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Weekly renewables M&A round-up (Sep 16-20)

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September 20 (Renewables Now) - Renewables Now covered M&A stories related to RWE, Ørsted, PNE and others over the past week. Below is the full list of deals:

-- Total, Envision form solar JV targeting Chinese C&I customers

Chinese digital energy technology firm Envision and French energy major Total SA (EPA:FP) have joined hands to offer distributed generation (DG) solar solutions to the industrial and commercial (C&I) sector in China.

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-- S Africa's Reatile buys large stake in Juwi's O&M unit

Reatile Renewables, the renewable energy arm of South African investment holding company Reatile Group, has acquired a 43% stake in the solar operations and maintenance (O&M) unit of Germany’s Juwi.

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-- Ingka Group to buy stakes in 403 MW of US solar projects

IKEA stores operator Ingka Group has agreed to buy a 49% stake in two US solar projects with a combined capacity of 403 MW from Copenhagen Infrastructure Partners (CIP).

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-- EC says yes to RWE, E.on's Innogy-centered asset-swap

The European Commission (EC) gave the green light to the final part of the planned EUR-40-billion-plus (USD 44bn) asset swap between German energy groups RWE AG (ETR:RWE) and E.on SE (ETR:EOAN).

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-- Avangrid selling stakes in 85 MW of wind, solar in Arizona to Axium

Avangrid Renewables LLC, a subsidiary of Avangrid Inc (NYSE:AGR) has agreed to sell 50% stakes in one wind and one solar park in Arizona to Axium Infrastructure for a total consideration of USD 112 million.

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-- Greenbacker to take controlling stake in 80-MW Iowa wind portfolio

New York-based Greenbacker Renewable Energy Company LLC has agreed to purchase majority stakes in an 80-MW portfolio of operating wind assets in Iowa.

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-- Chile's AES Gener to acquire 110-MW wind farm, substation

Power producer and distributor AES Gener SA, together with its subsidiary Norgener Renovables SpA, have inked a deal to acquire a 110-MW Chilean wind farm from EPM Chile SA.

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-- Exxaro to buy Tata Power out of S African wind power JV

South African coal producer Exxaro Resources Ltd (JSE:EXX) has sealed a deal to take full control of 50%-owned Cennergi (Pty) Ltd, which holds two wind farms totalling 229 MW.

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-- Investors with over USD 11tn in assets ditch fossil fuels

More than 1,110 institutions with over USD 11 trillion in assets under management have already committed to divest from fossil fuels, according to a new report.

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-- Georgian fund preps auction to sell country's 1st wind farm

The Georgian Energy Development Fund and Georgian Oil and Gas Corporation have launched a public auction to sell the 20.7-MW Qartli wind farm in Georgia’s Shida Kartli administrative region.

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-- Solar Integrated Roofing Corp closes roofing buys in San Diego

Solar Integrated Roofing Corporation (OTCMKTS:SIRC) has closed the purchase of two San Diego roofing companies in less than a week.

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-- Ørsted inks deal to divest Danish power distributor Radius, other ops

Danish offshore wind major Ørsted A/S (CPH:ORSTED) announced sealing a deal to sell its local power distribution, residential customer and City Light businesses to SEAS-NVE.

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-- Solar Frontier Americas buys 50.5-MW project in California

Solar Frontier Americas (SFA) has acquired a 50.5-MW DC solar project in California from a joint venture of Samsung Solar Energy.

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-- Portugal's Finerge looks to acquire wind farms owner BIF

Portuguese renewable power company Finerge SA has announced its intentions to acquire domestic wind farm management firm BIF Portugal Wind – Unipessoal Lda for an undisclosed amount.

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-- Germany's PNE draws more takeover proposals - report

German renewable energy firm PNE AG (ETR:PNE3), which got an indicative offer from Morgan Stanley Infrastructure Partners (MSIP) last month, has lured more suitors and is giving them access to its data room, Reuters reports.

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-- GIP, Edelweiss vying for Engie's India solar portfolio - report

French utility Engie SA (EPA:ENGI) has received firm offers from Global Infrastructure Partners (GIP) and Edelweiss Infrastructure Yield Plus Fund to sell its Indian solar assets for around USD 400 million, the Economic Times reports.

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-- SDCL to buy 125-MW of Spanish CHP, biomass assets

UK investment firm SDCL Energy Efficiency Income Trust plc (LON:SEIT) said it has agreed to buy a 125-MW portfolio of combined heat and power (CHP) and biomass plants in Spain.

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-- Energy storage co Hydrostor closes USD 37m in growth financing

Hydrostor Inc, a Canadian company that develops Advanced Compressed Air Energy Storage (A-CAES) projects, has raised USD 37 million in growth financing that will allow it to continue advancing existing late-stage projects.

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-- Solarpack to sell minority stake in 43 MW of Peruvian PV farms to Ardian

Solarpack Corporacion Tecnologica SA (BME:SPK) has agreed to sell a 49% stake in two recently fully acquired solar photovoltaic (PV) farms in Peru to a renewable energy investment fund managed by France’s Ardian.

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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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