Weekly review of renewable energy mergers and acquisitions (April 19-23)



April 23 (Renewables Now) – Renewables Now has covered M&A stories involving Tilt Renewables, Enel, Engie, NextEra Energy and others over the past week. Below is the full list.

– AGL and Mercury soften offer for Australian renewable energy player Tilt

Australian utility AGL Energy Ltd (ASX: AGL) and its New Zealand counterpart Mercury NZ Ltd have announced that they have increased their bid to acquire Australian Tilt Renewables Ltd (ASX: TLT), now evaluating the activity target of NZD 3.07 billion.

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– Asset manager AVG invests $ 10 million in solar power co Alternus

Luxembourg-based, Nordic-focused asset manager AVG Group Sarl has invested NOK 80 million in solar power plant operator Alternus Energy Group Plc.

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– Kibo wants to buy waste-to-energy projects in the UK

African energy company Kibo Energy Plc (LON: KIBO; JSE: KBO) said it has undertaken due diligence on the possible purchase of certain renewable energy projects in the UK.

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– Enel finalizes the offer to purchase shares of Enel Americas for 1.5 billion USD

Italian utility group Enel SpA (BIT: ENEL) will increase its stake to approximately 82.3% in Enel Americas SA (NYSE: ENIA) after compiling the results of the voluntary public offer to acquire shares in the subsidiary Chilean.

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– Carbon Capture Company Carbo Culture Raises USD 6.2 Million in Seed Funding

Carbo Culture, a start-up developing new carbon capture technology, has raised $ 6.2 million in seed funding.

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– Energiekontor sells a German 9.2 MW solar project to 7C Solarparken

German renewable energy developer and operator Energiekontor AG (ETR: EKT) has said it has offloaded a 9.2 MW solar project at his home to home photovoltaic (PV) plant owner 7C Solarparken AG (ETR: HRPK).

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– NextEra Energy Partners buys US wind portfolio of 391 MW

NextEra Energy Partners LP (NYSE: NEP) said it has agreed to buy a 391 MW wind portfolio in two US states from Brookfield Renewable for $ 733 million.

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– Falck concludes the purchase of a 50 MW solar park to arrive in Spain

Italian company Falck Renewables SpA (BIT: FKR) has completed the acquisition of Desafio Solar SLU, the project vehicle behind a 49.88 MW solar power plant in Spain.

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– TCC de Taiwan buys a majority stake in Engie Eps for 132 million euros

The French public utility Engie SA (EPA: ENGI) has agreed to sell its majority stake in Engie Eps SA (EPA: EPS) to Taiwan Cement Corp (TPE: 1101), or TCC, for a total amount of 132 million euros .

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– DEPA Commercial authorized to buy 49% of the Greek photovoltaic installer North Solar

DEPA Commercial SA, which is part of the Greek utility Public Natural Gas Company (DEPA), has obtained regulatory approval to acquire a 49% stake in compatriot North Solar SA, which is believed to have a portfolio of solar projects of 500 MW.

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– Southern Power purchases 118 MW wind farm in Oklahoma to supply Amazon

US wholesale energy supplier Southern Power has acquired a 118 MW wind farm under construction in Oklahoma from Steelhead Americas, the North American development unit of Vestas Wind Systems A / S (CPH: VWS).

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– CleanCapital attracts 300 million USD for distributed solar investment

CleanCapital, which invests in distributed solar assets in the United States, said it has secured a $ 300 million corporate investment from Manulife Investment Management.

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– Gresham House purchases 30 MW / 30 MWh BESS in Scotland

Gresham House Energy Storage Fund plc (LON: GRID) announced that it has completed the purchase of the 30 MW / 30 MWh Byers Brae (BESS) battery energy storage system in Scotland.

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– Global solar financing rises to $ 8.1 billion in the first quarter – Mercom

Total corporate financing in the global solar sector grew 21% quarter-over-quarter in the first three months of 2021, to reach $ 8.1 billion, according to a report by Mercom Capital Group llc.

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– Northland Power pockets USD 784 million to support new investments

Canadian power producer Northland Power Inc (TSE: NPI) has raised CAD 990 million gross through a bought deal offer to support up to 5 GW of identified acquisitions and a recently announced renewable portfolio purchase in Spain.

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– OX2 buys 170 MW Swedish wind project from Stora Enso

Swedish renewable energy developer OX2 said it had purchased the rights to a 170 MW wind project in its home market from Finnish pulp and paper maker Stora Enso Oyj (HEL: STERV).

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– Bureau Veritas acquires the American company responsible for the construction of renewable energies

Bureau Veritas SA (EPA: BVI), a French provider of testing, inspection and certification (TIC) services, has acquired Bradley Construction Management, an American company that provides project management and construction services for the renewable energy industry.

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– WindForce completes its initial public offering in Sri Lanka

Sri Lankan independent power producer WindForce Limited (CSE: WIND-N-000) went public in Colombo after an initial public offering (IPO) that raised LKR 3.2 billion.

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