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Weekly renewables M&A round-up (Nov 1-11)

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November 12 (Renewables Now) - Renewables Now covered M&A stories related to EDP, Lietuvos Energija, Canadian Solar and Ørsted since the start of the month. Below is the full list of deals:

-- Genie Energy buys majority of US solar panels maker and installer Prism

US electricity and natural gas retailer Genie Energy Ltd (NYSE:GNE) has bought a majority stake of an undisclosed size in solar panels maker and systems installer Prism Solar Technologies.

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-- Softbank mulling investment in 500-MW PV project in India - report

SB Energy Corp, the renewable energy arm of Japan’s SoftBank Corp (TYO:9984), is expected to sign a deal to invest in a 500-MW solar project in India, being developed by Essel Infra Projects Ltd, the Economic Times reports.

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-- NTR's 2nd fund buys 38-MW UK solar portfolio

The second sustainable infrastructure fund of Irish green asset manager NTR Plc has bought a 38.4-MW solar portfolio in the UK for an enterprise value of EUR 61.3 million.

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-- Allete closes sale of 48-MW wind park to Montana-Dakota Utilities

Allete Clean Energy announced it has closed the sale of the 48-MW second phase of the Thunder Spirit wind farm in North Dakota to Montana-Dakota Utilities (MDU).

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-- Greenbacker snaps up 13.9-MW solar portfolio in N Carolina

New York-based Greenbacker Renewable Energy Company LLC said it has bought the owners of two solar projects with a combined capacity of 13.9 MW in North Carolina.

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-- CTG bids for EDP, EDPR to be made simultaneously

Portugal's Securities and Exchange Commission (CMVM) announced that the takeover bids by China Three Gorges (CTG) for Energias de Portugal SA (ELI:EDP) and its renewables arm have to be made simultaneously.

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-- Lithuania’s Lietuvos Energija to buy 50-MW wind project in Poland

Lithuania’s state-owned Lietuvos Energija has sealed a conditional agreement to buy a 50-MW wind farm project in Poland from Wento, Lietuvos Energija announced.

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-- Canadian Solar CEO's going private offer falls through

The offer by Canadian Solar Inc’s (NASDAQ:CSIQ) chairman, president and chief executive Shawn Qu to take the company private has fallen through, it was announced, although he remains interested in such a deal.

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-- Esdec buys US solar roof mounts maker EcoFasten

Dutch solar mounting systems supplier Esdec BV announced it has taken over EcoFasten Solar, a US sector player that, similar to its new owner, specialises in components for rooftop installations.

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-- BayWa invests in Israeli start-up using AI to optimise solar assets

BayWa re renewable energy GmbH, the renewables unit of German diversified group BayWa AG (ETR:BYW6), has invested in Raycatch, an Israeli start-up that has developed an artificial intelligence (AI)-based technology for solar farms.

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-- Lietuvos Energija finalises acquisition of 34-MW wind portfolio in Lithuania

Lithuania’s state-owned Lietuvos Energija has completed the acquisition of a 34-MW wind portfolio in Lithuania from domestic wind farm operator Stemma Group.

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-- Captona Partners adds to portfolio 6-MW PV farm in Rhode Island

US energy infrastructure investor Captona Partners said that it has acquired a 6-MW brownfield solar farm in Warwick, Rhode Island, as part of the company’s strategy for North American portfolio growth.

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-- Eesti Energia closes EUR-289m buy of Baltic wind power producer

Estonian state-owned energy company Eesti Energia AS has wrapped up the takeover of Baltic renewable energy producer Nelja Energia AS.

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-- C&D buying Trojan Battery to form USD-1bn US energy storage co

C&D Technologies Inc has entered into an agreement to buy Trojan Battery Company LLC and thus create an enlarged battery manufacturer with more than USD 1 billion in revenue.

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-- Hive Energy creates JV with Shanghai Electric for 50-MW solar project in Cuba

Hive Energy Ltd has set up a joint venture with a UK unit of Chinese electrical equipment maker Shanghai Electric Group Co Ltd (HKG:2727) to realise a 50-MW solar project in Cuba.

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-- Ørsted closes USD-510m Deepwater Wind takeover

Denmark’s Ørsted A/S (CPH:ORSTED) has wrapped up the USD-510-million acquisition of Deepwater Wind, the company behind the first offshore wind farm in the US.

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-- Pattern Energy to sell Ontario wind farm stake for USD 165m

Pattern Energy Group Inc (NASDAQ:PEGI) has agreed to sell its 90-MW interest in the K2 wind farm in Ontario for the sum of CAD 216 million.

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-- Energiekontor sells 12.8-MW German wind farm

German wind project developer Energiekontor AG (ETR:EKT) said it has completed the planned disposal of a 12.8-MW wind farm in Germany.

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-- ReneSola to sell 55-MW Polish solar portfolio

ReneSola Ltd (NYSE:SOL) has entered into a letter of intent (LoI) to sell multiple solar projects in Poland with a combined capacity of 55 MW to global renewables investor Chroma Impact Investment.

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-- Altus Power buys 11-MW solar portfolio in New Jersey

Altus Power America Inc said it has acquired a rooftop and carport solar portfolio in New Jersey with a total direct current (DC) capacity of about 11 MW.

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-- Recurrent Energy inks build-transfer deal for 100-MW solar project

Recurrent Energy, a wholly-owned unit of Canadian Solar Inc (NASDAQ:CSIQ), has sealed a build-transfer agreement with utility Entergy Mississippi for a 100-MW solar project in Mississippi.

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-- NantEnergy buys Sharp's energy systems, services ops in US

US intelligent energy storage solutions NantEnergy said it has acquired the US energy systems and services business of Japanese major Sharp Corp (TYO:6753).

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-- Athena closes sale of 1.6-MW wind farm in Poland

Athena Investments A/S (CPH:ATHENA) said it has completed the sale of its last remaining wind farm in Poland to a local private investor for the sum of EUR 0.5 million.

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-- EDP to sell 103 MW of small Portuguese HPPs to Aquila Capital

Energias de Portugal SA (ELI:EDP) has agreed to sell 103 MW of small hydropower plants (HPPs) to investment company Aquila Capital, a filing with Portugal's Securities and Exchange Commission (CMVM) shows.

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-- Japan's TEPCO buys into 29.7-MW hydropower plant in Vietnam

Tokyo Electric Power Company Holdings Inc (TYO:9501), or TEPCO, announced that it has acquired a minority stake in the 29.7-MW Coc San hydropower plant (HPP) in Vietnam.

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-- Gresham House storage fund raises GBP 100m in IPO

Gresham House Energy Storage Fund plc (LON:GRID), launched by UK asset management firm Gresham House Plc (LON:GHE), has raised gross proceeds of GBP 100 million in its initial public offering (IPO), the fund announced.

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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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