December 2, 2022
  • December 2, 2022

Weekly roundup of renewable energy mergers and acquisitions (April 25-29)

By on April 29, 2022 0

April 29 (Renewables Now) – Renewables Now has been covering M&A stories involving Eni, TotalEnergies, KKR, Shell and others over the past week. Below is the full list:

– Eni’s subsidiary will invest in a developer of floating wind technologies

Italian oil and gas company Eni SpA (BIT:ENI) said its Plénitude unit will invest in the developer of the W2Power floating wind technology, the Spanish company EnerOcean SL.

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— Global corporate funding for battery storage jumps to $12.9 billion in first quarter

The global battery storage industry raised $12.9 billion in corporate funding in the first quarter of 2022, marking a 174% year-over-year increase, according to a new report from Mercom Capital Group.

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– Israel’s Econergy to take stake in 460 MW solar portfolio in Greece

Israeli company Econergy Renewable Energy Ltd (TLV:ECNR) said it has reached an agreement with its Greek counterpart Terna Energy (ATH:TENERGY) to develop and build a 460 MW solar portfolio in Greece.

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– Igneo Infrastructure to acquire 302 MW of Australian solar power from Elliot Green Power

Global investment manager Igneo Infrastructure Partners has reached an agreement to buy the 302 MW Australian solar portfolio of Elliott Green Power Australia, part of its US counterpart Elliott Management Corporation.

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— Flender Completes Acquisition of Wind Turbine Gearbox Manufacturer Moventas

German mechanical drive systems producer Flender has completed the acquisition of Finnish wind turbine gearbox manufacturer Moventas from investor N4 Partners after receiving the necessary regulatory approval.

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– Indian Borosil acquires solar glass manufacturer Interfloat Group

Indian company Borosil Renewables Ltd (BSE:BORORENEW) has agreed to acquire Interfloat Group, Europe’s largest solar glass manufacturer, in a cash and equity transaction that will significantly increase its solar glass production.

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— German auto parts maker Mahle invests in solar startup Sunmaxx PVT

German automotive supplier Mahle GmbH will become a cooperation partner and strategic investor in Dresden-based Sunmaxx PVT, which specializes in photovoltaic thermal systems for power and heat generation.

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– Octopus Renewables buys a minority stake in a 270 MW wind farm off the coast of the UK

Octopus Renewables Infrastructure Trust Plc (LON:ORIT) has announced that it has reached an agreement to buy a 7.75% stake in Lincs’ 270MW offshore wind farm off the coast of England.

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— TotalEnergies Strengthens US Renewable Energy Footprint with Purchase of 4 GW Pipeline

French energy group TotalEnergies SE (EPA:TTE) has announced that it is acquiring Austin, Texas-based Core Solar LLC, which has a portfolio of more than 4 GW of scale solar and energy storage projects. public services at different stages of development.

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— SinglePoint completes purchase of Boston Solar and plans other deals

SinglePoint Inc (OTCQB:SING) announced that it has completed the acquisition of New England solar installer The Boston Solar Company LLC, the first of many acquisitions planned this year.

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– Origin Energy buys up to 900 MW solar development project in New South Wales

Australian power and natural gas company Origin Energy Ltd (ASX:ORG) said it had acquired an approved solar farm development project to add up to 900MW of capacity in New South Wales.

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— KKR strikes deal for French Albioma

French renewable energy producer Albioma SA (EPA:ABIO) has agreed to be acquired by US private equity firm KKR & Co (NYSE:KKR) in an all-cash deal valued at c. .64 billion euros.

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— MET Group buys 263 MWp of solar projects in Italy and Spain

Swiss-based energy company MET Group has entered the Italian and Spanish renewable energy markets after acquiring a total of 263 MWp of solar PV projects.

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— Sensata closes $580 million deal for energy storage and conversion company Dynapower

U.S. industrial technology company Sensata Technologies (NYSE:ST) has announced that it has signed an agreement to acquire Dynapower Company LLC, a Vermont-based energy storage and power conversion specialist, to advance its energy strategy. electrification and clean energy.

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— Edify sells majority stake in 150MW/300MWh of Australian battery projects

Infrastructure investor Federation Asset Management has agreed to buy a majority stake in 150MW/300MWh of co-located battery storage projects in New South Wales, Australia, as a seed asset for its Australian energy transition fund.

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– Sumitomo to increase stake in 225 MW geothermal project in Indonesia

Japanese trader Sumitomo Corp (TYO:8053) has announced that it has reached an agreement to increase its stake in the Muara Laboh geothermal energy project in Indonesia to 50% by acquiring 15% of the share capital held by French Engie SA (EPA :ENGI).

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— EDPR completes the sale of a 149 MW wind portfolio to Mirova in Poland

Renewable energy giant EDP Renovaveis SA (ELI:EDPR) has completed the sale of a 149 MW Polish wind portfolio to Mirova, the sustainable investment unit of French firm Natixis Asset Management.

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– Shell buys the Indian Sprng Energy for 1.55 billion dollars

Royal Dutch Shell Plc (AMS:RDSA) has agreed to acquire Indian renewable energy platform Sprng Energy from UK buyout firm Actis for $1.55 billion, the parties have announced.

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