- Press Releases
July 16 (Renewables Now) - Renewables Now covered M&A stories about SPACs, Enel Green Power, Covanta, BlackRock and others over the past week. Below is the full list:
-- Innergex wraps up acquisition of Chile's Energia Llaima
Canadian renewable power producer Innergex Renewable Energy Inc (TSE:INE) announced that it has finalised the acquisition of the 50% it did not already own in Chilean peer Energia Llaima SpA.
-- Sunlight Financial to start trading on NYSE as SPAC merger closes
US residential solar financing platform Sunlight Financial LLC has finalised its previously-announced merger with a listed special purpose acquisition company (SPAC) and is about to start trading on the New York Stock Exchange (NYSE).
-- Good Energy says no to takeover offer by Ecotricity
UK green energy supplier Ecotricity recently made a non-binding indicative offer to acquire all of Good Energy Group PLC (LON:GOOD), in which it already owns about 25.1%, but the target’s board has rejected it unanimously.
-- Coro Energy to take 85% in C&I solar portfolio in Vietnam
Southeast Asia-focused company Coro Energy Plc announced plans to acquire 85% in a portfolio of commercial and industrial (C&I) rooftop solar projects in Vietnam with a combined capacity of 150 MW.
-- UKA sells 7 MW of German wind to EBL
The UKA Group announced the sale of 6.75 MW of wind capacity in Germany to Swiss firm EBL Wind Invest AG (EWI).
-- Iberdrola, Mapfre enrich JV portfolio with 95 MW of wind farms
Spanish insurer Mapfre SA (BME:MAP) and utility group Iberdrola SA (BME:IBE) have added 95 MW of wind farms operating in Spain’s Andalusia region to the portfolio of their renewable energy joint venture (JV).
-- Altus Power to list on NYSE in USD-1.58bn merger deal
Altus Power Inc is the latest clean energy company to secure a listing on the New York Stock Exchange (NYSE) by agreeing to merge with a special purpose acquisition company (SPAC).
-- Enel Green Power buys 3.2 GW of solar projects in US
Enel Green Power North America has expanded its medium-term development pipeline by acquiring solar and solar-plus-storage projects in the Mid-Atlantic, Midwest and Western US with a combined direct current (DC) capacity of 3.2 GW.
-- NextEnergy Capital's solar fund buys 45.3 MWp of PMGD in Chile
London-based NextEnergy Capital Group said it has bought 45.3 MWp of solar generation capacity in Chile through its NextPower III ESG (NPIII) solar fund.
-- Global solar corp funding almost triples in H1 2021
Total solar power corporate funding around the world, including venture capital (VC), public market and debt financing deals, surged by 193% year-on-year to USD 13.5 billion in the first half of 2021, reports Mercom Capital Group.
-- Thailand’s PTT spends USD 454m on minority stake in India's Avaada
Global Power Synergy PCL (BKK:GPSC), the power business of Thai state-run PTT Group, has finalised the purchase of a 41.6% stake in Indian solar project developer Avaada Energy Pvt Ltd.
-- EQT seals USD-5.3bn deal to buy waste-to-energy provider Covanta
EQT Infrastructure, a fund managed by Swedish investment firm EQT AB (STO:EQT), has struck a deal valued at USD 5.3 billion to take over US waste-to-energy company Covanta Holding Corp (NYSE:CVA).
-- Germany's PNE sells three wind farm projects in Romania
German developer of wind farms PNE said it has sold the rights to three wind farm projects in Romania to an unnamed global renewable energy company for an undisclosed price.
-- BlackRock Real Assets buys Korean offshore wind developer
BlackRock Real Assets has officially made its maiden investment in the South Korean offshore wind sector by taking over Korea Renewable Energy Development & Operation Holdings Co Ltd (KREDO Holdings), previously known as IGIS Private Equity.
-- CIP offloads 25% in 595-MW Taiwanese offshore wind project
Copenhagen Infrastructure Partners (CIP) said it has agreed to sell a 25% interest in a 595-MW offshore wind project in Taiwan to a unit of Thai energy major PTT PCL.
-- AES Andes sells 49% stake in 734-MW renewables portfolio to GIP
Latin American power company AES Andes SA said it has sold a 49% stake in its renewable energy affiliate in Chile to fund manager Global Infrastructure Partners (GIP) for USD 441 million.
-- Renewables-aiming blank check co Enphys files for USD-250m IPO
A new blank check company, or special purpose acquisition company (SPAC), that will be looking for a merger in the renewable energy industry, intends to raise some USD 250 million in an initial public offering (IPO) in New York.
-- Ormat wraps up geothermal buy in Nevada, adding 67.5 MW to portfolio
Ormat Technologies Inc (NYSE:ORA) has completed the acquisition of 67.5 MW of geothermal capacity, a greenfield development asset and an underutilised transmission line in Nevada, the US company said.
-- Fontavis, GR Value to co-develop over 330 MW of wind, solar in Italy
Swiss asset manager Fontavis has joined forces with GR Value SpA to co-develop more than 330 MW of mature wind and solar photovoltaic (PV) projects in Italy.