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Weekly renewables M&A round-up (May 18-22)

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May 22 (Renewables Now) - Renewables Now covered M&A stories related to KKR, TenneT, BlackRock and others over the past week. Below is the full list of deals:

-- Azure solar portfolio of 400 MW attracts KKR, others - report

A number of investors, including KKR & Co Inc (NYSE:KKR), are holding early discussions for the potential acquisition of a 400-MW solar project portfolio in India from Azure Power Global Ltd (NYSE:AZRE), The Economic Times (ET) reports.

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-- Fortum wraps up sale of majority in 500-MW Nordic wind portfolio

Finnish utility Fortum Oyj (HEL:FORTUM) has finalised the sale to funds advised by Credit Suisse Energy Infrastructure Partners (CSEIP) of a majority stake in a 500-MW wind asset portfolio in the Nordics.

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-- France's Total to add gas-fired capacity to solar ambitions in Spain

French oil and gas major Total SA (EPA:FP) has agreed to acquire two gas-fired combined cycle power plants and a 2.5-million strong customer base in Spain from Portuguese utility Energias de Portugal SA (ELI:EDP).

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-- Brazil's Eneva abandons ambitions for merger with AES Tiete

Brazilian energy company Eneva SA (B3:ENEV3) has decided for now to not make any new takeover bids for peer AES Tiete Energia SA (B3:TIET11), according to CEO Pedro Zinner.

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-- Excelsior buys 6.3-MW solar portfolio in Minnesota

US renewable energy infrastructure investor Excelsior Energy Capital announced the purchase of a portfolio of solar projects with a combined capacity of 6.3 MW in Southern Minnesota from Nokomis Energy.

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-- Swedish services co Bravida takes control of Finnish solar business

Nordic end-to-end servicing and installation provider Bravida Holding AB (STO:BRAV) is entering the Finnish solar power sector by taking control of a local business with a turnover of EUR 9.3 million.

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-- Germany negotiating stake buy in TenneT with Dutch govt

The German government could buy a minority stake in Tennet Holding BV, the transmission system operator (TSO) that is owned by the Dutch Ministry of Finance but has activities in both the Netherlands and Germany.

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-- Greencoat Capital to buy 156 MW of solar projects from BlackRock, Lightsource

UK asset management firm Greencoat Capital LLP announced an agreement to purchase a solar portfolio with a capacity of 156 MW from BlackRock Real Assets and Lightsource BP.

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-- TC Energy invests in WindRiver's 75-MW pumped storage project

Canadian energy company TC Energy Corp (TSE:TRP) has completed an equity investment in Turning Point Generation (TPG), which owns a 75-MW pumped storage hydroelectric project in Alberta, Canada.

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-- Southern Power buys from Invenergy 56-MW wind park in West Virginia

US wholesale energy provider Southern Power has acquired a majority stake in Chicago-based Invenergy LLC's 56-MW Beech Ridge II wind park in West Virginia.

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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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