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Weekly renewables M&A round-up (Mar 16-20)

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March 20 (Renewables Now) - Renewables Now covered M&A stories related to Pattern Energy, TerraForm Power, Total and others over the past week. Below is the full list of deals:

-- Brazil's Petrobras starts sale of 52 MW of wind assets

Brazilian state-run oil and gas giant Petrobras (BVMF:PETR4) said it is initiating the joint process of divesting its stakes in the holding companies for two wind farms totalling 52 MW.

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-- CPPIB wraps up takeover of Pattern Energy

US wind farms owner Pattern Energy Group Inc (NASDAQ:PEGI) is now a private company after its takeover by Canada Pension Plan Investment Board (CPPIB) was completed.

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-- Itochu finalises investment in energy storage firm Eguana

Japanese general trader Itochu Corp (TYO:8001) has closed its previously announced investment of CAD 5 million in Canadian energy storage systems developer Eguana Technologies Inc (CVE:EGT).

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-- EC approves new ownership of 396-MW Merkur offshore wind farm

The European Commission (EC) has cleared the acquisition of the 396-MW Merkur offshore wind farm in the German North Sea by Dutch pension fund APG and InfraRed Capital Partners.

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-- Brazil okays Votorantim, CPPIB's purchase of 419-MW wind portfolio

Brazil's Administrative Council for Economic Defense (CADE) approved without restrictions the acquisition of a 419.10-MW wind portfolio by Votorantim Energia and Canada Pension Plan Investment Board (CPPIB).

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-- Castlelake wants to buy Phase A of Alto Sertao wind complex from Renova

Renova Energia SA (BVMF:RNEW11) has received a binding proposal from US private equity firm Castlelake LP and its affiliates for the acquisition of the 438-MW Phase A of the 743-MW Alto Sertao III wind complex.

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-- Capital Power buying 100-MW wind park in Texas

Canadian power producer Capital Power Corp (TSE:CPX) has agreed to acquire the 100.5-MW Buckthorn wind farm in Texas for up to USD 69 million.

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-- Greenbacker buys rights to 15.3-MW wind project in Maine

Greenbacker Renewable Energy Co LLC said it has bought the rights to a 15.3-MW wind project in Maine that will be switched on next year.

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-- Brookfield Renewable signs definitive deal to buy out TerraForm Power

Brookfield Renewable Partners LP (NYSE:BEP) has struck a definitive agreement to buy the 38% stake it does not already own in TerraForm Power Inc (NASDAQ:TERP), the Canadian investor said.

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-- Statkraft to acquire UK EV charging business from Vattenfall

Norwegian state-owned utility Statkraft AS announced it will acquire an electric vehicle (EV) charging business in the UK from Swedish peer Vattenfall AB.

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-- Ib vogt sells 90-MW Aussie solar project to FRV

German solar developer and contactor Ib vogt GmbH has offloaded its up to 90-MW Sebastopol Solar Farm project in New South Wales, Australia, to Fotowatio Renewable Ventures (FRV).

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-- ABB closes stake purchase in Chinese EV charging tech firm

Switzerland’s ABB (VTX:ABBN) said it had finalised the acquisition of a majority stake in Shanghai Chargedot New Energy Technology Co Ltd, a Chinese company offering charging solutions for electric vehicles (EVs).

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-- Energy storage specialists RedT, Avalon seal merger deal

UK-based redT energy Plc (LON:RED) entered into a merger agreement with US peer Avalon Battery Corporation to form a financially stable energy storage expert with strong competitive advantages and a base for rapid growth.

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-- Poland's R.Power buying 8.5-MWp solar asset in Portugal

Polish solar projects developer R.Power Group has signed a deal to buy an 8.5-MWp solar farm project in the Portuguese region of Alentejo for EUR 6 million.

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-- Total buys French onshore wind developer with 1-GW portfolio

Total Quadran, the French renewable power production unit of Total SA (EPA:FP), has taken over Global Wind Power (GWP) France, which holds an onshore wind project portfolio amounting to 1,000 MW.

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-- India's GAIL looking into possible investment in ACME Solar - report

State-owned natural gas processor and distributor GAIL (India) Ltd (BOM:532155) is holding exclusive talks over a potential investment in ACME Solar Holdings Ltd, the Economic Times (ET) reports.

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-- Gresham House agrees 50-MW energy storage purchase in UK

Gresham House Energy Storage Fund Plc (LON:GRID) said it has entered a conditional agreement to buy a 50-MW battery storage project in South Yorkshire, England.

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-- Lundin farms down 50% of Finnish wind project

Norway-focused oil and gas producer Lundin Petroleum AB (STO:LUPE) has farmed-down a 50% stake in a 132-MW Finnish wind project which it fully acquired recently.

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-- Octopus buys 123 MW of ROC-accredited PV parks in UK

Octopus Renewables Infrastructure Trust plc has completed the acquisition of a 122.8-MW portfolio of solar parks in the UK operating under the country’s Renewable Obligation Certificate (ROC) scheme.

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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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