September 10 (Renewables Now) - September 10 (Renewables Now) - Renewables Now covered M&A stories about Naturgy, RWE, Macquarie’s GIG, Duke Energy and others over the past week. Below is the full list:
-- Only 1.8% of Good Energy shareholders accept Ecotricity’s offer
UK green energy supplier Ecotricity Group Ltd’s offer to buy all of rival Good Energy Group PLC (LON:GOOD), in which it already owns about 25.1%, has been accepted only by holders of 1.8% of the target’s share capital, it was announced.
-- Greece's Mytilineos to sell two solar farms in Romania to Enel Green Power
Greek industrial conglomerate Mytilineos said that it has signed an agreement to sell a 90MW solar portfolio in Romania, consisting of two photovoltaic farms, to Enel Green Power Romania, part of Italy's Enel Group.
-- Recurrent Energy sells majority stake in 350-MW storage reliability project
US renewables developer Recurrent Energy LLC, owned by Canadian Solar Inc (NASDAQ:CSIQ), has completed the sale of an 80% stake in the 350-MW/1,400-MWh Crimson energy storage project in the California desert to Axium Infrastructure.
-- Aussie fund IFM cleared to buy 22.7% stake in Naturgy
Spain’s market regulator CNMV granted its approval for Australia’s IFM Global Infrastructure Fund (IFM GIF) to take a stake in Spanish power and gas utility Naturgy Energy Group SA (BME:NTGY) in a partial takeover deal that could fetch up to EUR 4.85 billion.
-- Deutsche Windtechnik acquires Texas firm to boost US turbine O&M biz
German wind turbine technology specialist Deutsche Windtechnik AG has agreed to acquire the wind turbine maintenance and services business of Amarillo, Texas-based electrical services provider Cooke Power Services in a deal that has doubled the number of its travelling technicians in the US.
-- Enkraft buys into RWE and pushes for lignite activities separation
Activist investor Enkraft Capital GmbH has built a notable ownership interest in RWE AG (ETR:RWE) and is now urging the German energy major to separate its lignite activities from the group and to focus on its renewable energy operations.
-- Norway's Magnora hikes stake in Swedish solar farm developer Helios
Norwegian renewable energy investor Magnora ASA (OSE:MGN) said that it has boosted its ownership in Swedish large-scale solar farm developer Helios Nordic Energy AB to 40% from 25%, as the target company aims to double its capacity to 2 GW by the end of 2022.
Green Investment Group Ltd (GIG), part of Australian investment bank Macquarie Group Ltd (ASX:MQG), has acquired the developer of the 400-MW Sceirde Rocks offshore wind project in Galway in the West of Ireland.
-- iSun to buy solar installer SunCommon in USD-40m deal
US solar energy and clean mobility infrastructure firm iSun Inc (NASDAQ:ISUN) has agreed to acquire photovoltaic (PV) installer SolarCommunities Inc, also known as SunCommon, in a cash-and-stock deal worth USD 40 million.
-- Nebras Power forms JV in Brazil to manage over 13 GW of solar, hydro
Qatar-based Nebras Power Investment Management BV (NPIM) has formed a joint venture (JV) with Brazilian power investment Companhia Energetica Integrada (CEI), to operate and manage over 13 GW of mainly solar projects in Brazil.
-- Swiss-American Energy Vault on course to go public in US through SPAC deal
Swiss-American grid-scale energy storage technology developer Energy Vault Inc is heading to the US public markets through an agreed merger with special purpose acquisition company Novus Capital Corporation II (NYSE:NXU), which will give the combined company a pro-forma enterprise value of USD 1.1 billion.
-- MPCES finds partner for up to 100-MW solar project in Dominican Republic
The Netherlands-based sustainable energy company MPC Energy Solutions NV (FRA:5IX) has secured a partner on the development and construction of a solar power project of some 50 MW to 100 MW in the Dominican Republic.