Renewables Now covered M&A stories related to AES Tiete, Windlab, Pattern Energy, Q Cells and others over the past week. Below is the full list of deals:
-- Total eyes stake in 1.1-GW UK offshore wind project - report
French oil and gas giant Total SA (EPA:FP) has made it to the final round of bidding for a stake in the 1,075-MW Seagreen wind project in the Scottish part of the North Sea, Bloomberg reports, quoting informed people.
Brazilian energy company Eneva SA (B3:ENEV3) has sent a binding cash-and-stock proposal for a merger with local peer AES Tiete Energia SA (B3:TIET11) that would result in the creation of a "giant in the generation sector."
Australian wind farm development and management firm Windlab Ltd (ASX:WND) announced an agreement to be acquired by investment vehicle Wind Acquisition 1 Pty Ltd and Squadron Wind Energy Development Pty Ltd for AUD 1.0 per share in cash.
-- Proxy advisory firms recommend rejection of Pattern Energy deal
Two of the three leading proxy advisory firms recommend that the shareholders of Pattern Energy Group Inc (NASDAQ:PEGI) vote against the company’s agreed takeover by Canada Pension Plan Investment Board (CPPIB).
-- Pacific Ethanol to dispose of majority stake in Pacific Aurora
US ethanol producer Pacific Ethanol Inc (NASDAQ:PEIX) said it has agreed to sell its majority stake in Pacific Aurora LLC to its partner in the ethanol venture, Aurora Cooperative Elevator Company, for USD 52.8 million.
-- John Laing ditches wind, solar on limited value creation potential
UK-based infrastructure investor John Laing Group Plc (LON:JLG) will cease investing in standalone wind and solar projects globally but it is looking at other infrastructure opportunities created by the energy transition.