Weekly review of renewable mergers and acquisitions (Dec. 27-31)


December 31 (Renewables Now) – Renewables Now has covered M&A stories on Vattenfall, Holaluz, Reliance, ACS and others in the last week of 2021. Here is the full list:

– Encavis sells 36.2 MW stake in its Austrian wind portfolio

German wind and solar farm operator Encavis AG (ETR: ECV) sells its remaining 51% stake in its 36.2 MW wind portfolio in Austria to state-owned company Wien Energie GmbH.

Learn more: https://renewablesnow.com/news/encavis-sheds-362-mw-austrian-wind-portfolio-stake-767165/

– GIP’s Eolian acquires stakes in the JV in energy storage portfolios

Eolian LP, a holding company of Global Infrastructure Partners (GIP), has taken full control of the energy storage development portfolios jointly developed with and managed by Able Grid Energy Solutions.

Learn more: https://renewablesnow.com/news/gips-eolian-acquires-jv-interests-in-energy-storage-portfolios-767203/

– Rio Tinto signs agreement on $ 825 million lithium project in Argentina

Anglo-Australian mining group Rio Tinto Plc (LON: RIO) has signed a binding agreement to buy for $ 825 million (729.4 million euros) a large undeveloped lithium brine project in Argentina.

Learn more: https://renewablesnow.com/news/rio-tinto-strikes-usd-825m-lithium-project-deal-in-argentina-767210/

– Energiekontor sells an 11 MW wind project in Lower Saxony

German renewable energy developer and operator Energiekontor AG (ETR: EKT) has sold the 11.2 MW Voelkersen wind project in Lower Saxony to an unnamed Austrian power company.

Learn more: https://renewablesnow.com/news/energiekontor-sells-11-mw-wind-project-in-lower-saxony-767211/

– SUNfarming buys a Polish 15 MWp solar project

German solar engineering company SUNfarming GmbH purchased a 15 MWp ready-to-go solar project in Poland and at the same time secured bridging financing for its construction, thus achieving the financial close.

Learn more: https://renewablesnow.com/news/sunfarming-purchases-15-mwp-polish-solar-project-767244/

– Spanish renewable energy supplier Holaluz buys Bulb’s unit in Spain

Spanish renewable energy retailer Holaluz Clidom SA (BME: HLZ) to acquire counterpart Bulb Energia Iberica SLU, a Spain-based unit of collapsed British electricity supplier Bulb which has been placed under special administration in its country original after encountering financial difficulties amid the gas-price rage.

Learn more: https://renewablesnow.com/news/spanish-renewable-power-supplier-holaluz-to-buy-bulbs-unit-in-spain-767245/

– Vattenfall sells part of Princess Ariane 301 MW wind farm to Dutch insurer

Swedish electricity company Vattenfall AB will sell part of its 301 MW Princess Ariane onshore wind farm in the Netherlands to Dutch insurance company ASR Nederland NV (AMS: ASRNL).

Learn more: https://renewablesnow.com/news/vattenfall-selling-part-of-301-mw-princess-ariane-wind-farm-to-dutch-insurer-767257/

– A2A will take control of the Italian renewable energy company with an 800 MW pipeline

The Italian utility A2A SpA (BIT: A2A) announced the signing of a firm agreement to acquire a majority stake in Volta Green Energy Srl as well as a pipeline of wind and solar projects with a total potential capacity of 800 MW.

Learn more: https://renewablesnow.com/news/a2a-to-take-control-of-italian-renewables-firm-with-800-mw-pipeline-767260/

– ReneSola to abandon 12 MWp solar development in Spain

ReneSola Ltd (NYSE: SOL) has entered into an agreement to sell its stake in a 12 MWp portfolio of photovoltaic projects in Spain.

Learn more: https://renewablesnow.com/news/renesola-to-shed-12-mwp-solar-development-in-spain-767372/

– Innergex gets rid of its majority stake in a 200 MW Texas wind farm

Canadian power producer Innergex Renewable Energy Inc (TSE: INE) has completed the sale of its 51% stake in the 200 MW Flat Top wind farm in Texas.

Learn more: https://renewablesnow.com/news/innergex-gets-rid-of-majority-stake-in-200-mw-texan-wind-farm-767429/

– Encavis buys the rest of Spain’s 300 MWp solar park from Statkraft

German independent power producer Encavis AG (ETR: ECV) announced the acquisition of the 19.99% stake it did not already own in the 300 MWp Talayuela solar farm in Spain, reaching the point where it holds 99.6% of its entire solar portfolio.

Read more: https://renewablesnow.com/news/encavis-buys-rest-of-300-mwp-spanish-solar-park-from-statkraft-767434/

– NTPC seeks strategic investor in renewable energy sector ahead of IPO – report

Indian energy company NTPC Ltd (BOM: 532555) intends to find a strategic investor for its renewable energy unit ahead of its initial public offering (IPO) scheduled for October 2022, a senior official told the Press Trust of India (PTI).

Read more: https://renewablesnow.com/news/ntpc-to-look-for-strategic-investor-in-renewables-arm-before-ipo-report-767472/

– Sonnedix buys 37 MW of solar parks in Spain

Global independent solar power producer (IPP) Sonnedix Power Holdings Ltd has completed the acquisition of 36.8 MW of solar photovoltaic (PV) plants in Spain.

Learn more: https://renewablesnow.com/news/sonnedix-buys-37-mw-of-solar-farms-in-spain-767483/

– Octopus Renewables invests in joint ventures to develop up to 570 MW of wind farms in the UK

Octopus Renewables Infrastructure Trust Plc (LON: ORIT) has invested £ 2.5million (US $ 3.4million / € 3million) in nine newly formed Joint Ventures (JVs) with UK onshore wind developer Wind 2 Ltd.

Learn more: https://renewablesnow.com/news/octopus-renewables-invests-in-jvs-to-develop-up-to-570-mw-of-uk-wind-farms-767527/

– Scout buys 369 MW solar project in Illinois from RES

Scout Clean Energy LLC has acquired a 369 MW direct current (DC) solar project in Illinois and plans to invest more than $ 400 million (€ 353 million) to build the park.

Read more: https://renewablesnow.com/news/scout-buys-369-mw-solar-project-in-illinois-from-res-767680/

– Reliance Industries to acquire UK battery company Faradion for £ 100million

Indian conglomerate Reliance Industries Ltd (BOM: 500325) has agreed to acquire UK sodium-ion battery technology developer Faradion Ltd in an enterprise value deal of £ 100million (119 , US $ 4 million / € 119.4 million).

Learn more: https://renewablesnow.com/news/depend-industries-to-acquire-uk-battery-co-faradion-for-gbp-100m-767683/

– Sterling & Wilson Renewable grants shares to Reliance

Sterling & Wilson Renewable Energy Ltd (BOM: 542760), or SWREL, has approved a stock award that would give Reliance New Energy Solar Ltd a 15.46% stake in the company.

Learn more: https://renewablesnow.com/news/sterling-wilson-renewable-okays-share-allotment-to-dependance-767694/

– Photon Energy increases its stake in Polish VPP developer Lerta

Dutch solar energy and drinking water company Photon Energy NV (WSE: PEN) increased its stake in Polish company Lerta SA to 24% by participating in a Series A round of funding from the developer of the virtual power plant (VPP).

Learn more: https://renewablesnow.com/news/photon-energy-ups-stake-in-polish-vpp-developer-lerta-767697/

– Heliogen finalizes its merger with the blank check company

Heliogen Inc, a California developer of concentrated artificial intelligence (AI) -based solar technology, has completed its merger with specialist acquisition company Athena Technology Acquisition Corp (NYSE: ATHN).

Learn more: https://renewablesnow.com/news/heliogen-completes-merger-with-blank-check-company-767699/

– Darling Ingredients to get more green fuel raw materials with Valley Proteins buy

Texas-based Darling Ingredients Inc (NYSE: DAR) has agreed to acquire Valley Proteins Inc, which will strengthen its green fuel capabilities.

Learn more: https://renewablesnow.com/news/darling-ingredients-to-get-more-green-fuel-feedstock-with-valley-proteins-buy-767715/

– Vinci finalizes the purchase of 4.9 billion euros of the ACS energy business

The French concessions and construction group Vinci SA (EPA: DG) has finalized the purchase of the energy business, including the renewable energy platform, from ACS Actividades de Construccion y Servicios SA (BME: ACS).

Read more: https://renewablesnow.com/news/vinci-wraps-up-eur-49bn-buy-of-acs-energy-biz-767714/

– Sonnedix buys 100 MW of solar from ACS in Spain

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd has completed the acquisition of an operational 100 MW solar photovoltaic (PV) portfolio in Spain.

Learn more: https://renewablesnow.com/news/sonnedix-buys-100-mw-of-solar-from-acs-in-spain-767709/


About Author

Comments are closed.