Weekly renewables M&A round-up (Jul 4-8)

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July 8 (Renewables Now) - Renewables Now covered M&A stories about Shell, Boralex, First Solar, KKR and others in the past week. Below is the full list:

-- Shell, Nickel Asia JV eyes up to 3 GW of renewables in the Philippines

British oil giant Shell Plc (LON:SHEL) and the green energy unit of nickel ore miner Nickel Asia Corp (NIKL:PHS) have formed a joint venture targeting to deploy up to 3 GW of renewable energy capacity in the Philippines.

Read more: https://renewablesnow.com/news/shell-nickel-asia-jv-eyes-up-to-3-gw-of-renewables-in-the-philippines-790414/

-- Boralex snaps up 338 MW of UK renewables under deal with Infinergy

Canadian renewables developer Boralex Inc (TSE:BLX) has acquired Infinergy’s 338-MW development portfolio of wind, solar and energy storage projects in the UK and taken full control of a joint venture with the British developer.

Read more: https://renewablesnow.com/news/boralex-snaps-up-338-mw-of-uk-renewables-under-deal-with-infinergy-790542/

-- Eolus lifts stake in 200-MW Swedish wind project

Swedish wind project developer Eolus Vind AB (STO:EOLU-B) has struck a deal to lift its participating interest in a roughly 200-MW wind project in Sweden, in which it is partnering with domestic developer DalaVind AB.

Read more: https://renewablesnow.com/news/eolus-lifts-stake-in-200-mw-swedish-wind-project-790549/

-- Brazil's Vibra Energia to take 50% stake in local biogas firm

Brazilian energy company Vibra Energia SA (BVMF:VBBr3) said it will acquire a 50% stake in local biogas producer and distributor ZEG Biogas e Energia SA.

Read more: https://renewablesnow.com/news/brazils-vibra-energia-to-take-50-stake-in-local-biogas-firm-790550/

-- Israel's Enlight to acquire, co-develop 525 MW of solar, wind projects in Croatia

Israeli company Enlight Renewable Energy said it has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia.

Read more: https://renewablesnow.com/news/israels-enlight-to-acquire-co-develop-525-mw-of-solar-wind-projects-in-croatia-790591/

-- First Solar unloads 293-MWp Japanese solar development platform to PAG

First Solar Inc (NASDAQ:FSLR) said it has finalised the divestment of its 293-MW direct current (DC) utility-scale solar project development platform in Japan to funds managed by Asia Pacific-focused private investment manager PAG Real Assets.

Read more: https://renewablesnow.com/news/first-solar-unloads-293-mwp-japanese-solar-development-platform-to-pag-790668/

-- Onward Energy to buy 1.2-GW solar bundle from KKR subsidiary

US independent power generator Onward Energy said it has agreed to acquire a 1,171-MW portfolio of operating solar projects in the US from life insurance and annuity Global Atlantic Financial Group, a majority-owned subsidiary of investment firm KKR.

Read more: https://renewablesnow.com/news/onward-energy-to-buy-12-gw-solar-bundle-from-kkr-subsidiary-790690/

-- Solar co R.Power seeks to raise funds from new minority investor

Polish solar project developer and power producer R.Power SA hopes to attract a new minority investor through the launch of a primary equity capital raise, it announced.

Read more: https://renewablesnow.com/news/solar-co-rpower-seeks-to-raise-funds-from-new-minority-investor-790699/

-- KKR secures EC clearance for tender offer targeting Albioma

US buyout firm KKR & Co Inc (NYSE:KKR) has recently obtained the needed authorisation from the European Commission for its tender offer targeting all shares and warrants of French independent renewable energy producer Albioma SA (EPA:ABIO).

Read more: https://renewablesnow.com/news/kkr-secures-ec-clearance-for-tender-offer-targeting-albioma-790714/

-- Nelnet buys US solar EPC firm GRNE

Nelnet (NYSE:NNI), a diversified financial services and technology company that has its own renewables-dedicated unit, has bought a controlling stake in GRNE Solar, a solar engineering, procurement and construction (EPC) services provider operating in the US Midwest.

Read more: https://renewablesnow.com/news/nelnet-buys-us-solar-epc-firm-grne-790723/

-- Romania's Electrica to buy local 12 MWp solar power project

Romanian power supplier and distributor Electrica (BSE:EL) said it has signed an agreement to acquire local solar energy project Vulturu for EUR 600,000.

Read more: https://renewablesnow.com/news/romanias-electrica-to-buy-local-12-mwp-solar-power-project-790756/

-- Scottish solar developer Renewco buys 1.5-GW US pipeline

Scottish renewables developer Renewco Power said it is expanding its platform to the US by acquiring a 1.5-GW pipeline of early-stage solar projects along with 500 MW of battery storage projects from Virginia-based Beaufort Rosemary.

Read more: https://renewablesnow.com/news/scottish-solar-developer-renewco-buys-15-gw-us-pipeline-790763/

-- KGAL, partners buy remaining 20% of 402-MW wind farm off Germany

Investment and asset manager KGAL GmbH & Co KG, Commerz Real AG and Ingka Group have acquired the remaining 20% of the 402-MW Veja Mate wind park in the North Sea off the German coast.

Read more: https://renewablesnow.com/news/kgal-partners-buy-remaining-20-of-402-mw-wind-farm-off-germany-790778/

-- RIC Energy sells 115-MWp solar project in Spain

Spanish solar PV developer RIC Energy has sold a 115-MWp solar project it has been developing in central Spain to investment manager Everwood Capital, it said.

Read more: https://renewablesnow.com/news/ric-energy-sells-115-mwp-solar-project-in-spain-790828/

-- Canadian Solar sells 345-MWp duo in NSW to CalEnergy

Canadian Solar Inc (NASDAQ:CSIQ) has concluded the sale of two solar farms in the Australian state of New South Wales with a combined capacity of 345 MWp to a subsidiary of Northern Powergrid Holdings Company.

Read more: https://renewablesnow.com/news/canadian-solar-sells-345-mwp-duo-in-nsw-to-calenergy-790897/

-- ERG closes acquisition of 34 MW of solar arrays in Italy

Italian energy company ERG SpA (BIT:ERG) announced it has finalised taking possession of 33.8 MW of solar arrays at home.

Read more: https://renewablesnow.com/news/erg-closes-acquisition-of-34-mw-of-solar-arrays-in-italy-790969/

-- Germany's Juwi, Windwaerts fuse to form new renewables entity

German renewables developer Juwi announced it has joined forces with Hanover-based peer Windwaerts Energie to create a company under one name and brand -- JUWI.

Read more: https://renewablesnow.com/news/germanys-juwi-windwaerts-fuse-to-form-new-renewables-entity-791030/

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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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