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Weekly renewables M&A round-up (July 2-8)

Mark Rubens/Shutterstock.com

July 9 (Renewables Now) - Renewables Now covered M&A stories related to EDPR, Canada’s Innergex, German PV maker Calyxo, Indonesian geothermal company Star Energy and Norway’s Equinor over the past seven days. Below is the full list of deals:

-- Philippines' Ayala signs MoU for large wind farm in Vietnam

Philippine group Ayala Corp (PSE:AC) confirmed media reports that it plans to invest in a 352-MW wind farm in Vietnam, but added that the project is in pre-development stages and its sizing is still subject to further review.

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-- EDF Renewables selling UK wind portfolio stake for GBP 701m

The UK renewables joint venture of EDF Energy and EDF Energies Nouvelles has sold a 49% stake in a portfolio of wind farms totalling 550 MW for cash proceeds of GBP 701 million.

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-- Greenbacker buys 4.55-MW solar portfolio in the US

New York-based Greenbacker Renewable Energy Company LLC announced that it has bought 4.55-MW of photovoltaic (PV) plants in five US states.

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-- SolarEdge closes Gamatronic acquisition

Photovoltaic (PV) inverters supplier SolarEdge Technologies Inc (NASDAQ:SEDG) has finalised the acquisition of Israeli UPS electrical devices maker Gamatronic Electronic Industries Ltd (TLV:GAMT).

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-- Juwi eyes Aussie solar expansion with RfP launch

The Aussie unit of German renewables developer Juwi Group unveiled a request for proposals (RfP), looking to buy large-scale utility solar projects in the states of New South Wales and Victoria.

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-- Innergex acquires 250-MW shovel-ready solar project in Texas

Innergex Renewable Energy Inc (TSE:INE) has purchased a 250-MW ready-to-be-built solar project in Texas, which it says is its largest photovoltaic (PV) project to date.

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-- Innogy buys EV charging expert BTCPower in the US

The US e-mobility arm of German energy company Innogy SE (ETR:IGY) has acquired Broadband TelCom Power Inc, better known as BTCPower, to grow in the electric vehicle (EV) charging market.

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-- SJI to sell solar portfolio to Goldman Sachs unit for USD 350m

New Jersey-based energy services holding company SJI (NYSE:SJI) has inked a USD-350-million deal to sell its solar power portfolio to an entity managed by Goldman Sachs Asset Management (GSAM).

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-- EDPR investor asks for clarification on CTG bid

One of EDP Renovaveis SA's (ELI:EDPR) minority shareholders is pushing the board of directors to consider clarifying whether interested parties can make competing takeover bids for the company before China Three Gorges Corp (CTG) registers its own offer.

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-- Xcel eyes commissioning of 478-MW Texas wind project by June 2019

Xcel Energy (NYSE:XEL) will start building its 478-MW Hale Wind Project in Texas in the next few weeks, targeting completion in June 2019, the US utility said.

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-- Japan's SD Green Energy acquires British small wind turbines business

The renewable energy arm of Japan's SD Group announced it has acquired the small-scale wind turbines manufacturing business of UK-based Kingspan Environmental.

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-- Scatec Solar to build 47 MW of PV parks in Ukraine

Norway’s Scatec Solar ASA (OSL:SSO) has partnered with fellow solar developer Rengy Development to realise three photovoltaic (PV) projects in Ukraine with a combined capacity of 47 MW, taking a 51% stake in the assets.

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-- Foresight Solar Fund gets GBP 48.1m from oversubscribed placing

Foresight Solar Fund Ltd (LON:FSFL) said it has raised GBP 48.1 million gross from a recent share placement aimed at funding the acquisition of a 134.2-MW solar portfolio.

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-- German PV maker Calyxo to emerge from bankruptcy with new owner

Calyxo GmbH, the German thin-film solar module maker that filed for bankruptcy a few months back, has been sold to mechanical and plant engineering company TS Group with all jobs retained.

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-- Barito Pacific takes control of Star Energy in USD-755m deal

Indonesia-based diversified group PT Barito Pacific Tbk has finalised its acquisition of a majority stake in local geothermal power producer Star Energy Group Holdings Pte Ltd.

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-- CEO buys more REC Silicon shares

The president and CEO of REC Silicon ASA (OSE:REC), Tore Torvund, has spent some NOK 210,450 on more shares in the polysilicon and silicon gas supplier.

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-- Wind, solar deals in June reach 4.8 GW

Green Dealflow’s monthly overview of wind and solar deals shows 4.8 GW of gross capacity transacted, equally split between the two renewable energy sources.

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-- Innergex concludes JV deal for 50% in Chile's Energia Llaima

Canadian renewable power producer Innergex Renewable Energy Inc (TSE:INE) said it has finalised a joint venture partnership through which it is acquiring a 50% stake in Chilean sector player Energia Llaima.

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-- Saudi fund buys direct minority stake in ACWA Power

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has built a 24.98% direct and indirect equity interest in power and water infrastructure company ACWA Power, which has a significant role in the renewable energy sector.

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-- Trianel unit expands wind, solar portfolio to 170 MW

A subsidiary of German municipal utilities group Trianel is expanding its renewables portfolio with the acquisition of a 5.56-MW wind park in Rhineland-Palatinate state, western Germany.

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-- Engie Brasil to buy out solar DG yieldco

Engie Brasil Energia SA (BVMF:EGIE3) announced it has signed a binding agreement to acquire all the shares it did not yet held in a distributed generation (DG) solar business.

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-- Equinor makes EUR-400m Danish purchase as part of transformation

Norwegian oil and gas group Equinor ASA (NYSE:EQNR), formerly Statoil, has struck a EUR-400-million deal to take over Danish energy trader Danske Commodities (DC).

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-- Enel seeks buyers for 540 MW of renewables in Brazil - report

Italian energy group Enel SpA (BIT:ENEL) is looking to sell Brazilian renewable energy assets with a combined capacity of 540 MW, according to sources cited by local newspaper Valor Economico.

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-- Geothermal giant Star Energy eyes wider renewable opportunities

Freshly acquired geothermal company Star Energy Group Holdings Pte Ltd intends to mix its planned expansion of existing assets with the purchase of renewables both at home in Indonesia and abroad, a company official told Renewables Now.

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-- Raizen reportedly in talks to purchase sugarcane crushing mill

Brazilian sugar and ethanol producer Raizen Energia SA is in discussions to acquire a new sugarcane crushing plant in the state of Sao Paulo, Valor Economico reports.

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-- Total completes 73% stake purchase in French alternative energy co

French oil major Total SA (EPA:FP) said it has completed the acquisition of a 73.04% stake in Direct Energie SA (EPA:DIREN), an electricity and gas supplier with substantial renewable assets, for about EUR 1.4 billion.

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