Weekly renewables M&A round-up (Jan 27-31)

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February 3 (Renewables Now) - Renewables Now covered M&A stories related to WEC Energy, Brookfield, Petrobras and others over the past two weeks. Below is the full list of deals:

-- Bluefield Solar buys 13.5-MWp portfolio of UK solar parks

Bluefield Solar Income Fund Ltd (LON:BSIF) has finalised the acquisition of 13.5-MWp of operational solar parks in England and Scotland in its first deal for 2020.

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-- WEC Energy to buy majority in 250-MW wind project in Illinois

WEC Energy Group (NYSE:WEC) has entered into an agreement to buy an 80% stake in the 250-MW Blooming Grove wind farm in the US state of Illinois.

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-- Caisse des Depots arm to buy into 143-MW Total renewables bundle

Banque des Territoires, part of France's Groupe Caisse des Depots, has agreed to acquire a 50% stake in Total Quadran’s 143-MW portfolio of solar and wind energy assets in France.

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-- Warburg Pincus invests USD 300m in microgrids builder SMS

New York-based private equity firm Warburg Pincus LLC has made an equity commitment of up to USD 300 million to distributed clean energy company Scale Microgrid Solutions (SMS).

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-- Innogy sells German biomass CHP plant to Austria's Cycleenergy

Germany’s Innogy SE (ETR:IGY) has sold a biomass combined heat and power (CHP) plant in western Germany to Austria-based Cycleenergy Holding GmbH for an undisclosed sum.

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-- Brazil approves Brookfield's acquisition of 278 MW of solar plants

Brazil's Administrative Council for Economic Defense (CADE) has approved the acquisition of roughly 278 MW of pre-operational solar parks by a unit of Canada's Brookfield Asset Management Inc (TSE:BAM.A).

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-- Temasek, ABC World Asia to help grow Sunseap's solar business

Sunseap Group Pte Ltd has received a SGD-50-million cash infusion to further expand its portfolio of solar projects in Singapore and other parts of Asia.

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-- Amtech exits solar, names new CEO

Amtech Systems Inc (NASDAQ:ASYS) has completed the sale of its Tempress solar business, thus exiting the photovoltaic (PV) segment and putting a clear focus on the semiconductor and silicon carbide businesses.

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-- Battery start-up Advano closes USD-18.5m funding round

Advano, a US developer of a scalable silicon solution for lithium-ion (li-ion) batteries, has closed a USD-18.5-million Series A funding round.

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-- Enlight to buy rights to 100-MW wind project in Georgia

Israel’s Enlight Renewable Energy Ltd (TLV:ENLT) has agreed to acquire the rights to a 100-MW wind power project that is under development in Georgia.

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-- US Solar Fund buying 177-MW multi-state solar portfolio, mulls capital raising

US Solar Fund Plc (LON:USF) said it is buying a 177-MW portfolio of US solar parks and unveiled plans for an equity raising to partly back the acquisition of new projects.

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-- Brookfield, Actis eager to buy assets of India's Acme Solar - report

Canada's Brookfield Asset Management Inc (TSE:BAM.A) and UK growth markets investor Actis are in talks to buy a part of Acme Solar Holdings Pvt Ltd’s portfolio, the Economic Times reports.

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-- Spanish holding Acek plots sale of wind power unit - report

Spanish industrial holding company Acek Desarollo y Gestion Industrial SL is looking to sell its wind power unit Elawan Energy SL for a potential USD 2 billion, Reuters reported, citing sources familiar with the matter.

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-- CEE Group becomes owner of 53-MW Swedish wind park

Hamburg-based asset manager CEE said it has closed the acquisition of a 53.2-MW wind farm in Sweden from Danish renewables developer European Energy A/S.

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-- Capstone buys majority stake in 132-MW solar project in Alberta

Canadian clean energy investor Capstone Infrastructure Corporation (TSE:CSE-A) said it has bought a 51% stake in the 132-MW Claresholm solar project in Alberta.

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-- Brazil's Petrobras starts sale of 52 MW of wind parks

Brazilian state-run oil and gas giant Petrobras (BVMF:PETR4) said it is initiating the process of divesting its stakes in the holding companies for two wind farms totalling 52 MW.

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-- Total, Opel join forces to launch large-scale EV battery production

French oil-and-gas major Total SA (EPA:FP), through its battery manufacturer Saft, has partnered with car maker Group PSA (EPA:UG) and its German unit Opel Automobile GmbH to set up a joint venture (JV) that will develop and produce batteries for electric vehicles (EVs).

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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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