Weekly renewables M&A round-up (June 7-11)

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Renewables Now covered M&A stories about Meridian Energy, ArcelorMittal, A2A, Ardian and others over the past week. Below is the full list:

-- Denham Capital keen on selling USD-774m of energy assets - report

US private equity fund Denham Capital is looking to shed AUD 1 billion worth of Aussie and Asian assets, including renewable energy assets held by its Singapore-based platform Nexif Energy, The Australian reports.

-- New Energy Solar to leave Aussie market with 167-MW sale

Australia’s New Energy Solar Ltd (ASX:NEW) will exit its home market through a 167-MW DC asset sale in New South Wales and then focus its business entirely on the US market, it announced.

-- Sweden's Metacon agrees buyout of Greece's Helbio

Swedish energy systems manufacturer Metacon AB [NGM:META] said it has agreed to acquire the remaining 41.13% stake in Greek hydrogen and energy systems developer Helbio Holdings it does not already own for 129.4 million Swedish krona.

-- MPC Caribbean-led group to buy 33.4-MWp solar farm in Dominican Republic

MPC Caribbean Clean Energy Fund LLC, part of German asset management group MPC Capital AG (ETR:MPCK) and its Caribbean investment operations, has signed an agreement to acquire a portion of a 33.4-MWp operating solar farm in the Dominican Republic.

-- Alternus Energy takes majority holding in Unisun Energy

Ireland-based independent power producer Alternus Energy Group Plc (NOTC:ALT) has bought a 60% stake in Dutch developer Unisun Energy Holding B.V. for about EUR 800,000 in total.

-- Greenvolt, Equitix buy 43.6-MW biomass plant in England

Portuguese renewable energy company Greenvolt – Energias Renovaveis SA and funds managed by Equitix Groups have reached an agreement to jointly acquire a 43.6-MW biomass power plant in England.

-- CDPQ-led group to take full control of power, gas distributor Energir

A consortium led by Caisse de depot et placement du Quebec (CDPQ) has agreed to buy the minority stake it does not already have in the owner of Quebec-based energy trader Energir LP for CAD 1.14 billion.

-- Australia’s RayGen secures funds for solar-plus-hydro-storage project

Australian solar hydro technology firm RayGen Resources Pty Ltd has secured funding for its innovative project at Carwarp in Victoria that will feature 4 MW of solar and 3 MW/50 MWh of storage capacity.

-- Meridian Energy ponders options for Aussie unit with 300 MW of renewables

New Zealand electricity provider Meridian Energy Ltd (NZE:MEL, ASX:MEZ) is mulling over options to divest, either in full or partially, its roughly 300 MW of renewable energy assets in Australia.

-- Italy's Alerion Clean Power buys three solar plants with 14.3 MW total capacity in Romania

Italian renewable energy holding Alerion Clean Power said it has acquired three companies that own as many photovoltaic plants currently under construction in Romania with a total installed capacity of approximately 14.3 MW.

-- ArcelorMittal invests in concentrated solar firm Heliogen

ArcelorMittal SA (AMS:MT) has invested an initial USD 10 million in US renewable energy technology company Heliogen to support the steel producer's decarbonisation efforts.

-- Agilitas Energy takes over New England Battery Storage

Agilitas Energy has become the biggest integrated solar and storage developer in the US Northeast with the acquisition of New England Battery Storage (NEBS), the company announced.

-- 7X Energy sells 130-MW Texas solar project to KOMIPO

US solar developer 7X Energy Inc said it has sold its 130-MW Elara solar project in Texas to KOMIPO America Inc, a subsidiary of Korea Midland Power Co Ltd.

-- Greenbacker buys 20-MW solar bundle in S Dakota

Greenbacker Renewable Energy Company LLC (GREC) said it has bought a 20-MW portfolio of pre-operational solar parks in South Dakota that are contracted under a long-term power purchase agreement (PPA).

-- Blue Planet announces third UK takeover, buys Qube Renewables

Singapore-based Blue Planet Environmental Solutions Pte Ltd said it has made its third investment in the UK with the purchase of local biogas company Qube Renewables Ltd.

-- Encavis buys 43-MW German wind farm for BayernLB-marketed fund

The asset management unit of German renewables operator Encavis AG (ETR:CAP) has purchased a 43.2-MW wind farm in Germany from compatriot UKA Group for an undisclosed sum.

-- A2A, Ardian ink non-binding terms for EUR 4.5bn energy deal in Italy

Italian utility A2A SpA (BIT:A2A) and Paris-based investment house Ardian have signed a non-binding agreement to establish “one of the largest electricity producers and suppliers in Italy” and accelerate the energy transition, the partners announced.

-- Octopus Renewables eyes GBP 100m from share issue

Octopus Renewables Infrastructure Trust plc (LON:ORIT) announced a proposal to raise about GBP 100 million in a share issue.

-- DIF Capital Partners to buy 298-MW Oklahoma wind farm

Infrastructure fund manager DIF Capital Partners has arranged the acquisition of the 298-MW Kingfisher Wind operating wind farm located in the US state of Oklahoma.

-- Romania's Paval Holding buys 5% stake in Simtel Team

Romanian engineering and technology company Simtel Team said that Romanian investment vehicle Paval Holding has acquired 5% of its shares.

-- Ørsted closes purchase of Brookfield Renewable's Irish and UK onshore wind ops

Danish energy group Ørsted A/S (CPH:ORSTED) said it has completed the acquisition of Brookfield Renewable Ireland (BRI), the onshore wind business in Ireland and the UK of Brookfield Renewable Partners LP (NYSE:BEP).