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Weekly renewables M&A round-up (July 30-August 5)

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August 6 (Renewables Now) - Renewables Now covered M&A stories related to EDF, Enbridge, Innergex, Hanwha Q Cells and ERG over the past seven days. Below is the full list of deals:

-- Brookfield eyes ReneSola's 207-MW DG portfolio in China

Brookfield Asset Management Inc (TSE:BAM.A) is exclusively negotiating the potential acquisition of ReneSola’s (NYSE:SOL) 206.8-MW distributed generation (DG) operating assets in China.

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-- Engie discusses Indian solar business with Edelweiss fund - report

French utility Engie SA (EPA:ENGI) is holding talks to possibly sell a stake in its Indian solar business to an alternative investment fund managed by Edelweiss Alternative Asset Advisors Ltd, Mint reports, quoting two sources.

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-- Quantum Energy Partners targeting renewables through new business

US private equity firm Quantum Energy Partners has set up a renewable energy business and through it has bought stakes in several utility-scale wind and battery storage projects.

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-- Glennmont gets indicative bids for 85-MW Italian solar portfolio - report

London-based renewable energy fund manager Glennmont Partners has received indicative offers from over 10 bidders for three Italian solar power plants totalling 85 MW, Reuters said.

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-- Altri to take full control of EDP Bioelectrica in EUR-55m deal

Portuguese eucalyptus pulp producer Altri has reached an agreement with Energias de Portugal SA (ELI:EDP) to buy all the shares the latter holds in biomass company EDP Producao Bioelectrica SA.

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-- Accenture to help Japanese utility go more digital

Digital technology company Accenture (NYSE:ACN) announced a joint venture with Kansai Electric Power (TYO:9503), or KEPCO, designed to beef up the Japanese utility's use of digital technologies.

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-- EDFR to shed 50% stake in 332-MW wind & solar portfolio in US

EDF Renewables North America said it has struck two deals to sell a 50% interest in a 332-MW wind and solar project portfolio to PGGM Infrastructure Fund.

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-- Saudi group buys 50% stake in German solar firm Greencells

OMAS, a wholly-owned subsidiary of Saudi conglomerate The Zahid Group, has bought a 50% stake in German solar plants developer and operator Greencells GmbH.

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-- Enbridge closes USD-1.3bn renewables sale

Enbridge Inc (TSE:ENB) has closed several transactions that allowed it to monetise CAD 1.75 billion worth of renewable energy assets.

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-- Innergex to buy TransCanada's interest in 590-MW Quebec wind portfolio

Natural gas transmission networks operator TransCanada Corp (TSE:TRP) said it will sell its 62% stakes in the five Cartier wind farms in Quebec, totalling 590 MW, for about CAD 630 million.

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-- DIF offloads 10 MW of UK solar parks to Greencoat Capital

The Dutch Infrastructure Fund (DIF) announced it has completed the sale of two solar parks in the UK, totalling 10 MW, to an investment vehicle owned by renewable energy investor Greencoat Capital LLP.

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-- Hanwha Q Cells gets going-private proposal

Hanwha Solar Holdings Co Ltd, a unit of Hanwha Chemical Corp (KRX:009830) has launched a non-binding offer to buy out solar cell and module maker Hanwha Q Cells Co Ltd (NASDAQ:HQCL) in a going-private transaction.

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-- TRIG in talks to buy stake in 229.1-MW Swedish wind farm

The Renewables Infrastructure Group Ltd (LON:TRIG) confirms that it is in advanced discussions regarding the acquisition of a stake in the 229.1-MW Erstrask wind farm in Sweden.

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-- China's Envision to buy controlling stake in Nissan battery unit

Envision Energy will acquire from Nissan Motor Co Ltd (TYO:7201) a controlling stake in Automotive Energy Supply Corp (AESC), a developer and producer of batteries for automotive applications.

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-- ERG, Quercus form Italian PV-focused JV

ERG SpA (BIT:ERG) and Quercus Assets Selection Sarl said they will form a 60/40 joint venture to acquire solar systems smaller than 1 MW in Italy.

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-- ERG expands wind portfolio with acquisitions in Scotland, France

ERG SpA (BIT:ERG) has acquired a 79.2-MW wind project in Scotland and stakes in the owners of 16.25 MW of operational wind parks in France, the Italian energy company said.

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-- Shanghai Electric, GCL-Poly cancel polysilicon deal

GCL-Poly Energy Holdings Ltd (HKG:3800) and Shanghai Electric Group Co Ltd (SHA:601727) have terminated an agreement under which the latter was to buy a 51% stake in a polysilicon subsidiary of GCL-Poly.

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-- Merger of Taiwanese solar trio to close on Oct 1

The planned merger between loss-making Taiwanese solar product makers Neo Solar Power (TPE:3576), Gintech Energy (TPE:3514) and Solartech Energy (TPE:3561) is expected to be concluded on October 1, 2018.

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-- Mitsui signs deal for 20% of 1-GW offshore wind project in Taiwan

Japanese trader Mitsui & Co Ltd (TYO:8031) said it has taken a 20% stake in the 1,044-MW Hai Long Offshore Wind development in the Taiwan Strait by buying into its co-owner Yushan Energy Taiwan Co.

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-- Foresight Solar Fund closes 114-MW PV portfolio buy

Foresight Solar Fund Ltd (LON:FSFL) said it has finalised the acquisition of a 114-MW photovoltaic (PV) portfolio in the UK for about GBP 47 million.

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-- Valmont takes control of solar tracker maker Convert Italia

US fabricated metal products maker Valmont Industries Inc (NYSE:VMI) has bought a majority stake in Italian engineered solar tracker solutions provider Convert Italia SpA, it was announced.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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