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Weekly renewables M&A round-up (Mar 18-24)

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March 25 (Renewables Now) - Renewables Now covered M&A stories related to Boralex, Renova and Oxford PV over the past seven days. Below is the full list of deals:

-- Shenzhen Expressway to buy Chinese wind turbine maker

Chinese toll highways and roads builder Shenzhen Expressway Co Ltd (HKG:0548) plans to take control of Nanjing Wind Power Technology Co Ltd to grow its own environmental protection business, it was announced.

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-- Aquila Capital boosts Iberian presence with 700-MW wind, solar buy

Investment company Aquila Capital has purchased a portfolio of project rights for over 700 MW of fresh wind and solar power capacity in Spain.

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-- Boralex to leave Dunkirk offshore wind bidding consortium

Canada’s Boralex (TSE:BLX) has decided to exercise an option to sell its interest in the Vents de Dunkerque consortium -- one of the tie-ups vying for the 500-MW offshore wind zone off the coast of Dunkirk, northern France.

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-- Highview, TSK form JV to build GWh-scale cryogenic storage

UK firm Highview Power and Spanish engineering company TSK have agreed to form a joint venture (JV) to develop long-duration energy storage projects in Spain, the Middle East and South Africa.

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-- Japan's Renova attracts co-investor for 700-MW offshore wind project

Japanese electric utility Tohoku Electric Power Co Inc (TYO:9506) has bought a stake of an undisclosed size in a 700-MW offshore wind project that is being developed by Renova Inc and partners.

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-- ADB to invest USD 50m in Indian solar developer Avaada Energy

The Asian Development Bank (ADB) has agreed to invest USD 50 million in Avaada Energy Private Limited (AEPL) to aid the Indian renewables developer in expanding solar power generating capacity.

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-- Navisun buys 14.3-MW solar portfolio in Massachusetts

US solar power producer Navisun LLC said that it has bought a 14.3-MW community solar project portfolio in Massachusetts from Clean Energy Collective (CEC) for an undisclosed sum.

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-- Finerge buys 19 MW of wind parks in Portugal

Portuguese wind power company Finerge has bought two wind farms with a combined capacity of 18.9 MW from local industrial group Martifer SGPS SA (ELI:MAR) and SPEE.

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-- Madison Energy eyes 550 MW of fresh solar with Stonepeak's help

New York-based Madison Energy Investments LLC plans to develop at least 550 MW of solar power capacity under a funding partnership with infrastructure investor Stonepeak Infrastructure Partners.

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-- Eurus invests in Windlab's 1.65-GW African wind portfolio

Japan’s Eurus Energy Holdings has taken a 25% stake in the South African subsidiary of Aussie renewables developer Windlab Ltd (ASX:WND) and will assist it in the development of its 1,650-MW portfolio of wind projects.

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-- EDF buying majority stake in 77 MW of Chinese DG solar

EDF Renewables today said it has purchased a majority stake in a 77.1-MWp portfolio of rooftop solar plants in China from its joint venture (JV) partner Asia Clean Capital (ACC).

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-- Meyer Burger, Oxford PV plan HJT and perovskite tandem solar marriage

Swiss solar industry supplier Meyer Burger Technology AG (SWX:MBTN) will become the largest shareholder in Oxford Photovoltaics Ltd as part of a new partnership that aims at combining their respective solar technologies.

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-- Serbia's NIS, Swiss-based MET join forces in wind farm project

Switzerland-based MET Group said its wholly-owned subsidiary MET Renewables and Serbian oil and gas group NIS [BEL:NIIS] have set up a joint venture for the construction of a 102 MW wind farm in northern Serbia.

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-- SUSI Partners buying 14.4-MW Danish wind park from Eurowind

Swiss asset manager SUSI Partners AG unveiled plans to buy a 14.4-MW wind farm in Denmark from domestic developer Eurowind Energy.

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-- SPI Energy buys 2 MW of solar capacity in Greece

Hong Kong-headquartered SPI Energy Co Ltd (NASDAQ:SPI) announced it has acquired the owner of a 1.998-MW solar photovoltaic (PV) portfolio in Greece.

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-- Renova okays new AES Tiete bid for 400-MW Brazilian wind park

Renova Energia SA (BVMF:RNEW11) announced that its board of directors has approved a new acquisition proposal made by local firm AES Tiete Energia SA for the roughly 400-MW Alto Sertao III wind farm.

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-- Light Energia, Cemig eye buyout of Brazil's Renova

Brazilian energy company Light SA (BVMF:LIGT3) approved the purchase of a stake in local renewables developer Renova Energia SA (BVMF:RNEW11) alongside Cemig SA (BVMF:CMIG4).

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-- European Energy unloads part of 18-MW wind farm to Aquila

Denmark’s European Energy A/S said it has closed the sale of a portion of an 18-MW wind farm in Denmark to German alternative investment manager Aquila Capital for an undisclosed sum.

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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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