Weekly renewables M&A round-up (Nov 28-Dec 2)

Renewables Now covered M&A stories about Shell, Glennmont, Blackstone, Eni and others in the past week. Below is the full list:

-- Encavis buys 69-MW wind farm in first Lithuanian acquisition

German wind and solar farm operator Encavis AG (ETR:ECV) said it has agreed to acquire a 69.3-MW wind farm in Lithuania, marking its entry into the Lithuanian market.

Read more: https://renewablesnow.com/news/encavis-buys-69-mw-wind-farm-in-first-lithuanian-acquisition-806224/

-- GreenYellow buys Qair’s unit in Vietnam, stake in 50-MWp solar park

French clean energy solutions provider GreenYellow has acquired the Vietnamese unit of compatriot Qair along with its majority interest in a 49.5-MWp solar farm in the Asian country’s Binh Dinh province.

Read more: https://renewablesnow.com/news/greenyellow-buys-qairs-unit-in-vietnam-stake-in-50-mwp-solar-park-806243/

-- Coro Energy in talks to buy 3.25-MW rooftop solar portfolio in Vietnam

UK-based and southeast Asia-focused Coro Energy Plc (LON:CORO) has started exclusive talks to acquire a leased rooftop solar portfolio in Vietnam with a total generating capacity of 3.25 MW.

Read more: https://renewablesnow.com/news/coro-energy-in-talks-to-buy-325-mw-rooftop-solar-portfolio-in-vietnam-806249/

-- OX2 sells 145-MW wind project in Finland to Helen, Bank of Aland

Swedish renewables developer OX2 AB (STO:OX2) said it has sold the 145-MW Niinimaki wind farm project in Finland to Finnish energy utility Helen and the Bank of Aland’s Wind Power Fund.

Read more: https://renewablesnow.com/news/ox2-sells-145-mw-wind-project-in-finland-to-helen-bank-of-aland-806282/

-- Bravo Infrastructure Group buys US solar EPC firm Radiance

Bravo Infrastructure Group LLC (BIG) announced the takeover of Radiance Solar LLC, an engineering, procurement and construction (EPC) contractor specialising in solar projects for commercial and industrial (C&I) customers in the US.

Read more: https://renewablesnow.com/news/bravo-infrastructure-group-buys-us-solar-epc-firm-radiance-806316/

-- Encavis buys 55-MW shovel-ready Spanish PV project from Hive

Encavis AG (ETR:ECV) has taken possession of a 55-MW ready-to-build solar project in Spain and will be looking for additional acquisitions in the Iberian country, the German wind and solar farm operator said.

Read more: https://renewablesnow.com/news/encavis-buys-55-mw-shovel-ready-spanish-pv-project-from-hive-806400/

-- Shell to buy Danish biogas maker Nature Energy for USD 2bn

British oil and gas giant Shell Plc (LON:SHEL) has inked a deal to acquire Danish biomethane and renewable energy producer Nature Energy Biogas A/S for nearly USD 2 billion in a push to expand its low carbon fuels production.

Read more: https://renewablesnow.com/news/shell-to-buy-danish-biogas-maker-nature-energy-for-usd-2bn-806418/

-- Brazilian steelmaker Gerdau secures power supply via investment in Newave

Brazilian steel producer Gerdau SA (BVMF:GGBR4), NW Capital and funds managed by XP Investimentos have agreed to invest up to BRL 4.5 billion in renewable power producer and trader Newave Energia SA.

Read more: https://renewablesnow.com/news/brazilian-steelmaker-gerdau-secures-power-supply-via-investment-in-newave-806463/

-- I Squared Capital's Cube Green Energy buys 28-MW wind trio in Germany

Cube Green Energy, a renewables platform launched a year ago by I Squared Capital, has acquired three German onshore wind farms with a combined capacity of 28 MW, it was announced.

Read more: https://renewablesnow.com/news/i-squared-capitals-cube-green-energy-buys-28-mw-wind-trio-in-germany-806524/

-- Spain's Greenalia buys 502 MWp of solar projects in Texas

Spanish renewables developer Greenalia announced it has acquired three utility-scale solar projects totalling 502 MWp in Texas.

Read more: https://renewablesnow.com/news/spains-greenalia-buys-502-mwp-of-solar-projects-in-texas-806550/

-- Activate Renewables buys solar easements in N Carolina, Texas

US real estate and royalties investor Activate Renewables said it has completed the purchase of a real estate portfolio related to five solar projects located across North Carolina and Texas.

Read more: https://renewablesnow.com/news/activate-renewables-buys-solar-easements-in-n-carolina-texas-806597/

-- Sonnedix buys 299-MW solar package in UK

Global independent power producer (IPP) Sonnedix Power Holdings Ltd said it has acquired five solar PV projects with a combined capacity of 299 MW in the UK to expand its presence in the local market.

Read more: https://renewablesnow.com/news/sonnedix-buys-299-mw-solar-package-in-uk-806611/

-- Galileo buys 20% of French solar developer Mozaik Energies

Pan-European renewable energy developer Galileo Green Energy GmbH has acquired a 20% stake in French solar project developer and plant operator Mozaik Energies and will jointly invest in France’s utility-scale solar sector.

Read more: https://renewablesnow.com/news/galileo-buys-20-of-french-solar-developer-mozaik-energies-806612/

-- Glennmont enters S Korean solar investment JV with SK D&D

UK fund manager and clean infrastructure investor Glennmont Partners and South Korean real estate group SK D&D Ltd (KRX:210980) will jointly invest in solar projects in South Korea, starting with an initial scheme of 80 MW.

Read more: https://renewablesnow.com/news/glennmont-enters-s-korean-solar-investment-jv-with-sk-dd-806618/

-- Battery cells developer KORE Power bags USD 75m to build gigafactory

US lithium-ion battery cells developer KORE Power Inc has closed a USD-75-million tranche of an investment round led by Siemens Financial Services that is expected to total USD 150 million.

Read more: https://renewablesnow.com/news/battery-cells-developer-kore-power-bags-usd-75m-to-build-gigafactory-806645/

-- Zetwerk buys solar tracker, wind turbine components supplier Unimacts

India-based industrial machinery manufacturing firm Zetwerk Manufacturing has taken over Unimacts, a US-based supplier of solar tracker and wind turbine components, at a valuation of USD 39 million.

Read more: https://renewablesnow.com/news/zetwerk-buys-solar-tracker-wind-turbine-components-supplier-unimacts-806819/

-- Aquila Capital acquires 24-MW wind farm in Sweden for Swiss foundation

Hamburg-based investment and asset development company Aquila Capital said it has advised a Swiss investment foundation on its acquisition of a 24-MW wind farm in southwestern Sweden.

Read more: https://renewablesnow.com/news/aquila-capital-acquires-24-mw-wind-farm-in-sweden-for-swiss-foundation-806824/

-- Blackstone completes investment in Esdec Solar Group

US investment giant Blackstone (NYSE:BX) announced the completion of a deal for a significant strategic investment in Dutch rooftop solar mounting systems firm Esdec Solar Group BV, a portfolio company of European private equity investor Rivean Capital.

Read more: https://renewablesnow.com/news/blackstone-completes-investment-in-esdec-solar-group-806861/

-- Solar investor Empower raises USD 74m to proceed with new projects in Africa

Africa-focused solar developer and impact investor Empower New Energy announced it has recently raised USD 74 million in equity, which has allowed it to make new investments in Morocco and Nigeria.

Read more: https://renewablesnow.com/news/solar-investor-empower-raises-usd-74m-to-proceed-with-new-projects-in-africa-806872/

-- United Airlines invests in battery firm for greener ground operations

United Airlines Holdings Inc (NASDAQ:UAL) has invested in battery manufacturer Natron Energy with the expectation that Natron's sodium-ion batteries can help it further electrify its ground operations, it was announced.

Read more: https://renewablesnow.com/news/united-airlines-invests-in-battery-firm-for-greener-ground-operations-806925/

-- Canada's Envest acquires green energy provider Bullfrog Power

Canadian clean energy provider Envest Corp announced the acquisition of compatriot Bullfrog Power in a move that will enable the green energy retailer to expand its sustainability offerings and grow its US business.

Read more: https://renewablesnow.com/news/canadas-envest-acquires-green-energy-provider-bullfrog-power-806958/

-- ACEN to buy owner of 60-MWp solar park in the Philippines

Philippines-based AC Energy Corp (PSE:ACEN) will acquire the developer of a 60-MWp solar park project in the Philippines, expecting the deal to be completed by mid-December, it said in a bourse filing.

Read more: https://renewablesnow.com/news/acen-to-buy-owner-of-60-mwp-solar-park-in-the-philippines-806960/

-- Eni's Plenitude buys renewables company with 1.6-GW portfolio

Plenitude, the energy transition business of Italian oil and gas company Eni SpA (BIT:ENI), has clinched a deal to acquire Italian renewable project developer, power producer and retailer PLT, taking hold of its 1.6-GW fleet in Italy and Spain.

Read more: https://renewablesnow.com/news/enis-plenitude-buys-renewables-company-with-16-gw-portfolio-806980/

-- Octopus Energy acquires UK rooftop solar developer Zestec

UK energy supplier Octopus Energy Group said its generation arm has acquired solar developer Zestec Renewable Energy, which is developing a pipeline of more than 160 MW of solar projects on corporate rooftops in the UK.

Read more: https://renewablesnow.com/news/octopus-energy-acquires-uk-rooftop-solar-developer-zestec-807021/

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