Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMarch 26 (Renewables Now) - Renewables Now covered M&A stories about BayWa, Eni, Northland and others over the past week. Below is the full list:
-- Adani Green to buy 50-MW Indian solar park from SkyPower
Indian renewables developer Adani Green Energy Ltd (BOM:541450), or AGEL, has struck a definitive agreement to buy the owner of a 50-MW solar park in the state of Telangana from Canada’s SkyPower Global.
-- Brazil's Susten Energia acquires 10 MW of solar power
Brazilian renewable energy company Susten Energia has recently acquired a photovoltaic (PV) park portfolio of 10 MW in Minas Gerais state.
-- EIP funds buying 49% of Germany's BayWa r.e.
Unnamed funds advised by the Swiss investor Energy Infrastructure Partners (EIP) will take 49% of Germany’s BayWa r.e. renewable energy GmbH by making an equity contribution totalling EUR 530 million.
-- Downing Renewables adds 96 MWp of UK solar to seed portfolio
Downing Renewables & Infrastructure Trust Plc (LON:DORE) announced it has closed the acquisition of a 96-MWp portfolio of solar power plants in the UK for GBP 42 million.
-- Eni to acquire biogas company with 21 plants in Italy
Oil and gas major Eni SpA (BIT:ENI), through its circular economy subsidiary Ecofuel, has agreed to buy an Italian biogas company from FRI-EL Greenpower, a Gostner family holding.
-- Chariot Oil & Gas to buy African renewables partner of Total Eren
Chariot Oil & Gas Ltd (LON:CHAR) has signed a deal to buy Africa Energy Management Platform (AEMP), a developer of renewable and hybrid energy projects with a focus on African mining sites.
-- Adani Green to buy 75 MW of solar parks from Sterling & Wilson
Adani Green Energy Ltd (BOM:541450), or AGEL, said it has signed a deal to buy two operational solar power plants in the Indian state of Telangana with a total capacity of 74.94 MW.
-- Opdenergy takes back control of 150 MW PV portfolio in Spain
Renewables developer Opdenergy has finalised the buy-back of three solar photovoltaic (PV) farms totalling 150 MW in Spain.
-- Israel's Noy Fund, Nofar Energy to invest in 235.5-MW PV project in Spain
Israel’s Noy Infrastructure & Energy Investment Fund and green tech firm Nofar Energy Ltd (TASE:NOFR) have signed an agreement to acquire 90% of the stock of a company that holds a 235.5-MW two-phase solar photovoltaic (PV) project in Spain.
-- Green Plains concludes USD-64m sale of ethanol plant in Nebraska
Green Plains Inc (NASDAQ:GPRE) said it has wrapped up the sale of its ethanol plant in Ord, Nebraska, for USD 64 million, plus working capital.
-- ReneSola sells 15.4 MW solar parks in Romania to Alternus for 24 mln euro
US-based solar energy project developer ReneSola Power said that it has completed the sale of two ground-mounted solar parks in Romania with a total capacity of 15.4 MW to European independent power producer (IPP) Alternus Energy Group for 24 million euro.
-- World Wind & Solar buys turbine maintenance specialist A & A Wind Pros
Kansas-based service provider World Wind & Solar (WWS) announced that Oklahoma-based wind services company A & A Wind Pros Inc has become a part of its business.
-- Northland officially enters 1.2-GW Polish offshore wind project
A unit of Canada’s Northland Power Inc (TSE:NPI) has formally subscribed for the shares of Baltic Power, a Polish vehicle through which oil refiner PKN Orlen (WSE:PKN) is developing an up to 1.2-GW offshore wind project in the Baltic Sea.
-- NESF moves ahead on 2 UK solar projects to reach 150-MWp zero-subsidy target
NextEnergy Solar Fund Ltd (LON:NESF) said it has reached its 150-MWp subsidy-free development target after a decision to invest in two solar projects from its development portfolio.
-- Octopus Energy eyes 2.8-GW expansion via Octopus Renewables buy
UK-based Octopus Energy Group has agreed to buy sister company Octopus Renewables, thus taking hold of a clean energy portfolio with around 2.8 GW of assets in Europe.
-- Dhamma Energy becomes 100% owner of 12-MWp solar park in France
Madrid-based solar developer Dhamma Energy said it has purchased the 50% it did not own in the 12-MWp Lanas photovoltaic (PV) park in France.
-- Edelweiss, Engie complete 1st stage of Indian solar deal
Edelweiss Infrastructure Yield Plus Fund (EIYP) has acquired a stake in the 813-MWp portfolio of solar assets in India of French utility Engie SA (EPA:ENGI), the first stage in a transaction that will see it own 74% of the portfolio in total.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST