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Weekly renewables M&A round-up (June 25-July 1)

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July 2 (Renewables Now) - Renewables Now covered M&A stories related to Ørsted, Uniper, EDPR, Carnegie Clean Energy and Sempra Energy over the past seven days. Below is the full list of deals:

-- Canada's CDPQ takes stake in construction & renewables co Pomerleau

Canadian fund manager La Caisse de depot et placement du Quebec (CDPQ) said it has invested CAD 50 million in a minority stake in domestic construction and renewable energy firm Pomerleau, the co-owner of wind farm builder Borea.

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-- NextEnergy Solar Fund buys 46.6 MWp of UK solar parks

NextEnergy Solar Fund Ltd (LON:NESF) said it has acquired a portfolio of 10 solar parks in the UK with a combined capacity of 46.6 MWp.

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-- Germany's Gildemeister, Al Shirawi to jointly develop UAE solar projects

Private business conglomerate Al Shirawi Group has set up a joint venture with Germany’s Gildemeister Energy Solutions GmbH to develop utility-scale solar projects in the UAE.

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-- CADE okays unwinding of Energimp-Cemig wind partnership

Brazil's Administrative Council for Economic Defense (CADE) has approved without restrictions the planned unwinding of a partnership between power company Cemig (BVMF:CMIG4) and Energimp SA that held a 99.6-MW wind portfolio.

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-- New Energy Solar buys 46.7-MW Aussie solar park from First Solar

Australian investment company New Energy Solar (ASX:NEW) said it has agreed to acquire the 46.7-MW Manildra solar farm in Australia from a subsidiary of First Solar Inc (NASDAQ:FSLR).

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-- CMS Energy's portfolio to expand with 250 MW of wind acquisitions

US electric utility CMS Energy (NYSE:CMS) said that two of its subsidiaries have agreed to purchase an up to 250-MW portfolio of wind projects in Michigan and Ohio.

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-- Ørsted wants to sell Danish power distribution, residential customer ops

Ørsted A/S (CPH:ORSTED) is looking at selling its Danish power distribution and residential customer businesses as the company focuses on growth in renewables.

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-- Foresight buys 17-MWe German AD portfolio

Foresight Group said it has expanded into Germany with the acquisition of five operational anaerobic digestion (AD) plants.

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-- E.on closes sale of Uniper stake for EUR 3.8bn

German utility E.on SE (ETR:EOAN) has wrapped up the sale of its 46.65% stake in Uniper SE (ETR:UN01) to Finnish peer Fortum Oyj (HEL:FORTUM) for EUR 3.8 billion.

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-- GE to focus on aviation, power and renewable energy

As a result of its strategic review, General Electric Co (NYSE:GE) will focus on aviation, power and renewable energy in a move to create a "simpler and stronger" company.

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-- GCL-Poly, Mitsui to form JV

Chinese polysilicon and multicrystalline wafer manufacturer GCL-Poly Energy Holdings Ltd (HKG:3800) and Japanese conglomerate Mitsui & Co Ltd (TYO:8031) have agreed to form a joint venture (JV) to invest in new-generation energy and infrastructure-related businesses in China and other selected countries.

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-- China Three Gorges seeks buyer for EDPR's US assets - report

China Three Gorges Corp is looking for a European party willing to buy the US renewable energy assets of takeover target Energias de Portugal SA (ELI:EDP), Reuters reports, quoting three sources.

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-- Carnegie to sell solar/microgrid business to focus on wave power

Australian renewables firm Carnegie Clean Energy Ltd (ASX:CCE) plans to sell its solar and microgrid business, Energy Made Clean (EMC), to Sydney-based investment house Tag Pacific Ltd (ASX:TAG) in exchange for a 32% stake in the buyer.

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-- Omnes-Ilmatar JV to build 1 GW of Nordic wind

A joint venture (JV) created by an Omnes Capital-managed fund and Finnish firm Ilmatar Windpower Plc will aim to build an operate up to a gigawatt of Nordic wind power over five years, and has already made its first acquisition.

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-- BlackRock buying 197-MW wind project in Norway

A fund managed by BlackRock Real Assets has agreed to buy the 197.4-MW Guleslettene wind project on the West coast of Norway from developer Zephyr AS.

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-- Repsol to buy Viesgo's low-emissions power ops in Spain

Repsol SA (BME:REP) will acquire the unregulated low-emissions power generation operations, including hydropower assets, of fellow Spanish energy company Viesgo for EUR 750 million.

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-- BP to buy UK EV charging firm Chargemaster

UK oil and gas giant BP Plc (LON:BP) said it has agreed to buy Chargemaster, which is described as the UK's largest electric vehicle (EV) charging company.

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-- Sempra Energy to shed 2.6-GW of US wind and solar assets

Sempra Energy (NYSE:SRE) has decided to part with all of the US solar and wind assets and investments bundled within its renewable energy arm after conducting a year-long strategic review of its businesses.

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-- WEC Energy to buy 80% stake in Illinois wind park from Invenergy

WEC Energy Group (NYSE:WEC) has signed a deal to buy an 80% interest in a 132-MW wind farm in Illinois from renewables developer Invenergy.

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-- Enel to offload Italian biomass assets for EUR 335m

Italian energy group Enel SpA (BIT:ENEL) said it will sell a biomass power generation portfolio at home with a net installed capacity of 108 MW to F2i SGR for EUR 335 million.

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-- MPC Caribbean acquiring 21-MW wind park in Costa Rica

Germany-based real assets investment manager MPC Capital AG (ETR:MPCK) announced that it is acquiring a 21-MW wind park in Costa Rica.

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-- Gencan's shareholders approve sale of rooftop solar array in Ontario

The shareholders of Gencan Capital Inc (OTCMKTS:GNCNF) have approved the Canadian firm’s planned sale of a rooftop solar plant in Ontario, representing substantially all of its assets.

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-- Eesti Energia agrees EUR 300m in credit lines ahead of wind acquisition

Estonian state-owned energy company Eesti Energia AS, which recently agreed to buy a large wind portfolio in the Baltics, has signed credit facilities for a total sum of EUR 300 million.

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-- CNR takes possession of 21.2-MW wind park in France

French green power producer Compagnie Nationale du Rhone (CNR) has acquired the 21.25-MW Port Saint Louis du Rhone wind farm in southern France.

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-- ABB closes USD-2.6bn acquisition of GE's electrification arm

Swiss power and automation group ABB (VTX:ABBN) has finalised its USD-2.6-billion acquisition of the global electrification solutions business of US conglomerate General Electric (NYSE:GE).

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