Weekly renewables M&A round-up (Sep 12-16)

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September 16 (Renewables Now) - Renewables Now covered M&A stories about BlackRock, KKR, Goldman Sachs and others in the past week. Below is the full list:

-- EDPR wraps up 172-MW Italian wind portfolio sale to ERG

Portuguese utility Energias de Portugal SA (ELI:EDP), through its renewables unit, has finalised the divestment of a 172-MW wind portfolio in Italy to local peer ERG SpA (BIT:ERG).

Read more: https://renewablesnow.com/news/edpr-wraps-up-172-mw-italian-wind-portfolio-sale-to-erg-797596/

-- VH Global to buy 15 MW of fully-permitted solar projects in Australia

VH Global Sustainable Energy Opportunities Plc (LON:GSEO) said it has clinched a deal to acquire a 15-MW portfolio of fully-permitted solar photovoltaic (PV) projects in Australia for GBP 21.2 million.

Read more: https://renewablesnow.com/news/vh-global-to-buy-15-mw-of-fully-permitted-solar-projects-in-australia-797618/

-- Websol, Amp set up 1.2-GW solar manufacturing JV in India

Indian solar products maker Websol Energy System Ltd (BOM:517498) and compatriot Amp Energy have set up a joint venture (JV) to install 1.2 GW of production capacity for monocrystalline PERC solar cells and modules.

Read more: https://renewablesnow.com/news/websol-amp-set-up-12-gw-solar-manufacturing-jv-in-india-797630/

-- NESF forms second battery storage JV with Eelpower

NextEnergy Solar Fund Ltd (LON:NESF) announced a second battery storage joint venture partnership with UK energy storage specialist Eelpower Ltd as it continues to expand in the sector.

Read more: https://renewablesnow.com/news/nesf-forms-second-battery-storage-jv-with-eelpower-797636/

-- German investor Aquila to buy 440 MWh of BESS projects in Australia

German investment manager Aquila Capital has struck a deal to acquire a 220-MW/440-MWh pipeline of battery energy storage projects in Australia from Spain's Gransolar Group.

Read more: https://renewablesnow.com/news/german-investor-aquila-to-buy-440-mwh-of-bess-projects-in-australia-797684/

-- XL Fleet acquires DG solar provider Spruce Power

US fleet electrification and energy efficiency solutions provider XL Fleet Corp (NYSE:XL) has acquired distributed generation (DG) solar systems owner and operator Spruce Power in a deal backing its new strategy to provide subscription-based solutions for rooftop solar, battery storage and EV charging.

Read more: https://renewablesnow.com/news/xl-fleet-acquires-dg-solar-provider-spruce-power-797746/

-- BP to buy EDF Energy Services in US

British oil and gas major BP Plc (LON:BP) has signed a deal to acquire US retail power and gas provider EDF Energy Services (EDF ES) in a move it said could allow for integration with other BP decarbonisation-focused operations such as its wind energy arm.

Read more: https://renewablesnow.com/news/bp-to-buy-edf-energy-services-in-us-797801/

-- Integrated solar roofs start-up SunRoof secures EUR-15m investment

SunRoof, a Swedish start-up offering integrated solar roofs, announced it has raised EUR 15 million in a funding round led by European growth equity fund Klima Energy Transition.

Read more: https://renewablesnow.com/news/integrated-solar-roofs-start-up-sunroof-secures-eur-15m-investment-797847/

-- Iberdrola sheds 49% in Germany's Wikinger to EIP for EUR 700m

Spanish utility group Iberdrola SA's (BME:IBE) said it has clinched a deal to offload a 49% stake in the 350-MW Wikinger wind farm in German waters to Swiss infrastructure investor Energy Infrastructure Partners (EIP).

Read more: https://renewablesnow.com/news/iberdrola-sheds-49-in-germanys-wikinger-to-eip-for-eur-700m-797906/

-- Bouygues Travaux Publics buys Norwegian floating wind tech

Infrastructure specialist Bouygues Travaux Publics, a subsidiary of France’s Bouygues Construction, announced the acquisition of a floating wind foundation technology.

Read more: https://renewablesnow.com/news/bouygues-travaux-publics-buys-norwegian-floating-wind-tech-797908/

-- Brazil's Ultragaz to buy renewables DG platform Stella Energia

A subsidiary of Brazilian fuel distribution company Ultrapar Participacoes SA (BVMF:UGPA3), also known as Grupo Ultra, is acquiring local distributed generation (DG) platform Stella GD Intermediacao de Geracao Distribuída de Energia Ltda.

Read more: https://renewablesnow.com/news/brazils-ultragaz-to-buy-renewables-dg-platform-stella-energia-797909/

-- BlackRock Real Assets to acquire PV installer solarZero in New Zealand

A fund managed by BlackRock Real Assets has entered into an agreement to acquire New Zealand-based solar-as-a-service company solarZero in its first investment in the Pacific Ocean island country.

Read more: https://renewablesnow.com/news/blackrock-real-assets-to-acquire-pv-installer-solarzero-in-new-zealand-797932/

-- ABO Wind closes sale of 200-MW S African duo to Sola Group

German renewables developer ABO Wind AG (ETR:AB9) has sold the project rights to a 200-MW portfolio of two solar parks in South Africa to local solar power producer Sola Group.

Read more: https://renewablesnow.com/news/abo-wind-closes-sale-of-200-mw-s-african-duo-to-sola-group-798009/

-- KKR ready to squeeze out Albioma, holds over 92%

KKR & Co Inc (NYSE:KKR) has secured 92.19% of the capital and voting rights in Albioma SA (EPA:ABIO) through its friendly takeover offer for the French independent renewable energy producer and is now able to proceed with filing a squeeze-out application.

Read more: https://renewablesnow.com/news/kkr-ready-to-squeeze-out-albioma-holds-over-92-798049/

-- Goldman, Cleanhill take control of US smart inverters maker EPC Power

The Sustainable Investing business within Goldman Sachs Asset Management and private equity firm Cleanhill Partners have bought a majority stake in US smart inverters maker EPC Power Corp with eyes set on the solar power and energy storage industries.

Read more: https://renewablesnow.com/news/goldman-cleanhill-take-control-of-us-smart-inverters-maker-epc-power-798087/

-- SunPower makes minority investments in two solar dealers

US solar provider SunPower (NASDAQ:SPWR) said it has made minority investments in two solar dealers as part of its Dealer Accelerator Programme.

Read more: https://renewablesnow.com/news/sunpower-makes-minority-investments-in-two-solar-dealers-798104/

-- Prospect14 creates US solar JV with 3-GW pipeline

US solar developer and investor Prospect14 has set up a joint venture (JV) with a group of investors and power plant operators, aiming to develop 10 GW of solar projects in North America by 2025.

Read more: https://renewablesnow.com/news/prospect14-creates-us-solar-jv-with-3-gw-pipeline-798136/

-- Octopus Renewables doubles stake in 270-MW Lincs offshore wind farm

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) has doubled its shareholding in the 270-MW Lincs offshore wind farm off the English coast, building a stake of 15.5%, it said in a filing.

Read more: https://renewablesnow.com/news/octopus-renewables-doubles-stake-in-270-mw-lincs-offshore-wind-farm-798140/

-- ORIT steps in Germany with 34.6-MW wind farm acquisition

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) will acquire a 34.6-MW wind farm in Germany’s Brandenburg state in a deal that marks its first investment in the German onshore wind segment.

Read more: https://renewablesnow.com/news/orit-steps-in-germany-with-346-mw-wind-farm-acquisition-798145/

-- Acciona Energia to buy into wind developer with 3.8-GW platform in Asia

Spanish renewables company Acciona Energia (BME:ANE) said it has agreed to acquire a stake of close to 50% in Singapore-based wind project developer The Blue Circle, getting access to its 3.8-GW development portfolio in Southeast Asia.

Read more: https://renewablesnow.com/news/acciona-energia-to-buy-into-wind-developer-with-38-gw-platform-in-asia-798146/

-- Slate Asset Management invests in Canadian renewables developer Roswall

Global alternative investment platform Slate Asset Management has acquired a “significant” minority stake of an undisclosed size in Canadian renewable energy company Roswall Development Inc.

Read more: https://renewablesnow.com/news/slate-asset-management-invests-in-canadian-renewables-developer-roswall-798157/

-- Engie divesting 345-MW coal-fired plant, its last in Brazil

Power utility Engie Brasil Energia SA (BVMF:EGIE3) has reached a deal to offload its last coal-fired plant in Brazil as it looks to achieve a 100% renewables portfolio in the country.

Read more: https://renewablesnow.com/news/engie-divesting-345-mw-coal-fired-plant-its-last-in-brazil-798181/

-- Axpo closes sale of 65.5-MW wind portfolio in France

Swiss renewables company and energy trader Axpo Holding AG said it had wrapped up the sale of 65.5 MW of wind farms in France to Irish infrastructure investment firm Greencoat Renewables Plc (LON:GRP).

Read more: https://renewablesnow.com/news/axpo-closes-sale-of-655-mw-wind-portfolio-in-france-798184/

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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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