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Weekly renewables M&A round-up (July 29-Aug 6)

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August 7 (Renewables Now) - Renewables Now covered M&A stories related to EDP, Meyer Burger, ABO Wind and others over the past 10 days. Below is the full list of deals:

-- EDP to sell 137-MW Brazilian wind farm to Actis

Portuguese utility Energias de Portugal SA (ELI:EDP) announced it has agreed to sell the 137-MW Babilonia onshore wind farm in the Brazilian state of Bahia to an affiliate of private equity investor Actis.

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-- BayWa acquires Canadian solar equipment distributor

BayWa re renewable energy GmbH announced it is taking over Canadian solar distributor and service provider National Solar Distributors Inc as part of its ongoing expansion in North America.

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-- Sentis, other shareholders want greater say in Meyer Burger's plans

Meyer Burger Technology AG (SWX:MBTN) has been notified that its largest shareholder, Sentis Capital PCC, is now part of a group with a combined shareholding of over 10% which seeks greater involvement in strategic decisions.

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-- Centrica takes steps towards lower carbon future, CEO to leave

UK energy services company Centrica plc (LON:CNA) is heading towards a lower carbon future with the announcement that it intends to exit oil and gas production by end-2020.

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-- EDP completes divestment of 997-MW European wind portfolio

EDP Renovaveis SA (ELI:EDPR), part of EDP - Energias de Portugal SA (ELI:EDP), has concluded the sale of its interest in a 997-MW European wind portfolio to institutional investors advised by JP Morgan Asset Management.

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-- Italy's ACEA buys 25 MWp of solar capacity

Italian multi-utility company ACEA SpA (BIT:ACE) said it has acquired 25 MWp of solar power capacity in Italy with contracts secured under the Conto Energia incentive scheme.

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-- Soltage purchases 14-MW portfolio of contracted solar assets

New Jersey-based renewables developer Soltage LLC said it has completed the acquisition of a 14-MW solar portfolio that will generate power for North Carolina utilities.

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-- Power Energy Corp buys solar developer Nautilus

A subsidiary of diversified management and holding company Power Corporation of Canada (TSE:POW) has taken over US solar developer and asset manager Nautilus Solar Energy LLC, it was announced.

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-- Alternus Energy plans buying 11.8-MW Dutch solar park from Unisun

Renewable energy firm Alternus Energy Inc (OTCMKTS:ALTN) intends to buy the owner of an 11.75-MW solar park in the Netherlands for USD 11.76 million.

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-- Audax sheds stake in 58.6 MW of Spanish wind, solar to trim debt

Spanish renewable energy company Audax Renovables SA (BME:ADX) has formalised the sale of its stake in two companies that together hold 58.6 MW of wind and solar photovoltaic (PV) capacity in eastern Spain.

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-- Denham Capital sells renewables IPP BioTherm Energy

Private equity firm Denham Capital said it has sold African independent renewable power company BioTherm Energy to emerging market investor Actis Capital for an undisclosed amount.

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-- Capital Dynamics buys 180-MW solar project in Nevada

Swiss private asset manager Capital Dynamics said that its Clean Energy Infrastructure (CEI) business has bought the 180-MW/231-MW DC Townsite solar project in Boulder City, Nevada.

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-- ABO Wind sells 450-MW wind, solar project portfolio in Spain

German renewables developer ABO Wind AG has sold certain wind and solar projects in Spain with a combined capacity of 450 MW to a couple of unnamed local investors.

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-- Neoen buys 53.4 MW of Irish wind farms

French renewable energy firm Neoen said it has bought 53.4 MW of wind farms in Ireland for an enterprise value of around EUR 46 million.

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-- MGE, WEC seeking nod to buy rest of 300-MW PV project in Wisconsin

Subsidiaries of MGE Energy Inc (NASDAQ:MGEE) and WEC Energy Group Inc (NYSE:WEC) are seeking approval to buy together the second 150-MW phase of a 300-MW solar project being developed by Invenergy LLC in Wisconsin.

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-- RATCH buys 70% of Alinta's 214-MW wind project in Western Australia

The 214.2-MW Yandin wind project in Western Australia, touted as the largest in the state, has attracted a new shareholder and is already under construction.

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-- Malaysia's Trive kills solar JV over US tariffs

Malaysian battery and energy storage company Trive Property Group Bhd (KLSE:TRIVE) has terminated its joint-venture (JV) agreement with China-based Jiangxi Fujing New Energy Technology Co Ltd (JFNET) due to the impact of the US safeguard tariffs on solar cell and module imports from Malaysia.

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-- Singapore's FinTeix to push solar cogeneration in Brazil

Singapore-based blockchain company FinTeix Pte Ltd has signed a memorandum of understanding (MoU) and formed a joint venture (JV) with Brazil’s ENIND Energia Ltd intending to bring new solar technology to the Brazilian market.

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-- UK's Quercus to shed 320 MW-portfolio of wind, solar - report

UK-based renewables investor Quercus Investment Partners Ltd is looking to sell its European portfolio consisting of 320 MW of wind and solar power assets, Reuters reported citing a knowledgeable source.

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-- KGAL dumps 41 MW of Spanish solar farms

Germany’s KGAL Investment Management GmbH & Co KG has sold five solar photovoltaic (PV) farms in Spain with a combined capacity of 41 MW, taking advantage of the current investor demand.

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-- Aquila European Renewables to buy 34.5-MW wind farm in Finland

Aquila European Renewables Income Fund plc (LON:AERS) unveiled on plans to acquire the owner of Finland's li Olhava onshore wind farm and its extension totalling 34.55 MW of installed capacity.

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-- Equinor to co-invest in 120-MW wind project in Argentina

Norwegian multinational Equinor ASA (NYSE:ENQNR) will subscribe to shares in the firm behind a 120-MW wind farm being constructed in Argentina, it announced on Tuesday.

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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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