March 11 (Renewables Now) - Renewables Now covered M&A stories about Macquarie, Ares, LanzaTech, Albioma and others in the past week. Below is the full list:
-- Japanese trio snaps up GIG's stake in Taiwan's 1st offshore wind park
Japanese shipping company Mitsui OSK Lines Ltd (TYO:9104), or MOL, and compatriots Toho Gas Co Ltd (TYO:9533) and Hokuriku Electric Power Co (TYO:9505) will collectively buy a 25% stake in the owner of the 128-MW Formosa 1 offshore wind farm off Taiwan.
-- Ares funds lead USD-600m investment in SB Energy
Funds managed by the Infrastructure and Power strategy of Ares Management Corp (NYSE:ARES) are leading a strategic equity investment of up to USD 600 million in US renewables platform SB Energy Global LLC.
-- Spanish solar installer EiDF acquires power, gas retailer at home
Spanish solar PV installer Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) said it signed an agreement to acquire Seville-based power and gas retailer and energy efficiency consultancy Grupo ODF in a EUR-30-million deal.
-- Green Era buys USD-440m stake in Indonesian geothermal co Star Energy
Green Era Pte Ltd, a Singapore-based renewables investment arm of the Pangestu family, has closed the acquisition of a minority stake in geothermal-focused holding company Star Energy Group Holdings Pte Ltd for USD 440 million.
-- Albioma confirms holding preliminary talks with KKR
French independent renewable energy producer Albioma SA (EPA:ABIO) announced it is holding preliminary talks with KKR & Co Inc (NYSE:KKR), thus confirming a media report claiming that the private equity firm is pursuing a potential acquisition of the company.
-- Verbund buys 70% of 171 MW wind, solar portfolio in Spain
Austrian power producer Verbund AG (VIE:VER) said it has acquired 70% of a portfolio of five wind and solar projects in Spain with a combined capacity of 171 MW from local project developer Capital Energy.
Japanese oil company Eneos Corp, a unit of Eneos Holdings Inc (TYO:5020), together with compatriot Mizuho Leasing Co Ltd (TYO:8425), is investing in four solar power plants in Japan with a combined capacity of 56.9 MW.