Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week May 7 - May 13:
-- Grupo T-Solar to buy 5.6 MW of PV plants in Spain
Spanish solar power producer Grupo T-Solar has agreed to buy three operating solar photovoltaic (PV) plants at home with a combined capacity of 5.6 MW.
Read more
-- E.on to acquire Vortex Energy's German onshore wind activities
A subsidiary of German utility E.on SE (ETR:EOAN) is acquiring the local activities of Kassel-based onshore wind projects developer Vortex Energy for an undisclosed sum.
Read more
-- Lightsource BP makes IoT acquisition
UK-based solar and smart energy solutions firm Lightsource BP said it has acquired Internet of Things (IoT) specialist Ubiworx Systems of Ireland.
Read more
-- Greencoat UK Wind to raise capital, lift stake in Scottish wind farms
Greencoat UK Wind plc (LON:UKW) announced it plans an up to GBP-118.8-million share offering, seeking to raise funds to further lift its shareholding in the Clyde wind farms in Scotland.
Read more
-- SunPower cuts Q1 loss, looking to sell NA power plant development assets
SunPower Corp (NASDAQ:SPWR) announced a sequential reduction of its first-quarter (Q1) net loss, new forecasts for both the second quarter and full year, and plans to shed its North American power plant development assets.
Read more
-- Brazil's Neoenergia seeks arbitration against M&A target Eletropaulo
Neoenergia SA, one of the suitors looking to buy Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3), has requested arbitration proceedings against the target over a cancelled share offering.
Read more
-- Enbridge monetises USD 1.3bn of renewables, incl German offshore wind
Canada-based energy infrastructure company Enbridge Inc (TSE:ENB) said it has agreed to sell 49% of its interests in certain renewable power assets to the Canada Pension Plan Investment Board (CPPIB) for CAD 1.75 billion.
Read more
-- SolarEdge posts record Q1 profits, agrees to buy Israeli UPS firm
Photovoltaic (PV) inverters supplier SolarEdge Technologies Inc (NASDAQ:SEDG) posted record first-quarter (Q1) revenues and profitability, and also announced an acquisition in the field of Uninterruptible Power Supply (UPS).
Read more
-- ContourGlobal closes buy of Acciona's Spanish CSP portfolio
ContourGlobal Plc (LON:GLO) said it has completed its near-EUR-1-billion acquisition of Acciona SA's (BME:ANA) 250-MW solar thermal power portfolio in Spain.
Read more
-- Renova, Brookfield fail to close deal on Brazilian wind assets
Brazilian renewables firm Renova Energia SA (BVMF:RNEW11) announced it has ended negotiations with Brookfield Energia Renovavel regarding the potential sale of certain wind assets, without reaching a deal.
Read more
-- Alstom to offload stake in renewables JV with GE
French transport systems group Alstom (EPA:ALO) said today it has agreed to exit its joint renewables and grid businesses by selling its interest to US partner General Electric Co (NYSE:GE).
Read more
-- Enviva sells common units to back wood pellet projects
US wood pellets supplier Enviva Holdings LP said it has offloaded certain limited partner interests in its unit Enviva Partners so as to finance projects.
Read more
-- China's State Grid still looking to buy into 50Hertz - report
IFM Investors Pty Ltd has renewed talks with State Grid Corporation of China in relation to the latter’s plan to buy the Australian infrastructure fund’s remaining 20% stake in 50Hertz Transmission GmbH, Reuters reports.
Read more
-- Innogy boards cautious about E.on bid
The executive board and the supervisory board of German renewables-focused utility Innogy SE (ETR:IGY) have both decided not to issue, at this point, any recommendation in relation to the recently launched voluntary public takeover offer by E.on SE (ETR:EOAN).
Read more
-- EDF backs Chile renewables plan with peak-demand purchase
French electric utility Electricite de France SA (EPA:EDF) has acquired gas and peak-demand capacity in Chile so it could develop more renewable energy projects in the country, it said.
Read more
-- China's CTG bids EUR 9.1bn to take control of Portugal's EDP
Chinese state-owned utility China Three Gorges Corp (CTG) said it has decided to launch a voluntary cash tender offer for the shares it does not own in Portuguese utility Energias de Portugal SA (ELI:EDP).
Read more
Choose your newsletter by Renewables Now. Join for free!
Mark Rubens/Shutterstock.com
