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Weekly renewables M&A round-up (Nov 26-Dec 2)

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December 3 (Renewables Now) - Renewables Now covered M&A stories related to Ørsted, CPFL Energias Renovaveis, Atlantica Yield and RWE last week. Below is the full list of deals:

-- Ørsted closes 50% sale of Hornsea 1 offshore wind project

Ørsted A/S (CPH:ORSTED) has completed the sale of a 50% stake in the under-construction 1,218-MW Hornsea 1 offshore wind farm in the North Sea to Global Infrastructure Partners (GIP).

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-- Pattern Development offloads 79.8-MW wind farm in Montana

Pattern Energy Group 2 LP, also known as Pattern Development, has sold its entire ownership in the 79.75-MW Stillwater wind farm in Montana, commissioned at the end of last month.

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-- Greenbacker buys more N Carolina solar assets

New York-based Greenbacker Renewable Energy Company LLC announced it has purchased a 21.8-MW solar portfolio in North Carolina from project developer SunEnergy1 LLC.

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-- Engie buys more shares in KiWi Power

French utility Engie SA (EPA:ENGI) has increased its ownership stake in UK distributed energy resource aggregator KiWi Power following an initial investment three years ago.

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-- Tages exclusively negotiates buy of Glennmont solar assets in Italy - report

London-based renewable energy fund manager Glennmont Partners is exclusively negotiating the sale of its 85-MW solar portfolio in Italy to investment fund Tages, Reuters reports, quoting two sources.

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-- Nautilus acquires 9 MW of solar projects in Maryland

New Jersey-based Nautilus Solar Energy LLC announced the acquisition of a 9-MW community solar development portfolio consisting of four projects in Maryland.

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-- Falck acquires 49% of 10-MW Spanish wind project

Italy-based Falck Renewables SpA (BIT:FKR) announced it has completed the acquisition of a 49% stake in a 10-MW wind project in Spain’s Castilla y Leon region.

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-- State Grid completes tender offer for CPFL Energias Renovaveis

Brazil's CPFL Energias Renovaveis (BVMF:CPRE3) announced that a public tender offer launched by State Grid Corporation of China was concluded successfully, allowing the latter to acquire the shares it did not already hold in the company.

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-- Algonquin closes USD-345m acquisition of Atlantica Yield shares

Canadia’s Algonquin Power & Utilities (TSX:AQN), or APUC, said it has completed the acquisition a 16.5% stake in Atlantica Yield Plc (NASDAQ:AY), lifting its shareholding in the Spanish yieldco to 41.5%.

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-- Greenpeace Energy wants to buy RWE's coal ops, replace them with renewables

Greenpeace Energy presented a plan to gradually take over lignite open-cast mines and power plants of RWE AG (ETR:RWE) only to shut them down and replace them with 8.2 GW of wind and solar parks.

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-- Dominion, Smithfield Foods form manure-to-energy JV

Dominion Energy (NYSE:D) and pork processor Smithfield Foods Inc are creating a joint venture to capture methane emissions from hog farms and convert them into renewable energy.

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-- John Laing buys into 112-MW wind project in Tasmania

UK infrastructure investor John Laing Group Plc (LON:JLG) has acquired a 49.8% stake in a 112-MW wind project in Tasmania, its first wind investment on the Australian island.

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-- Mitsubishi reduces participation in Moray East offshore wind project

Japan's Mitsubishi Corp (TOKYO:8058) has introduced two new investors to the 950-MW Moray Offshore Windfarm East (MOWEL) project by selling shares in an intermediate holding company.

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-- Private investor to build 50% ownership in Solar Alliance

Private investor Tom Anderson, already the largest single shareholder of Solar Alliance Energy Inc (CVE:SOLR), has agreed to increase his interest in the US-focused solar installer to around 50%.

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-- Foresight Solar Fund closes buy of 80.9-MW UK portfolio

Foresight Solar Fund Ltd (LON:FSFL) said it has closed the acquisition of an 80.9-MW solar portfolio in the UK from funds managed by Foresight Group LLP.

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-- India's IL&FS puts up for sale 873-MW wind portfolio, other renewable assets

India's Infrastructure Leasing & Financial Services Ltd (IL&FS) said that it has launched a process to gauge the interest of third parties in the company’s renewable energy businesses.

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-- Blackstone vehicle selling USD-44m stake in Vivint Solar

A company tied to private equity major Blackstone Group LP (NYSE:BX) is looking to sell a 6.7% stake in US residential solar company Vivint Solar (NYSE:VSLR) in an underwritten public offering.

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-- Advantage Capital invests USD 4m in residential PV co Momentum Solar

US investment firm Advantage Capital has poured USD 4.1 million into New Jersey-based residential photovoltaic (PV) installer Momentum Solar, it was announced.

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-- Equitix, Iona Capital buy GBP-72m EfW project in UK

UK infrastructure investor Equitix and fund manager Iona Capital said they have bought a GBP-72-million energy-from-waste (EfW) project in Somerset, South West England.

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-- Rabbalshede Kraft buys Siemens-powered Swedish wind farm

Swedish wind power company Rabbalshede Kraft AB said it has bought the four-turbine Raftsjohojden wind farm in the municipality of Stromsund.

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-- Ence completes purchase of 50-MW CSP plant from Iberdrola

Spanish company Ence Energia y Celulosa SA (BME:ENC) announced it has closed the acquisition from Iberdrola SA (BME:IBE) of a 90% stake in the 50-MW Puertollano solar thermal power plant.

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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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