Weekly review of renewable mergers and acquisitions (Oct. 4-8)

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October 8 (Renewables Now) – October 8 (Renewables Now) – Renewables Now has covered M&A stories on SunPower, KKR, RWE, Eni and others over the past week. Below is the full list:

– Adani Green completes US $ 3.5 billion acquisition of SB Energy India

Indian renewable energy developer Adani Green Energy Ltd (BOM: 541450) said it has completed the $ 3.5 billion acquisition of SB Energy Holdings Ltd, which has a portfolio of approximately 5 GW of renewable energies in India.

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– Obton sells Dutch 35 MW solar park to German investor CEE Group

Denmark-based investor and asset manager Obton A / S has announced that it has sold a nearly 35 MW solar farm in the Netherlands to German investment firm CEE Group.

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– Green Hydrogen co Lhyfe raises 50 million euros to expand in France and abroad

French green hydrogen company Lhyfe has announced that it has raised 50 million euros as part of a Series A funding round led by SWEN Capital Partners and Banque des Territoires, with additional participation from its original investors .

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– Statkraft acquires 346 MW of wind farms in Germany and France

Statkraft AS has purchased 346 MW of wind farms in Germany and France from wind farm operator Breeze Three Energy for an undisclosed amount.

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– Scottish group ILI sells 50 MW battery storage project to Eelpower

Scotland-based clean energy developer Intelligent Land Investments Group (ILI Group) said it has finalized the sale of its 50 MW Fordtown battery storage project located in Kintore, Aberdeenshire.

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– ERG purchases 152.4 MW of renewable energy in France and Germany

The local subsidiaries of the Italian energy company ERG SpA (BIT: ERG) acquire an operational wind and solar portfolio of 152.4 MW in France and Germany.

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– Octopus Renewables buys 58.8 MW of wind farms in Poland

Octopus Renewables Infrastructure Trust plc (LON: ORIT) announced that it has purchased two wind projects in Poland with a combined capacity of 58.8 MW from German renewable energy developer PNE AG (ETR: PNE3).

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– Spaniard Ignis secures € 625m in support from Egyptian EFG Hermes

Spanish renewable energy developer and energy trader Ignis Energy Holdings has agreed to sell an unspecified stake to Egyptian financial services firm EFG Hermes Holding SAE in exchange for a total investment of more than € 625 million, which will allow the development of its platform of more than 20 GW to continue. .

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– Greenbacker takes over two solar projects at Colorado Airport

Greenbacker Renewable Energy Company LLC announced that it has acquired, through a wholly-owned subsidiary, two pre-operational solar projects at Denver International Airport in Colorado with a total capacity of 18.4 MW in direct current (DC).

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– SunPower buys residential solar energy company Blue Raven and considers sale of CIS division

SunPower Corp (NASDAQ: SPWR) announced that it has acquired U.S. residential solar power provider Blue Raven Solar, while exploring strategic options for its own commercial and industrial solutions (CIS) company.

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– KKR increases stake in Philippine IPP First Gen to 19.9%

An entity owned by global investor KKR & Co Inc (NYSE: KKR) will purchase additional shares in the First Gen Corporation of the Philippines (PSE: FGEN) which will increase its stake in the independent power producer to 19.9%.

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– EOS IM to sell 32 MW solar and wind portfolio in Italy to French investor

EOS Investment Management (EOS IM) has agreed to sell a 32 MW portfolio of solar photovoltaic (PV) and wind farms in Italy to Prejeance Industrial, a French investor in renewable energies backed by Asterion Industrial Partners.

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– Canadian company Westbridge purchases 221 MWp intermediate solar development in Texas

Canadian solar energy and energy storage developer Westbridge Energy Corporation (TSXV: WEB) has purchased a 221 MWp photovoltaic (PV) project in Texas, midway through development, from US sector player Aelius Solar Corp.

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– SUNfarming obtains financing to purchase and build a Polish 20 MWp solar portfolio

German solar engineering company SUNfarming GmbH has secured financing for the acquisition and construction of a 20 MWp solar portfolio in Poland.

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– European Energy purchases 85.8 MW wind and solar portfolio from Vattenfall

Danish wind and solar developer European Energy A / S has acquired an 85.8 MW portfolio of wind and solar assets from Swedish state-owned company Vattenfall AB.

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– Takkion acquires US supplier of wind power operation and maintenance services Airway Services

U.S. logistics company Takkion TP&L Holdings LLC announced the acquisition of Airway Services LLC, a national provider of project management, operations and maintenance (O&M) services for large-scale wind power projects, for an undisclosed amount.

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– Funds managed by Ares to buy a majority stake in Apex Clean Energy

The funds and other accounts managed by the Infrastructure and Power strategy of Ares Management Corporation (NYSE: ARES) have agreed to purchase a controlling stake in Apex Clean Energy.

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– Plug Power, SK E&S to build a Korean Gigafactory via a new Asian JV

US turnkey hydrogen solutions provider Plug Power Inc (NASDAQ: PLUG) and SK E&S have set up an Asian joint venture with plans to build a “Gigafactory” in a key South Korean metropolitan area here. 2024.

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– Babcock & Wilcox acquires 60% of solar EPC contractor Fosler

U.S. renewable, environmental and thermal energy technology provider Babcock & Wilcox Enterprises Inc (NYSE: BW) has completed the purchase of a 60% stake in solar contractor Fosler Construction Company Inc.

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– Japan’s Eneos wants to buy JRE for $ 1.8 billion – report

Japan’s oil major Eneos Holdings Inc (TYO: 5020) plans to buy renewable facility developer and operator Japan Renewable Energy (JRE) in deal worth over 200 billion yen, reports the Nikkei.

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– RWE and PPC Renewables Sign 2 GW Solar Joint Venture Agreement in Greece

German energy major RWE AG (ETR: RWE) and PPC Renewables, the green energy arm of Greek utility PPC SA (ATH: PPC), have signed an agreement to create a joint venture (JV) to develop up to 2 GW of solar energy projects in Greece.

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– Bridgelink Engineering acquires renewable energy construction group BCR

US Bridgelink Engineering LLC strengthens its Engineering, Procurement and Construction (EPC) portfolio with the acquisition of BCR Companies, a national provider of civil and mechanical engineering services for solar and wind projects.

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– Dhamma Energy completes the sale of its Spanish and French solar business to Eni

The co-founders of Dhamma Energy, an independent producer of solar energy (IPP) based in Madrid, have completed the transfer of its Spanish and French activities to the Italian oil and gas company Eni SpA (BIT: ENI).

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– Raizen from Brazil to form DG Renewable Energy Joint Venture

Brazilian sugar and ethanol producer Raizen SA (BVMF: RAIZ4) and its subsidiary Raizen Energia SA will establish a joint venture (JV) with local energy company Grupo Gera to develop and operate distributed generation power plants (DG) , in particular based on renewable energies.

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– Fortescue Future Industries invests in Dutch thin-film solar energy company and H2 HyET

Australian Fortescue Future Industries (FFI) has taken a 60% stake in Dutch company High Yield Energy Technologies (HyET) Group to support its ambition to deliver 15 million tonnes of green hydrogen to the world by 2030.

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