Weekly renewables M&A round-up (Nov 30-Dec 4)

Mark Rubens/Shutterstock.com

Renewables Now covered M&A stories involving ACWA Power, Morgan Stanley, Eni and others over the past week. Below is the full list:

-- Gresham House closes buy of 50-MW battery site in Suffolk

Gresham House Energy Storage Fund Plc (LON:GRID) said it has finalised the acquisition of the 50-MW Wickham battery storage project in Suffolk, East Anglia.

-- C2 Energy buys 1.78-MW floating solar array in California

Renewables investor C2 Energy Capital LLC has bought a 1.78-MW floating solar photovoltaic (PV) system in California, the largest one in the state, from developer Ciel & Terre.

-- Croatia's Fortenova sells 25% in KHA Cetiri, to acquire 26% in A.N.P. Energija

Croatia's Fortenova Group, the successor to failed Agrokor concern, said on Monday it signed a definitive agreement to sell its 25% stake in local hotel developer KHA Cetiri to the company itself.

In a separate transaction, Fortenova agreed to acquire 26% interest in A.N.P. Energija from local venture capital fund Prosperus FGS, thus gaining a controlling stake in A.N.P. Energija, it said in a statement.

-- Gunkul Engineering buys 50-MWp solar project in Vietnam

Thailand-based Gunkul Engineering Pcl (BKK:GUNKUL) has acquired the owner of the project vehicle holding a 50-MWp solar park in Vietnam’s Thua Thien-Hue province.

-- Macquarie's GIG buys 25.3-MW wind farm in Poland

Green Investment Group Ltd (GIG), part of Australia’s Macquarie Group Ltd (ASX:MQG), said that it has acquired the 25.3-MW Jozwin wind farm in Poland.

-- Sonnedix expands solar capacity in Spain to 390 MWp

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said it has reached 390.6 MWp of operating photovoltaic (PV) capacity in Spain with the acquisition of 7.2 MW of solar assets.

-- Saudi sovereign wealth fund ups stake in ACWA Power to 50%

The Public Investment Fund (PIF) recently announced it has raised its ownership interest in independent power producer ACWA Power to 50% from 33.36% as it wants to support the development of renewable energy in Saudi Arabia.

-- Omega concludes purchase of 583-MW Brazilian wind complex

Omega Geracao SA (BVMF:OMGE3) has concluded the acquisition of the 582.8-MW Chui wind power complex in Rio Grande do Sul, the Brazilian energy company announced.

-- Pacific Ethanol sheds grain handling assets in Idaho for USD 10m

US ethanol producer Pacific Ethanol Inc (NASDAQ:PEIX) has closed a USD-10-million all-cash deal to sell its grain handling assets in Idaho and used all net sale proceeds to pay down term debt.

-- Shareholder urges PNE to drop investment deal with Morgan Stanley

The third largest investor in PNE AG (ETR:PNE3) praised the company’s operational improvements and strategic realignment over the course of 2020, but urged its management board to scrap the investment agreement with Morgan Stanley (NYSE:MS) that still remains in place.

-- Distributed Solar Development buys 17 MW of community PV in New York

US-based Distributed Solar Development (DSD) announced the purchase of a portfolio of community solar projects in New York with a combined capacity of 17 MW.

-- Brazil's AES Tiete finalises acquisition of 187-MW wind complex

AES Tiete Energia SA (B3:TIET11), now AES Brasil, has concluded the acquisition of the 187-MW Ventus Wind Complex in Rio Grande do Norte, the Brazilian energy company announced.

-- Greenbriar agrees purchase of 500-MW solar bundle in Alberta

Greenbriar Capital Corp (CVE:GRB) said it has struck a deal to acquire a 500-MW portfolio of solar projects in Canada’s Alberta province.

-- Vinci Energies buys EWE's offshore wind O&M unit

France's Vinci Energies has taken over the offshore wind farm operations and maintenance (O&M) services arm of German energy and telecommunications group EWE AG.

-- Aquila European Renewables enters Spain with 50-MWp solar buy

Aquila European Renewables Income Fund plc (LON:AERS) said it has agreed to purchase a 50-MWp solar project in the South of Spain.

-- Eni to invest EUR 447m in partial ownership of Dogger Bank

Italian oil-and-gas major Eni SpA (BIT:ENI) has struck deals to acquire a 20% ownership interest in the first two phases of the 3.6-GW Dogger Bank offshore wind project in UK waters.

-- PSEG to take 25% stake in Ørsted's 1.1 GW New Jersey offshore wind project

US diversified energy company Public Service Enterprise Group Inc (NYSE:PEG), also known as PSEG, said that it has entered into a definitive agreement with Ørsted North America to acquire a 25% stake in the 1,100-MW Ocean Wind project in New Jersey waters.