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Weekly renewables M&A round-up (Nov 19-26)

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November 26 (Renewables Now) - Renewables Now covered M&A stories related to SIMEC Atlantis, NJR Clean Energy Ventures and Abengoa last week. Below is the full list of deals:

-- Gresham House fund closes acquisition of 70-MW energy storage portfolio

Gresham House Energy Storage Fund plc (LON:GRID), launched recently by UK asset management firm Gresham House Plc (LON:GHE), announced that it has wrapped up the acquisition of its 70-MW seed portfolio.

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-- Goldman Sachs invests in 75 MW of solar, storage by Engie N America

Goldman Sachs (NYSE:GS) has made an investment of an undisclosed amount into a 75-MW solar and energy storage portfolio in the US of Engie North America, the latter said.

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-- Equitix to buy 25% in SIMEC Atlantis' 220-MW coal conversion project

UK infrastructure fund manager Equitix is to acquire a 25% stake in the 220-MW Uskmouth coal-to-waste-pellets conversion project in Wales of SIMEC Atlantis Energy Ltd (LON:SAE), the latter said.

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-- Share sale, IPO planned for Sterling and Wilson solar arm - report

Shapoorji Pallonji Group plans to sell up to 30% in its solar engineering, procurement and construction (EPC) business, currently part of Sterling and Wilson Pvt Ltd (S&W), including through an initial public offering (IPO), Bloomberg reports.

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-- Canadian Solar buys 30 MW of Indian solar from Suzlon

Suzlon Energy Ltd (BOM:532667) has completed the sale of the owners of 30 MW of solar projects in India to Canadian Solar Inc (NASDAQ:CSIQ).

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-- Siemens Gamesa sheds 1.2 MW of solar assets in Spain

A subsidiary of wind turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE) has sold three solar power plants in Spain to investment manager Aurea Capital Partners.

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-- BayWa buys 18.8-MW consented wind project in Scotland

The renewables unit of German diversified group BayWa AG (ETR:BYW6) has acquired a 18.8-MW wind project in Scotland from Brookfield Renewable Partners LP (TSE:BEP.UN) for an undisclosed sum.

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-- NJR sheds remaining wind assets in USD-208.5m deal

The clean energy arm of New Jersey Resources (NYSE:NJR) said it is to sell its remaining 117-MW wind portfolio for a total of USD 208.5 million.

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-- European Energy to sell 25.2-MW wind farm in Denmark

Copenhagen-based wind and solar developer European Energy A/S said it has agreed to sell a 25.2-MW wind farm in Denmark to an unnamed Swiss investment management firm.

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-- Abengoa nears completion of Atlantica Yield sell-down

Spanish engineering and renewables company Abengoa SA (BME:ABG) announced it has satisfied the conditions required to close the sale of its 16.47% stake in Atlantica Yield Plc (NASDAQ:AY).

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-- Greece's PPC to absorb fully-owned renewables unit

Greek utility PPC SA (ATH:PPC) announced that it has started the process to merge its fully-owned renewable energy arm into the company.

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-- SIMEC Atlantis to buy mini hydro developer from largest stockholder

SIMEC Atlantis Energy Ltd (LON:SAE) has agreed to buy UK mini-hydro developer and operator SIMEC Green Highland Renewables (SIMEC GHR) for an enterprise value of GBP 124.7 million.

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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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