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Weekly renewables M&A round-up (Sep 24-Oct 1)

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October 3 (Renewables Now) - Renewables Now covered M&A stories related to Goldman Sachs, BlackRock, Engie, Eletrobras and Enel over the past seven days. Below is the full list of deals:

-- Octopus forms renewables investment vehicle with Korean help

UK onshore renewables investor Octopus Energy Investments said it will partner with Korea Investment & Securities (KIS) in a new renewables-focused fund.

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-- Goldman Sachs buys 24-MW community solar portfolio in Massachusetts

Massachusetts-based BlueWave Solar said it has sold a portfolio of community solar farms with a combined direct current (DC) capacity of 24 MW to a unit of Goldman Sachs (NYSE:GS).

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-- EDF Renewables to buy 50% of DG specialist EnterSolar

The North American arm of EDF Renewables will acquire a 50% stake in New York City-based distributed generation (DG) solar firm EnterSolar as part of a newly agreed strategic partnership.

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-- sPower acquires 55-MW PV plant in Idaho

US renewable energy generator sPower announced it has completed the acquisition of a 55-MW DC solar plant in Idaho state.

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-- Solar developer Origis Energy agrees minority investment by Global Atlantic

Global Atlantic Financial Group Ltd has agreed to acquire a minority stake of an undisclosed size in the holding company for US utility-scale solar developer Origis Energy, the parties announced.

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-- Holtec forms energy storage partnership with Eos investment

Holtec International, a US nuclear power-focused energy technology company, has bought a significant equity stake in Eos Energy Storage, which makes batteries for grid infrastructure.

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-- Arise agrees sale of 37-MW Swedish wind project to BlackRock

Swedish wind farm developer Arise AB (STO:ARISE) said it has purchased a 37-MW wind project in Sweden and announced plans to subsequently sell it to a fund managed by BlackRock Inc (NYSE:BLK).

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-- SSE to take full control of Seagreen offshore wind JV

UK utility SSE Plc (LON:SSE) said it is acquiring the 50% it did not own in its joint venture (JV) partnership Seagreen Wind Energy Ltd and its 1.5 GW of under-development offshore wind projects.

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-- Japanese renewables retailer Trende secures USD 6.5m in Series A funding

Japanese online renewable energy retailer Trende Inc has closed a JPY-730-million Series A funding round, with TEPCO Ventures as a lead investor, Trende announced.

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-- Energy storage firm ElectrIQ obtains USD 6m in seed financing

US energy storage company ElectrIQ Power has raised about USD 6 million in a Series Seed funding round led by Toronto-based growth venture fund GreenSoil Building Innovation Fund (GBIF).

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-- Clearway Energy starts share offering to help fund buy of gas-fired facility

Clearway Energy Inc (NYSE:NYLD), previously NRG Yield Inc, on Monday said it has launched an underwritten public offering of Class C common stock to help fund its acquisition of the 527-MW Carlsbad natural gas fired project in Carlsbad, California.

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-- AlsoEnergy to merge with solar monitoring firm Locus Energy

Renewable energy software company AlsoEnergy said it is merging with solar monitoring and data analytics provider Locus Energy.

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-- Tidal turbines developer Scotrenewables gets private investment

Scottish marine energy-focused engineering firm Scotrenewables Tidal Power Ltd has secured a multi-million pound investment ahead of starting a new floating tidal stream turbine build.

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-- 8minutenergy selling 121-MW California solar project to Capital Dynamics

US solar developer 8minutenergy Renewables LLC has agreed to sell the equity interests of the 121-MW DC Springbok 3 Solar Farm project in California to independent global private asset manager Capital Dynamics.

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-- Engie buys French firm with 500-MW wind project portfolio

French energy group Engie SA (EPA:ENGI) has, through Engie Green, acquired a local firm called Sameole that has close to 500 MW of onshore wind projects under development.

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-- Eletrobras bags USD 325m from wind, transmission assets sale

Brazilian electric utility Centrais Eletricas Brasileiras SA (BVMF:ELET3), better known as Eletrobras, has raised close to BRL 1.3 billion from the sale of wind power and transmission assets.

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-- Marguerite to buy 42-MW wind project from OX2

European infrastructure fund Marguerite has signed an agreement with developer OX2 to acquire 100% of the 42-MW Brannliden wind farm in Sweden, Marguerite announced.

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-- Invenergy-tied fund Energize Ventures achieves USD-150m final close

Energize Ventures LLC, a Chicago-based venture capital fund linked to clean energy developer Invenergy LLC, has reached a final close of USD 150 million.

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-- Eni subsidiary wins auction for Mossi Ghisolfi's green activities

Italian oil and gas major Eni SpA (BIT:ENI) said its chemical subsidiary Versalis has won the court-ordered bidding process for the "green" operations of Mossi Ghisolfi Group.

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-- Enel closes sale of 80% in 1.8-GW Mexican renewables portfolio

Italian energy major Enel SpA (BIT:ENEl) said it has closed a deal for the sale of an 80% interest in a 1.8-GW renewable energy portfolio in Mexico.

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-- Skyline Renewables buys 166-MW Texas wind park from RES

Skyline Renewables said it has acquired the 166-MW Hackberry wind park in Texas from Renewable Energy Systems Americas (RES America) for an undisclosed sum.

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-- Shunfeng signs MoU to sell solar manufacturing unit for USD 684m

China's Shunfeng International Clean Energy Ltd (HKG:1165) has signed a non-binding memorandum of understanding (MoU) to sell its solar manufacturing business for CNY 4.7 billion.

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-- Scatec Solar plugs in 35-MW PV plant in Honduras

Norwegian independent solar power producer Scatec Solar ASA (OSL:SSO), in partnership with Norfund, has brought the 35-MW Los Prados solar power plant in Honduras to commercial operation, Scatec announced.

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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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