-energy firm SAEL to support its push to expand its portfolio to 3 GW over the next five years.
-- Nofar Energy eyes 1.5 GW of wind, solar acquisitions in Romania
Israeli renewables developer Nofar Energy Ltd (TLV:NOFR) has acquired a 73-MWp solar project in Romania as part of a broader plan to take possession of 1.5 GW of wind and solar schemes in the Balkan country through 2023.
-- Lightsource bp sells 247-MW solar complex in Spain
Lightsource bp, the UK-based solar developer half-owned by BP Plc (LON:BP), has unveiled the sale of its 247-MW solar project in Aragon, Spain, a five-project cluster that has been in operation since 2021.
-- Green hydrogen plants maker APEX to go public in Frankfurt
German green hydrogen plants developer APEX is set to go public through a tie-up with investment holding company Exceet Group SCA (ETR:EXC) with the majority of the proceeds from the deal to go for the realisation of its project pipeline of more than 1.7 GW.
-- Romanian gas player Premier Energy pursues wind power investments
Romanian gas distribution network operator and supplier Premier Energy said on Thursday that it has wrapped up the acquisition of a wind farm project in Romania and plans a EUR-100-million-plus (USD 108.2m) investment in a greenfield wind power development in the country.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.