Renewables Now covered M&A stories related to Dominion Energy, Sunrun, Infigen, Ørsted and others over the past week. Below is the full list of deals:
-- Encavis buys rest of 75-MW French solar portfolio
German wind and solar park operator Encavis AG (ETR:CAP) has acquired the minority stakes it did not already have in the plants making up its 75-MW solar portfolio in France, the company announced.
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-- Dominion to sell gas assets in pursuit of sustainable utility profile
Dominion Energy Inc (NYSE:D) has agreed to sell substantially all assets in its Gas Transmission & Storage segment as it wants to establish itself as a "pure-play" state-regulated utility with a focus on sustainability.
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-- NLC, Coal India form 5-GW solar, thermal power JV
Indian coal mining groups NLC India Ltd (BOM:513683) and Coal India (BOM:533278) have set up a joint venture (JV) aiming to add 5 GW of solar and thermal power capacity.
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-- Gulf Energy Development to buy 100 MW of wind projects in Vietnam
A subsidiary of Gulf Energy Development PCL (BKK:GULF) has signed a deal to acquire the developer of two 50-MW onshore wind projects in Vietnam, the Thai energy company announced.
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-- First State formally buys 45.8% stake in MVV Energie
First State Investments has concluded its acquisition of a 45.8% stake in MVV Energie AG (ETR:MVV1), a Mannheim-based energy producer and trader focused on renewables, after receiving the needed approvals.
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-- NextEnergy fund buys 27.4-MWp Indian PV plant from IBC Solar
NextEnergy Capital Ltd (NEC) has acquired a 27.4-MWp solar project in India from Germany’s IBC Solar Energy GmbH, the UK investment and operating asset manager said.
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-- Toyota Tsusho invests in developer of next-gen Li-ion battery
Toyota Tsusho Corp (TYO:8015), the trading arm of Japan's Toyota Group, said it has bought shares in the developer of a next-generation lithium-ion (Li-ion) battery made almost entirely with polymer.
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-- Europe’s largest floating PV park gets local owners and starts work
The 27.4-MW Bomhofsplas photovoltaic (PV) park in the Netherlands, which is the largest floating solar farm in Europe, became operational and locally owned.
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-- BayWa re sells 27.4-MWp Dutch floating solar plant to locals
BayWa re renewable energy GmbH said it has offloaded the 27.4-MWp Bomhofsplas floating solar farm in the Netherlands to a tie-up of Dutch energy players.
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-- Petrobras begins non-binding stage for stake sales in 25.4 MW of small HPPs
Brazilian state-controlled oil and gas company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, said it has started the non-binding phase in the sale process for its stakes in two small hydropower plants (HPPs) totalling 25.4 MW.
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-- Atlas Renewable to double Brazilian capacity in 3 years - report
Atlas Renewable Energy has plans to double its Brazilian portfolio in the next three years, the company's general manager Luis Pina told Reuters.
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-- Sunrun to buy peer Vivint Solar for USD 3.2bn
US residential solar installer Sunrun Inc (NASDAQ:RUN) has agreed to buy rival Vivint Solar (NYSE:VSLR) in an all-stock deal with an enterprise value of USD 3.2 billion.
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-- KKR, Actis continue with talks over 435-MW solar buy from Azure - report
India’s Azure Power Global Ltd (NYSE:AZRE) could sell a 435-MW solar portfolio at a value ranging from USD 200 million to USD 250 million, according to a news report by Mint.
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-- Iberdrola gets FIRB clearance for takeover of Aussie Infigen
The Aussie unit of Iberdrola SA (BME:IBE) has secured approval from the Foreign Investment Review Board (FIRB) to proceed with its proposed acquisition of renewables company Infigen Energy (ASX:IFN) and its installed wind assets totalling 670 MW.
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-- Thai co Gulf Energy takes 50% stake in Borkum Riffgrund 2
Thai energy company Gulf Energy Development PCL (BKK:GULF) said it has agreed to buy a 50% stake in the 450-MW Borkum Riffgrund 2 offshore wind farm in the German North Sea.
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-- Enel raises stake in Chilean unit to 64.9%
Italian utility group Enel SpA (BIT:ENEL) has raised its stake in its Chilean subsidiary Enel Chile SA (NYSE:ENIC) to 64.9%, it said.
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-- United Green takes majority stake in 300-MW Aussie solar project
UK investment group United Green has agreed to acquire a majority interest in a 300-MW direct current (DC) solar project that Renew Estate is developing in Queensland.
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-- LT Renewables buys Italian Maccaferri's solar arm Enerray
Italian operation and maintenance (O&M) service provider LT Renewables has acquired domestic solar installer Enerray, a unit of industrial group Maccaferri.
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-- Spain's Audax to acquire E.ON's power retailer in Hungary
Spanish renewable energy and gas supplier Audax Renovables SA (BME:ADX) said it had signed an agreement to fully acquire Hungarian power retailer E.ON Energiakereskedelmi Kft.
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-- Canada's Cordelio Power buys 350 MW of wind projects in Illinois
Canadian renewable power producer Cordelio Power said it has purchased two wind projects with a total capacity of over 350 MW in Illinois from US developer Swift Current Energy.
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-- Greencoat takes 50% stake in 20.5-MW Irish wind park
Irish renewable infrastructure company Greencoat Renewables Plc (LON:GRP) announced the purchase of a 50% stake in the 20.5-MW Carrickallen Wind Farm in Ireland from local developer Galetech Group.
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-- Nautilus Solar buys 15.1 MW of community solar in Maryland
Nautilus Solar Energy LLC has purchased a portfolio of community solar projects with a combined capacity of 15.1 MW in Maryland, the company said.
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-- Thailand's BGC books to buy 50-100 MW of solar in Vietnam - report
Thai glass packaging maker BG Container Glass PCL (BKK:BGC-F) is in talks to acquire between 50 MW and 100 MW of solar capacity in Vietnam, Bangkok Post reported.
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-- Ørsted buys 227-MW solar project in Alabama
Ørsted A/S (CPH:ORSTED) said it has acquired a 227-MW solar project under construction in Alabama, for which Wells Fargo will be the sole tax equity investor.
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-- Meyer Burger bets on former Sovello, SolarWorld sites in Germany
German solar company Meyer Burger Technology AG (SWX:MBTN) has selected buildings in Bitterfeld-Wolfen and Freiberg previously used by Sovello and the SolarWorld Group for its own photovoltaic (PV) cell and module plants.
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-- Pandemic drags down H1 corp solar funding to USD 4.5bn
Global corporate solar funding in the first half of 2020 contracted by 25% year-on-year to USD 4.5 billion, mainly due to the turmoil caused by the COVID-19 pandemic, Mercom Capital Group says in a new report.
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-- Eolus buys 450 MW of Swedish wind projects early development
Swedish wind project developer Eolus Vind AB (STO:EOLU-B) said it has agreed to buy early-stage wind projects with a combined capacity of 450 MW in southern Sweden from Vindkraft Vaermland.
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-- Foresight to lift AUM to GBP 6.5bn with PiP acquisition
UK investment manager Foresight Group LLP has agreed to acquire Pensions Infrastructure Platform Ltd (PiP), whose portfolio includes waste-to-energy, renewable energy, transport and social assets.
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