Renewables Now covered M&A stories about Morgan Stanley, Green Plains, Glennmont, Eni and others in the past week. Below is the full list:
-- Morgan Stanley shelves plan for PNE sale
Morgan Stanley has scrapped the plan to offload its entire interest in German wind power-focused renewables company PNE AG.
Read more: https://renewablesnow.com/news/morgan-stanley-shelves-plan-for-pne-sale-812833/
-- Fluxys invests in Germany's Open Grid Europe
Belgium-based energy infrastructure group Fluxys has inked a deal with Macquarie Asset Management to take a stake of about 24% in Germany-based gas transmission system operator Open Grid Europe GmbH (OGE) as part of its push to support the energy transition in Europe.
Read more: https://renewablesnow.com/news/fluxys-invests-in-germanys-open-grid-europe-812867/
-- MPower acquires 5-MW shovel-ready solar project in Victoria
Sydney-based MPower Group Ltd has acquired a 5-MW solar project with a shovel-ready status in the Aussie state of Victoria, the renewable energy project developer said.
Read more: https://renewablesnow.com/news/mpower-acquires-5-mw-shovel-ready-solar-project-in-victoria-812944/
-- SSE buys rights to three solar sites in UK
UK energy company SSE PLC’s Solar and Battery unit has bought the rights to three solar sites in the county of Nottinghamshire, East Midlands, which are currently going through a formal planning application process.
Read more: https://renewablesnow.com/news/sse-buys-rights-to-three-solar-sites-in-uk-812952/
-- SUSI launches new platform to invest in Southeast Asia’s renewables
Swiss fund manager SUSI Partners will develop utility-scale renewable energy projects in Southeast Asia through a new platform set up together with local partner Pacific Impact Development.
Read more: https://renewablesnow.com/news/susi-launches-new-platform-to-invest-in-southeast-asias-renewables-812955/
-- EDPR closes 260-MW wind portfolio sale to Brazilian Copel
Renewable energy giant EDP Renovaveis SA has wrapped up the sale of a 260-MW operating wind portfolio in Brazil to local utility Companhia Paranaense de Energia, better known as Copel.
Read more: https://renewablesnow.com/news/edpr-closes-260-mw-wind-portfolio-sale-to-brazilian-copel-812966/
-- Bpifrance invests in French renewable power producer Qair
French investment bank Bpifrance has become a shareholder in compatriot Qair after taking part in a funding round supporting the renewable power producer’s growth in the domestic and foreign markets.
Read more: https://renewablesnow.com/news/bpifrance-invests-in-french-renewable-power-producer-qair-813130/
-- WEC Energy to buy majority stake in 250-MW solar park in Texas
Milwaukee-based utility holding company WEC Energy Group said it has clinched a deal to buy an 80% interest in the 250-MW Samson I Solar Energy Centre in Texas.
Read more: https://renewablesnow.com/news/wec-energy-to-buy-majority-stake-in-250-mw-solar-park-in-texas-813132/
-- Glennmont fund steps in Sweden with 47-MW wind purchase
UK fund manager and clean infrastructure investor Glennmont Partners will acquire a 47-MW portfolio of onshore wind farms in Sweden through its EUR-700-million fund with Dutch financial services firm MN.
Read more: https://renewablesnow.com/news/glennmont-fund-steps-in-sweden-with-47-mw-wind-purchase-813133/
-- Canadian Solar sells part of Italian fund with 124-MWp solar portfolio
Canadian Solar Inc will unload 30% of the preferred units of CSFS Fund I, its first Italian alternative investment fund which holds a 124.2-MWp portfolio of under-construction solar projects across Italy.
Read more: https://renewablesnow.com/news/canadian-solar-sells-part-of-italian-fund-with-124-mwp-solar-portfolio-813147/
-- Activist investor urges US Green Plains to find buyer
Ancora Holdings Group LLC, the second-largest shareholder of Green Plains Inc (NASDAQ:GPRE), urged the US biorefining company to start a review of strategic alternatives, including a sale, as a way to cope with the current macroeconomic challenges amid significant interest in renewable energy businesses.
Read more: https://renewablesnow.com/news/activist-investor-urges-us-green-plains-to-find-buyer-813154/
-- IFM Investors bets on RNG developer GreenGas
Australian pension fund manager IFM Investors has reached an agreement to buy a majority stake in US-based renewable natural gas (RNG) developer GreenGasUSA, marking the first low carbon fuels bet through its IFM Net Zero Infrastructure Fund (NZIF).
Read more: https://renewablesnow.com/news/ifm-investors-bets-on-rng-developer-greengas-813168/
-- United, Tallgrass, Green Plains to jointly invest USD 50m in SAF JV
US-based United Airlines Holdings Inc, energy infrastructure company Tallgrass and ethanol producer Green Plains Inc have agreed to set up a joint venture to develop a novel sustainable aviation fuel (SAF) technology that uses ethanol as its feedstock.
Read more: https://renewablesnow.com/news/united-tallgrass-green-plains-to-jointly-invest-usd-50m-in-saf-jv-813170/
-- Three Seas Initiative fund to buy into Polish solar developer R.Power
Luxembourg-based investor Three Seas Initiative Investment Fund SA SICAV-RAIF (3SIIF) has asked for antitrust approval to take joint control of Polish solar project developer R.Power, competition regulator UOKiK said.
Read more: https://renewablesnow.com/news/three-seas-initiative-fund-to-buy-into-polish-solar-developer-rpower-813177/
-- IKEA franchisee to buy stake in USD-1.4bn wind project in Victoria
The investment arm of Netherlands-based Ingka Group, the largest franchisee of Swedish furniture retailer IKEA, will buy a 15% stake in the AUD-2-billion Stage One of the 1,300-MW Golden Plains wind project in Victoria, Australia.
Read more: https://renewablesnow.com/news/ikea-franchisee-to-buy-stake-in-usd-14bn-wind-project-in-victoria-813301/
-- Eni may shed Plenitude stake to Norwegian fund - report
Italian oil and gas company Eni SpA is holding talks with Norwegian private equity firm HitecVision regarding a potential stake sale in its energy transition business Plenitude, sources in the know have told Reuters.
Read more: https://renewablesnow.com/news/eni-may-shed-plenitude-stake-to-norwegian-fund-report-813328/
-- TotalEnergies, Air Liquide to build hydrogen refueling network in Europe
French energy major TotalEnergies SE and compatriot industrial gases company Air Liquide will form a joint venture to roll out more than 100 hydrogen stations targetting heavy-duty vehicles in Europe in the coming years.
Read more: https://renewablesnow.com/news/totalenergies-air-liquide-to-build-hydrogen-refueling-network-in-europe-813330/
-- Infinite Green buys 11-MW solar farm to power WA electrolyser
Australia’s Infinite Green Energy, which last year changed its name to better reflect its focus on green hydrogen, has wrapped up the acquisition of the 11-MW Northam solar park in Western Australia to power a 10-MW electrolyser.
Read more: https://renewablesnow.com/news/infinite-green-buys-11-mw-solar-farm-to-power-wa-electrolyser-813332/
-- Scatec, Norfund offload interest in 258-MW solar park in S Africa
Norway’s Scatec ASA and Norfund are selling a combined 50% stake in the 258-MW Upington solar park in South Africa to a fund managed by STANLIB Asset Management Pty Ltd.
Read more: https://renewablesnow.com/news/scatec-norfund-offload-interest-in-258-mw-solar-park-in-s-africa-813340/
-- NTR buys 46-MW wind portfolio in France for 2nd renewables fund
Dublin-based infrastructure investor and asset manager NTR said it has wrapped up the final acquisition for its second renewable energy fund, taking over a 46-MW wind power portfolio in France.
Read more: https://renewablesnow.com/news/ntr-buys-46-mw-wind-portfolio-in-france-for-2nd-renewables-fund-813395/
-- Sale launched for owner of USD-21.2bn Australia-Asia solar link project - report
The cash-strapped company behind the AUD-30-billion Australia-Asia PowerLink (AAPowerLink) project that is set to deliver power to Singapore from a huge solar farm in Australia is due to be sold by the end of May, Bloomberg reports.
Read more: https://renewablesnow.com/news/sale-launched-for-owner-of-usd-212bn-australia-asia-solar-link-project-report-813416/
-- Enel to sell Greek green business with 551-MW portfolio - report
Italian energy major Enel SpA is in the process of selling its Greek subsidiary and its 551.2-MW portfolio of wind, solar and hydropower assets in a deal that could be worth up to EUR 1.2 billion, Italian daily Milano Finanza reports.
Read more: https://renewablesnow.com/news/enel-to-sell-greek-green-business-with-551-mw-portfolio-report-813421/
-- TotalEnergies selling half of 234-MW French solar, wind portfolio
TotalEnergies said it is selling a 50% stake in the 234-MW wind and solar portfolio in France to French insurance firm Credit Agricole Assurances.
Read more: https://renewablesnow.com/news/totalenergies-selling-half-of-234-mw-french-solar-wind-portfolio-813455/
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