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Weekly renewables M&A round-up (Sep 6-15)

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September 16 (Renewables Now) - Renewables Now covered M&A stories related to CEZ, SSE, Senvion and others over the past week. Below is the full list of deals:

-- Duke closes sale of 1.2 GW of renewables to John Hancock

US utility Duke Energy (NYSE:DUK) said it has completed the sale of 1.2 GW of wind, solar and battery storage assets to the John Hancock group, part of Canada’s Manulife Financial Corporation (TSE:MFC).

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-- Statkraft reportedly leads race to buy Continuum Wind

Norwegian state-owned utility Statkraft AS is leading the race to acquire Singapore-based and India-focused Continuum Wind Energy Ltd, newspaper Mint reports.

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-- CEZ launches market sounding to divest assets in Romania

Czech energy group CEZ said that it has launched a process for the sale of its assets in Romania.

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-- Bristol seeks JV partner for carbon neutral city project

Bristol City Council and local utility Bristol Energy are looking for a partner to deliver the so called City Leap project that envisages Bristol becoming the UK’s first carbon neutral city by 2030.

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-- DIF agrees acquisition of 50-MW wind park in Uruguay

Infrastructure fund manager DIF Capital Partners has agreed to buy a 50-MW wind park in Uruguay from Germany’s Enercon GmbH and Eab New Energy.

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-- Solarpack closes stake purchase in 43 MW of Peruvian PV farms

Solarpack Corporacion Tecnologica SA (BME:SPK) has become the sole owner of 43 MW of solar capacity in southern Peru after finalising the purchase of a 90.5% stake in the special purpose vehicles that control the two photovoltaic (PV) parks.

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-- Cummins closes buy of fuel cell systems supplier Hydrogenics

US engines and power generation products supplier Cummins Inc (NYSE:CMI) said it has finalised the acquisition of Canadian fuel cell and hydrogen production technologies firm Hydrogenics Corp (NASDAQ:HYGS).

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-- CEZ, Baywa r.e. take stakes in German rooftop PV platform Zolar

Czech energy group CEZ and BayWa r.e. Energy Ventures led a series B round in which Germany-based Zolar, which offers digital solutions for rooftop solar and battery storage systems, raised EUR 10 million.

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-- Holtec, Eos form multi-gigawatt battery manufacturing JV

US nuclear power-focused energy technology company Holtec International has formed a multi-gigawatt manufacturing joint venture with Eos Energy Storage to produce the latter’s next generation of aqueous zinc batteries.

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-- Chile's Gasco buys local developer of 150 MW of PV in Atacama

Empresas Gasco SA has acquired a 100% stake in Copiapo Energia Solar SpA, the company that, at present, is developing a 150-MW solar photovoltaic (PV) project in Chile’s Atacama region, the gas utility said in a brief regulatory filing.

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-- Alperia buys majority stake in Italian renewables player GPP

Italian utility Alperia SpA closed the acquisition of a 71.88% stake in Gruppo Green Power SpA (GPP), a renewable energy and energy efficiency solutions provider operating in Italy.

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-- Esdec buys US solar hardware suppliers IronRidge, Quick Mount PV

Dutch solar mounting systems supplier Esdec BV has taken over sector players IronRidge and Quick Mount PV, which operate in the US residential and commercial markets.

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-- Solar Frontier expands with 100-MW solar buy from GCL New Energy

Solar Frontier Americas said it has acquired a 100-MW solar project in Colorado from GCL New Energy, a unit of Chinese power producer GCL New Energy Holdings Ltd (HKG:0451).

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-- 8minute sells 67-MW under-construction PV project to Allianz

8minute Solar Energy has sold the equity interests in a 67-MW solar park in California to asset manager Allianz Global Investors for an undisclosed sum.

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-- Goldman Sachs reaches USD-1.9bn final close on solar DG investor

The asset management arm of investment bank Goldman Sachs Group Inc (NYSE:GS) has achieved a USD-1.9-billion final close on capital commitments to a new renewables investment firm.

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-- CIP sells interest in 196-MW Bearkat I wind farm in Texas

Danish fund manager Copenhagen Infrastructure Partners P/S (CIP) said it has sold its entire equity interest in the 196-MW Bearkat I wind farm in Texas.

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-- Statkraft starts Chilean wind business with 109-MW purchase

Norwegian state-owned renewable energy company Statkraft AS has acquired three wind farm projects in Chile from Torsa Chile SA, a unit of Spanish renewable energy firm Torsa Renovables SL.

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-- 7C Solarparken buys tariff-backed PV arrays from MaxSolar

German photovoltaic (PV) plants owner 7C Solarparken AG (ETR:HRPK) announced the acquisition of two newly-built solar arrays from engineering, procurement and construction (EPC) services provider MaxSolar GmbH.

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-- CIP acquires 374-MW portfolio of Spanish wind

Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure III K/S (CI-III), has confirmed the acquisition of the 374-MW Monegros portfolio of onshore wind projects in the Spanish region of Aragon.

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-- Greencoat Renewables to buy 20-MW Irish wind farm from Glennmont

Greencoat Renewables Plc (LON:GRP) said it has signed a deal to buy the 20-MW Gortahile wind farm in County Laois, Ireland, from Glennmont Partners.

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-- EDF Renewables snaps up 300 MW of German wind projects

EDF Renewables, a subsidiary of French power utility EDF (EPA:EDF), said it has acquired a 300-MW portfolio of under-development onshore wind projects in Germany from local renewables group Altus AG.

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-- Taaleri Energia fund buys 34-MW wind project in Norway

Finnish renewable energy developer Taaleri Energia Ltd said it has acquired, through its latest fund, a 34-MW wind farm project in Norway for an undisclosed sum.

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-- Etrion gets paid in full for sale of rights to 45-MW solar project

Solar power producer Etrion Corp (TSE:ETX) has received the final instalment of JPY 200 million stemming from an agreement to sell the rights to the 45-MW Kumamoto solar park project in Japan.

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-- Canadian Solar offloads 200-MW project in Texas to Duke

The renewables arm of Duke Energy (NYSE:DUK) has formally bought the 200-MW/266-MWp Rambler solar project in Texas from Recurrent Energy, part of Canadian Solar Inc (NASDAQ:CSIQ).

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-- CEE buys 14.4-MW wind farm in Germany from Juwi

German renewables developer Juwi Group has sold a 14.4-MW wind farm in central Germany to Hamburg-based asset manager CEE for an undisclosed sum.

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-- Wacker Chemie buys into UK battery materials maker Nexeon

German chemicals company Wacker Chemie AG (ETR:WCH) said it is buying a 25% interest in UK battery materials producer Nexeon Ltd.

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-- Luxcara buys 60 MW of Finnish projects from ABO Wind

German renewables investor and asset manager Luxcara GmbH announced it has acquired two wind projects in Finland with a combined capacity of 60 MW.

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-- Serbia's Aqua Mont lifts stake in Hidrotehnika-Hidroenergetika to 77.6%

Serbian company Aqua Mont Service has increased its stake in the capital of energy and hydropower facilities builder Hidrotehnika-Hidroenergetika [BEL:HDRT] to 77.6% from 70.1% as part of a buyout bid, Hidrotehnika-Hidroenergetika said.

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-- IKEA parent to buy 80% stake in seven Romanian wind farms from Vestas

Ingka Group, the parent company of Swedish furniture retailer IKEA, said it has signed an agreement to buy an 80% stake in seven Romanian wind farms from Danish wind turbine maker Vestas for 136 million euros.

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-- SSE seals GBP-500m deal to divest UK retail arm

UK utility SSE plc (LON:SSE) announced it has struck a GBP-500-million deal to sell its energy services business to Ovo Group Ltd.

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-- ERG concludes acquisition of 34 MW of German wind assets

Italian energy company ERG SpA (BIT:ERG) closed its acquisition of three wind parks in Germany with a combined capacity of 34 MW.

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-- Siemens Gamesa negotiating purchase of Senvion assets in Europe

Siemens Gamesa Renewable Energy SA (BME:SGRE) has won exclusivity to negotiate the acquisition of selected Services and Onshore assets in Europe from troubled German wind turbine maker Senvion SE (ETR:SEN).

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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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