November 18 (Renewables Now) - November 18 (Renewables Now) - Renewables Now covered M&A stories about BlackRock, EBRD, AEM, NextEra Energy Partners and others in the past week. Below is the full list:
-- Sembcorp's JV to acquire 795 MW of solar projects in China
Singapore-based group Sembcorp Industries Ltd (SGX:U96) said it will acquire three solar projects with a combined capacity of 795 MW in China through its 49%-owned joint venture (JV).
-- BlackRock eyes 1-GWh battery portfolio with Jupiter Power acquisition
US growth capital provider EnCap Investments LP and its co-investment partners are selling utility-scale battery storage developer and operator Jupiter Power LLC and its roughly 1-GWh portfolio of assets to a fund managed by BlackRock Alternatives.
-- Home energy storage firm Electriq Power to go public via SPAC
US home solar battery storage firm Electriq Power has agreed to go public through a merger with special purpose acquisition company (SPAC) TLG Acquisition One Corp (NYSE:TLGA) in a deal that gives it a pro forma pre-money equity value of USD 495 million.
-- Valmont selling offshore wind business to Danish steel products supplier
Valmont Industries Inc (NYSE:VMI), the US-based engineered products and services provider that makes wind turbine towers and direct-drive generator rotor houses, has decided to sell its offshore wind business in order to focus on expanding its solar operations.
-- Dandelion Energy closes USD-70m funding round to pursue more growth
US residential geothermal company Dandelion Energy Inc said today it has closed a USD-70-million B1 funding round co-led by the corporate venture arm of homebuilder Lennar Corp (NYSE:LEN) and the energy transition investing platform of NGP.
-- Keppel, MET JV to target 1 GW of renewables in Western Europe
Keppel Infrastructure Holdings Pte Ltd (KI), a unit of Singaporean conglomerate Keppel Corp Ltd (SGX:BN4), and Swiss-based energy company MET Holding AG have created a joint venture that will target the renewables sector in Western Europe.
-- EBRD raises stake in Egyptian renewables developer Infinity
The European Bank for Reconstruction and Development (EBRD) will invest USD 41.5 million to lift its stake in Infinity Energy and thus support the Egyptian renewable energy developer in the partial acquisition of African peer Lekela Power.
-- Equis becomes owner of USD-1.3bn battery project in Victoria
Asia-Pacific-focused renewables developer Equis Development Pte Ltd has taken control of an AUD-1.9-billion battery energy storage project near Melbourne, Victoria, and is now relaunching it with a new name and expanded capacity.
-- AEP unit seeks permit to buy 1-GW wind, solar portfolio
US utility Public Service Company of Oklahoma (PSO) is seeking regulatory clearance for the acquisition of a 999.5-MW portfolio of wind and solar power projects in Texas and Kansas that represent a combined investment of USD 2.47 billion.
-- Archer closes buy of 50% stake in geothermal firm Iceland Drilling
Norwegian oil services company Archer Ltd (LON:0RBA) said it has completed the acquisition of a 50% shareholding in geothermal drilling firm Iceland Drilling Company Ltd for a total consideration of USD 8.25 million.
-- Itochu leads USD-17m financing at SOFC generators maker Upstart
US solid oxide fuel cell (SOFC) generators maker Upstart Power has closed a USD-17-million Series C funding round led by Itochu Corp (TYO:8001), which has also reached a commercial agreement with Upstart concerning the Japanese market.
-- NextEra Energy Partners agrees USD-805m acquisition of wind, solar assets
NextEra Energy Partners LP (NYSE:NEP) said it has agreed to acquire a 49% interest in a roughly 1.5-GW renewables bundle and all of the indirect membership interests in a 345-MW portfolio of operating wind farms from NextEra Energy Resources LLC.