Weekly renewables M&A round-up (June 28-July 2)

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July 2 (Renewables Now) - Renewables Now covered M&A stories about Mainstream, Vestas, Chile's Energia Llaima, EVgo and others over the past week. Below is the full list:

-- Sonnedix buys 300-MWp bundle of solar projects in Spain

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd announced that it has finalised the acquisition of a 300-MWp solar PV portfolio of projects under development in Spain.

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-- 1366 Technologies, Hunt Perovskite merge, get USD 25m in funding

Massachusetts-based silicon wafer maker 1366 Technologies Inc and Texas-based Hunt Perovskite Technologies LLC (HPT), created as part of Hunt Energy Enterprises LLC (HEE), have merged and secured USD 25 million in funding for the combined business.

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-- Mainstream to buy big stake in developer of 405 MW of solar in Vietnam

Ireland-based Mainstream Renewable Power Ltd announced that it has agreed to acquire an 80% stake in a company that is developing a 405-MW portfolio of solar projects in Vietnam.

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-- Vestas invests further in wood tower firm Modvion

Swedish wood technology firm Modvion AB said it has received a new investment from the venture capital arm of Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) through a recent direct shares issue.

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-- Bluefield Solar to buy 109 small-scale wind turbines in UK

Bluefield Solar Income Fund Ltd (LON:BSIF) said it has agreed to acquire a portfolio of 109 small-scale onshore wind turbines in the UK for GBP 60 million, including working capital.

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-- Summit Ridge, Osaka Gas to install 120 MW of solar in Maine

Virginia-based Summit Ridge Energy announced a joint venture (JV) with Osaka Gas USA Corp, part of Japanese company Osaka Gas Co Ltd (TYO:9532), to build, own and operate 120 MW of community solar parks in Maine.

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-- Repsol wraps up purchase of 40% stake in Hecate Energy

Spain’s Repsol SA (BME:REP) has finalised the acquisition of a 40% stake in Chicago-based solar and storage-focused developer Hecate Energy LLC, clearing the path to enter the US renewables market.

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-- Octopus Renewables buys 45-MW Polish wind project from OX2

Swedish renewables developer OX2 AB said it has sold a 45-MW wind project in Poland to funds managed by UK-based Octopus Renewables.

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-- LS Power acquires 467-MW multi-state solar portfolio from PSEG

US energy company Public Service Enterprise Group Inc (NYSE:PEG), or PSEG, has finalised the sale of a 365-MW/467-MW DC portfolio of solar projects to an affiliate of power and energy infrastructure owner LS Power.

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-- Advent Technologies to buy Fischer Group's fuel cell ops for EUR 52m

Boston-based advanced energy system components maker Advent Technologies Holdings Inc (NASDAQ:ADN) has signed a deal to take over the fuel cell systems businesses of Fischer Group for a total of EUR 52 million.

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-- Enlight to buy majority of solar developer Clenera at EV of USD 433m

Israeli renewables developer Enlight Renewable Energy Ltd (TLV:ENLT) has sealed a definitive deal to take control of US solar and storage company Clenera LLC at an enterprise value of up to USD 433 million.

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-- Green Science Alliance invests in Japanese perovskite solar cell start-up

Japan-based Green Science Alliance Co Ltd, which develops next-generation technologies for use in energy as well as in other fields, has invested in a Kyoto University start-up focused on perovskite solar cell research -- EneCoat Technologies Co.

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-- EDPR enters Vietnam with 28-MW solar buy

EDP Renovaveis SA (ELI:EDPR) has purchased a 28-MW solar plant in Vietnam from China’s Trina Solar Co Ltd (SHA: 688599).

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-- Innergex to take full control of Chile's Energia Llaima

Canadian renewable power producer Innergex Renewable Energy Inc (TSE:INE) has agreed to buy the 50% it does not already own in Chilean sector player Energia Llaima SpA in an all-stock deal worth CAD 88.36 million.

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-- EDPR sells 68% equity stake in 405-MW US wind farm portfolio

Madrid-based renewables company EDP Renovaveis SA (ELI:EDPR) said that it has finalised the sale of a 68% equity stake in a portfolio with 405 MW of wind farms in the US.

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-- Starwood snaps up 252-MW wind-solar portfolio from ConEd

US energy infrastructure investor Starwood Energy Group Global LLC has finalised the acquisition of 252 MW of wind and solar parks in California and Texas from Consolidated Edison Development Inc, also known as ConEd.

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-- Spain's Ezentis to absorb solar biz with 5.6 GW of contracts

Grupo Ezentis SA (BME:EZE), a Spanish group dedicated to building and operating power and telecommunications infrastructure, announced that its board of directors approved a proposal to absorb solar PV-sector business Rocio Servicios Fotovoltaicos SLU.

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-- Nautilus buys 60 MW of solar farms in New York, Maryland

Nautilus Solar Energy LLC said it has purchased a portfolio of operational solar farms with a combined capacity of almost 60 MW in direct current in New York and Maryland.

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-- Gresham House plans to deploy 852 MW of battery storage by Q1 2023

Gresham House Energy Storage Fund plc (LON:GRID) said it has signed contracts to acquire a further 425 MW of battery energy storage projects from Gresham House Devco Ltd and proposed a GBP-100-million placing.

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-- ReneSola sheds 38-MW Polish solar bundle to Denmark's Obton

Solar project developer and operator ReneSola Ltd (NYSE:SOL), also known as ReneSola Power, said it has completed the sale of a 38-MW solar project portfolio in Poland to Danish solar investor Obton A/S.

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-- Greenvolt, Equitix wrap up 43.6-MW biomass plant acquisition in UK

Portuguese renewable energy company Greenvolt – Energias Renovaveis SA and funds managed by Equitix Group have completed their joint acquisition of a 43.6-MW biomass power plant in England.

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-- European Energy selling 21-MW solar farm in Denmark to Conquest

Danish wind and solar developer European Energy A/S has struck an agreement to offload the 20.7-MW Holmen solar park in Denmark for an undisclosed sum.

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-- IRISNDT buys fellow inspection co Altura Wind Services

Non-destructive testing (NDT) specialist IRISNDT announced it has acquired Altura Wind Services LLC, a provider of inspection, cleaning and maintenance services to the wind power market in the US.

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-- Greece's Mytilineos to buy solar development projects in Ireland

Greek industrial conglomerate Mytilineos SA [ATHEX:MYTIL] said it has bought a 14MW portfolio of solar development projects in the Republic of Ireland from UK-based solar development platform Elgin Energy in a push to bolster its international presence.

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-- ReGenerate buys 50-MW biomass energy plant in Georgia

A joint venture between New York-based private equity firm Ember Infrastructure and ReEnergy Biomass Operations LLC has closed the acquisition of a 50-MW biomass heat-and-power facility in the US state of Georgia.

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-- Distributed H2 firm BayoTech gets investment from Caterpillar, buys H2 storage biz

BayoTech Inc, a US company specialising in localised hydrogen production, said it has secured an indirect equity investment from the venture capital arm of heavy machinery maker Caterpillar Inc (NYSE:CAT).

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-- EVgo goes public with completion of SPAC merger

EVgo Services LLC, a US electric vehicle (EV) fast-charging network operator that uses 100% renewable power, is going public thanks to the completion of a merger with a listed special purpose acquisition company (SPAC).

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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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