Weekly review of renewable mergers and acquisitions (July 19-23)
July 23 (Renewables Now) – Renewables Now has covered M&A stories on EDPR, Greenalia, Iberdrola, ArcelorMittal and others over the past week. Below is the full list:
– Austrian Enery buys a portfolio of 71 MW photovoltaic solar panels in Czechia
Vienna-based renewable energy company Enery Development GmbH announced that it has acquired a 71 MW portfolio of operational solar farms in the Czech Republic from funds managed by CEE Equity Partners Ltd.
– Green infrastructure investor Generate closes $ 2 billion capital increase
Sustainable infrastructure firm Generate Capital Inc has announced that it has raised $ 2 billion in equity from new and existing investors.
– Falck finalizes the majority purchase of the Italian electromechanical company SAET
Italian Falck Renewables SpA (BIT: FKR) has completed the acquisition of a 60% stake in the high-voltage electrical systems and energy storage company SAET SpA based in Padua.
– Portuguese Greenvolt targets solar engineering co Profit Energy
The Portuguese renewable energy company Greenvolt – Energias Renovaveis SA intends to acquire Profit Energy, a national engineering company specializing in the development and design of renewable energy and energy efficiency projects.
– EDPR enters the UK onshore market with the acquisition of a 544 MW wind and solar portfolio
Madrid-based renewable energy company EDP Renovaveis SA (ELI: EDPR) said it has reached deals to acquire a 544 MW wind and solar portfolio in the UK, a move that will allow it to enter the country’s onshore market. .
– Cos storage batteries bring together $ 9.6 billion in corporate funding in the first half of 2021
Battery storage companies around the world secured $ 9.6 billion in corporate financing in the first half (S1), including venture capital (VC), government procurement, and debt financing, that is to say a multiplication by 13 in one year.
– Recurrent Energy unloads 250 MW from solar projects in Texas
US renewable energy developer Recurrent Energy LLC has finalized the sale of a 328 MWp / 250 MW bundle of two solar projects in Texas, which is expected to be commissioned by September.
– Japanese Renova will increase its stake in a 75 MW biomass plant
Japanese renewable energy producer Renova Inc (TYO: 9519) plans to exercise an option to acquire additional shares in the 75 MW Kanda biomass power plant, increasing its stake to 53.07% from 43.07% .
– EDPR to sell Portuguese wind farms to Onex for 530 million euros
EDP Renovaveis SA (ELI: EDPR) has announced that it has agreed to sell a 100% stake in a 221 MW wind portfolio to Onex Renewables Sarl.
– Cubico buys 48.5 MW Greek wind portfolio from Enora
London-based renewable energy investor Cubico Sustainable Investments said it had acquired a Greek company that owns a 48.5 MW portfolio of wind farms in the Peloponnese.
– Spaniard Greenalia buys 670 MWp solar project in Texas, says it’s coming to America
The Spanish group Greenalia SA (BME: GRN) has acquired an American renewable energy company holding a 670 MWp solar photovoltaic project in Texas to enter the American market, and has announced its intention to explore new acquisitions in the country. .
– Iberdrola acquires Sowitec Vietnam and its 550 MW pipeline
Spain’s Iberdrola SA (BME: IBE) has announced that it has acquired the Vietnamese subsidiary of the German renewable energy group Sowitec as well as its 550 MW pipeline under development.
– Ecotricity takeover offer for Good Energy official and still unwanted
UK green energy provider Ecotricity has filed a cash offer to buy all of Good Energy Group PLC (LON: GOOD), of which it already owns around 25.1%, for GBP 3.4 per share.
– Avangrid Renewables and Primergy to jointly develop 600 MW solar storage portfolio in Nevada
Avangrid Renewables LLC, a unit of U.S. clean energy company Avangrid Inc (NYSE: AGR), said it will continue development work on 600 MW solar and storage projects in Nevada after selling the portfolio to Primergy Solar LLC this spring.
– ArcelorMittal invests in long-life battery manufacturer Form Energy
Luxembourg steel giant ArcelorMittal SA (AMS: MT) has invested $ 25 million in US energy storage specialist Form Energy and will potentially provide iron for its long-life batteries.