-- Ørsted adding 1.7 GW to onshore platform via Ostwind acquisition
Danish offshore wind developer Ørsted (CPH:ORSTED) has clinched a deal to acquire Ostwind AG, which develops and builds onshore wind and solar farms in Germany and France and owns roughly 1.7 GW of assets.
-- Genex Power gets non-binding takeover offer from Skip, Stonepeak
Australia’s Genex Power Ltd (ASX:GNX) has received a conditional and non-binding acquisition offer from a fund owned by existing shareholder Skip Capital and alternative investor Stonepeak Partners LLC.
-- Reservoir Link, EDPR Sunseap to develop solar projects with PPAs in Malaysia
A unit of energy-related services provider Reservoir Link Energy Bhd (KLSE:RL) has agreed to collaborate with Sunseap Energy (Malaysia) Sdn Bhd, also known as EDPR Sunseap, on the development of PPA-backed solar projects in Malaysia.
-- MasTec to buy renewables builder IEA in USD-1.1bn deal
US infrastructure builder MasTec (NYSE:MTZ) has agreed to take over renewables-specialising sector player Infrastructure and Energy Alternatives Inc (NASDAQ:IEA) in a cash-and-stock deal worth USD 1.1 billion (EUR 1.08bn), including net debt.
-- Cypress Creek buys 400 MW of battery projects in Texas
US renewable energy plants developer and operator Cypress Creek Renewables has acquired four standalone energy storage projects in Texas with a combined capacity of 400 MW/600 MWh from Black Mountain Energy Storage (BMES).
Clean energy investment platform CleanCapital has acquired a 36.6-MW direct current (DC) solar power plant in Guam from GlidePath Power Solutions LLC along with rights to the seller’s solar development pipeline on the island.
-- Octopus Energy pockets USD 550m to spur renewables
British solar and wind energy investor Octopus Energy Group has secured USD 550 million in fresh funds to improve its energy technology platform and further expand on the renewables market, it said on Tuesday.
-- PNE enters Spain with majority investment in solar developer Kolya
German wind power-focused renewables company PNE AG (ETR:PNE3) has taken control of Spanish solar developer Coliaenergia Espana SL, or Kolya, thus increasing its own photovoltaic (PV) project pipeline by 40%.
-- Spruce Power buys 16.5-MW rooftop solar portfolio in Northeastern US
US distributed generation (DG) solar systems owner and operator Spruce Power has recently acquired Level Solar’s entire portfolio of residential solar assets totalling 16.5 MW in direct current (DC), thus increasing its own portfolio by almost 5%.
German energy storage specialist VoltStorage GmbH has raised EUR 24 million in Series C financing from US company Cummins Inc (NYSE:CMI) to fund the development of new redox flow battery storage systems and the company's growth.
Axpo Holding AG announced on Thursday it has agreed to sell a 66-MW wind farm in Italy to local energy supplier Edison SpA (BIT:EDNR) as the Swiss renewable power producer and energy trader seeks to focus on new growth initiatives.
-- Spearmint Energy snaps up 150-MW battery project from Con Edison
US solar and energy storage project developer Spearmint Energy on Thursday announced the acquisition of a 150-MW battery storage scheme in Texas from a unit of New York-based renewable energy group Con Edison Clean Energy Businesses.
-- UBS snaps up 700 MW of US energy storage projects
The asset management arm of Swiss bank UBS Group AG (SWX:UBSG) has acquired a 700-MW portfolio of energy storage projects in Texas from Black Mountain Energy Storage as part of the strategic expansion of the lender’s infrastructure business.
-- EDPR inks EUR 250m acquisition to enter German, Dutch solar markets
EDP Renovaveis SA (ELI:EDPR) has clinched a deal to buy a 70% interest in German developer Kronos Solar Projects GmbH which has a portfolio of 9.4 GW of solar projects under development with its home market accounting for nearly half of it.
-- ICG Infra buys majority of UK solar developer transitioning into IPP
The debut infrastructure fund of global alternative asset manager ICG has taken control of British Solar Renewables (BSR), which is one of the first solar project developers in the UK and will now seek to establish itself as an independent power producer (IPP).
-- Iberdrola, BP to set up JVs for green H2, electric mobility
Spanish utility Iberdrola SA (BME:IBE) and oil-and-gas major BP Plc (LON:BP) on Thursday announced that they will form two joint ventures (JVs) to promote green hydrogen production and the development of public charging stations for electric vehicles (EVs) in the Iberian Peninsula and the UK.
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.