Weekly renewables M&A round-up (Jun 20-24)

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June 24 (Renewables Now) - Renewables Now covered M&A stories about Vattenfall, Rio Tinto, Masdar, KKR and others in the past week. Below is the full list:

-- Mirova acquires renewables financier SunFunder

Paris-based impact investor Mirova announced it has acquired SunFunder, a private debt management firm that finances renewable energy projects in Africa and Asia, to expand into emerging markets and real assets.

Read more: https://renewablesnow.com/news/mirova-acquires-renewables-financier-sunfunder-788721/

-- Vattenfall buys majority stake in 2.8 GW of Swedish offshore wind schemes

Swedish state-owned utility Vattenfall AB said it is buying an 85% stake in two early-stage offshore wind projects in Sweden with an expected total capacity of 2.8 GW.

Read more: https://renewablesnow.com/news/vattenfall-buys-majority-stake-in-28-gw-of-swedish-offshore-wind-schemes-788725/

-- Cindrigo acquires Croatia's Dravacel to build 20MW geothermal power plant

UK-based renewable energy company Cindrigo said it has signed a deal to acquire 90% of Croatian company EES Dravacel Energetika, which holds a geothermal exploration licence, with a view of developing a 20 MW geothermal power plant.

Read more: https://renewablesnow.com/news/cindrigo-acquires-croatias-dravacel-to-build-20mw-geothermal-power-plant-788782/

-- TAQA, ADNOC to buy stakes in Masdar's renewables, H2 biz

Abu Dhabi National Oil Company (ADNOC) and multi-energy and water utility Abu Dhabi National Energy Company PJSC (TAQA) have signed binding agreements to acquire stakes in renewables promoter Masdar from its sole owner, sovereign investor Mubadala Investment Company PJSC, it was announced.

Read more: https://renewablesnow.com/news/taqa-adnoc-to-buy-stakes-in-masdars-renewables-h2-biz-788867/

-- ThomasLloyd Energy to buy out Indian platform SolarArise

ThomasLloyd Energy Impact Trust Plc (LON:TLEI) said it has agreed to acquire the remaining 57% interest in Indian renewable energy platform SolarArise India Projects Pvt Ltd for USD 38.5 million.

Read more: https://renewablesnow.com/news/thomaslloyd-energy-to-buy-out-indian-platform-solararise-788915/

-- Sol Systems grows Midwest portfolio with 91-MW solar purchase in Indiana

US solar finance and development company Sol Systems said it has acquired a 91-MW DC solar project in Indiana from a joint venture between Orion Renewable Energy Group LLC and Eolian LP.

Read more: https://renewablesnow.com/news/sol-systems-grows-midwest-portfolio-with-91-mw-solar-purchase-in-indiana-788978/

-- Ontario Teachers' targets 49% of Indian solar group Mahindra Susten - report

Ontario Teachers' Pension Plan Board is seeking to buy a 49% stake in solar installer Mahindra Susten, a unit of Indian automotive group Mahindra & Mahindra (NSE:M&M), the Economic Times reports.

Read more: https://renewablesnow.com/news/ontario-teachers-targets-49-of-indian-solar-group-mahindra-susten-report-789001/

-- DIF, Virya Energy to take stakes in Dutch green H2 plants developer VoltH2

Infrastructure fund manager DIF Capital Partners has agreed to take a stake in VoltH2, a Dutch developer of green hydrogen production facilities.

Read more: https://renewablesnow.com/news/dif-virya-energy-to-take-stakes-in-dutch-green-h2-plants-developer-volth2-789076/

-- Rio Tinto, others back electrolyser maker EH2 in raising USD 198m

Electric Hydrogen (EH2), a US developer of electrolysers for use in hard-to-decarbonise industries, has raised USD 198 million in a funding round led by Fifth Wall Climate Tech and with participation from industrial majors such as Rio Tinto.

Read more: https://renewablesnow.com/news/rio-tinto-others-back-electrolyser-maker-eh2-in-raising-usd-198m-789089/

-- Siemens Energy, Air Liquide eye joint 3-GW electrolysers production by 2025

Germany’s Siemens Energy AG (ETR:ENR) and French industrial gases supplier Air Liquide SA (EPA:AI) are setting up a joint venture (JV) to produce industrial-scale renewable hydrogen electrolysers, with production expected to ramp up to an annual capacity of 3 GW by 2025.

Read more: https://renewablesnow.com/news/siemens-energy-air-liquide-eye-joint-3-gw-electrolysers-production-by-2025-789210/

-- EnBW buys solar projects of up to 800 MW in Germany

Germany's EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has agreed to acquire a portfolio of pre-developed solar projects of 400 MW in Brandenburg from Procon Solar GmbH with an option for a further 400 MW.

Read more: https://renewablesnow.com/news/enbw-buys-solar-projects-of-up-to-800-mw-in-germany-789317/

-- Greencoat to buy 134.4-MW wind project in Sweden

Ireland-based investor Greencoat Renewables Plc (LON:GRP) announced it has agreed to acquire a 134.4-MW wind farm project in Sweden from German wind turbine maker Enercon GmbH on a forward sale basis.

Read more: https://renewablesnow.com/news/greencoat-to-buy-1344-mw-wind-project-in-sweden-789320/

-- ECP closes USD-1.6bn continuation fund to buy direct stake in Calpine

Energy transition-focused investor ECP has successfully closed a continuation fund with USD 1.6 billion in capital commitments, which has then agreed to acquire a minority stake in natural gas and geothermal power producer Calpine Corporation.

Read more: https://renewablesnow.com/news/ecp-closes-usd-16bn-continuation-fund-to-buy-direct-stake-in-calpine-789324/

-- Generate Capital backs Pine Gate with USD-500m growth investment

US sustainable infrastructure investor Generate Capital said it has made a strategic investment totalling USD 500 million into utility-scale solar and storage developer Pine Gate Renewables to support its growth plans.

Read more: https://renewablesnow.com/news/generate-capital-backs-pine-gate-with-usd-500m-growth-investment-789364/

-- KKR opens take-private bid for France's Albioma

US buyout firm KKR & Co Inc (NYSE:KKR) has launched its board-recommended tender offer for all shares and warrants of French independent renewable energy producer Albioma SA (EPA:ABIO).

Read more: https://renewablesnow.com/news/kkr-opens-take-private-bid-for-frances-albioma-789390/

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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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