Weekly renewables M&A round-up (Sept 19-23)

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September 23 (Renewables Now) - Renewables Now covered M&A stories about Ørsted, Mahindra Susten, and others in the past week. Below is the full list:

-- Spain's Solarpack to acquire peer Solaer

Spanish solar energy developer and producer Solarpack, part of Swedish investment firm EQT AB (STO:EQT), said on Saturday it had signed an agreement to acquire compatriot and peer Solaer Holding SL.

Read more: https://renewablesnow.com/news/spains-solarpack-to-acquire-peer-solaer-798321/

-- Partners Group to sell stake in 731.5-MW Borssele III & IV offshore complex

Swiss investment management firm Partners Group (SWX:PGHN) has agreed to offload a 20% stake in the 731.5-MW Borssele III & IV offshore wind complex in Dutch waters.

Read more: https://renewablesnow.com/news/partners-group-to-sell-stake-in-7315-mw-borssele-iii-iv-offshore-complex-798307/

-- Ontario Teachers' to buy 30% of Indian solar group Mahindra Susten

Ontario Teachers' Pension Plan Board has agreed to acquire a 30% stake in Indian solar installer Mahindra Susten Pvt Ltd, a unit of automotive group Mahindra & Mahindra (NSE:M&M), in a deal with an equity value of INR 23.7 billion (USD 397.1m/EUR 298m).

Read more: https://renewablesnow.com/news/ontario-teachers-to-buy-30-of-indian-solar-group-mahindra-susten-798323/

-- Malaysia's Yinson steps in Indonesia with investment in PT Ineco Solar

Malaysian energy infrastructure company Yinson Holdings Bhd (KLSE:YINSON) has acquired a majority stake in Indonesian solar solutions provider PT Ineco Solar Solutions, thus setting foot into the country’s renewable energy market.

Read more: https://renewablesnow.com/news/malaysias-yinson-steps-in-indonesia-with-investment-in-pt-ineco-solar-798320/

-- Qair to embark on waste-to-energy project near London

French renewable energy producer Qair Group has acquired the right to a waste-to energy project near London as part of the acquisition of UK waste management company Britaniacrest Recycling Ltd.

Read more: https://renewablesnow.com/news/qair-to-embark-on-waste-to-energy-project-near-london-798331/

-- Goldbeck Solar buys GP JOULE's N American EPC business

German renewables developer Goldbeck Solar has unveiled the acquisition of the North American photovoltaic (PV) - engineering, procurement and construction (EPC) business of energy solutions company GP JOULE GmbH, expanding its position in the Americas.

Read more: https://renewablesnow.com/news/goldbeck-solar-buys-gp-joules-n-american-epc-business-798359/

-- Matrix Renewables buys 4.6-GW portfolio of solar projects in US

Spanish-American renewable energy platform Matrix Renewables has acquired a 4.6-GW portfolio of utility-scale solar power projects across the central US from Minneapolis-based SolarStone Partners.

Read more: https://renewablesnow.com/news/matrix-renewables-buys-46-gw-portfolio-of-solar-projects-in-us-798376/

-- Nautilus acquires 25 MW of community solar projects in New York

Nautilus Solar Energy LLC announced on Monday the purchase of two New York-based community solar portfolios totalling 25 MW from international developer Cipriani Energy Group Corp.

Read more: https://renewablesnow.com/news/nautilus-acquires-25-mw-of-community-solar-projects-in-new-york-798458/

-- Greenbacker buys 54 MW wind project in Illinois

US sustainable infrastructure investor Greenbacker Renewable Energy Company LLC (GREC) has bought its first wind energy asset in the state of Illinois, a 54-MW to-be-constructed wind farm that is expected to reach commercial operation in 2024.

Read more: https://renewablesnow.com/news/greenbacker-buys-54-mw-wind-project-in-illinois-798589/

-- India's Hero Future Energies gets USD-450m cash boost from parent, KKR

US private equity giant KKR & Co (NYSE:KKR) and Indian industrial conglomerate Hero Group have agreed to pour USD 450 million (EUR 451.5m) into the latter’s renewable energy business.

Read more: https://renewablesnow.com/news/indias-hero-future-energies-gets-usd-450m-cash-boost-from-parent-kkr-798474/

-- RNG producer Northern Biogas attracts private equity backer

US private equity firm H.I.G. Capital has taken a controlling interest in Morgantown, West Virginia-based waste-to-renewable natural gas company Northern Biogas LLC.

Read more: https://renewablesnow.com/news/rng-producer-northern-biogas-attracts-private-equity-backer-798543/

-- Correlate unveils non-binding deal to buy Aegis Renewable Energy

US clean energy solutions provider Correlate Infrastructure Partners Inc (OTCQB:CIPI) has inked a non-binding letter of intent (LOI) to take over local solar company Aegis Renewable Energy Inc in a deal aimed at enhancing its sales, development and construction capabilities.

Read more: https://renewablesnow.com/news/correlate-unveils-non-binding-deal-to-buy-aegis-renewable-energy-798625/

-- Enery buys 36-MWp solar bundle in Romania

Austrian renewable energy company Enery has acquired a 36-MWp solar portfolio in Romania in a deal that will further expand its position in the country.

Read more: https://renewablesnow.com/news/enery-buys-36-mwp-solar-bundle-in-romania-798792/

-- Mainspring raises USD 290m in Series E round

California-based Mainspring Energy, the maker of energy generators that can switch between biogas, hydrogen, and ammonia, has closed a USD-290-million (EUR 293m) Series E funding round.

Read more: https://renewablesnow.com/news/mainspring-raises-usd-290m-in-series-e-round-798964/

-- Enefit Green to buy 165 MW of solar projects in Estonia

Estonian renewables developer Enefit Green AS (TAL:EGR1T) said on Thursday that it has signed an agreement to acquire two early-stage solar projects in Parnu County, Estonia.

Read more: https://renewablesnow.com/news/enefit-green-to-buy-165-mw-of-solar-projects-in-estonia-798882/

-- Nexamp buying 45 MW of community solar projects in Illinois

US renewable energy plants developer and operator Cypress Creek Renewables has inked a deal to offload a 45-MW portfolio of community solar projects in Illinois to solar and storage developer Nexamp Inc.

Read more: https://renewablesnow.com/news/nexamp-buying-45-mw-of-community-solar-projects-in-illinois-798933/

-- Reliance unit to buy 20% of US perovskite solar tech firm Caelux

Indian conglomerate Reliance Industries Ltd (BOM:500325) has said its green energy arm has clinched a deal to acquire a 20% stake in Caelux Corp, a US-based company engaged in the development of perovskite-based solar technology.

Read more: https://renewablesnow.com/news/reliance-unit-to-buy-20-of-us-perovskite-solar-tech-firm-caelux-798928/

-- INVL Renewable Energy Fund buying 103-MW Romanian PV project bundle

A renewable energy fund managed by Lithuania’s INVL Asset Management has agreed to acquire a 102.7-MW portfolio of six solar projects in Romania, the construction of which is set to begin next year.

Read more: https://renewablesnow.com/news/invl-renewable-energy-fund-buying-103-mw-romanian-pv-project-bundle-798956/

-- Ørsted closes buy of wind, solar developer Ostwind

Danish offshore wind developer Ørsted (CPH:ORSTED) announced on Monday it has finalised the acquisition of Ostwind AG, a developer of solar and onshore wind parks in Germany and France with a roughly 1.7-GW portfolio.

Read more: https://renewablesnow.com/news/rsted-closes-buy-of-wind-solar-developer-ostwind-798447/

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Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.

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