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Weekly renewables M&A round-up (July 8-14)

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July 15 (Renewables Now) - Renewables Now covered M&A stories related to ABB, KK Group, Greenko and others over the past week. Below is the full list of deals:

-- Aquila European Renewables unveils 1st hydro, wind acquisitions

Aquila European Renewables Income Fund Plc (LON:AERI) has acquired an 18-MW wind farm in Denmark and bought into a 103-MW portfolio of small hydropower plants (HPPs) in Portugal, it said.

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-- Edisun Power to acquire 23-MW solar project in Portugal

Swiss solar power producer Edisun Power Europe AG (SWX:ESUN) has signed a deal to buy a 23-MW solar photovoltaic (PV) project in Portugal that is expected to enter the construction phase in the final quarter of 2019.

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-- Croatian regulator gives green light to Energia Naturalis to launch takeover bid for Luka Ploce

The Croatian Financial Services Supervisory Agency (HANFA) said it has given the green light to local energy and logistics group Energia Naturalis (ENNA) to launch a takeover bid for Adriatic port operator Luka Ploce.

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-- Sonnedix buys another 4 MW of PV in Italy

Sonnedix Power Holdings Ltd has purchased four operating solar photovoltaic (PV) farms totalling 4 MW in the latest acquisition spree in Italy.

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-- BlackRock agrees sale of 30-MW wind farm to Greenbacker

BlackRock Real Assets said it has agreed to sell its majority holding in a 30.75-MW wind farm in Minnesota to New York-based Greenbacker Renewable Energy Company LLC.

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-- ABB to sell PV inverter business to Fimer

Swiss group ABB Ltd (SWX:ABBN) announced it has entered into an agreement to sell its solar photovoltaic (PV) inverter business to Italian sector player Fimer SpA so it could concentrate on other growth markets.

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-- RP Global sells 33 MW of small Portuguese HPPs to Mirova

RP Global has sold a 90% stake in 33 MW of small hydropower plants (HPPs) in Portugal to Mirova, an infrastructure fund attached to French corporate bank Natixis SA (EPA:KN).

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-- Capital Dynamics, Sol Systems set up JV for DG solar market

Private asset manager Capital Dynamics has joined hands with US solar investor Sol Systems in a new joint venture (JV) that will focus on the distributed generation (DG) solar market.

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-- Energy Capital Partners buys energy storage expert Convergent

US private equity and credit investment firm Energy Capital Partners (ECP) has taken over energy storage solutions developer Convergent Energy + Power.

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-- AP Moller to buy turbine controls developer KK Wind

Danish business conglomerate AP Moller Holding A/S has agreed to take over KK Group A/S, including its wind industry activities, in a drive to become “an active player in the green energy transition.”

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-- CIP takes stake in 400-MW pumped storage project in US

Copenhagen Infrastructure Partners (CIP) will be the long-term sponsor equity providers for the 400-MW Gordon Butte Pumped Storage Hydro Project in the US state of Montana.

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-- Spruce Finance buys 12.1 MW of US residential solar

Spruce Finance, a Texas-based solar asset manager, has purchased a 12.1-MW portfolio of residential solar photovoltaic (PV) systems in line with its strategy to further expand in the US.

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-- Greenko secures more funds from GIC, ADIA to finance business plan

Indian renewable energy company Greenko Energy Holdings said it has obtained a total equity commitment of USD 824 million from its existing shareholders to fund its business plan.

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-- Sembcorp pours USD 75m in Indian energy arm to push renewables

Singapore-based Sembcorp Industries Ltd (SGX:U96) announced it has made an INR-5.17-billion equity investment in its Indian energy subsidiary in a bid to grow its renewable energy business.

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-- Eolus agrees to sell 400-MW Norwegian wind project to Aquila

Sweden’s Eolus Vind AB (STO:EOLU-B) has arranged the sale of the company that holds all the rights to the 400-MW Oyfjellet onshore wind project in Norway to German asset manager Aquila Capital.

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-- Total corporate solar funding rises 11% in H1 2019 - Mercom

Total corporate funding in the global solar sector rose to USD 6 billion in the first half of 2019 from USD 5.4 billion a year earlier, according to the latest report by clean energy consultancy Mercom Capital Group.

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-- Wind blades maker TPI acquires Berlin-based engineer team

US composite wind blades manufacturer TPI Composites Inc (NASDAQ:TPIC) said it has acquired a Berlin-based team of engineers from the Senvion-owned Euros Group.

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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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