Renewables Now covered M&A stories about BayWa r.e., Equinor, Carlyle, Dominion and others in the past week. Below is the full list:
-- GridStor buys 500 MW/2 GWh energy storage projects in LA
US grid-scale battery energy storage firm GridStor has bought a portfolio of multiple energy storage projects under development in the greater Los Angeles area that are expected to have over 500 MW/2 GWh of capacity.
-- NextEra expands renewable natural gas ops via USD 1bn acquisition
US clean energy group NextEra Energy Inc (NYSE:NEE) is expanding its renewable natural gas assets through a USD-1.1-billion agreement to acquire a portfolio of 30 operating landfill gas-to-electric facilities which are expected to become a core part of the company’s renewable fuels and potentially hydrogen strategies.
-- Gore Street Energy Storage to buy 200-MW project in England
Gore Street Energy Storage Fund Plc (LON:GSF) has entered into an agreement to acquire from Kona Energy a 200-MW energy storage project in North West England that is ready to launch the construction phase.
-- BayWa r.e. to sell 140-GWh biogas platform to Macquarie's GIG
German renewables company BayWa r.e. AG has agreed to sell its biogas business, BayWa r.e. Bioenergy GmbH, which is associated with the production of about 140 GWh of biomethane annually, to an investment vehicle of Macquarie's Green Investment Group (GIG).
-- ACWA to develop, co-own 110 MW of floating solar projects in Indonesia
Saudi investor in water and power plants ACWA Power (TADAWUL:2082) said it will develop and co-own 110 MW of floating solar parks in Indonesia through a deal with state-owned utility PT Perusahaan Listrik Negara, or PLN.
-- US miner targeting green hydrogen market agrees to buy CSP developer
Buscar Co (OTCMKTS:CGLD), a US mining company looking to enter the sustainable energy space, has signed a deal to buy APTG Inc, the developer of a concentrated solar power (CSP) technology that can be combined with green hydrogen production.
-- Equinor buying Danish solar developer with 6-GW pipeline
Norwegian energy group Equinor ASA (NYSE:EQNR) said it has struck a deal to acquire Danish solar project developer BeGreen, seeking to further expand its business in the solar photovoltaic (PV) market.
-- TEPCO to acquire Scottish offshore wind biz Flotation Energy
Japanese utility Tokyo Electric Power Company Holdings Inc (TYO:9501), also known as TEPCO, said it will acquire Scotland-based offshore wind developer Flotation Energy in its first investment in an overseas wind business.
-- Encavis takes controlling stake in O&M partner Stern Energy
German solar and wind farm operator Encavis AG (ETR:ECV) has boosted to 80% its shareholding in Italian solar energy equipment provider Stern Energy SpA which is its long-term operation and management (O&M) partner.
-- Greek utility PPC denies signing deal to buy Enel Romania
Greek power utility PPC SA (ATH:PPC) has not signed any deal for the acquisition of a 70% stake in the Romanian unit of Italian peer Enel SpA (BIT:ENEL), it said, rebuffing media reports on the matter.
-- Carlyle pours USD 350m into DG solar firm Aspen Power
Funds managed by private equity major Carlyle (NASDAQ:CG) have invested USD 350 million in US distributed generation (DG) platform Aspen Power Partners LLC to help it pursue its organic and acquisition-driven growth strategy.
-- Fengate to power Meta from 160-MW newly-acquired wind project in Texas
North American alternative investment manager Fengate Asset Management said it has acquired a 160-MW shovel-ready wind project in Texas and announced a long-term power off-take deal with Meta Platforms Inc (NASDAQ:META).
-- Avantus sells most of 147-MWp Texas solar project to Allianz
US solar developer Avantus, previously known as 8minute Solar Energy, said it has sold a 147-MW DC solar project in Texas to asset manager Allianz Capital Partners, part of the Allianz Group, keeping a minority stake in the scheme.
-- ThomasLloyd Energy sets foot in Vietnam with USD-30m investment deal
ThomasLloyd Energy Impact Trust Plc (LON:TLEI) has entered into an investment agreement with project developer and EPC contractor Solar Electric Vietnam (SEV) that calls for an initial spending of USD 30 million on renewable energy assets in Vietnam.
-- KKR looking to sell 50% stake in Spanish solar firm X-Elio - report
US private equity firm KKR & Co Inc (NYSE:KKR) is looking to sell its 50% stake in Spanish solar energy developer X-Elio and has hired Citi and Nomura as advisors in the process, business newspaper Expansion reported citing unnamed sources.
-- Dominion Energy posts rise in Q3 EPS, starts business review
US utility Dominion Energy Inc (NYSE:D) reported operating earnings per share (EPS) above the midpoint of its prior third-quarter (Q3) guidance and announced the launch of a “top-to-bottom” business review of the company.