•  
  •  
  •  

Weekly renewables M&A round-up (Mar 23-27)

Mark Rubens/Shutterstock.com

March 30 (Renewables Now) - Renewables Now covered M&A stories related Iberdrola, Eneco, AES Tiete and others over the past week. Below is the full list of deals:

-- Magnora buys into 500-MW offshore wind project in Northern Europe

Magnora ASA (FRA:4SM) has finalised a deal to buy an up to 5% stake, with an option to reach up to 50%, in an unnamed shallow-water offshore wind project of 500 MW in Northern Europe.

Read more

-- Eni, Falck formally create JV to work on 1 GW of US renewables

Italy's Falck Renewables SpA (BIT:FKR) has finalised its strategic agreement with oil and gas major Eni SpA (BIT:ENI) to jointly develop at least 1 GW of onshore wind, solar and energy storage projects in the US by end-2023.

Under the established partnership, the two companies, through their units Falck Renewables North America Inc (FRNA) and Eni New Energy US Inc (ENE US), are creating a 50/50 joint venture (JV).

Read more

-- CIP buying 350-MW solar project in Texas

An affiliate of Denmark’s Copenhagen Infrastructure Partners P/S has agreed to acquire a 350-MW solar photovoltaic (PV) project in Texas for an undisclosed sum.

Read more

-- Greencoat to buy 51.9-MW French wind portfolio from John Laing

Irish renewable infrastructure company Greencoat Renewables Plc (LON:GRP) said it has agreed to invest EUR 30.3 million to buy a portfolio of wind farms in France.

Read more

-- Aquila buys additional 9.6 MW in Svindbaek wind farm in Denmark

Aquila European Renewables Income Fund plc (LON:AERS) has finalised the purchase of the 9.6-MW Svindbaek II onshore wind farm, a three-turbine portion of the larger Svindbaek complex in Denmark.

Read more

-- Sonnedix acquires 17.7 MWp of unsubsidised Italian PV plants

Independent solar power producer Sonnedix Power Holdings Ltd said that it has acquired 17.7 MWp of Italian solar plants from a joint venture (JV) formed by Canadian Solar Inc (NASDAQ:CSIQ) and Manni Energy Srl.

Read more

-- Adani approves 2.1-GW solar JV with Total Solar Singapore

India’s Adani Green Energy Ltd (BOM:541450) has agreed to set up a joint venture (JV) with a Singaporean unit of French oil and gas major Total SA (EPA:FP) and transfer 2.1 GW of its solar projects into the new entity.

Read more

-- Foresight, Belltown form 300-MW wind JV

Private equity investment manager Foresight Group LLC has set up a joint venture with UK-based renewables developer Belltown Power Ltd to develop the latter’s over 300-MW pipeline of onshore wind projects in the UK.

Read more

-- Iberdrola mulls sale of 40% stake in Wikinger offshore wind farm - report

Iberdrola SA (BME:IBE) is looking to sell a stake of around 40% in the 350-MW Wikinger offshore wind farm in the Baltic Sea, Spanish business newspaper Expansion has reported citing sources close to the transaction.

Read more

-- Mitsubishi, Chubu complete EUR-4.1bn acquisition of Eneco

Japan’s Mitsubishi Corp (TYO:8058) and Chubu Electric Power Co Inc (TYO:9502) have completed their acquisition of Dutch energy company Eneco for a total value of EUR 4.1 billion.

Read more

-- ReneSola to shed 6.8 MW of Canadian PV projects to Grasshopper

Solar project developer ReneSola (NYSE:SOL) said it has agreed to offload a 6.8-MW portfolio of photovoltaic (PV) projects in Canada to local sector player Grasshopper Energy.

Read more

-- CUI Global to buy solar EPC firm Reach Construction

CUI Global Inc (NASDAQ:CUI) has signed a deal to acquire Reach Construction Group LLC, a US-based engineering, procurement and construction (EPC) firm specialising in utility-scale solar power installations.

Read more

-- Eneva requests 2nd meeting with takeover target AES Tiete

Brazilian energy company Eneva SA (B3:ENEV3) wants another meeting with the legal advisors of takeover target AES Tiete Energia SA (B3:TIET11) in order to present the regulatory, tax and structural details for the proposed transaction.

Read more

-- Falck closes acquisition of 10-MW Spanish wind park

Italy-based Falck Renewables SpA (BIT:FKR) announced it has completed the acquisition of the 10-MW Carrecastro wind park in Spain from ASCIA Renovables SL.

Read more

More stories to explore
Share this story
Tags
 
About the author
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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription