May 20 (Renewables Now) - Renewables Now covered M&A stories about PNE, Chevron, Siemens Gamesa, KKR and others in the past week. Below is the full list:
-- Slovakian geothermal demo gains pace with new investor on board - report
Czech power and gas distributor Energeticky a Prumyslovy Holding (EPH) has become a co-owner in a pilot geothermal project in Slovakia that is set to be scaled up in an effort to lower the country’s dependence on Russian gas.
-- Ørsted to acquire Mars-contracted wind farm in Illinois
Danish clean energy group Ørsted A/S (CPH:ORSTED) has entered into an agreement to buy the 121-MW Ford County Wind power plant in the US state of Illinois from funds managed by Ares Management Corp’s (NYSE:ARES) Infrastructure Opportunities strategy.
-- Green hydrogen developer HH2E to raise EUR 12m from UK investors
HydrogenOne Capital Growth plc (LON:HGEN) and Foresight Group LLP have agreed to acquire minority stakes in HH2E AG for a total of at least EUR 12 million to support the development of green hydrogen projects in the pipeline of the Germany-based company.
-- Enkraft raises PNE interest ahead of AGM battle with Morgan Stanley
Activist investor Enkraft has raised its ownership interest in German renewables developer PNE AG (ETR:PNE3) ahead of a meeting that will decide whether Morgan Stanley (NYSE:MS) will gain further control over the company’s supervisory board.
-- First Solar to sell Japanese platforms to PAG Real Assets
Thin-film photovoltaic (PV) modules maker First Solar Inc (NASDAQ:FSLR) has agreed to sell its 293-MW direct current (DC) utility-scale solar project development platform in Japan along with its local solar operations and maintenance (O&M) platform.
-- ACEN, Puri Usaha announce renewables JV in Indonesia
The Philippines-based AC Energy Corp (PSE:ACEN) announced that it has agreed to form a renewable energy-focused joint venture (JV) in Indonesia with domestic firm Puri Usaha Group, eyeing large-scale solar, battery energy storage and green hydrogen projects.
-- Abu Dhabi's IHC concludes USD-2bn investment in Adani cos
Abu Dhabi-based conglomerate International Holding Company PJSC (IHC) has finalised its INR-154-billion investment in a trio of Adani Group portfolio companies in India, including Adani Green Energy Ltd (BOM:541450), or AGEL.
-- REG stockholders approve USD-3.15bn acquisition by Chevron
The stockholders of Renewable Energy Group Inc (NASDAQ:REGI) have given the green light to the bio-based diesel producer’s pending USD-3.15-billion takeover by oil giant Chevron Corp (NYSE:CVX), it was announced.
-- KGAL gets access to 300-MW-plus wind, solar pipeline in Italy
German investment and asset manager KGAL GmbH & Co KG announced it has acquired a majority stake in Italian renewables developer Baltex Progetti, which has a pipeline of over 300 MW of wind and solar power projects in Italy.
-- JSW in exclusivity to buy Indian renewable power producer Mytrah - report
Indian conglomerate JSW Group has signed an exclusivity agreement to acquire Mytrah Energy India Pvt, a domestic independent renewable power producer with roughly 2 GW of capacity in operation, Mint reported.
-- Pure Hydrogen, Advik to set up hydrogen supply JV in India
Pure Hydrogen Corp Ltd (ASX:PH2), an Australian developer of hydrogen and gas projects, said it has agreed a term sheet for setting up a joint venture (JV) in India with local automotive components producer Advik Hi-Tech Pvt Ltd to be owned 49% by Pure Hydrogen and 51% by its Indian partner.