Weekly renewables M&A round-up (Oct 18-22)

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October 22 (Renewables Now) - Renewables Now covered M&A stories about Glennmont, Ørsted, Galp, NextEra Energy and others over the past week. Below is the full list:

-- Omers buying 49% of FRV's Aussie renewable energy platform

Canadian investor and asset manager Omers Infrastructure said it has agreed to purchase a 49% stake in the Aussie unit of Spain-based Fotowatio Renewable Ventures (FRV).

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-- Commerz Real scraps 68-MW wind power deal with Eolus

Commerz Real, the renewables and real estate investment arm of Germany's Commerzbank AG (ETR:CBK), has cancelled a deal for the purchase of 68 MW of wind power projects in southern Sweden from Eolus Vind AB (STO:EOLU-B).

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-- Sunfire lands new funding to scale up electrolyser manufacturing

Sunfire GmbH unveiled the receipt of EUR 109 million in new funding in support of plans to build electrolyser production capacity in the gigawatts, and further develop its technology.

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-- Antin Infrastructure to take control of US Origis Energy

French private equity firm Antin Infrastructure Partners (EPA:ANTIN) announced it is acquiring a majority stake in US solar and energy storage developer Origis Energy, without disclosing the terms of the transaction.

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-- Encavis buys 65.5 MW of solar capacity in France for special fund

The asset management subsidiary of German solar and wind farm operator Encavis AG (ETR:ECV) has acquired six solar parks with a combined capacity of 65.5 MW in western and southern France for its special fund Encavis Infrastructure III (EIF III).

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-- India's Oorja raises USD 1m to expand solar-powered farming services

Oorja Development Solutions India Private Limited, an Indian provider of solar-powered services for the agriculture sector, said it has raised USD 1 million in seed funding to expand its operations.

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-- Korea's SK E&S to invest up to USD 400m in US renewables platform REV

SK E&S Co Ltd, part of South Korean industrial conglomerate SK Group, has agreed to invest up to USD 400 million in REV Renewables LLC, a unit of LS Power that acquires, develops and operates renewable energy and battery storage assets.

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-- BayWa r.e buys rights to 48-MW Scottish wind project

BayWa r.e. UK, a unit of German renewables developer BayWa r.e. AG, has purchased the project rights for a 48-MW wind farm in Scotland’s South Lanarkshire.

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-- Pacifico gets priority access to 1-GW-plus Aussie solar, storage pipeline

German renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) has signed a right of first offer agreement to acquire an over 1-GW renewable pipeline in Australia, mainly consisting of utility-scale solar projects.

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-- Aquila takes over Powertis' majority stake in 772 MW of PV projects in Italy

Spanish solar energy developer Powertis SAU has wrapped up the sale of a 51% stake it held in 772 MW of solar PV projects in Italy to German investment manager Aquila Capital.

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-- Portugal's EDP to invest GBP 13bn in UK renewables by 2030

Energias de Portugal SA (ELI:EDP) unveiled plans to inject GBP 12.86 billion in UK wind and solar projects, complementing its offshore presence with an entry into the local onshore market through 544 MW of total capacity.

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-- Glennmont wraps up sale of 100 MW of French wind farms

London-based fund manager Glennmont Partners has closed the sale of a 100-MW onshore wind farm portfolio in France to TTR Green Fund IV and its co-investors, law firm Watson Farley & Williams (WFW) announced.

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-- Votorantim, CPP Investments to merge Brazilian assets into 3.3-GW renewables platform

Brazil’s Votorantim SA and Canada Pension Plan Investment Board (CPP Investments) announced plans to consolidate Brazilian energy assets to create a renewable energy platform with 3.3 GW of installed capacity.

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-- DIF Capital to take 51% stake in Germany's ib vogt

Global infrastructure investment manager DIF Capital Partners has agreed to acquire a 51% stake in German solar developer and contractor ib vogt GmbH, it was announced.

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-- Ørsted to shed 50% of Borkum Riffgrund 3 offshore wind project to Glennmont

London-based fund manager Glennmont Partners will acquire a 50% stake in Ørsted A/S’ (CPH:ORSTED) 900-MW Borkum Riffgrund 3 offshore wind farm complex in the German North Sea.

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-- Galp lands in Brazil's renewables market with 594-MWp solar acquisition

Portuguese energy group Galp Energia SGPS SA (ELI:GALP) has agreed to acquire and develop a 594-MWp solar portfolio in Brazil, marking its entry into the country's renewables market.

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-- EDF Renewables attracts new investor for UK Blyth offshore wind farm

EDF Renewables UK has attracted Tenaga Nasional Berhad (KLSE:TENAGA), Malaysia's largest power utility, as a new investor in its Blyth offshore wind farm off the coast of Northumberland in northeast England, it announced.

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-- AC Energy boosts Australian ops with full control over renewables JV

Philippines-based firm AC Energy Corp (PSE:ACEN), part of Ayala Corp (PSE:AC), has received board approval for the acquisition of the 51.6% stake it does not already own in its Australian clean energy joint venture (JV) with US-based UPC Renewables Group.

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-- Falck Renewables to be acquired by investment fund

Italian company Falck SpA announced a deal to sell its entire stake of about 60% in Falck Renewables SpA (BIT:FKR) to the Infrastructure Investments Fund (IIF), an investment vehicle advised by JP Morgan Investment Management.

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-- French Photosol readies EUR 500m sale - report

French solar power developer Photosol SAS has approached potential buyers for the business, which is estimated to be worth a minimum of EUR 500 million, two unnamed sources said as cited by Reuters.

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-- EnBW buys 12.6-MW onshore wind project in Germany

German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has acquired the rights to a 12.6-MW wind power project in southern Germany, with construction set to start this autumn.

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-- Greenvolt nearing acquisition of 42% stake in Spanish solar firm Perfecta Energia

Portuguese renewables company Greenvolt - Energias Renovaveis SA (ELI:GVOLT) has completed the first phase of a process to acquire a 42% stake in Spanish solar panel installer Perfecta Energia, it said.

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-- Primavera Capital ploughs USD 600m in Chinese green tech firm Envision

China-based investment firm Primavera Capital said it has invested USD 600 million in two subsidiaries of Chinese green technology firm Envision Group.

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-- Encavis buys 25-MW solar project in Germany

German solar and wind farm operator Encavis AG (ETR:ECV) announced the purchase of a 25-MWp solar farm under construction near Berlin from Sunovis GmbH.

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-- Sojitz, Osaka Gas and Looop form rooftop solar JV in Vietnam

A joint venture between Japanese trader Sojitz Corp (TYO:2768) and Osaka Gas Co Ltd (TYO:9532) has joined forces with Looop Inc to create a rooftop solar power generation business that serves industrial and commercial customers in Vietnam.

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-- Ecofin US Renewables to buy 60-MW Texas wind farm

Ecofin US Renewables Infrastructure Trust PLC (LON:RNEW) said it has made a contractual commitment to acquire the 60-MW Whirlwind wind park in Texas for USD 49 million.

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-- Voith to buy Siemens Energy's stake in German hydro turbines JV

Germany’s Voith Group has agreed to take full control of its hydroelectric turbine supplying joint venture with Siemens Energy AG (ETR:ENR), it was announced.

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-- ADM to sell ethanol plant in Illinois to BioUrja Group

Agricultural powerhouse ADM (NYSE:ADM) announced it has signed a deal to sell its ethanol production complex in Illinois to BioUrja Group for an undisclosed amount.

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-- Greencoat Renewables buys 101-MW wind farm in Sweden

Dublin-based Greencoat Renewables PLC (LON:GRP) has acquired a 101.1-MW wind farm in Sweden from German wind turbine maker Enercon GmbH.

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-- NextEra Energy Partners to buy 50% in 2.5-GW renewables portfolio

NextEra Energy Partners LP (NYSE:NEP) said it has agreed to buy a 50% stake in a renewable energy portfolio totalling 2,520 MW and also entered into a convertible equity portfolio financing for USD 824 million.

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-- MET Renewables receives antitrust clearance to acquire Eolica Bulgaria

Bulgaria's competition authority said it granted approval to MET Renewables Holding, part of Swiss energy group MET, to acquire Eolica Bulgaria, owner and operator of a 60 megawatt (MW) wind park in Suvorovo, in the northeast of the country.

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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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