Weekly renewables M&A round-up (March 11-17)

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March 18 (Renewables Now) - Renewables Now covered M&A stories related to Innogy, Enel and Goldwind over the past seven days. Below is the full list of deals:

-- Norway's wealth fund to move away from oil E&P investments

Norway plans to divest its USD-1-trillion Government Pension Fund Global (GPFG) from roughly 150 companies active in the exploration and production of oil and gas, it was announced.

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-- Siemens Financial takes stake in 200-MW Indian wind project

The financing arm of German industrial giant Siemens AG (ETR:SIE) has agreed to buy an equity interest of 46% in the 200-MW Poovani wind project in the Indian state of Tamil Nadu.

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-- Macquarie’s GIG, Univergy launch joint developer Nara Solar

Green Investment Group Ltd (GIG) and Spanish-Japanese renewables company Univergy International SL announced the launch of a joint platform called Nara Solar that will initially pursue the development of a 700-MW-plus solar pipeline.

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-- Genex closes buy of 50-MW solar project in Australia

Genex Power Ltd (ASX:GNX) announced it has finalised the acquisition of the 50-MW Jemalong Solar Project (JSP) in Australia.

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-- CIP to invest in 162-MW wind park in Texas

Danish fund manager Copenhagen Infrastructure Partners P/S (CIP) said it will invest in the 162.2-MW Bearkat II onshore wind farm in Texas.

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-- Bulgaria's Consulthydro mulls buying 80% of Yahinovo HPP from Centrale Hydroelectrique

Bulgaria's Consulthydro said that it is planning to acquire the remaining 80% shareholding interest in local hydro power plant (HPP) Yahinovo it does not own from Centrale Hydroelectrique de Bulgarie for an undisclosed price.

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-- Greenlink interconnector gets fresh private capital from Partners Group

Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector between Wales and Ireland in exchange for a stake in the scheme.

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-- E.on, Innogy deal may need UK antitrust clearance - report

German utility E.on's (ETR:EOAN) takeover of certain assets from domestic Innogy (ETR:IGY) could be subject to UK antitrust approval if the UK leaves the EU without reaching a deal, newspaper Rheinische Post reported.

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-- Pension trust sells stake in John Laing Enviro

The John Laing Pension Trust Ltd has sold to investors its entire stake in John Laing Environmental Assets Group Ltd (LON:JLEN) in a transaction that closed on March 13.

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-- Repsol buys stake in Valencian battery storage company

Spanish oil company Repsol SA (BME:REP) has purchased a stake in Ampere Energy SL, the Valencia-based manufacturer of residential energy storage batteries, in a bid to expand its presence in the renewable energy sector.

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-- PSEG buys 52.8-MW N Carolina solar portfolio from BayWa

PSEG Solar Source said it has acquired 52.8 MW of under-construction solar projects in North Carolina from German diversified group BayWa AG (ETR:BYW6).

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-- Brazil's CADE okays Mitsui's purchase of stake in solar co Origo

Brazil's Administrative Council for Economic Defense (CADE) approved without restrictions the acquisition by Japanese general trader Mitsui & Co Ltd (TYO:8031) of a minority stake in local solar company Ebes Sistemas de Energia SA, or Origo.

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-- Enel acquires 650 MW of US renewables from JV with GE

Italian utility Enel SpA (BIT:ENEL) has acquired 650 MW of US renewable energy assets from its equally-owned joint venture (JV) with GE Capital’s Energy Financial Services, the energy investing arm of General Electric Co (NYSE:GE).

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-- Goldwind, others help Oxford PV raise GBP 31m

UK perovskite solar firm Oxford PV has raised GBP 31 million following the first close of its Series D funding round, it announced.

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-- Epuron sells to Tilt 1-GW wind project in New South Wales

Australian developer Epuron Pty Ltd has offloaded its up to 1-GW Liverpool Range Wind Farm project in New South Wales to New Zealand-based Tilt Renewables Ltd (NZE:TLT) for an undisclosed sum.

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-- Falck acquires 59.5 MW of French wind plants

Italy-based company Falck Renewables SpA (BIT:FKR) announced it has completed the acquisition of a 59.5-MW wind portfolio in France.

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-- Brazil's GranBio acquires US biomass power businesses

Brazilian industrial biotechnology company GranBio said it has taken over a couple of biorefineries in the US along with an associated research and development (R&D) centre and other assets.

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-- Engie takes control of Swiss energy solutions provider Tiko

French utility Engie SA (EPA:ENGI) has purchased a majority stake in Swiss energy management systems provider Tiko Energy Solutions AG.

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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.

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