Weekly renewables M&A round-up (Jun 27-Jul 1)

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July 1 (Renewables Now) - Renewables Now covered M&A stories about EDPR, TPG, Vestas, Eni and others in the past week. Below is the full list:

-- EDPR to acquire 200 MW of solar parks in Vietnam

Renewable energy giant EDP Renovaveis SA (ELI:EDPR) has inked a deal to acquire two solar plants in Vietnam totalling 200 MW from local developer Xuan Thien Group.

Read more: https://renewablesnow.com/news/edpr-to-acquire-200-mw-of-solar-parks-in-vietnam-789555/

-- Ameren Missouri to acquire 200-MW solar plant

Ameren Missouri, an electric and gas service provider owned by Ameren Corp (NYSE:AEE), has agreed to buy a 200-MW solar power plant in the central region of its home state for an undisclosed sum.

Read more: https://renewablesnow.com/news/ameren-missouri-to-acquire-200-mw-solar-plant-789632/

-- NextEnergy fund acquires 200 MW of solar projects in US

NextPower III ESG (NPIII ESG), a private solar fund managed by London-based NextEnergy Capital, has acquired two solar projects of 100 MW each in the US, doubling its US capacity to 397 MW and bringing its overall portfolio capacity to above 1 GW.

Read more: https://renewablesnow.com/news/nextenergy-fund-acquires-200-mw-of-solar-projects-in-us-789673/

-- EDPR sells 181-MW wind portfolio in Spain to China Three Gorges

Renewable energy company EDP Renovaveis SA (ELI:EDPR) said it has finalised the divestment of a 181-MW portfolio of wind farms in Spain to China Three Gorges SA (CTG).

Read more: https://renewablesnow.com/news/edpr-sells-181-mw-wind-portfolio-in-spain-to-china-three-gorges-789711/

-- TPG Rise leads USD 750m investment in solar developer Intersect Power

Clean energy firm Intersect Power LLC has raised USD 750 million in growth equity capital from TPG's global impact investing platform and others so it could scale its renewables portfolio and new product pipeline.

Read more: https://renewablesnow.com/news/tpg-rise-leads-usd-750m-investment-in-solar-developer-intersect-power-789804/

-- Alternus Energy to grow Polish solar ops with 184-MW acquisition

Ireland-based renewable independent power producer (IPP) Alternus Energy Group Plc (OSE:ALT) has agreed to buy a portfolio of Polish solar projects with a combined capacity of 184 MW.

Read more: https://renewablesnow.com/news/alternus-energy-to-grow-polish-solar-ops-with-184-mw-acquisition-789815/

-- Clearway Energy agrees to buy 413 MW of US wind farms

US renewables developer Clearway Energy Inc (NYSE:CWEN) has sealed a binding agreement to acquire 413 MW of wind farms in Texas, Nebraska and Wyoming in a cash-and-debt deal worth some USD 415 million.

Read more: https://renewablesnow.com/news/clearway-energy-agrees-to-buy-413-mw-of-us-wind-farms-789845/

-- Van Oord sells stake in 19-MW Borssele V offshore wind farm to Octopus

A consortium of companies, including Dutch marine contractor Van Oord, has offloaded its share in the 19-MW Borssele V offshore wind farm in Dutch waters to renewable energy investor Octopus Energy Generation.

Read more: https://renewablesnow.com/news/van-oord-sells-stake-in-19-mw-borssele-v-offshore-wind-farm-to-octopus-789872/

-- Equinor, SSE to acquire Triton Power to prop up low-carbon H2 plans

Norway’s Equinor ASA (NYSE:EQNR) and SSE Plc (LON:SSE) have agreed to acquire UK-based power producer Triton Power Holdings Ltd from infrastructure investor Energy Capital Partners in a deal that strengthens their existing cooperation on low-carbon hydrogen projects in the UK.

Read more: https://renewablesnow.com/news/equinor-sse-to-acquire-triton-power-to-prop-up-low-carbon-h2-plans-789908/

-- CleanCapital takes over BQ Energy with 1-GW solar pipeline

Clean energy investment platform CleanCapital has taken over BQ Energy (BQE), a renewables developer with a gigawatt-scale pipeline of solar projects in the US.

Read more: https://renewablesnow.com/news/cleancapital-takes-over-bq-energy-with-1-gw-solar-pipeline-789940/

-- Axpo sheds stake in Swiss utility Repower to focus on renewables

Swiss renewable power producer Axpo Holding AG has offloaded its remaining 12.69% stake in domestic power utility Repower AG in a deal that will allow it to invest more in its renewables business.

Read more: https://renewablesnow.com/news/axpo-sheds-stake-in-swiss-utility-repower-to-focus-on-renewables-789976/

-- AERIF closes acquisition of 30-MWp solar farm in Spain

UK-based investor Aquila European Renewables Income Fund plc (LON:AERS) said it had wrapped up the acquisition of the 30-MWp Tiza solar PV farm in southern Spain that was first announced in mid-May this year.

Read more: https://renewablesnow.com/news/aerif-closes-acquisition-of-30-mwp-solar-farm-in-spain-789987/

-- Vestas sheds 183-MW wind project in Mississippi to AES

Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said it has sold its 183-MW Delta wind project in Mississippi to US power generation group AES Corp (NYSE:AES).

Read more: https://renewablesnow.com/news/vestas-sheds-183-mw-wind-project-in-mississippi-to-aes-790006/

-- Cemig to buy 16 MWp of DG solar farms in Brazil

Brazilian energy solutions company Cemig SIM has signed an agreement to acquire 16.2 MWp of solar farms that will operate on a distributed generation (DG) basis in the state of Minas Gerais.

Read more: https://renewablesnow.com/news/cemig-to-buy-16-mwp-of-dg-solar-farms-in-brazil-790037/

-- Rolls-Royce buys into electrolysis stack maker Hoeller Electrolyzer

British engineering firm Rolls-Royce Holdings Plc (LON:RR) is buying a 54% interest in German electrolysis stack specialist Hoeller Electrolyzer GmbH in a deal that marks its entry into the green hydrogen production market.

Read more: https://renewablesnow.com/news/rolls-royce-buys-into-electrolysis-stack-maker-hoeller-electrolyzer-790052/

-- Eni moves Dogger Bank stake to offshore wind JV with HitecVision

Italian oil and gas company Eni SpA (BIT:ENI), through its decarbonisation business Plenitude, and Norwegian energy-focused private equity firm HitecVision AS unveiled plans to build their joint venture Vargronn into a substantial offshore wind player.

Read more: https://renewablesnow.com/news/eni-moves-dogger-bank-stake-to-offshore-wind-jv-with-hitecvision-790110/

-- Statkraft wraps up sale of 38-MW Scottish wind farm to Greencoat

Norwegian power producer Statkraft A/S has wrapped up the construction of its 37.8-MW Twentyshilling Hill wind farm in Scotland and finalised the asset’s sale to Greencoat UK Wind Plc (LON:UKW).

Read more: https://renewablesnow.com/news/statkraft-wraps-up-sale-of-38-mw-scottish-wind-farm-to-greencoat-790245/

-- European Energy takes control of Danish biogas upgrading specialist

Danish renewables developer European Energy A/S announced it has acquired a 51% stake in local firm Ammongas A/S, which specialises in upgrading biogas through carbon dioxide (CO2) sequestration.

Read more: https://renewablesnow.com/news/european-energy-takes-control-of-danish-biogas-upgrading-specialist-790286/

-- Brazil's Omega Energia promotes 531-MW Texas wind project in US debut

Brazilian energy firm Omega Energia SA (BVMF:MEGA3) is starting activity in the US, having just acquired the Goodnight wind farm project in Texas and ordered 265.5 MW of Vestas turbines for its first phase.

Read more: https://renewablesnow.com/news/brazils-omega-energia-promotes-531-mw-texas-wind-project-in-us-debut-790327/

-- ContourGlobal wraps up sale of 168 MW of hydro in Brazil

UK power producer ContourGlobal Plc (LON:GLO) has finalised the sale of its hydropower business in Brazil in a BRL-1.74-billion deal, it said.

Read more: https://renewablesnow.com/news/contourglobal-wraps-up-sale-of-168-mw-of-hydro-in-brazil-790343/

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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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