Weekly renewables M&A round-up (June 14-18)

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June 18 (Renewables Now) - Renewables Now covered M&A stories about Solarpack, Mitsubishi, Edison and others over the past week. Below is the full list:

-- JLEN buys biomass-fuelled CHP plant in UK

UK investment fund JLEN Environmental Assets Group Ltd (LON:JLEN) announced its first investment into a large-scale biomass combined heat and power (CHP) type of plant.

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-- Three Seas investment fund investing in owner of PV assets in Bulgaria

The investment fund of the Three Seas Initiative has acquired a 'significant' stake in Austrian renewable energy group Enery Development, owner of a 60 MW solar plant in Bulgaria, state-owned Bulgarian Development Bank (BDB), an investor in the fund, said.

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-- Aksiom, Ara Partners JV buys UK solar and storage firm Anesco

A joint venture (JV) between private equity firm Ara Partners and the Aksiom Group has taken over the parent company of UK-based renewables and energy efficiency projects developer Anesco Group.

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-- EDP Brasil closes acquisition of solar DG platform from AES Tiete

EDP Energias do Brasil SA (BVMF:ENBR3) announced it has concluded the purchase of a roughly 34-MWp solar distributed generation (DG) platform from power producer AES Tiete Energia SA.

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-- Solar Choice becomes sole owner of 2-GW solar giant in Queensland

Australian solar project developer Solar Choice has purchased the 75% it did not previously own in the massive 2-GW Bulli Creek solar park project in Queensland.

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-- Spain's Prodiel, Everwood form solar-focused JV for intl projects

Spanish renewables EPC specialist Prodiel SL has partnered with Madrid-based investment manager Everwood Capital to form a solar PV-focused joint venture (JV) DVP Solar.

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-- NextEra issues senior bonds to back 391-MW wind acquisition

NextEra Energy Partners LP (NYSE:NEP) has launched a USD-500-million senior notes placement in a bid to finance the acquisition of a 391-MW wind portfolio from Brookfield Renewable.

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-- GIG sets foot on UK's utility-scale battery storage market

Green Investment Group Ltd (GIG), part of Australia’s Macquarie Group Ltd (ASX:MQG), has acquired a portfolio of utility-scale battery storage development projects in the UK from developer Capbal Ltd.

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-- Univergy taps Lazard to find strategic partner to back its global growth

Spanish-Japanese renewables company Univergy Solar has retained Lazard Financial Advisors to help it find a strategic partner that will support its growth plans and push clean energy projects worldwide.

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-- CI Renewables takes over peer KDC Solar

US solar developer and clean energy solutions provider CI Renewables LLC has acquired sector player KDC Solar LLC from Diamond Castle Holdings LLC and members of the target’s management team.

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-- Matrix Renewables to buy 300 MW of Iberian solar projects from Alten

Matrix Renewables, the renewable energy platform backed by asset manager TPG, has signed a deal to acquire a 300-MW solar project portfolio in the Iberian Peninsula from Alten Renewable Energy.

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-- Heliogen raises USD 108m to deploy its concentrated solar tech

California-based Heliogen announced the raising of USD 108 million to speed up the deployment of its concentrated solar technology.

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-- EQT fund wants to take Spain's Solarpack private for EUR 881m

A fund affiliated with Swedish investment firm EQT AB (STO:EQT) is looking to buy and delist Spanish solar company Solarpack Corporacion Tecnologica SA (BME:SPK) for EUR 881.2 million in total.

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-- Mitsubishi to invest in 600-MW Laos wind project

Japan’s Mitsubishi Corp (TYO:8058) will invest in a 600-MW onshore wind farm project in Laos that will supply electricity to Vietnam.

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-- Prime Capital's Nordic wind fund locks EUR 342m of commitments

German independent asset manager Prime Capital AG has achieved a EUR-342-million third closing of its latest infrastructure fund that focuses on zero-subsidy wind assets in the Nordics.

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-- Edison targets 4 GW of wind & solar by 2030, seeks renewables partner

Italian energy company Edison (BIT:EDNR) laid out an ambition to accelerate growth in renewables, aiming to increase its wind and photovoltaic (PV) power capacity from the current 1.1 GW to 4 GW by 2030.

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-- Falck to take control of Italian electrical systems and storage co SAET

Italy's Falck Renewables SpA (BIT:FKR) announced it has agreed to acquire a 60% stake in Padua-based high-voltage electrical and energy storage systems company SAET SpA.

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-- Brazil's Renova receives offer from Mubadala for small hydro unit

Brazilian renewables company Renova Energia SA (BVMF:RNEW11) confirmed it has received an offer made by Emirati state-owned holding company Mubadala for its small hydropower (HPP) unit.

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-- Lightsource buys 703-MW solar pipeline in Spain

Lightsource BP announced it has acquired a 703-MW solar project pipeline from Jorge Energy in Spain.

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-- Ncondezi, Nesa plan to launch solar, storage JV in southern Africa

African power development company Ncondezi Energy Ltd (LON:NCCL) announced that its renewables subsidiary has signed a term sheet with Johannesburg-based investor Nesa to negotiate setting up a solar and storage-focused joint venture (JV) in the southern African commercial and industrial (C&I) sector.

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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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