Weekly renewables M&A round-up (May 23-27)

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May 27 (Renewables Now) - Renewables Now covered M&A stories about Simens Gamesa, TotalEnergies, Johnson Matthey, Borrego and others in the past week. Below is the full list:

-- Bluefield Solar buys 80 MW of consented BESS projects in UK

Bluefield Solar Income Fund Ltd (LON:BSIF) said it has acquired 80 MW of ready-to-build battery energy storage projects in England in a deal worth GBP 4.5 million.

Read more: https://renewablesnow.com/news/bluefield-solar-buys-80-mw-of-consented-bess-projects-in-uk-785537/

-- Siemens Energy bids EUR 4bn to take full control of Siemens Gamesa

Munich-based Siemens Energy AG (ETR:ENR) is offering EUR 18.05 per share in cash to acquire the 32.9% interest it does not already own in Siemens Gamesa Renewable Energy SA (BME:SGRE) in a bid to stop the "deteriorating situation" at the Spain-based wind turbine maker.

Read more: https://renewablesnow.com/news/siemens-energy-bids-eur-4bn-to-take-full-control-of-siemens-gamesa-785539/

-- Axpo selling 65.5-MW French wind farm quartet to Greencoat

Switzerland-based Axpo Holding AG said it has agreed to sell a 65.5-MW portfolio of wind farms in France to Irish infrastructure investment firm Greencoat Renewables Plc (LON:GRP).

Read more: https://renewablesnow.com/news/axpo-selling-655-mw-french-wind-farm-quartet-to-greencoat-785705/

-- Comerc to acquire 28.5-MWp of solar DG power in Brazil

Brazilian power trading company Comerc Participacoes SA (B3:COMR3) announced it has signed an agreement to acquire 28.5 MWp of solar distributed generation (DG) plants in the state of Minas Gerais.

Read more: https://renewablesnow.com/news/comerc-to-acquire-285-mwp-of-solar-dg-power-in-brazil-785716/

-- Masdar to buy into BP's large Teesside green hydrogen project in UK

UAE-based renewable energy company Masdar will buy an unspecified stake in BP Plc’s (LON:BP) HyGreen Teesside project in the North East of England that will create a complex for the production of green hydrogen of up to 500 MWe.

Read more: https://renewablesnow.com/news/masdar-to-buy-into-bps-large-teesside-green-hydrogen-project-in-uk-785739/

-- Spain's emerging player EiDF to buy 2nd power retailer

Spanish solar energy group Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) has agreed to acquire a Barcelona-based power retailer as part of its ongoing effort to stack its various activities in the renewables sector vertically.

Read more: https://renewablesnow.com/news/spains-emerging-player-eidf-to-buy-2nd-power-retailer-785760/

-- BluEarth buys 1-GW wind, solar development project in Colorado

Canadian independent power producer (IPP) BluEarth Renewables Inc said it has acquired a 1-GW wind and solar development project in Colorado from developer NorthRenew Energy LLC.

Read more: https://renewablesnow.com/news/bluearth-buys-1-gw-wind-solar-development-project-in-colorado-785784/

-- CS Energy eyes stake in EDF Renewables' 230-MW Aussie wind project

EDF Renewables, a unit of French utility EDF (EPA:EDF), has joined forces with Queensland government-owned CS Energy to work on the development of the 230-MW Banana Range wind farm project in Australia.

Read more: https://renewablesnow.com/news/cs-energy-eyes-stake-in-edf-renewables-230-mw-aussie-wind-project-785810/

-- Bulgaria's Monbat to sell German battery cell unit to UK Britishvolt

Bulgarian battery manufacturer Monbat [BUL:MONB] said it has agreed to dispose of its German-based lithium-ion subsidiary Monbat Holding GmbH to UK battery cell technology company Britishvolt at an overall valuation of 36 million euro.

Read more: https://renewablesnow.com/news/bulgarias-monbat-to-sell-german-battery-cell-unit-to-uk-britishvolt-785828/

-- TotalEnergies to buy 50% of Clearway for cash and SunPower interest

French multi-energy group TotalEnergies SE (EPA:TTE) has agreed to buy a 50% stake in US renewables developer Clearway Energy Group (CEG) and thus gain access to a 7.7-GW portfolio of operational wind and solar parks in the US.

Read more: https://renewablesnow.com/news/totalenergies-to-buy-50-of-clearway-for-cash-and-sunpower-interest-785832/

-- Johnson Matthey to invest EUR 20m in electrolyser maker Enapter

British speciality chemicals and sustainable technologies company Johnson Matthey Plc (LON:JMAT), or JM, will invest EUR 20 million in electrolysers maker Enapter AG (ETR:H2O) as part of a new strategic partnership between the two.

Read more: https://renewablesnow.com/news/johnson-matthey-to-invest-eur-20m-in-electrolyser-maker-enapter-785942/

-- Blue Elephant buys 10-MWp shovel-ready Dutch PV project from Greencells

German solar and wind farm operator Blue Elephant Energy AG has acquired a 10-MWp ready-to-be-built solar park in the Netherlands, expanding its portfolio in the country to 631 MWp.

Read more: https://renewablesnow.com/news/blue-elephant-buys-10-mwp-shovel-ready-dutch-pv-project-from-greencells-785960/

-- Borrego to offload solar, storage development business to ECP

Solar and energy storage developer and EPC provider Borrego intends to spin off and sell its development business together with its 8.4-GW portfolio of photovoltaic (PV) and 6.4 GW/25 GWh of energy storage projects.

Read more: https://renewablesnow.com/news/borrego-to-offload-solar-storage-development-business-to-ecp-785983/

-- Johnson Matthey to sell battery materials business to EV Metals

Johnson Matthey Plc (LON:JMAT), or JM, has agreed to sell a portion of its Battery Materials business to chemicals and cathode active materials producer EV Metals Group Plc (EVM) for GBP 50 million in cash plus a minority equity stake in the buyer.

Read more: https://renewablesnow.com/news/johnson-matthey-to-sell-battery-materials-business-to-ev-metals-785988/

-- Swiss PKZH buys stake in 48.9 MWp solar park in Portugal

The City of Zurich Pension Fund (PKZH) has acquired a 49.5% interest in a 48.9-MWp solar park in southern Portugal from its strategic partner, Swiss utility company EKZ.

Read more: https://renewablesnow.com/news/swiss-pkzh-buys-stake-in-489-mwp-solar-park-in-portugal-785998/

-- UK Centrica agrees sale of Mexican distributed generation unit

UK energy services company Centrica Plc (LON:CNA) has agreed to sell a Mexico-based distributed generation subsidiary to Canadian renewable energy generation projects developer ReVolve Renewable Power Corp (TSXV:REVV) for MXN 33 million.

Read more: https://renewablesnow.com/news/uk-centrica-agrees-sale-of-mexican-distributed-generation-unit-786171/

-- Waaree Energies cleared to buy solar cell maker Indosolar

Indian solar product maker Waaree Energies Ltd has received regulatory clearance for the proposed acquisition of insolvent domestic sector player Indosolar Ltd.

Read more: https://renewablesnow.com/news/waaree-energies-cleared-to-buy-solar-cell-maker-indosolar-786214/

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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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