Renewables Now covered M&A stories about Fortum, Shell, SSE, ContourGlobal and others in the past week. Below is the full list:
-- Standard Solar buys 28.5-MW solar park in Idaho
US solar developer Standard Solar Inc announced it has acquired a 28.5-MW photovoltaic (PV) park in Idaho from funds managed by True Green Capital Management.
Read more: https://renewablesnow.com/news/standard-solar-buys-285-mw-solar-park-in-idaho-769412/
-- European Energy selling 121.5 MW of Italian solar parks
Danish renewables developer European Energy A/S said it has sold a 103-MW solar park in Italy to Iren Energia and is in the process of unloading another plant to the domestic multi-utility company.
Read more: https://renewablesnow.com/news/european-energy-selling-1215-mw-of-italian-solar-parks-769424/
-- Motor Oil, PPC to create green hydrogen JV in Greece
Greek utility PPC SA (ATH:PPC) and domestic petroleum refiner Motor Oil Hellas (FRA:MHZ) unveiled plans to set up a joint venture (JV) dedicated to the development of green hydrogen projects at home.
Read more: https://renewablesnow.com/news/motor-oil-ppc-to-create-green-hydrogen-jv-in-greece-769448/
-- Austria's CLEEN Energy acquires renewable energy project rights in Croatia
Austrian clean energy efficiency solutions provider CLEEN Energy entered the Croatian market through the acquisition of project rights for 23 MWp of renewable energy capacity, it said.
Read more: https://renewablesnow.com/news/austrias-cleen-energy-acquires-renewable-energy-project-rights-in-croatia-769485/
-- Sonnedix buys 8.6-MW solar project in Chile
Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has finalised the acquisition of an 8.6-MW solar photovoltaic (PV) project in Chile.
Read more: https://renewablesnow.com/news/sonnedix-buys-86-mw-solar-project-in-chile-769588/
-- SUNfarming buys 60 MWp of CfD-backed solar projects in Poland
German solar energy equipment supplier SUNfarming GmbH announced the acquisition of 60 MWp of solar projects in Poland, all winners in domestic renewable energy auctions.
Read more: https://renewablesnow.com/news/sunfarming-buys-60-mwp-of-cfd-backed-solar-projects-in-poland-769589/
-- Octopus buys 14.1-MW French wind farm from Energiequelle
German renewable project developer Energiequelle GmbH said it has unloaded a 14.1-MW wind farm in France to UK clean energy investment company Octopus Renewables.
Read more: https://renewablesnow.com/news/octopus-buys-141-mw-french-wind-farm-from-energiequelle-769592/
-- Standard Solar buys 2.9-MW community PV park in Maryland
Standard Solar Inc said it has acquired the 2.9-MW Klees Mill community solar project in Maryland from development partners Ogos Energy LLC and Earth and Air Technologies.
Read more: https://renewablesnow.com/news/standard-solar-buys-29-mw-community-pv-park-in-maryland-769711/
-- Schneider Electric bets on UK renewable energy platform Zeigo
French electrical equipment maker Schneider Electric SE (EPA:SU) has taken over UK-based renewable energy procurement start-up Zeigo, in a push to expand its own portfolio of digital energy and resource management capabilities.
Read more: https://renewablesnow.com/news/schneider-electric-bets-on-uk-renewable-energy-platform-zeigo-769747/
-- Fortum to move 1.3-GW Russian wind portfolio to JV with Bank GPB
Finnish utility Fortum Oyj (HEL:FORTUM) will exit an investment fund it co-owns with Russian nanotechnology company Rusnano and tie up with domestic lender Bank GPB to develop 1.3 GW of wind projects in Russia.
Read more: https://renewablesnow.com/news/fortum-to-move-13-gw-russian-wind-portfolio-to-jv-with-bank-gpb-769749/
-- ICG to buy majority stake in 200-MW Aussie solar bundle
Australian infrastructure investor Infrastructure Capital Group (ICG) will buy a majority stake in a roughly 200-MW portfolio of Aussie solar plants and projects from domestic developer Providence Asset Group (PAG).
Read more: https://renewablesnow.com/news/icg-to-buy-majority-stake-in-200-mw-aussie-solar-bundle-769759/
-- Hanwha Solutions wraps up acquisition of USD-160m stake in REC Silicon
Hanwha Solutions Corp (KRX:009830) has finalised its acquisition of a 16.67% stake in Norway-based polysilicon and silicon gas producer REC Silicon ASA for a total investment of NOK 1.4 billion.
Read more: https://renewablesnow.com/news/hanwha-solutions-wraps-up-acquisition-of-usd-160m-stake-in-rec-silicon-769834/
-- Spain's Holaluz buys three PV installers to beef up solar DG biz
Spanish renewable power retailer Holaluz Clidom SA (BME:HLZ) has acquired three domestic firms specialising in PV installations in an effort to strengthen its urban solar distributed generation (DG) business segment.
Read more: https://renewablesnow.com/news/spains-holaluz-buys-three-pv-installers-to-beef-up-solar-dg-biz-769835/
-- 8minute Solar Energy lands USD 400m in financing to pursue growth
Solar developer 8minute Solar Energy has closed USD 400 million in financing from institutional investor EIG in order to grow its portfolio and advance solar plant design, while building projects on its own balance sheet.
Read more: https://renewablesnow.com/news/8minute-solar-energy-lands-usd-400m-in-financing-to-pursue-growth-769849/
-- Fluence, ReNew Power team up in Indian battery storage JV
Indian renewable energy independent power producers (IPP) ReNew Power (NASDAQ:RNW) and battery storage specialist Fluence Energy Inc (NASDAQ:FLNC) will set up a joint venture (JV) to serve the energy storage market in India.
Read more: https://renewablesnow.com/news/fluence-renew-power-team-up-in-indian-battery-storage-jv-769902/
-- Shell snatches German solar developer Solar-Konzept's Italian arm
Royal Dutch Shell Plc (AMS:RDSA; LON:RDSA) has taken over Solar-Konzept Italia Srl, or SKI, from its German parent company Solar-Konzept International GmbH, in a deal which brings the buyer's solar development pipeline in Italy to around 2 GW.
Read more: https://renewablesnow.com/news/shell-snatches-german-solar-developer-solar-konzepts-italian-arm-769905/
-- Austria's Kelag buys solar developer PVI
Austrian energy company Kelag has acquired local solar developer PVI GmbH in a push to expand its photovoltaics capabilities and tap the huge solar power potential at home and in neighbouring countries.
Read more: https://renewablesnow.com/news/austrias-kelag-buys-solar-developer-pvi-769925/
-- Global solar corp funding hits USD 27.8bn record in 2021
Total solar power corporate funding around the world, including venture capital (VC) and private equity (PE), debt and public market financing, jumped by 91% year-on-year to USD 27.8 billion in 2021, shows a new report by Mercom Capital Group.
Read more: https://renewablesnow.com/news/global-solar-corp-funding-hits-usd-278bn-record-in-2021-769927/
-- SSE buys 30-MW inaugural UK solar project
UK energy group SSE Plc (LON:SSE) has made its first direct foray into solar power by acquiring a 30-MW domestic project under a recently-unveiled GBP-12.5-billion programme to accelerate the energy transition.
Read more: https://renewablesnow.com/news/sse-buys-30-mw-inaugural-uk-solar-project-769936/
-- Cordelio Power acquires 900-MW US solar pipeline from SunEast
Toronto-based renewable power producer Cordelio Power, fully-owned by Canada Pension Plan Investment Board, has bought a 900-MW solar project pipeline in the US from SunEast Renewables LLC.
Read more: https://renewablesnow.com/news/cordelio-power-acquires-900-mw-us-solar-pipeline-from-suneast-769945/
-- ContourGlobal unit inks USD-313m sale of Brazilian hydro ops
ContourGlobal Plc (LON:GLO), through its indirect majority-owned subsidiary Kani Lux Holdings Sarl, has struck a deal to offload its Brazilian hydropower business to asset manager Patria Investments for a total of BRL 1.73 billion.
Read more: https://renewablesnow.com/news/contourglobal-unit-inks-usd-313m-sale-of-brazilian-hydro-ops-769972/
-- OYA Solar secures USD 35m for US project development
Toronto-based solar project developer and power producer OYA Solar said it has raised additional capital and thus raised its total corporate investment to USD 35 million.
Read more: https://renewablesnow.com/news/oya-solar-secures-usd-35m-for-us-project-development-769985/
-- India's Apollo Tyres invests in solar firm to secure green power supply
Indian tyre manufacturer Apollo Tyres Ltd (BOM:500877) announced a INR-93-million (USD 1.2m/EUR 1.1m) investment in a subsidiary of Cleantech Solar to ensure green power supply for its largest production facility in Chennai.
Read more: https://renewablesnow.com/news/indias-apollo-tyres-invests-in-solar-firm-to-secure-green-power-supply-769989/
-- Good Energy offloads 47.5-MW generation portfolio to Bluefield Solar
UK renewable power company Good Energy Group Plc (LON:GOOD) has sold its entire 47.5-MW portfolio of renewable generation assets to Bluefield Solar Income Fund Ltd (LON:BSIF).
Read more: https://renewablesnow.com/news/good-energy-offloads-475-mw-generation-portfolio-to-bluefield-solar-770058/
-- European fund Marguerite takes control of French biogas group Keon
Pan-European infrastructure fund Marguerite II has taken over a majority stake in French industrial group Keon SA from a pool of funds managed by Generis Capital Partners, Citizen Capital, Supernova Invest and Sigma Gestion, so as to boost its development as a renewable gas producer in France and beyond.
Read more: https://renewablesnow.com/news/european-fund-marguerite-takes-control-of-french-biogas-group-keon-770189/
-- Tokyo Gas to buy into Danish wind co in pursuit of 1 GW Nordic target
Tokyo Gas Co Ltd (TYO:9531) plans to develop 1 GW of renewable energy projects in the Nordics by the end of the decade through a new joint venture in Denmark with regional multi-utility company EWII S/I.
Read more: https://renewablesnow.com/news/tokyo-gas-to-buy-into-danish-wind-co-in-pursuit-of-1-gw-nordic-target-770209/
-- Ineratec raises EUR 20m to scale up sustainable fuel production
Germany-based Ineratec GmbH has raised EUR 20 million in a Series A financing round to fund the scale-up of its production capacity for sustainable e-kerosene from carbon dioxide and green hydrogen and strengthen its position in the power-to-liquid sector.
Read more: https://renewablesnow.com/news/ineratec-raises-eur-20m-to-scale-up-sustainable-fuel-production-770220/
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