- Press Releases
June 10 (Renewables Now) - Renewables Now covered M&A stories about China Three Gorges, A2A, Chevron, Repsol and others in the past week. Below is the full list:
-- AIIM takes majority stakes in 30-MW S African solar trio
Private equity fund manager African Infrastructure Investment Managers (AIIM) said it has bought majority stakes in a 30-MW portfolio of solar park projects in South Africa.
Read more: https://renewablesnow.com/news/aiim-takes-majority-stakes-in-30-mw-s-african-solar-trio-787139/
-- France's Qair Group agrees to buy insolvent Green City
France-based green energy producer Qair Group has clinched a deal to acquire the core business of renewables developer Green City AG about four months after the German company filed for insolvency.
Read more: https://renewablesnow.com/news/frances-qair-group-agrees-to-buy-insolvent-green-city-787142/
-- Germany's Sonnen to acquire Spanish energy solutions firm Webatt
German home batteries maker Sonnen Group announced it is set to acquire Spain’s Webatt Energia SL, a specialist in solar PV self-consumption and energy storage solutions.
Read more: https://renewablesnow.com/news/germanys-sonnen-to-acquire-spanish-energy-solutions-firm-webatt-787177/
-- China Three Gorges gets hands on 619 MW of Spanish solar
Chinese state-owned power company China Three Gorges has agreed to acquire some 619 MW of solar PV assets in Spain from UK renewables investor Nexwell Power, according to multiple reports by the Spanish media.
Read more: https://renewablesnow.com/news/china-three-gorges-gets-hands-on-619-mw-of-spanish-solar-787277/
-- US Solar Fund takes another 25% stake in California solar farm
US Solar Fund Plc (LON:USF) has raised its ownership stake in the 200-MW (DC) Mount Signal 2 solar farm in California to 50%, it said.
Read more: https://renewablesnow.com/news/us-solar-fund-takes-another-25-stake-in-california-solar-farm-787293/
-- Solar construction firm DSI lands equity investment
US utility-scale solar and speciality infrastructure contractor Directional Services Inc (DSI) has received an equity investment of an undisclosed amount from a group of investors led by Chicago-based Rising Point Capital.
Read more: https://renewablesnow.com/news/solar-construction-firm-dsi-lands-equity-investment-787362/
-- A2A closes buy of 353-MW wind-solar bundle from Ardian
Italian utility A2A SpA (BIT:A2A) has wrapped up the acquisition of 353 MW of wind and solar power capacity in Spain and Italy in deals with a combined equity value of EUR 452 million.
Read more: https://renewablesnow.com/news/a2a-closes-buy-of-353-mw-wind-solar-bundle-from-ardian-787406/
-- Signal Iduna buys 650-MW solar project in Germany
German insurance and financial service provider Signal Iduna has acquired a 650-MW subsidy-free solar project that will be built on a former brown coal opencast mine near the city of Leipzig.
Read more: https://renewablesnow.com/news/signal-iduna-buys-650-mw-solar-project-in-germany-787414/
-- Chevron gets EU nod for Renewable Energy Group deal
The European Commission (EC) has cleared US energy giant Chevron’s (NYSE:CVX) agreement to acquire domestic biodiesel firm Renewable Energy Group Inc (NASDAQ:REGI), or REG, in a deal valued at about USD 3.15 billion.
Read more: https://renewablesnow.com/news/chevron-gets-eu-nod-for-renewable-energy-group-deal-787473/
-- Quaise Energy raises more funds to back novel geothermal tech
Geothermal start-up Quaise Energy has raised an additional USD 12 million in a funding round led by TechEnergy Ventures, the corporate venture capital (VC) group within Tecpetrol’s energy transition division.
Read more: https://renewablesnow.com/news/quaise-energy-raises-more-funds-to-back-novel-geothermal-tech-787541/
-- Sonnedix sells S Africa solar biz to BTE Renewables
Global independent power producer (IPP) Sonnedix Power Holdings Ltd has sold its South African solar business to pan-African peer BTE Renewables, left behind a 75-MW solar farm and exited the market.
Read more: https://renewablesnow.com/news/sonnedix-sells-s-africa-solar-biz-to-bte-renewables-787590/
-- Svea Solar raises EUR 100m for utility-scale solar projects in Europe
Swedish solar company Svea Solar has received a EUR-100-million investment from US-based fund manager CarVal Investors which will help it develop and build 500 MW of utility-scale solar projects in the home market and abroad.
Read more: https://renewablesnow.com/news/svea-solar-raises-eur-100m-for-utility-scale-solar-projects-in-europe-787641/
-- Germany considers buying into TSO TransnetBW - report
The German government is said to be considering taking a minority stake in TransnetBW, the transmission system operator (TSO) of electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK), newspaper Frankfurter Allgemeine Zeitung said.
Read more: https://renewablesnow.com/news/germany-considers-buying-into-tso-transnetbw-report-787683/
-- Innergex acquires 332 MW of Aela's wind farms in Chile
Canadian power producer Innergex Renewable Energy Inc (TSE:INE) announced it has finalised the acquisition of 332 MW of wind farms Chile from Aela, a joint venture (JV) between private equity investor Actis and Ireland-based Mainstream Renewable Power.
Read more: https://renewablesnow.com/news/innergex-acquires-322-mw-of-aelas-wind-farms-in-chile-787726/
-- Repsol agrees sale of 25% interest in renewables unit for EUR 905m
Spanish multi-energy group Repsol SA (BME:REP) has agreed to sell a 25% stake in its renewables subsidiary Repsol Renovables to a French-Swiss consortium for EUR 905 million.
Read more: https://renewablesnow.com/news/repsol-agrees-sale-of-25-interest-in-renewables-unit-for-eur-905m-787746/
-- UK services company Mitie buys solar installer Custom Solar
UK facilities management and services company Mitie Group plc (LON:MTO) said it has agreed to buy Custom Solar Ltd to strengthen its decarbonisation offering.
Read more: https://renewablesnow.com/news/uk-services-company-mitie-buys-solar-installer-custom-solar-787762/
-- Octopus Energy unveils 1.2-GW renewables ambition in Germany
UK’s Octopus Energy Group has bought the rights for the construction of a 35-MW wind farm in Germany in what is its first renewable generation deal in the country, where it has huge expansion plans ahead.
Read more: https://renewablesnow.com/news/octopus-energy-unveils-12-gw-renewables-ambition-in-germany-787788/
-- VH Global seeks to raise funds for wind, hydro buys in LatAm
VH Global Sustainable Energy Opportunities Plc (LON:GSEO) plans to raise some GBP 150 million in gross proceeds through the issuance of new ordinary shares.
Read more: https://renewablesnow.com/news/vh-global-seeks-to-raise-funds-for-wind-hydro-buys-in-latam-787832/