- Press Releases
September 9 (Renewables Now) - Renewables Now covered M&A stories about India's Reliance, Korea's SK Group, Spain's Repsol and others in the past week. Below is the full list:
-- Japanese party enters 55-MW integrated aquaculture solar project in Taiwan
Japanese power producer Erex Co Ltd (TYO:9517) announced it is one of five companies taking part in an integrated aquaculture and solar power generation project of 55 MW in Taiwan.
Read more: https://renewablesnow.com/news/japanese-party-enters-55-mw-integrated-aquaculture-solar-project-in-taiwan-796928/
-- KKR-backed Virescent looking to buy 88-MWp Indian solar portfolio from Jakson
Virescent Renewable Energy Trust (VRET), an Indian renewable energy platform backed by global investment firm KKR & Co Inc (NYSE:KKR), is holding talks to acquire 87.6 MWp of solar projects at home, it said.
Read more: https://renewablesnow.com/news/kkr-backed-virescent-looking-to-buy-88-mwp-indian-solar-portfolio-from-jakson-796929/
-- Energiekontor sells 3.6-MW wind project to Austria's Oekostrom
German renewables developer and operator Energiekontor AG (ETR:EKT) said it has offloaded a 3.6-MW single-turbine wind project in the state of Bremen to Austrian power producer Oekostrom AG.
Read more: https://renewablesnow.com/news/energiekontor-sells-36-mw-wind-project-to-austrias-oekostrom-796933/
-- Renewables-dedicated AI firm Jungle raises EUR 5m
Dutch artificial intelligence company Jungle, the developer of a tool that identifies and resolves underperformance issues at renewable energy plants, announced it has raised EUR 5 million in a Series A funding round led by SHIFT Invest.
Read more: https://renewablesnow.com/news/renewables-dedicated-ai-firm-jungle-raises-eur-5m-797044/
-- India's Reliance to buy 79% of US solar software developer SenseHawk
Indian conglomerate Reliance Industries Ltd (BOM:500325) unveiled definitive agreements to buy a 79.4% stake in US solar energy software developer SenseHawk Inc in a deal worth USD 32 million.
Read more: https://renewablesnow.com/news/indias-reliance-to-buy-79-of-us-solar-software-developer-sensehawk-797069/
-- SK joins TotalEnergies-Corio offshore wind partnership in Korea
SK ecoplant, a construction engineering company part of SK Group, will buy a stake in a 2-GW-plus offshore wind project portfolio in South Korea and thus join its development alongside TotalEnergies SE (EPA:TTE) and Corio Generation.
Read more: https://renewablesnow.com/news/sk-joins-totalenergies-corio-offshore-wind-partnership-in-korea-797099/
-- Hindustan Zinc to buy 26% stake in its renewable power supplier
Indian zinc, lead and silver producer Hindustan Zinc Ltd (BOM:500188) said that it has signed a long-term power delivery agreement (PDA) with special purpose vehicle (SPV) Serentica Renewables India 4 Private Limited to secure 200 MW of renewable energy from captive plants.
Read more: https://renewablesnow.com/news/hindustan-zinc-to-buy-26-stake-in-its-renewable-power-supplier-797100/
-- MasTec obtains HSR clearance for IEA buy, sees closure in Oct
US infrastructure builder MasTec (NYSE:MTZ), which agreed to take over renewables specialist Infrastructure and Energy Alternatives Inc (NASDAQ:IEA) in July, has fulfilled one of the conditions required to close the transaction and expects to conclude the process next month.
Read more: https://renewablesnow.com/news/mastec-obtains-hsr-clearance-for-iea-buy-sees-closure-in-oct-797139/
-- Ignitis to buy owner of 200-MW wind-solar project in Latvia
Lithuanian energy company Ignitis Grupe AB (VSE:IGN1L) said it has sealed a conditional deal to acquire a Latvian company developing a 200-MW hybrid wind-solar park project in its home country.
Read more: https://renewablesnow.com/news/ignitis-to-buy-owner-of-200-mw-wind-solar-project-in-latvia-797166/
-- Bboxx buys pay-as-you-go solar company PEG Africa
Bboxx is expanding its footprint in Africa by acquiring pay-as-you-go solar company PEG Africa.
Read more: https://renewablesnow.com/news/bboxx-buys-pay-as-you-go-solar-company-peg-africa-797187/
-- Atrato buys owner of 33-MW solar portfolio from GIG's Cero Generation
Renewables investment trust Atrato Onsite Energy plc (LSE:ROOF) said it has acquired a company that owns 33 MW of solar parks in the UK from Cero Generation, an independent portfolio company of Macquarie’s Green Investment Group (GIG).
Read more: https://renewablesnow.com/news/atrato-buys-owner-of-33-mw-solar-portfolio-from-gigs-cero-generation-797190/
-- Repsol sheds minority stake in E&P business to invest in renewables
Spanish multi-energy group Repsol SA (BME:REP) will raise billions of dollars for investments in renewable energies by selling a minority stake in its global upstream oil and gas business.
Read more: https://renewablesnow.com/news/repsol-sheds-minority-stake-in-ep-business-to-invest-in-renewables-797199/
-- New Actis platform buys majority stake in 450-MW wind project in Romania
Rezolv Energy, the clean power platform that was recently launched by Actis, has acquired a 51% stake in a 450-MW onshore wind project in Romania under development by UK renewables investor Low Carbon.
Read more: https://renewablesnow.com/news/new-actis-platform-buys-majority-stake-in-450-mw-wind-project-in-romania-797220/
-- EDPR closes 200-MW solar acquisition in Vietnam
Renewable energy giant EDP Renovaveis SA (ELI:EDPR) has finalised the acquisition of 200 MW of solar plants in Vietnam from domestic developer Xuan Thien Group.
Read more: https://renewablesnow.com/news/edpr-closes-200-mw-solar-acquisition-in-vietnam-797310/
-- TRIG buys rights to 250 MW of battery storage sites in England
The Renewables Infrastructure Group (LON:TRIG), an investment firm managed by InfraRed Capital Partners, said it has agreed to buy the right to develop 250 MW of battery storage projects in the North of England.
Read more: https://renewablesnow.com/news/trig-buys-rights-to-250-mw-of-battery-storage-sites-in-england-797328/
-- New US renewables developer Pathway Power secures USD-36m investment
San Diego, California-based renewable energy developer Pathway Power LLC said it has secured a USD-36-million strategic investment from Forest Road Renewables, part of speciality finance platform The Forest Road Company.
Read more: https://renewablesnow.com/news/new-us-renewables-developer-pathway-power-secures-usd-36m-investment-797454/
-- Prime Infra firm to buy 500-MW Philippine pumped-storage hydro project
Ahunan Power Inc, a portfolio company of Prime Infra Capital Inc, has agreed to take control of the developer of a 500-MW pumped-storage hydroelectric project in the Philippines.
Read more: https://renewablesnow.com/news/prime-infra-firm-to-buy-500-mw-philippine-pumped-storage-hydro-project-797500/