Renewables Now covered M&A stories about Brookfield, Engie, OX2, and others in the past week. Below is the full list:
-- EQT unit to take control of German Tion Renewables
Swedish private equity firm EQT AB (STO:EQT) has reached an agreement to take a controlling 82.1% stake in German renewables company Tion Renewables AG (ETR:TION) in a deal that implies a total equity value of EUR 150 million (USD 161.2m).
Read more: https://renewablesnow.com/news/eqt-unit-to-take-control-of-german-tion-renewables-818512/
-- Spruce Power adds 22,500 solar customer contracts to portfolio
US distributed generation (DG) solar systems owner and operator Spruce Power has made its largest inorganic growth investment so far, the purchase of about 22,500 residential solar contracts under which customers buy clean electricity generated by rooftop solar home power systems.
Read more: https://renewablesnow.com/news/spruce-power-adds-22500-solar-customer-contracts-to-portfolio-818522/
-- Alpiq inks deal to sell 72.5-MW wind farm, subsidiaries in Bulgaria
Swiss power company Alpiq is selling a 72.5-MW wind farm and two subsidiaries in Bulgaria for an undisclosed price in an effort to sharpen its focus on core markets.
Read more: https://renewablesnow.com/news/alpiq-inks-deal-to-sell-725-mw-wind-farm-subsidiaries-in-bulgaria-818551/
-- Engie buys another 50-MW Scottish battery project
France’s Engie SA (EPA:ENGI) has acquired a 50-MW ready-for-construction battery energy storage project in Scotland’s South Lanarkshire council area, the power utility said on Tuesday.
Read more: https://renewablesnow.com/news/engie-buys-another-50-mw-scottish-battery-project-818597/
-- Brookfield eyes USD-13.4bn renewables spree after Origin deal
Brookfield Asset Management Inc (TSE:BAM.PF.F), along with institutional partners and investors, has agreed to buy the energy markets business of Australia’s Origin Energy Ltd (ASX:ORG) in a deal paving the way for over AUD 20 billion (USD 13.37bn/EUR 12.36bn) of investments in renewables and storage.
Read more: https://renewablesnow.com/news/brookfield-eyes-usd-134bn-renewables-spree-after-origin-deal-818602/
-- Singapore’s Twenty20 Energy buys geothermal project in Germany
Singaporean energy firm Twenty20 Energy has unveiled the acquisition of Petra Energy Holding Sarl which owns a geothermal project in southern Germany.
Read more: https://renewablesnow.com/news/singapores-twenty20-energy-buys-geothermal-project-in-germany-818619/
-- Electrica buys owner of 27-MW shovel-ready solar project in Romania
Romanian state-controlled electricity distribution group Societatea Energetica Electrica SA (BSE:EL), better known as Electrica, has wrapped up the acquisition of Sunwind Energy Srl, the developer of a 27-MW solar project in northwestern Romania.
Read more: https://renewablesnow.com/news/electrica-buys-owner-of-27-mw-shovel-ready-solar-project-in-romania-818607/
-- EEW sheds 42-MWdc solar project in Sweden
UK solar project developer EEW Eco Energy World Limited announced its first project sale in Sweden, a 42-MWdc solar photovoltaic (PV) project in the southern part of the country which is expected to become operational in 2024.
Read more: https://renewablesnow.com/news/eew-sheds-42-mwdc-solar-project-in-sweden-818644/
-- Agilitas steps in Texas with 60-MW energy storage purchase
US solar and storage developer Agilitas Energy has agreed to acquire 60 MW of battery energy storage systems (BESS) in the Greater Houston region in a deal that marks its entry into the Houston market.
Read more: https://renewablesnow.com/news/agilitas-steps-in-texas-with-60-mw-energy-storage-purchase-818715/
-- Birch Creek buys US solar, storage platform with 5-GW pipeline
US solar project developer Birch Creek Energy LLC on Tuesday said it has acquired Foundation Solar Partners, a Washington-based sector player with a roughly 5-GW pipeline of solar and energy storage projects.
Read more: https://renewablesnow.com/news/birch-creek-buys-us-solar-storage-platform-with-5-gw-pipeline-818733/
-- Enefit Green inks deal for 1-GW offshore wind project in Gulf of Riga
Estonian renewables developer Enefit Green AS (TAL:EGR1T) has clinched a deal to acquire an offshore wind project with a targeted capacity of 1 GW in the Gulf of Riga from state-owned energy company Eesti Energia AS.
Read more: https://renewablesnow.com/news/enefit-green-inks-deal-for-1-gw-offshore-wind-project-in-gulf-of-riga-818879/
-- NKT, Walsin Lihwa form cable JV to serve Taiwan's offshore wind market
Danish cable maker NKT A/S (CPH:NKT) has signed a joint venture (JV) agreement with Taiwanese sector player Walsin Lihwa Corp (TPE:1605) provide technical support for the construction of the first subsea power cable factory in Taiwan.
Read more: https://renewablesnow.com/news/nkt-walsin-lihwa-form-cable-jv-to-serve-taiwans-offshore-wind-market-818871/
-- Spain's Magnon sells 100-MW solar project to Naturgy
Magnon Green Energy, the renewables unit of Spanish pulp producer and energy group Ence Energia y Celulosa SA (BME:ENC), has sold a 100-MW solar farm it started building in Jaen province, southern Spain.
Read more: https://renewablesnow.com/news/spains-magnon-sells-100-mw-solar-project-to-naturgy-818911/
-- PNE weighs sale of US business, makes good start to 2023
German wind power-focused renewables company PNE AG (ETR:PNE3) is considering divesting its US operations because of the high guarantees and securities companies are currently required to make in this market.
Read more: https://renewablesnow.com/news/pne-weighs-sale-of-us-business-makes-good-start-to-2023-818915/
-- OX2 inks USD 84m deal to buy renewables developer ESCO Pacific
Swedish renewables developer OX2 AB (STO:OX2) on Friday said that it is setting foot in Australia through a AUD-126-million (USD 84.3m/EUR 77.4m) deal to acquire ESCO Pacific, a local peer with a project development portfolio of 1.42 GW.
Read more: https://renewablesnow.com/news/ox2-inks-usd-84m-deal-to-buy-renewables-developer-esco-pacific-819061/
-- Nordex sets sights on green hydrogen amid cautious 2023 outlook
Nordex SE (ETR:NDX1) said on Friday it is entering the green hydrogen market to complement its core business against the background of a cautious outlook for 2023 that does not exclude an operating loss.
Read more: https://renewablesnow.com/news/nordex-sets-sights-on-green-hydrogen-amid-cautious-2023-outlook-819092/
-- Enerparc sells 193-MWp solar portfolio in Australia
German solar developer Enerparc AG has sold a solar photovoltaic (PV) portfolio in southeastern Australia with a total capacity of 193 MWp to Ingka Investments, a company part of the Netherlands-based parent group of Swedish furniture retailer Ikea.
Read more: https://renewablesnow.com/news/enerparc-sells-193-mwp-solar-portfolio-in-australia-819093/
-- Iberdrola takes over reins of renewables JV with Mapfre
Spanish utility Iberdrola SA (BME:IBE) and insurance company Mapfre SA (BME:MAP) have added three 50-MW solar farms to their joint renewable energy investment vehicle and restructured the ownership of the business.
Read more: https://renewablesnow.com/news/iberdrola-takes-over-reins-of-renewables-jv-with-mapfre-819100/
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