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Weekly renewables M&A round-up (May 4-8)

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May 11 (Renewables Now) - Renewables Now covered M&A stories related to Petrobras, Iberdrola, Enbridge, Siemens and others over the past week. Below is the full list of deals:

-- Neste closes purchase of US cooking oil collector Mahoney

Finnish renewable fuels producer Neste Oyj (HEL:NESTE) said it has finalised the acquisition of US-based cooking oil management services firm Mahoney Environmental Inc.

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-- Kazatomprom terminates sales deal for PV units

Kazakh uranium producer JSC NAC Kazatomprom said it has ended a conditional agreement for the sale of a 75% stake in its solar photovoltaic (PV) cell and module production activities to a consortium of strategic investors.

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-- Petrobras proceeds to next stage in 52-MW wind asset sale

Brazilian state-controlled oil and gas company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, said it has kicked off the binding phase in the sale process for its stakes in two wind farms totalling 52 MW.

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-- Hawaiian Electric to revise renewables RfP after end of talks on Lanai asset sale

The Hawaiian Electric Companies (HEC) said that it is working to revise the request for proposals (RfPs) for renewable energy and energy storage projects it issued last year for the island of Lanai after talks about the sale of its local assets fell through.

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-- Shanghai Electric, Eland JV buys 55 MW of PV parks in Italy

Spain-based solar business Tayan Energy Investment SL has acquired two photovoltaic (PV) parks totalling 55 MW in Italy, the legal advisor in the transaction Watson Farley & Williams (WFW) said.

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-- Allete raises tax equity financing for 80-MW wind park in Montana

Allete Clean Energy, the wind unit of US energy company Allete Inc (NYSE:ALE), said that at the end of April it raised tax equity financing for its 80-MW wind farm in Montana through a deal with JPM Capital Corporation.

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-- Pacific Energy buys Aussie solar, battery microgrid co Hybrid Systems

Australian power group Pacific Energy said it has acquired compatriot Hybrid Systems Australia, a renewable energy solution provider specialising in solar and battery microgrids.

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-- PPC, Motor Oil exploring 100-MW island wind project in Greece - report

PPC Renewables SA, a unit of Greek utility PPC SA (ATH:PPC), and Motor Oil Hellas (FRA:MHZ) are considering a joint venture for the construction of a 100-MW wind farm in Greece, local media report.

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-- LS Power to buy 420-MW pumped-storage hydro plant in New Jersey

US power and energy infrastructure owner LS Power Equity Advisors LLC has signed definitive agreements to acquire the Yards Creek Power Station, a 420-MW pumped-storage hydroelectric plant in New Jersey.

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-- Iberdrola to buy French wind farm co Aalto Power for EUR 100m

Spanish utility Iberdrola SA (BME:IBE) has signed an agreement to acquire French wind power company Aalto Power SAS for EUR 100.1 million.

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-- Capital Dynamics finalises 133-MW solar buy in Spain

Asset manager Capital Dynamics has finalised the acquisition of a 100% equity stake in the 133-MW Puerto Real 1 solar photovoltaic (PV) project in Spain.

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-- Plug Power eyes two acquisitions as part of green hydrogen strategy

Plug Power Inc (NASDAQ:PLUG) said it is looking to acquire two companies as part of its objective of having over 50% of hydrogen to be green by 2024.

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-- AES Tiete looking at over 1 GW of renewables for possible acquisition - report

Brazilian energy company AES Tiete Energia SA (B3:TIET11) ponders over the potential acquisition of more than 1 GW of renewable energy assets, the company's president, Italo Freitas, was quoted by Reuters as saying.

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-- Enbridge sheds part of stake in French offshore wind JV with EDF

Canadian energy company Enbridge Inc (TSE:ENB) has agreed to offload 49% of its 50% interest in the developer of three offshore wind projects in France to the Canada Pension Plan Investment Board, which operates as CPP Investments.

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-- China's Silk Road Fund closes 49% stake buy in ACWA Power RenewCo

China’s Silk Road Fund has completed the purchase of a 49% stake in the renewable energy platform of Saudi Arabia’s ACWA Power, the latter announced.

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-- Siemens intends to spin off wind technology ops

Siemens AG (ETR:SIE) unveiled a plan to merge its Wind Energy Generation unit into its technology and mechanical drive business and then spin-off and publicly list the enlarged entity.

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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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