Renewables Now covered M&A stories about KKR, Norfund, RWE, Temasek and others in the past week. Below is the full list:
-- Encavis buys 48-MWp Dutch solar trio from BayWa
German solar and wind farm operator Encavis AG (ETR:ECV) said it has acquired a 48-MWp portfolio of three solar parks in the Netherlands from compatriot BayWa r.e. AG.
Read more: https://renewablesnow.com/news/encavis-buys-48-mwp-dutch-solar-trio-from-baywa-795460/
-- France's Albioma enters Brazilian solar market with 32-MWp acquisition
French independent renewable energy producer Albioma SA (EPA:ABIO) has set foot into the Brazilian solar market after purchasing a 31.6-MWp portfolio of photovoltaic (PV) parks in the South American country.
Read more: https://renewablesnow.com/news/frances-albioma-enters-brazilian-solar-market-with-32-mwp-acquisition-795466/
-- Australia's New Energy Solar to wind up after USD-245m sale of US portfolio
New Energy Solar Ltd (ASX:NEW) has agreed to offload its US solar portfolio to an associate of financial services group Goldman Sachs (NYSE:GS) in a USD-244.5-million deal that will result in the winding up of the Aussie firm.
Read more: https://renewablesnow.com/news/australias-new-energy-solar-to-wind-up-after-usd-245m-sale-of-us-portfolio-795470/
-- Palisade Real Assets buys UK bioenergy plant
Australia’s Palisade Real Assets has bought Malaby Biogas Ltd, an organic waste anaerobic digestion plant in the UK, marking the first investment for its UK bioenergy platform BioticNRG Ltd.
Read more: https://renewablesnow.com/news/palisade-real-assets-buys-uk-bioenergy-plant-795491/
-- MN8 buys option to acquire US Solar Fund’s stake in 200-MW US solar farm
US Solar Fund Plc (LON:USF) has sold an option for MN8 Energy LLC, formerly known as Goldman Sachs Renewable Power LLC, to buy the London-listed fund’s 50% stake in the 200-MW DC Mount Signal 2 solar farm in California.
Read more: https://renewablesnow.com/news/mn8-buys-option-to-acquire-us-solar-funds-stake-in-200-mw-us-solar-farm-795556/
-- Encavis buying 26-MWp shovel-ready solar project in England
German solar and wind farm operator Encavis AG (ETR:ECV) is in the process of acquiring a 26-MWp solar project with a ready-to-build status in England, gearing to start construction “as soon as possible.”
Read more: https://renewablesnow.com/news/encavis-buying-26-mwp-shovel-ready-solar-project-in-england-795589/
-- KKR, GCM Grosvenor invest in renewables developer Arevia Power
Global investment firm KKR (NYSE:KKR) said it has led a structured investment in Arevia Power, a US renewables developer with a multi-gigawatt portfolio of early-stage solar and wind projects.
Read more: https://renewablesnow.com/news/kkr-gcm-grosvenor-invest-in-renewables-developer-arevia-power-795601/
-- Fervo raises USD 138m for geothermal power plants construction
US geothermal projects developer Fervo Energy announced it has raised USD 138 million in a funding round led by investment firm DCVC that will support the build-out of geothermal power plants.
Read more: https://renewablesnow.com/news/fervo-raises-usd-138m-for-geothermal-power-plants-construction-795611/
-- Germany's Steag buys into PV monitoring start-up Solytic
German power group Steag GmbH is acquiring an interest in Berlin-based cleantech Solytic GmbH which operates a digital platform designed to enhance the performance of solar parks.
Read more: https://renewablesnow.com/news/germanys-steag-buys-into-pv-monitoring-start-up-solytic-795623/
-- Energiekontor sells 11.4-MW wind project in Germany
German renewables developer and operator Energiekontor AG (ETR:EKT) said it has divested an 11.4-MW wind project in Hesse to Hamburg-based investment manager MPC Capital AG (ETR:MPCK).
Read more: https://renewablesnow.com/news/energiekontor-sells-114-mw-wind-project-in-germany-795654/
-- Norfund, KLP invest in 420-MW Indian solar project of Enel
Norfund and Norwegian pension company KLP have agreed to jointly acquire a 49% stake in a 420-MW DC solar power plant being built in India by Italy’s Enel Green Power.
Read more: https://renewablesnow.com/news/norfund-klp-invest-in-420-mw-indian-solar-project-of-enel-795677/
-- Priority Power buys Affordable Gas' solar development business
US renewable power and demand response solutions provider Priority Power Management Inc said it has acquired the energy procurement, consulting and solar development business of compatriot Affordable Gas & Electric Company LLC (AGE).
Read more: https://renewablesnow.com/news/priority-power-buys-affordable-gas-solar-development-business-795705/
-- Ares fund buys Illinois crane rental firm serving wind turbines
A fund of alternative investment manager Ares Management Corporation (NYSE:ARES) has acquired a controlling stake in Atlas Crane Service LLC, an Aurora, Illinois-based crane rental company mainly serving the wind sector, the latter said.
Read more: https://renewablesnow.com/news/ares-fund-buys-illinois-crane-rental-firm-serving-wind-turbines-795750/
-- Octopus Energy invests in UK renewables developer Exagen via new fund
UK energy supplier Octopus Energy Group today launched a EUR-220-million green energy fund and announced the new vehicle’s first investment, in UK renewables developer Exagen.
Read more: https://renewablesnow.com/news/octopus-energy-invests-in-uk-renewables-developer-exagen-via-new-fund-795832/
-- RWE buys Polish solar developer with 3-GW pipeline
German energy major RWE AG (ETR:RWE) said it has acquired Polish photovoltaic (PV) project developer Alpha Solar, together with its project pipeline of roughly 3 GW.
Read more: https://renewablesnow.com/news/rwe-buys-polish-solar-developer-with-3-gw-pipeline-795870/
-- Greencoat UK wraps up 12.5% purchase of 1.2-GW Hornsea One
Greencoat UK Wind Plc (LON:UKW) has finalised the acquisition of a net 12.5% stake in the 1.2-GW Hornsea One wind farm in UK waters, the renewable energy fund managed by Greencoat Capital LLP said.
Read more: https://renewablesnow.com/news/greencoat-uk-wraps-up-125-purchase-of-12-gw-hornsea-one-795986/
-- Temasek, EQT Infrastructure JV buys 55-MW solar bundle in India
Indian renewable energy power producer O2 Power has acquired a 55-MW portfolio of solar parks from domestic panel maker Emmvee Photovoltaic Power, the buyer said.
Read more: https://renewablesnow.com/news/temasek-eqt-infrastructure-jv-buys-55-mw-solar-bundle-in-india-796003/
-- Everfuel to set up Swedish JV for 100-MW green hydrogen project
Danish hydrogen mobility-focused company Everfuel A/S (FRA:0HR) will be partnering with Sweden’s Karlstads Energi to probe the potential for installing electrolysers to create a green hydrogen hub in Sweden with a potential capacity of 100 MW.
Read more: https://renewablesnow.com/news/everfuel-to-set-up-swedish-jv-for-100-mw-green-hydrogen-project-796021/
-- Turkey's Dost Enerji, RES strike wind project deal, asset management
UK-based independent renewables company RES Group said it has sold its 50-MW Isiklar wind farm project in Turkey to Dost Enerji, and signed an asset management agreement with the Turkish wind energy developer.
Read more: https://renewablesnow.com/news/turkeys-dost-enerji-res-strike-wind-project-deal-asset-management-796065/
-- Smartenergy takes control of Portuguese solar developer Rewatt
Swiss investment firm Smartenergy Group AG announced it has sealed a deal to buy a majority stake in Portuguese rooftop solar developer Rewatt, specialising in self-consumption installations for the local commercial and industrial (C&I) sector.
Read more: https://renewablesnow.com/news/smartenergy-takes-control-of-portuguese-solar-developer-rewatt-796075/
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