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Weekly renewables M&A round-up (June 3-9)

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June 10 (Renewables Now) - Renewables Now covered M&A stories related to EnBW, Algonquin Power, Eni and others over the past 10 days. Below is the full list of deals:

-- Schneider Electric buys into energy software firm AutoGrid

French energy management and automation expert Schneider Electric SE (EPA:SU) has made an investment of an undisclosed amount in AutoGrid Systems Inc, a firm that develops flexibility management software for the energy industry.

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-- TRIG to acquire 25% of 330-MW German offshore wind park

The Renewables Infrastructure Group Ltd (LON:TRIG) has signed a deal to buy a 25% indirect equity interest in the 330-MW Gode Wind 1 offshore wind farm in the German portion of the North Sea.

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-- Germany's EnBW formally exits EWE

German utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has divested its remaining 6% stake in energy and telecommunications group EWE AG, whose renewables arm builds and operates wind farms.

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-- LevelTen Energy bags USD 20.5m to grow renewables procurement platform

Seattle-based renewable energy procurement platform LevelTen Energy has raised USD 20.5 million in a Series B funding round led by Prelude Ventures.

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-- Arjun Infrastructure buys Ancala's 97-MW UK solar portfolios

UK infrastructure investment manager Ancala Partners LLP has offloaded its two portfolios of operational solar assets in the UK with a combined capacity of 97 MW.

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-- Marubeni, shareholders invest USD 26m in off-grid solar installer Azuri

Africa-focused solar home systems provider Azuri Technologies Ltd said it has received an equity investment of USD 26 million from Japan's Marubeni Corp (TYO:8002) and its existing shareholders, supporting its expansion plans in East and West Africa.

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-- Attis Industries concludes USD-20m acquisition of NY ethanol plant

Attis Industries Inc (NASDAQ:ATIS) has finalised the acquisition of the corn ethanol plant and grain malting operation based in Fulton, New York, for USD 20 million in cash with non-dilutive financing.

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-- PNE sells 113-MW Swedish wind project to Enlight

German renewable energy firm PNE AG (ETR:PNE3), via its wholly-owned unit WKN GmbH, has sold the 113-MW Malarberget wind project in Sweden to Israel’s Enlight Renewable Energy Ltd (TLV:ENLT).

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-- Scatec Solar to sell 40% in Ukrainian PV project to FMO

Oslo-based Scatec Solar ASA (OSL:SSO) has agreed to sell a 40% equity stake in the 32-MW Kamianka project in Ukraine to Dutch development bank FMO.

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-- EnBW expands green portfolio with completion of Valeco buy in France

German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) completed the acquisition of French wind and solar farms developer Valeco Group.

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-- Brazil's Aneel rejects AES, Renova deal for 305-MW wind project

Brazilian power sector regulator Aneel has rejected a request from Renova Energia SA (BVMF:RNEW11) to transfer the 305-MW Phase B of the 743-MW Alto Sertao III wind power complex to energy firm AES Tiete Energia SA.

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-- JP Morgan-advised vehicle to buy El Paso Electric in USD-4.3bn deal

An investment vehicle advised by JP Morgan Investment Management Inc has struck a deal to acquire Texas-based regional electric utility El Paso Electric Co (NYSE:EE), or EPE, at an enterprise value of USD 4.3 billion.

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-- Huaneng may buy majority stake in GCL New Energy

State-owned power company China Huaneng Group is discussing the purchase of a 51% stake in solar power producer GCL New Energy Holdings Ltd (HKG:0451), or GNE.

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-- Wilhelmsen Ship Management buying 50% of NorSea Wind

Wilhelmsen Ship Management (WSM) is acquiring a 50% stake in NorSea Wind AS to beef up its foothold in the wind energy market, the buyer announced in a statement.

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-- Algonquin Power to buy Bermuda's sole electric utility for USD 365m

Canadian renewable energy company Algonquin Power & Utilities Corp (TSX:AQN), or APUC, has agreed to acquire the parent of Bermuda Electric Light Company (BELCO), which is the sole electric utility in Bermuda.

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-- Foresight is new investment adviser of John Laing enviro fund

London-based investment manager Foresight Group CI Ltd has agreed to acquire John Laing Environmental Assets Group Ltd (LON:JLEN), an environmental infrastructure investment fund with assets, including renewables, in the UK and France.

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-- Gore Street lays plan for acquisition of 51% in energy storage portfolio

Gore Street Energy Storage Fund plc (LON: GSF) said it has agreed to acquire a 51% interest in a 160-MW portfolio of energy storage projects in Northern Ireland and the Republic of Ireland.

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-- Athena inks deal to sell wind, solar stakes to Ardian, Glennmont

Athena Investments A/S (CPH:ATHENA) signed a deal to sell its stakes in six wind and solar parks totalling 205.5 MW to Ardian Infrastructure and Glennmont Partners.

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-- J-Power backs Genex's 250-MW Aussie pumped storage project

Electric Power Development Co Ltd, known as J-Power, will buy up to AUD 25 million of stock in Australia’s Genex Power Ltd (ASX:GNX) to support the latter’s 250-MW K2 pumped storage hydro project in Queensland.

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-- Mitsui, Mahindra Susten to invest in distributed solar in India

Japanese general trader Mitsui & Co Ltd (TYO:8031) and Indian cleantech firm Mahindra Susten Pvt will partner in the distributed solar space in India.

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-- Brazil's Omega Geracao concludes purchase of 303-MW wind portfolio

Brazilian renewable energy company Omega Geracao SA announced it has concluded the acquisition of CEA – Centrais Eolicas Assurua, owner of a 303-MW wind portfolio.

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-- Eni, Sonangol to create renewables JV in Angola

Italian oil and gas major Eni SpA (BIT:ENI) plans to create a joint venture with peer Sonangol to develop renewable energy projects in Angola, starting with a 50-MWp solar photovoltaic (PV) plant in the southern part of the country.

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-- CCI takes possession of 150-MW wind park in Texas

Castleton Commodities Intl LLC (CCI) has completed the acquisition of a 150-MW wind farm in the state of Texas, the energy commodity merchant announced.

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-- Missouri nods to Invenergy's buy of Grain Belt Express transmission line project

The Missouri Public Service Commission (PSC) said it has approved Invenergy Transmission LLC’s request to acquire Clean Line Energy Partners’ Grain Belt Express transmission line project.

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-- Canada's CC&L Infrastructure grows HPP portfolio with 50-MW buy

Canada-based Connor, Clark & Lunn Infrastructure (CC&L) said it has become the majority shareholder in Bremner Trio Hydro Corp and its 50-MW portfolio of run-of-river hydropower plant (HPP) projects in British Columbia.

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-- S Africa's Reatile invests in Juwi's renewables EPC unit

Reatile Renewables, the renewable energy arm of South African investment holding company Reatile Group, has bought a 20% stake in the engineering, procurement and construction (EPC) unit of Germany’s Juwi.

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-- Greenko bags funds for 2.4 GW of energy storage in India

India’s Greenko Energy Holdings announced that it has raised USD 495 million in equity funding for 2.4 GW of storage projects.

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-- Eletrobras to continue sale of wind power SPEs next month - report

Brazilian power distributor Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, intends to resume by next month the sale of 44 special purpose companies (SPEs) holding wind farms and transmission lines.

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