Weekly renewables M&A round-up (Jan 18-22)

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January 18 (Renewables Now) - Renewables Now covered M&A stories about France's Total, Mainstream Renewable Power, RWE, Blattner and others over the past week. Below is the full list:

-- Boralex becomes sole owner of 15-MW wind farm in British Columbia

Boralex Inc (TSE:BLX) has acquired all equity interests in the 15-MW Moose Lake wind farm in British Columbia, the Canadian renewables developer said.

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-- Brazil okays sale of Renova's 408-MW Alto Sertao Phase B to FIP PSS

Brazil's competition regulator CADE has approved the sale by Renova Energia SA (BVMF:RNEW11) of the 408-MW Phase B of its Alto Sertao III wind power complex.

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-- Total to buy 50% of Adani Green's 2.35-GW Indian solar portfolio

French energy major Total SE (EPA:FP) announced a deal to purchase a 20% stake in the green energy unit of India’s Adani Group and take 50% of its 2.35-GW portfolio of operating solar parks.

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-- Scatec granted approval to acquire Norfund's HPP business

Renewables developer Scatec ASA (OSL:SCATC) said that it has secured all regulatory and competition approval it needed to acquire fellow Norwegian hydropower business SN Power AS in a USD-1.166-billion deal that was announced last October.

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-- Edison to take full control of Italian wind co from F2i

Italian electric utility Edison SpA (BIT:EDNR) has agreed to take full control of wind farm operator E2i Energie Speciali by acquiring a 70% stake from F2i Fondi Italiani per le Infrastrutture.

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-- Solar platform Solstice secures USD 3.1m in funding

Solstice Power Technologies Inc, a software platform that connects power users with community solar projects, announced it has raised USD 3.1 million in a funding round.

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-- Masdar, Taaleri Energia fund buy 51.4 MW of Polish wind projects

The latest fund of Helsinki-based renewable energy developer Taaleri Energia Ltd and Abu Dhabi Future Energy Company PJSC, better known as Masdar, have acquired a 51.4-MW wind portfolio in Poland.

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-- EDPR to buy majority of US distributed solar platform C2 Omega

EDP Renewables North America LLC has signed a deal to acquire an 85% interest in solar distributed generation (DG) firm C2 Omega LLC.

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-- Aker buying 75% in Mainstream Renewable Power

Norwegian industrial investment company Aker ASA (FRA:FKM) will become the new majority owner of global wind and solar developer Mainstream Renewable Power in a deal involving a significant equity investment.

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-- Spain's Audax inks deals to control 69 MWp home-grown solar projects

Spanish renewables and gas company Audax Renovables SA (BME:ADX) has bought a solar portfolio worth 33 MWp at home and reached an agreement to take a majority stake in special purpose vehicles (SPVs) holding a further 36 MWp of projects.

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-- Macquarie’s GIG to invest in US storage developer esVolta

Green Investment Group (GIG), part of Australia’s Macquarie Group Ltd (ASX:MQG), will make an investment of an undisclosed size in US energy storage developer esVolta LP.

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-- NextEnergy Capital acquires 53.8 MW of solar in Portugal, Chile

NextEnergy Capital (NEC) announced two deals for the purchase of a total of 53.8 MWp of solar capacity in Portugal and Chile.

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-- Nuveen to take over renewable energy fund manager Glennmont

US investment manager Nuveen said it will acquire renewables-focused peer Glennmont Partners in a bid to meet rising demand for environmental, social and corporate Governance (ESG) products in financial markets.

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-- RWE to shed 24% of 861-MW Texas wind quartet to Greencoat

German energy major RWE AG (ETR:RWE) has agreed to offload a 24% interest in a 861-MW wind portfolio in Texas to UK renewables investment manager Greencoat.

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-- TD Greystone Infrastructure builds 87% stake in Swedish wind co Rabbalshede Kraft

The TD Greystone Infrastructure Fund, operated by Canadian investor TD Asset Management Inc, has become the controlling shareholder of Swedish wind power company Rabbalshede Kraft AB, with a stake of 87%.

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-- JP Morgan to help Blattner consider potential sale, other partnership

Blattner Company, parent of Blattner Energy and DH Blattner & Sons, has hired investment bank JPMorgan Chase & Co (NYSE:JPM) to assist the US renewables contractor in exploring its strategic alternatives.

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-- BayWa r.e. sells 44.2 MWp of solar farms in Malaysia

Germany’s BayWa r.e. renewable energy GmbH has finalised the sale of its first solar farms in Malaysia to Kuala Lumpur-based independent power producer (IPP) reNIKOLA Sdn Bhd.

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-- Dominion acquires 150-MW solar farm in Ohio to serve Facebook

A subsidiary of Dominion Energy (NYSE:D) has bought from Chicago-based project developer Invenergy a 150-MW solar power plant in Ohio that will sell its output to Facebook Inc (NASDAQ:FB).

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-- Isagen buys 52.4 MWp of solar projects from Trina Solar in Colombia

Colombian power company Isagen SA ESP said it has closed the acquisition of two solar projects with a combined capacity of 52.4 MWp from Chinese photovoltaics (PV) specialist Trina Solar Co Ltd (SHA:688599).

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-- Bruc Energy to acquire 2 GW of Spanish solar projects from Forestalia

Bruc Energy, a renewables-focused investment vehicle of Bruc Management, has signed a deal to acquire a 2,000-MW solar project portfolio in Spain from Forestalia.

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-- Greenbacker Capital invests in Clear Energy Hydro

Greenbacker Capital Management LLC has invested in Colorado-based hydropower producer Clear Energy Hydro, the US investment advisor said.

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-- Global spending on energy transition peaks at USD 501.3bn in 2020

Global energy transition investment in 2020 reached the record USD 501.3 billion as more nations and businesses are committing to net-zero and spending on renewable energy and electric vehicles (EVs) soars, BloombergNEF (BNEF) said.

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-- Total corp funding for battery storage soars 136% Y/Y in 2020

Battery storage companies across the world secured USD 6.6 billion in total corporate funding in 2020, including debt financing, registering a 136% year-on-year jump.

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-- Peck formalises rebranding ahead of iSun buy completion

US commercial solar contractor The Peck Company Holdings Inc (NASDAQ:PECK) has officially changed its name to iSun Inc and its common stock will trade under the new ticker symbol “ISUN” on Nasdaq as of January 21.

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-- Petersen-Dean to resume ops after deal with future owner SPI Energy

Petersen-Dean Inc has entered into a court-approved interim management agreement that allows the bankrupt US roofing and solar firm to resume installations before being acquired by a unit of SPI Energy Co Ltd (NASDAQ:SPI).

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-- Lightsource BP buys 1.06-GW solar portfolio in Spain

Lightsource BP said it has acquired a portfolio of 1.06 GW of solar projects in Spain from Madrid-based developer RIC Energy.

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-- EOS IM, Capital Dynamics acquire 87-MW solar bundle in Italy

An asset managing duo, namely EOS Investment Management (EOS IM) and Capital Dynamics, has acquired the rights to build three zero-subsidy solar power plants in central Italy with a combined capacity of 87 MW.

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-- India's V-Guard buys minority stake in battery start-up

Indian electrical appliances manufacturer V-Guard Industries Ltd (BOM:532953) said it will acquire an 18.77% stake in alternate battery technology start-up Gegadyne Energy Labs Private Limited (GEL) for INR 334 million.

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-- Brazil's Cade okays Petrobras' sale of 50% stake in biodiesel producer

Brazil's competition regulator CADE has approved the sale of a 50% stake in local biodiesel plants operator BSBios by state-controlled company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras.

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-- CIP sees Feb closing of equity sale in 588-MW Beatrice wind park

Copenhagen Infrastructure Partners (CIP) said it expects to close in February the earlier agreed sale of a 35% stake in the 588-MW Beatrice offshore wind farm in Scottish waters.

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-- Swiss-based MET Group wraps up acquisition of 42 MW wind park in Bulgaria

Switzerland-based energy company MET Group said that it has completed the acquisition of 100% of Enel Green Power Bulgaria, which owns a 42-megawatt wind park in northeastern Bulgaria, from Italy's Enel Green Power.

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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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