Weekly renewables M&A round-up (Mar 19-Mar 25)

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Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week March 19 - March 25:

-- France's Engie may shed portion of Indian solar business - report

French utility Engie SA (EPA:ENGI) intends to sell a stake in its Indian solar power business, newspaper Mint reports, quoting insiders.

-- Gas Natural to buy 83 MWp of Brazilian PV projects from Canadian Solar

Spanish utility Gas Natural Fenosa (BME:GAS) announced it has agreed to buy from Canadian Solar Inc (NASDAQ:CSIQ) two photovoltaic (PV) projects in Brazil with a combined capacity of 83 MWp.

-- OVERVIEW - Solar, wind deals climb to 9 GW in February 2018

The total of solar and wind power asset deals announced in the second month of 2018 came in at 2.8 GW, Green Dealflow says in its February transaction activity report.

-- Brazil's Queiroz Galvao nears sale of renewables arm to Mubadala - report

Brazilian diversified group Queiroz Galvao is nearing a deal to sell its renewable energy business, Queiroz Galvao Energia (QGE), to Abu Dhabi's Mubadala Development Company PJSC, Valor Economico reports.

-- German solar tiles maker Autarq gets new owner

Econnext GmbH, previously known as Econnoa GmbH, has bought a majority stake in German solar roof tiles manufacturer Autarq GmbH for an undisclosed sum.

-- ReneSola, Green City Energy launch French solar JV with 69-MW project

China’s ReneSola Ltd (NYSE:SOL) has formed a joint venture with German renewable energy group Green City Energy AG that will see the companies collaborate in the development of 69 MW of solar projects in France.

-- Japan's Geonext divesting 2-MW PV plant

Japan-based technology company Geonext Corporation said it is transfering a 1,984-kW solar photovoltaic (PV) plant to local Hikari Seiko Co Ltd.

-- Essel Infraprojects looking to offload 215 MW of solar - report

Indian company Essel Infraprojects Ltd is holding talks to divest three solar projects with a combined capacity of 215 MW, business daily Mint reports.

-- Coillte launches sale of 104 MW of wind farm stakes

Irish state-owned forestry company Coillte said it has launched a sales process for its stakes in four operating wind farms that represent a net capacity of 104 MW on an equity basis.

-- Canada’s OMERS to buy US wind farm operator Leeward

Canadian real estate, private equity and infrastructure investor OMERS Infrastructure Management Inc has agreed to buy US-based Leeward Renewable Energy LLC and its 1.7-GW portfolio of wind farms.

-- Infinergy divests 120-MW Aussie solar project

UK renewables developer Infinergy Ltd said it has unloaded a 120-MW solar project in New South Wales, Australia, for an undisclosed amount.

-- ERG closes acquisition of 16 MW of wind farms in France

Italian energy company ERG SpA (BIT:ERG) said it has completed the acquisition of a 75% stake in two wind farms in France totalling 16.25 MW.

-- Belgium's Elia ruins Chinese plans to buy stake in 50Hertz

Belgian transmission system operator (TSO) Elia System Operator NV (EBR:ELI) has chosen to exercise its pre-emption right and raise its stake in 50Hertz Transmission GmbH to 80% from 60%.

-- Mitsubishi takes part in 950-MW Moray East offshore wind project

EDP Renovaveis SA (ELI:EDPR) is selling a one-third stake in the up to 950-MW Moray East offshore wind farm project in UK waters to a unit of Japan's Mitsubishi Corp (TOKYO:8058), the parties announced.

-- Natixis' Mirova buys 25-MW shovel-ready PV project in Portugal

Mirova, a wholly-owned unit of France's Natixis Asset Management, has acquired a 25-MW construction-ready solar park project in Portugal for an undisclosed sum.

-- Marubeni becomes majority owner of US solar testing lab RETC

Japan’s Marubeni Corp (TYO:8002) has acquired a 70% stake in certification and testing company Renewable Energy Test Center LLC (RETC) in the US.

-- Spain's Greenalia buys 73 MW of wind projects

Spanish forestry and energy group Greenalia SA (BME:GRN) announced it has acquired the holding companies for five wind projects with a combined capacity of 73 MW.

-- METKA EGN sells UK solar farms to Lightsource BP

METKA EGN said it had sold four solar farms in the UK to Lightsource BP, the UK solar developer that recently tied up with oil and gas giant BP Plc (LON:BP).

-- Innogy joins 600-MW offshore wind project in Ireland

Germany’s Innogy SE (ETR:IGY) has agreed to join the 600-MW Dublin Array wind power project in Irish waters in a deal that marks its entry into the Irish offshore wind market.

-- OYA Solar unloads 28 MW of PV projects in Minnesota

Canadian photovoltaic (PV) project developer OYA Solar Inc has completed the sale of 28 MW of solar projects in Minnesota to power producer NRG Energy Inc (NYSE:NRG).

-- Spain's Grupo T-Solar agrees purchase of 100 MW of CSP

Spanish solar power producer Grupo T-Solar has struck a deal to buy two concentrated solar power (CSP) plants in Spain with a combined capacity of 100 MW.