Renewables Now covered M&A stories related to Germany’s Innogy, US-based SunPower, Denmark’s Ørsted and Finland’s Neste over the past seven days. Below is the full list of deals:
-- CSP expert Cleanergy changes name and raises USD 11.5m
Sweden-based solar thermal power specialist Cleanergy AB said it has concluded a “substantially oversubscribed” private placement of SEK 100 million and also announced the change of its name.
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-- EnBW, Trident Winds to jointly develop up to 1-GW project off California
German utility Energie Baden-Wuerttemberg AG (ETR:EBK), or EnBW, announced it is forming a joint venture with Trident Winds Inc to develop an up-to-1-GW floating wind project off the central coast of California.
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-- E.on closes EUR-5bn debt to back Innogy acquisition
German utility E.on SE (ETR:EOAN) said it has closed the syndication of EUR 5 billion of acquisition financing for the voluntary public takeover offer of renewables-focused utility Innogy SE (ETR:IGY).
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-- Dubai investor saves UK small wind turbines manufacturer
Dubai-based investment firm International Power and Water Investments (IPWI) has saved Gaia Wind Ltd, the UK small wind turbines maker that entered liquidation in early 2018.
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-- CADE okays Total Eren's acquisition of 90 MW of solar projects in Brazil
Brazil's Administrative Council for Economic Defense (CADE) has approved, without restrictions, the acquisition of three solar projects with a combined capacity of 90 MW by Total Eren SA.
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-- Italy's A2A leaves bidding race for RTR solar platform in Italy - report
Italian utility A2A SpA (BIT:A2A) has chosen to drop out of the bidding race for solar power producer RTR Rete Rinnovabile, according to two sources quoted by Reuters.
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-- Singyes Solar agrees sale of 25-MW solar park in China
Singyes Solar Technologies Holdings Ltd (HKG:0750) said it will dispose of a 25-MW solar photovoltaic (PV) park in China’s Gansu province for CNY 203.8 million.
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-- Enphase gearing to buy SunPower's microinverter business
Enphase Energy Inc (NASDAQ:ENPH) intends to buy the microinverter business of SunPower Corp (NASDAQ:SPWR) in a deal that it says will speed up the adoption of Alternating Current (AC) solar modules “as the de facto residential solution."
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-- Ørsted continues with fossil fuel purge, exits Dutch plant
Danish offshore wind-focused energy company Ørsted A/S (CPH:ORSTED) is getting rid of its stake in a Dutch gas-fired power plant as part of its plan to back away from fossil-fueled assets.
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-- Brookfield Renewable ups stake in TerraForm Power
Brookfield Renewable Partners LP (TSE:BEP.UN) and its institutional partners have increased their combined stake in US renewables yieldco TerraForm Power Inc (NASDAQ:TERP) to 65% from 51%.
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-- Fengate to invest USD 100m in tie-up with Texas solar developer
Canada-based Fengate Real Asset Investments Ltd said it will invest USD 100 million in a co-development partnership with Texas-based solar developer PowerFin Partners.
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-- Finland sheds USD-1bn Neste stake
The government of Finland sold a 5% stake in oil and renewable products maker Neste Corp (HEL:NESTE) for a total of EUR 861 million.
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-- OVERVIEW - Solar, wind deals drop in May 2018
Deals in wind and solar assets arrived at just 4.3 GW in May 2018, Green Dealflow says in its monthly transaction activity report.
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-- UK firms team up to offers businesses batteries at no upfront cost
UK renewable energy companies Thrive Renewables and Aura Power have launched a joint venture (JV) that will offer UK businesses battery energy storage systems at no upfront cost.
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-- China's Byton raises USD 500m to prep for EV mass production
Chinese electric vehicle (EV) startup Byton has secured USD 500 million in financing from a Series B fundraising round, seeking to prepare for the mass production of its vehicles next year.
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-- AES wraps up sale of 17% Eletropaulo stake
US energy company AES Corp (NYSE:AES) has finalised the sale of a 17% stake in Brazil's Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3) to a unit of Enel SpA (BIT:ENEL).
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-- Atlantis completes tie-up with SIMEC and changes name
SIMEC Atlantis Energy Ltd is now officially the new name of tidal energy expert Atlantis Resources (LON:SAE) as it completed a previously announced tie-up with a GFG Alliance business.
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-- Arise signs option to buy 180 MW of wind projects in Sweden
Swedish onshore wind farm developer Arise AB (STO:ARISE) said it has signed an option agreement for the right to acquire two wind projects in Sweden with a combined capacity of about 180 MW.
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-- Northleaf takes 40% of 228-MW Aussie wind project
Ontario-based private equity firm Northleaf Capital Partners has purchased a 40% stake in the 228-MW Lal Lal Wind Farm project in Australia from developer Macquarie Capital.
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-- TRIG buys 30-MW wind project in Scotland
The Renewables Infrastructure Group Ltd (LON:TRIG) has bought the 30-MW Solwaybank onshore wind farm project in Dumfries and Galloway, Scotland.
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-- PV mounting specialist Schletter Group wraps up financial reorganisation
German photovoltaic (PV) mounting systems maker Schletter Group has concluded a financial reorganisation that brought in new owners and a double-digit-million-euro sum for investments in product development and growth.
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