Renewables Now covered M&A stories about Iberdrola, Grenergy, CIP and others in the past week. Below is the full list:
-- Solar corp funding globally shrinks to USD 24.1bn in 2022 - Mercom
Total corporate funding in the global solar sector, including venture capital (VC), public market and debt financing deals amounted to USD 24.1 billion in 2021, marking a 13% year-on-year drop in annual terms.
Read more: https://renewablesnow.com/news/solar-corp-funding-globally-shrinks-to-usd-241bn-in-2022-mercom-812038/
-- US Solar Fund to sell stake in 200-MW solar farm in California
US Solar Fund Plc said that US-based renewable energy producer MN8 Energy LLC has exercised its right to buy the London-listed renewable energy fund’s 50% stake in a 200-MW solar plant in California.
Read more: https://renewablesnow.com/news/us-solar-fund-to-sell-stake-in-200-mw-solar-farm-in-california-812116/
-- Innergex to acquire 60-MW Ontario solar portfolio
Canada’s Innergex Renewable Energy Inc said it will acquire a 60-MW portfolio containing three operational and fully contracted solar farms in the province of Ontario.
Read more: https://renewablesnow.com/news/innergex-to-acquire-60-mw-ontario-solar-portfolio-812167/
-- Global corp funding for battery storage hits USD 26.4bn in 2022
Corporate funding of energy storage companies reached an all-time high of USD 26.4 billion globally in 2022, up 55% in annual terms, according to a new report by Mercom Capital Group.
Read more: https://renewablesnow.com/news/global-corp-funding-for-battery-storage-hits-usd-264bn-in-2022-812187/
-- Iberdrola mulls selling part of US renewables business - report
Spanish utility Iberdrola SA is mulling over the potential divestment of a stake in its US renewable energy business as it seeks to cut debt and bankroll plans for new investments, sources in the know have told Bloomberg.
Read more: https://renewablesnow.com/news/iberdrola-mulls-selling-part-of-us-renewables-business-report-812199/
-- Grenergy eyeing stake sale in 1-GW solar portfolio in Spain - report
Spanish renewables company Grenergy Renovables SL is working to sell a 49% stake in a 1,094-MW solar PV portfolio it has in Spain, in a move that mirrors recent divestment efforts of power utility Iberdrola SA, which has been shedding non-controlling stakes in certain assets.
Read more: https://renewablesnow.com/news/grenergy-eyeing-stake-sale-in-1-gw-solar-portfolio-in-spain-report-812246/
-- Aneo acquires 89-MW wind duo in Sweden
Norwegian renewable energy firm Aneo, a portfolio company of Nordic private equity investor HitecVision, unveiled a deal to acquire two onshore wind farms in Sweden with a total capacity of 88.8 MW for about EUR 100 million.
Read more: https://renewablesnow.com/news/aneo-acquires-89-mw-wind-duo-in-sweden-812249/
-- Camber Energy to buy renewable diesel plant in Nevada
US diversified energy company Camber Energy Inc has reached a USD-750-million deal to buy a renewable diesel plant near Reno, Nevada which once operational is expected to have a production capacity of about 43 million gallons per year.
Read more: https://renewablesnow.com/news/camber-energy-to-buy-renewable-diesel-plant-in-nevada-812273/
-- BayWa r.e. sells 110 MWp of solar projects in UK
German renewables company BayWa r.e. AG has sold two solar projects in the UK, offloading 110 MWp to two different entities for an undisclosed price.
Read more: https://renewablesnow.com/news/baywa-re-sells-110-mwp-of-solar-projects-in-uk-812282/
-- CIP sheds 456-MW Canadian solar park with Amazon PPA to Axium
Copenhagen Infrastructure Partners (CIP) announced it has offloaded its 100% stake in the 456-MW/691-MW DC Travers solar park in Canada to a fund managed by Montreal-based Axium Infrastructure.
Read more: https://renewablesnow.com/news/cip-sheds-456-mw-canadian-solar-park-with-amazon-ppa-to-axium-812338/
-- Rise Light & Power ready to submit offshore wind proposal in New York
Rise Light & Power LLC, which plans a renewable repowering of New York City's largest fossil-fuel power plant, is getting ready to submit a proposal as part of New York State's third offshore wind solicitation.
Read more: https://renewablesnow.com/news/rise-light-power-ready-to-submit-offshore-wind-proposal-in-new-york-812371/
-- Grenergy confirms stake sale in Spanish solar assets
Spanish renewables firm Grenergy Renovables SL (BME:GRE) addressed media reports that it was planning to sell a minority stake in a 1.1-GW solar portfolio in Spain, stating that the news was true but the outcome of the sale process was uncertain.
Read more: https://renewablesnow.com/news/update-grenergy-confirms-stake-sale-in-spanish-solar-assets-812376/
-- Gore Street Energy buys 75-MW energy storage project in Texas
Gore Street Energy Storage Fund plc (LON:GSF) said it has agreed to acquire a 75-MW/150-MWh pre-construction energy storage project in Texas that will expand its US portfolio to 144.7 MW.
Read more: https://renewablesnow.com/news/gore-street-energy-buys-75-mw-energy-storage-project-in-texas-812453/
-- Sonnedix acquires 136-MWp Spanish solar portfolio
Global independent power producer (IPP) Sonnedix Power Holdings Ltd announced it has purchased a 136-MWp solar photovoltaic (PV) portfolio from Spanish renewables investor Qualitas Energy.
Read more: https://renewablesnow.com/news/sonnedix-acquires-136-mwp-spanish-solar-portfolio-812472/
-- Technique Solaire buys 6.2-MWp solar plant in India
French independent renewable power producer Technique Solaire announced it has completed the purchase of a 6.2-MWp ground-mounted photovoltaic (PV) plant in India.
https://renewablesnow.com/news/technique-solaire-buys-62-mwp-solar-plant-in-india-812478/
-- Foresight, partners tie up in 1-GW green H2 project in Germany
Funds managed by UK-based Foresight Group and its partners HH2E AG and HydrogenOne Capital Growth plc (LON:HGEN) unveiled plans to build an over 1-GW green hydrogen production complex in Saxony, eastern Germany.
Read more: https://renewablesnow.com/news/foresight-partners-tie-up-in-1-gw-green-h2-project-in-germany-812502/
-- CEE Group buys 82-MWp Dutch PV portfolio
German renewable energy asset manager CEE Group has bought an 81.9-MWp portfolio of ground-mounted photovoltaic projects in the Netherlands from a European unit of Chinese solar panel maker and project developer Chint Solar.
Read more: https://renewablesnow.com/news/cee-group-buys-82-mwp-dutch-pv-portfolio-812512/
-- Statkraft buys 222 MW of wind, solar projects in Peru
Norway’s Statkraft has acquired a wind and a solar power project in Peru, adding a total of 222 MW to its strictly hydro generation portfolio in the country.
Read more: https://renewablesnow.com/news/statkraft-buys-222-mw-of-wind-solar-projects-in-peru-812580/
-- Plug Power drops plan for joint electrolyser production with FFI
Plug Power Inc (NASDAQ:PLUG) has abandoned its plan to jointly build an electrolyser factory with Fortescue Future Industries (FFI), the head of the US turnkey hydrogen solutions provider confirmed.
Read more: https://renewablesnow.com/news/plug-power-drops-plan-for-joint-electrolyser-production-with-ffi-812655/
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