Renewables Now covered M&A stories about Shell, Boralex, First Solar, KKR and others in the past week. Below is the full list:
-- Shell, Nickel Asia JV eyes up to 3 GW of renewables in the Philippines
British oil giant Shell Plc (LON:SHEL) and the green energy unit of nickel ore miner Nickel Asia Corp (NIKL:PHS) have formed a joint venture targeting to deploy up to 3 GW of renewable energy capacity in the Philippines.
Read more: https://renewablesnow.com/news/shell-nickel-asia-jv-eyes-up-to-3-gw-of-renewables-in-the-philippines-790414/
-- Boralex snaps up 338 MW of UK renewables under deal with Infinergy
Canadian renewables developer Boralex Inc (TSE:BLX) has acquired Infinergy’s 338-MW development portfolio of wind, solar and energy storage projects in the UK and taken full control of a joint venture with the British developer.
Read more: https://renewablesnow.com/news/boralex-snaps-up-338-mw-of-uk-renewables-under-deal-with-infinergy-790542/
-- Eolus lifts stake in 200-MW Swedish wind project
Swedish wind project developer Eolus Vind AB (STO:EOLU-B) has struck a deal to lift its participating interest in a roughly 200-MW wind project in Sweden, in which it is partnering with domestic developer DalaVind AB.
Read more: https://renewablesnow.com/news/eolus-lifts-stake-in-200-mw-swedish-wind-project-790549/
-- Brazil's Vibra Energia to take 50% stake in local biogas firm
Brazilian energy company Vibra Energia SA (BVMF:VBBr3) said it will acquire a 50% stake in local biogas producer and distributor ZEG Biogas e Energia SA.
Read more: https://renewablesnow.com/news/brazils-vibra-energia-to-take-50-stake-in-local-biogas-firm-790550/
-- Israel's Enlight to acquire, co-develop 525 MW of solar, wind projects in Croatia
Israeli company Enlight Renewable Energy said it has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia.
Read more: https://renewablesnow.com/news/israels-enlight-to-acquire-co-develop-525-mw-of-solar-wind-projects-in-croatia-790591/
-- First Solar unloads 293-MWp Japanese solar development platform to PAG
First Solar Inc (NASDAQ:FSLR) said it has finalised the divestment of its 293-MW direct current (DC) utility-scale solar project development platform in Japan to funds managed by Asia Pacific-focused private investment manager PAG Real Assets.
Read more: https://renewablesnow.com/news/first-solar-unloads-293-mwp-japanese-solar-development-platform-to-pag-790668/
-- Onward Energy to buy 1.2-GW solar bundle from KKR subsidiary
US independent power generator Onward Energy said it has agreed to acquire a 1,171-MW portfolio of operating solar projects in the US from life insurance and annuity Global Atlantic Financial Group, a majority-owned subsidiary of investment firm KKR.
Read more: https://renewablesnow.com/news/onward-energy-to-buy-12-gw-solar-bundle-from-kkr-subsidiary-790690/
-- Solar co R.Power seeks to raise funds from new minority investor
Polish solar project developer and power producer R.Power SA hopes to attract a new minority investor through the launch of a primary equity capital raise, it announced.
Read more: https://renewablesnow.com/news/solar-co-rpower-seeks-to-raise-funds-from-new-minority-investor-790699/
-- KKR secures EC clearance for tender offer targeting Albioma
US buyout firm KKR & Co Inc (NYSE:KKR) has recently obtained the needed authorisation from the European Commission for its tender offer targeting all shares and warrants of French independent renewable energy producer Albioma SA (EPA:ABIO).
Read more: https://renewablesnow.com/news/kkr-secures-ec-clearance-for-tender-offer-targeting-albioma-790714/
-- Nelnet buys US solar EPC firm GRNE
Nelnet (NYSE:NNI), a diversified financial services and technology company that has its own renewables-dedicated unit, has bought a controlling stake in GRNE Solar, a solar engineering, procurement and construction (EPC) services provider operating in the US Midwest.
Read more: https://renewablesnow.com/news/nelnet-buys-us-solar-epc-firm-grne-790723/
-- Romania's Electrica to buy local 12 MWp solar power project
Romanian power supplier and distributor Electrica (BSE:EL) said it has signed an agreement to acquire local solar energy project Vulturu for EUR 600,000.
Read more: https://renewablesnow.com/news/romanias-electrica-to-buy-local-12-mwp-solar-power-project-790756/
-- Scottish solar developer Renewco buys 1.5-GW US pipeline
Scottish renewables developer Renewco Power said it is expanding its platform to the US by acquiring a 1.5-GW pipeline of early-stage solar projects along with 500 MW of battery storage projects from Virginia-based Beaufort Rosemary.
Read more: https://renewablesnow.com/news/scottish-solar-developer-renewco-buys-15-gw-us-pipeline-790763/
-- KGAL, partners buy remaining 20% of 402-MW wind farm off Germany
Investment and asset manager KGAL GmbH & Co KG, Commerz Real AG and Ingka Group have acquired the remaining 20% of the 402-MW Veja Mate wind park in the North Sea off the German coast.
Read more: https://renewablesnow.com/news/kgal-partners-buy-remaining-20-of-402-mw-wind-farm-off-germany-790778/
-- RIC Energy sells 115-MWp solar project in Spain
Spanish solar PV developer RIC Energy has sold a 115-MWp solar project it has been developing in central Spain to investment manager Everwood Capital, it said.
Read more: https://renewablesnow.com/news/ric-energy-sells-115-mwp-solar-project-in-spain-790828/
-- Canadian Solar sells 345-MWp duo in NSW to CalEnergy
Canadian Solar Inc (NASDAQ:CSIQ) has concluded the sale of two solar farms in the Australian state of New South Wales with a combined capacity of 345 MWp to a subsidiary of Northern Powergrid Holdings Company.
Read more: https://renewablesnow.com/news/canadian-solar-sells-345-mwp-duo-in-nsw-to-calenergy-790897/
-- ERG closes acquisition of 34 MW of solar arrays in Italy
Italian energy company ERG SpA (BIT:ERG) announced it has finalised taking possession of 33.8 MW of solar arrays at home.
Read more: https://renewablesnow.com/news/erg-closes-acquisition-of-34-mw-of-solar-arrays-in-italy-790969/
-- Germany's Juwi, Windwaerts fuse to form new renewables entity
German renewables developer Juwi announced it has joined forces with Hanover-based peer Windwaerts Energie to create a company under one name and brand -- JUWI.
Read more: https://renewablesnow.com/news/germanys-juwi-windwaerts-fuse-to-form-new-renewables-entity-791030/
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