Weekly renewables M&A round-up (May 27-June 2)

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June 3 (Renewables Now) - Renewables Now covered M&A stories related to Facebook, Continuum Wind, Enel and others over the past 10 days. Below is the full list of deals:

-- CEZ plans to sell assets in Romania, Bulgaria, Poland, Turkey - report

The CEO of Czech energy group CEZ said that it is planning to sell its assets in Romania, Bulgaria, Poland and Turkey, Czech media reported.

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-- Fortum, Nordkraft upgrade partnership with Norwegian wind power JV

Finnish state-owned energy company Fortum Oyj (HEL:FORTUM) has set up a joint venture (JV) with Norwegian peer Nordkraft to develop wind projects in Norway.

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-- Lietuvos Energija buys 94-MW Polish wind project

Lithuania’s state-owned Lietuvos Energija has acquired Pomerania Invall Sp, the owner of a 94-MW wind project in Poland from Spanish firm IGE.

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-- CADE okays Energisa's acquisition of renewable DG co Alsol

Brazil's antitrust regulator Cade has approved, without restrictions, the acquisition of local distributed generation (DG) firm Alsol Energias Renovaveis SA by electricity distributor Energisa SA (BVMF:ENGI3).

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-- Encavis sells part of German wind farms, upgrades 2019 outlook

German wind and solar park operator Encavis AG (ETR:CAP) has sold a 49% shareholding in a portfolio of German wind farms for EUR 24 million, it said.

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-- BayWa buys Forsa Energy's 350-MW UK onshore wind platform

The renewables arm of German diversified group BayWa AG (ETR:BYW6) announced it has taken over the UK renewable energy business of Forsa Energy Ltd, including a 350-MW pipeline of Scottish onshore wind projects.

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-- Globeleq buys 80 MW of Brookfield's wind, solar parks in S Africa

Independent power producer (IPP) Globeleq has completed the acquisition of four South African renewable energy plants totalling 80 MW from an affiliate of Brookfield Asset Management Inc (TSE:BAM.A).

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-- Brookfield nears acquisition of 50% in Spanish solar co X-Elio - report

Canada's Brookfield Asset Management Inc (TSE:BAM.A) is getting closer to agreeing the purchase of a 50% stake in Spanish solar developer and operator X-Elio, Reuters reported.

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-- Goldwind sells 20-MW Montana wind farm to Potentia Renewables

Goldwind Americas has sold the 20-MW Musselshell wind farm in Montana to Canada’s Potentia Renewables Inc, the unit of Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) said.

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-- Israel's Enlight expands portfolio with 113-MW Swedish wind buy

Enlight Renewable Energy Ltd (TLV:ENLT) has agreed to purchase a 113-MW shovel-ready wind project in Sweden, planning to start initial construction works immediately.

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-- Facebook provides tax equity financing for 379-MW solar project in Texas

US renewables developer Longroad Energy announced it has reached financial close on a 379-MW solar project in Texas after receiving a tax equity investment from Facebook (NASDAQ:FB).

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-- Duke Energy buys 60-MW under-construction solar project in Colorado

Duke Energy Renewables, part of US utility Duke Energy (NYSE:DUK), has bought the development assets related to a 60-MW solar project in Colorado from Juwi Americas for an undisclosed amount.

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-- Fortum, Skelleftea Kraft to swap stakes in 2 Swedish wind farms

Finnish utility Fortum Oyj (HEL:FORTUM) plans to take full control of one Swedish wind project while exiting another in an asset swap transaction that will not lead to a significant change in owned capacity.

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-- Shell, Statkraft bidding for Continuum Wind - report

Royal Dutch Shell Plc (AMS:RDSA) and Norwegian state-owned utility Statkraft AS are among the companies looking to buy Singapore-based and India-focused Continuum Wind Energy Ltd, Mint reports, quoting two sources.

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-- Enel closes sale of 540 MW of renewables to China's CGNEI

Italian utility Enel SpA (BIT:ENEL) announced it has closed the sale of 540 MW of Brazilian renewable energy plants to Chinese company CGN Energy International Holdings Co Ltd.

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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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