September 17 (Renewables Now) - Renewables Now covered M&A stories about Russia's Severstal, EDF, Dominion Energy, Shell and others over the past week. Below is the full list:
-- MHI, Osaka Gas invest in 11-MW solar project in N Carolina
Japan’s Mitsubishi Heavy Industries (TYO:7011) and Osaka Gas USA Corp, part of Japanese company Osaka Gas Co Ltd (TYO:9532), have bought an unspecified equity stake in an 11-MW solar project under construction in North Carolina.
Russian state-owned technology investor Rusnano has exited the share capital of wind tower maker WRS Towers LLC by selling its 24.5% stake in the firm to steel and mining company Severstal (MCX:CHMF), the latter announced.
-- Akuo, CIP to partner on 400-MW renewables development in Indonesia
French renewable power producer and developer Akuo announced a partnership with Danish fund manager Copenhagen Infrastructure Partners P/S (CIP) for the development of more than 400 MW of renewable energy projects in Indonesia.
-- MET Renewables seeks antitrust nod to acquire Eolica Bulgaria
Bulgaria's competition regulator said that MET Renewables Holding, part of Swiss energy company MET Group, is seeking approval to acquire wind power company Eolica Bulgaria, the owner and operator of a 60 megawatt (MW) wind park in Suvorovo, in the northeast of the country.
-- Hydrogenious raises EUR 50m to scale hydrogen technology
German hydrogen specialist Hydrogenious LOHC Technologies GmbH has raised EUR 50 million in a funding round led by Jera Americas Inc and Singapore's Temasek to support the deployment and scale-up of its technology for hydrogen transportation and storage.
-- Aura Power sells 39-MW ready-to-build solar project in Canada
Bristol-based developer Aura Power Renewables said it has sold its 39-MW Empress ready-to-build solar project in Eastern Alberta to Canadian Utilities Limited (TSE:CU), an electrical utility services company within the ATCO Group.
-- EQTEC acquires 1.2 MWe waste-to-energy gasification plant in Croatia
Irish gasification technology and engineering company EQTEC [LSE:EQT] said it has completed the acquisition of a 1.2 MWe waste-to-energy gasification plant in Karlovac, in Croatia, for an aggregate consideration of 1.2 million euro, through Synergy Projects, a joint venture with its Croatian project development partner Sense ESCO.
-- Galehead sells 270-MW MISO Central solar project to EDFR
Boston-based Galehead Development announced it has recently sold a 270-MW DC solar project in the MISO Central region of the US to independent power producer EDF Renewables (EDFR) for an undisclosed amount.
-- Babcock & Wilcox takes 60% of US solar contractor with 1-GW pipeline
US renewable, environmental and thermal energy technologies provider Babcock & Wilcox Enterprises Inc (NYSE:BW) has agreed to buy 60% of solar energy contractor Fosler Construction Company Inc and thus get access to its over 1-GW project pipeline.
-- Clean energy co Arcadia pockets USD 100m to grow
US renewable energy retailer Arcadia has secured USD 100 million in a Series D funding round that will help it scale up its community solar offerings and tap into new markets such as electric vehicles (EVs).
-- RNG platform Archaea Energy reports closing of SPAC merger
The acquisition by Rice Acquisition Corp (NYSE:RICE), or RAC, of Aria Energy LLC and Archaea Energy LLC has been completed and the resulting US renewable natural gas (RNG) platform is now known as Archaea Energy Inc.
-- Pearce Renewables buys wind, solar O&M firm Mountain Renewables
Pearce Renewables, a division of operations, maintenance and engineering services provider Pearce Services, has acquired California-based Mountain Renewables LLC, which provides technical field services for the wind and utility-scale solar industries.
-- Dominion Energy eyes 1-GW solar, battery expansion in Virginia
Dominion Energy Virginia, part of utility Dominion Energy (NYSE:D), plans to add roughly 1 GW of solar capacity plus some battery storage to its portfolio by acquiring or contracting new projects in the Commonwealth state.
-- Odyssey Energy Solutions buys off-grid control specialist Ferntech
US renewables investment firm Odyssey Energy Solutions Inc has acquired Ferntech GmbH, a German company specialising in the remote control and monitoring of off-grid renewable energy systems, to strengthen its position as an end-to-end investment and asset management platform.
-- Finerge, Guild Investments greenlit to take control of wind farms in Portugal
Portugal's Competition Authority (AdC) has decided not to oppose a move put forward by Portuguese renewable power company Finerge SA and UK-based Guild Investments Limited to jointly own wind farm developer Empresas ACM.
-- B Capital Partners buys 10-MW solar park in Germany
Swiss sustainable infrastructure investment company B Capital Partners AG has acquired the Reuth solar park of 10 MW which is currently being built by project developer Green City AG in the German state of Bavaria.
-- ReneSola, Eiffel JV adds first 200 MW of solar projects
Solar project developer and operator ReneSola Ltd (NYSE:SOL) said the company's European joint venture with Eiffel Investment Group has completed the acquisition of its first portfolio, which consists of 200 MW of solar projects.
-- Shell wraps up acquisition of US renewable power retailer Inspire
Shell New Energies US LLC, a unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA), has finalised the acquisition of Inspire Energy Capital LLC, a US renewable energy retailer targeting the residential segment.