November 19 (Renewables Now) - Renewables Now covered M&A stories about Engie, REC Silicon, Shell, Macquarie and others over the past week. Below is the full list:
-- Brazil's Cemig to shed interest in Renova Energia
Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig, has agreed to sell its entire stake in renewables developer Renova Energia SA (BVMF:RNEW11) to AP Energias Renovaveis, an investment fund managed by Mantiq Investmentos Ltda.
-- UKCI, Norfund back local investment in 700-MW S African wind portfolio
UK Climate Investments (UKCI), managed by Macquarie Group Ltd (ASX:MQG), and Norfund said they are investing in a South African joint venture to help it fund its 40% equity investment in a 700-MW portfolio of onshore wind farms in South Africa.
-- Aega seeks to buy two more solar parks in Italy
Norwegian renewables investment firm Aega ASA (OSE:AEGA) has reached an exclusivity agreement to boost its portfolio with the potential acquisition of two unidentified solar farms in Italy with a combined capacity of 1.3 MW.
-- Coro Energy clinches deal for Vietnam rooftop solar JV
Coro Energy Plc (LON:CORO) has reached a binding agreement to take control of a newly-formed joint venture in Vietnam through which it will co-own a portfolio of commercial and industrial (C&I) rooftop solar projects in Vietnam alongside Vinh Phuc Energy JSC (VPE).
-- Cloudberry seeks Captiva deal to elevate role in operation of renewables
Cloudberry Clean Energy ASA (OSE:CLOUD) has signed a letter of intent to potentially acquire 60% of Norwegian asset management group Captiva, with a view to beefing up its capabilities in hydro and wind development and operation.
-- Prospect14 sells 1-GW solar project bundle in PJM
US clean energy developer and investor Prospect14 announced it has divested a portfolio of solar and solar-plus-storage projects in Virginia and Pennsylvania with a combined direct current (DC) capacity of about 1 GW.
-- Engie wraps up 40% stake purchase in 100-MW CSP plant in S Africa
French utility Engie SA (EPA:ENGI) announced it has closed the acquisition of a 40% equity stake in the 100-MW Xina Solar One concentrated solar power (CSP) plant in South Africa from Spanish engineering group Abengoa SA.
-- Hanwha Solutions buys into REC Silicon in US solar value chain push
Hanwha Solutions Corporation (KRX:009830) has struck two deals to acquire a total of 16.67% in Norway-based advanced silicon materials producer REC Silicon ASA so as to seize the momentum for establishing US-based solar manufacturing capabilities in light of new legislation proposed by US lawmakers.
-- OX2 unveils EUR-650m deal to build wind farm in Finland
Swedish renewables developer OX2 has been contracted to build a zero-subsidy wind farm in Finland of 455.4 MW, the largest one in the country to date, and then sell it to a consortium of local energy companies.
-- Consumers Energy seeks regulatory nod to add 375 MW of solar power
US utility Consumers Energy, the principal subsidiary of CMS Energy (NYSE:CMS), has signed deals to add 375 MW of solar energy resources in Michigan and is now awaiting their approval by local regulators.
-- Japan's Eurus completes partial transfer of 69-MW Dutch wind portfolio
Japanese wind power developer Eurus Energy Holdings Corporation announced it has completed the partial transfer of its interest in a 68.8-MW wind portfolio to Dutch port operator Groningen Seaports NV.
-- Macquarie fund negotiating buy of French solar firm Apex Energies
Macquarie Group Ltd’s (ASX:MQG) Macquarie Asset Management said it has started exclusive talks to acquire 90% of Apex Energies Group, a French solar platform that currently operates 530 sites totalling 92 MW of installed capacity.