Weekly renewables M&A round-up (March 4-10)

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March 11 (Renewables Now) - Renewables Now covered M&A stories related to NextEra Energy Partners, Geronimo Energy and E.on over the past seven days. Below is the full list of deals:

-- Axium buys half of 101-MW Ontario solar portfolio

Canadian fund manager Axium Infrastructure Inc said that it has closed the acquisition of a 50% stake in a 101-MW DC solar portfolio in Ontario from Japanese conglomerate Mitsubishi Corporation (TYO:8058).

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-- KKR to buy into 1.2-GW renewables portfolio by NextEra

NextEra Energy Partners LP (NYSE:NEP) announced it will buy interests in a 611-MW portfolio of contracted US wind and solar projects for a total of USD 1.02 billion and then create a new, larger platform with participation from KKR (NYSE:KKR).

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-- SoftBank backs Swedish solar cell maker Exeger with USD 10m

Japanese conglomerate SoftBank Group Corp (TYO:9984) announced it will invest USD 10 million in Swedish solar cells maker Exeger Operations AB as part of a new partnership.

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-- BluEarth buys 22.9MW of under-construction solar assets in US

Canadian renewable power producer BluEarth Renewables LP has acquired a 22.9-MW portfolio of under-construction solar projects in the US, planned to be switched on this year.

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-- AIMCo takes lion's share in Spanish wind, solar co Eolia Renovables

Canada's Alberta Investment Management Corp (AIMCo) said it has closed the acquisition of an over 90% stake in Spanish renewable power producer Eolia Renovables de Inversiones SCR SA.

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-- Zurich's EWZ buys 95-MW wind project in Norway

Norsk Vind Energi AS announced that it has sold a 95-MW pre-construction wind project in Norway to Zurich utility EWZ.

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-- UK’s Good Energy to invest in EV charging stations app

Good Energy Group Plc (LSE:GOOD) has announced a strategic investment and the acquisition of a majority stake in Next Green Car Ltd (NGCL), the developer of charging station locator app Zap-Map.

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-- National Grid to buy Geronimo and US wind, solar projects

National Grid (LON:NG), the UK electricity and gas utility, said it has agreed to acquire US wind and solar developer Geronimo Energy in a USD-100-million deal.

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-- EC opens in-depth investigation into E.on, Innogy deal

The European Commission opened an in-depth investigation into German utility E.on's (ETR:EOAN) takeover of certain assets from domestic Innogy (ETR:IGY), saying the transaction may lead to higher prices for consumers.

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-- Solar shingle maker RGS Energy mulling strategic alternatives

RGS Energy (NASDAQ:RGSE), a US solar installer and the maker of the Powerhouse solar shingles, is considering a sell-off, a merger or a strategic investment financing as possible options to enhance shareholder value.

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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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