-- Siemens Energy cleared to launch EUR-4bn Siemens Gamesa buyout
Siemens Energy AG (ETR:ENR) has been authorised by Spain’s National Securities Market Commission (CNMV) to kick off a takeover offer for the 32.9% stake it does not already own in Siemens Gamesa Renewable Energy SA (BME:SGRE).
-- FRV buys majority stake in 600-MW BESS project in Greece
Spain-based renewables developer Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, announced it has acquired a majority stake in a 600-MW battery electricity storage system (BESS) project in Greece.
US-based solar services platform operator Complete Solar Holding Corp and solar panels maker The Solaria Corp have completed their merger, creating Complete Solaria Inc, a full system operator with an expanded national presence and strong potential for organic growth.
-- Commerz Real, Hydro Rein to invest in 1-GWp Danish solar portfolio
German investment manager Commerz Real AG and Hydro Rein, part of aluminum producer Norsk Hydro ASA (OSE:NHY), have pledged to invest over EUR 600 million in an over 1-GWp solar project portfolio in Denmark over the next three-five years.
-- New German JV Aracari Solar aims to develop up to 500 MW
German solar project developer Aracari GmbH and domestic investor Vestinas Solar GmbH have set up a joint venture (JV) that will aim to develop up to 500 MW of solar projects in Germany and bring them to the shovel-ready stage.
-- Bowman Consulting buys solar projects engineer SEIE
US engineering services firm Bowman Consulting Group Ltd (NASDAQ:BWMN) aims to further accelerate the growth of its renewable energy business through the acquisition of SEI Engineering LLC (SEIE), a local provider of technical services to developers and owners of solar plants.
-- Eurowind, Capstone set up JV for 1-GW-plus renewables portfolio in US
Danish renewables developer Eurowind Energy A/S and Canadian independent power producer Capstone Infrastructure Corporation (TSE:CSE-A) have set up a joint venture (JV) to pursue clean energy opportunities in the US.
-- OX2 to close 9-GW offshore wind stake sale to Ingka in 2 weeks
Swedish renewables developer OX2 AB (STO:OX2) said it has secured regulatory clearance to shed a 49% stake in an up to 9-GW portfolio of offshore wind projects to Ingka Investment, expecting the deal to close within two weeks.
-- OYA, Oil Well Shares to jointly develop 3 GW of renewables in PJM
OYA Renewables and Appalachian energy company Oil Well Shares (OWS) have set up a joint venture to develop and build over 3 GW of community and utility-scale renewable energy projects across OWS’s current land inventory in the PJM region.
-- Brookfield, MidOcean place USD-11.8bn takeover bid for Australia's Origin
A consortium led by Canadian infrastructure investor Brookfield Asset Management Inc (TSE:BAM.PF.F) has made a non-binding takeover bid for Australia’s Origin Energy Ltd (ASX:ORG) that values the electricity and natural gas company at AUD 18.4 billion.
-- Reka Industrial to sell cable business to Nexans for EUR 53m
Finnish cable and rubber manufacturer Reka Industrial Oyj (HEL:REKA) announced it is selling its cable business to French sector player Nexans SA (EPA:NEX), which is a major supplier to the renewable energy industry.
-- EIT InnoEnergy agrees to invest in Prime Batteries Technology
EU-backed sustainable energy investor EIT InnoEnergy has signed a deal to make an investment of an undisclosed amount in Prime Batteries Technology, a manufacturer of lithium-ion batteries and tailor-made storage systems.
-- Blackstone-backed ClearGen invests in 1.4-GW wind farms portfolio
US distributed and sustainable energy infrastructure investor ClearGen LLC, which is backed by the global credit investment platform of Blackstone (NYSE:BX), has invested in a US-based portfolio of partnership interests in 25 wind farms with an existing generation capacity of 1.4 net GW.