Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that were published in the week May 21 - May 27:
-- Lakehouse takes over heating and renewables co Just Energy
UK asset and energy support services group Lakehouse Plc (LON:LAKE) said it has acquired St Albans-based private sector heating and renewables specialist Just Energy Solutions Ltd (JES).
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-- Duke Energy selling 18.7 MW of small hydro in Carolinas
Duke Energy Carolinas (DEC) announced it will sell five small hydroelectric plants with a combined capacity of 18.7 MW to power producer Northbrook Energy following a competitive bidding process.
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-- EDF eyes 49% sale of 550-MW wind portfolio in UK - report
French energy group EDF is negotiating the partial sale of a 550-MW portfolio of onshore and offshore wind parks in the UK, the Financial Times reports.
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-- Trina Solar concludes acquisition of PV tracker maker Nclave
Chinese photovoltaic (PV) products maker Trina Solar Ltd said it has finalised the acquisition of Spain-based solar tracker system manufacturer Nclave Renewable SL.
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-- Pattern buys 1-GW wind project and power line development in New Mexico
Pattern Energy Group 2 LP, or Pattern Development, has acquired the 1,000-MW Mesa Canyons Wind Farm project along with the Western Spirit Transmission Line scheme in New Mexico from Clean Line Energy Partners.
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-- Atlantis completes GBP-20m placing
Atlantis Resources (LON:ARL) has raised GBP 20 million before costs from a placing.
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-- Ameren Missouri to buy 400-MW wind farm
Ameren Missouri, a unit of US power company Ameren Corp (NYSE:AEE), said it has agreed to buy a 400-MW wind farm, once constructed, to provide more renewable energy to its customers.
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-- Wave device developer Resen raises GBP 1m of VC funding
Resen Waves, the Danish developer of a small-scale wave power generator, has raised GBP 1 million through venture capital firm West Hill Capital.
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-- Antin negotiating purchase of French energy-from-waste co Idex
Private equity firm Antin Infrastructure Partners is holding exclusive talks to buy Idex, a French energy infrastructure and services firm that operates energy-from-waste facilities.
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-- Quebec's Caisse boosts Invenergy Renewables stake to 52.4%
Institutional investor Caisse de depot et placement du Quebec (CDPQ) has increased to 52.4% its economic ownership in the renewables business of Chicago-based Invenergy LLC.
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-- Solar, wind deals top 5 GW in April 2018
Deals for over 5 GW of wind and solar assets happened in April 2018, according to Green Dealflow's monthly transaction activity report.
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-- Morgan Stanley builds 5.1% stake in China's Daqo New Energy
US investment bank Morgan Stanley (NYSE:MS) has built a 5.1% stake in Chinese polysilicon and solar wafers maker Daqo New Energy Corp (NYSE:DQ).
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-- Ormat sells partnership interests in 26-MW geothermal plant
Ormat Technologies Inc (NYSE:ORA) will get up to USD 46.4 million from selling membership interests in the 26-MW Tungsten Mountain geothermal plant in Nevada.
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-- Crescendo Capital to buy solar, wind assets via new fund
Connecticut-based financial services company Crescendo Capital Partners LLC said it has closed its third infrastructure investment fund, with plans to back alternative energy assets.
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-- Ayala unit takes 50% in Aussie ops of UPC Renewables
AC Energy, the energy arm of Philippine's Ayala Corp (PSE:AC), is moving into the Australian renewables market via a joint venture with UPC Renewables.
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-- Suzlon picks bank to manage sale of 300 MW wind - report
India’s Suzlon Energy Ltd (BOM:532667) has appointed investment bank Kotak Mahindra Capital to help it sell 300 MW of wind assets housed under the company’s Skeiron Renewable Energy platform, Mint reports.
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-- Southern Power sells stake in 1.7-GW solar portfolio
Southern Power, a subsidiary of US energy company Southern Co (NYSE:SO), said it has agreed to sell a 33% stake in its 1.7-GW solar portfolio to Global Atlantic Financial Group Ltd.
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-- Wpd squashes sale reports
German wind project developer Wpd AG said that reports about a possible sale of the company are not true.
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-- Poland’s PGE seeks to acquire Polenergia
Polish power group PGE Polska Grupa Energetyczna SA (WSE:PGE) said it is willing to acquire all shares of compatriot Polenergia SA (WSE:PEP) in a move it expects to boost electricity and heat production and expand its wind portfolio.
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-- Actis eyes controlling stake in 100-MW Kenyan wind project - report
London-based buyout firm Actis LLP is looking to acquire a stake of 88% in the 100-MW Kipeto wind project in Kenya, an official has told Bloomberg.
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-- Velocys seeks strategic partners for Mississippi biorefinery
Velocys Plc (LON:VLS) will seek strategic investors for its Mississippi biorefinery project, the final investment decision (FID) for which is now expected in the second half of 2019.
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-- Statkraft buying BLP out of Indian distributed solar JV
Norwegian state-owned utility Statkraft AS has agreed to buy Bharat Light & Power Pvt Ltd (BLP) out of their distributed solar joint venture in India, it was announced.
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-- Pattern Energy selling interest in 115-MW Chilean wind farm
Pattern Energy Group Inc (NASDAQ:PEGI) said it will sell its interest in the 115-MW El Arrayan Wind project in Chile to affiliates of Arroyo Energy Investors for USD 67 million in cash.
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-- Great Plains, Westar finally win regulatory nod to merge
US power suppliers Great Plains Energy Inc (NYSE:GXP) and Westar Energy Inc (NYSE:WR) have finally received the needed regulatory nods to their planned merger and now expect to close the transaction early next month.
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-- India's ReNew Power negotiating purchase of 700 MW - report
Indian renewables company ReNew Power Ltd, which filed for an initial public offering (IPO) earlier this month, is holding talks to buy about 700 MW of assets, a senior company executive has confirmed for Mint.
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-- No new bids for Eletropaulo as court changes rules
Brazilian power distributor Eletropaulo (BVMF:ELPL3) did not receive new bids from its existing suitors on May 24 because a court order changed the rules for the bidding process, it was announced.
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-- Eni, Qatar Petroleum mull joint bid for Italy's RTR - report
Oil and gas major Eni SpA (BIT:ENI) is preparing a joint bid with Qatar Petroleum for Italian solar power producer RTR Rete Rinnovabile, which was put up for sale by Terra Firma Capital Partners Ltd earlier this year.
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