Weekly roundup of renewable energy mergers and acquisitions (April 18-22)

April 22 (Renewables Now) – Renewables Now has been covering M&A stories on BlackRock, SSE, Iberdrola and others over the past week. Below is the full list:

— Paramount Textile to invest in 100 MW solar project in Bangladesh

Bangladesh-based Paramount Textile Ltd (PTL) will invest in a 100 MW solar project in Bangladesh by buying a 49% stake in Dynamic Sun Energy Private Ltd.

Learn more: https://renewablesnow.com/news/paramount-textile-to-invest-in-100-mw-solar-project-in-bangladesh-781226/

— Westinghouse Electric acquires O&M supplier BHI Energy

US nuclear energy company Westinghouse Electric Co has reached an agreement to acquire BHI Energy, a national provider of engineering services and staffing solutions for the power generation segment, including renewable energy.

Learn more: https://renewablesnow.com/news/westinghouse-electric-to-buy-om-provider-bhi-energy-781246/

— Allete Completes $165.5 Million Distributed Solar Acquisition

US energy company Allete Inc (NYSE:ALE) has announced that it has completed its $165.5 million acquisition of distributed solar project developer New Energy Equity LLC.

Learn more: https://renewablesnow.com/news/allete-wraps-up-usd-1655m-distributed-solar-acquisition-781303/

— Greencells and IndyGen pursue solar power in Canada

Greencells is exploring a solar project development pipeline in Canada with a combined capacity of around 1 GWp with UK-based IndyGen Utility Ltd.

Learn more: https://renewablesnow.com/news/greencells-indygen-pursue-solar-in-canada-781305/

— Rubis takes control of French solar developer Photosol

French energy company Rubis SCA (EPA: RUI) has completed the purchase of an 80% stake in solar project developer and domestic power producer Photosol SA, giving further impetus to the implementation of its decarbonization and renewable energy strategy.

Read more: https://renewablesnow.com/news/rubis-takes-control-of-french-solar-developer-photosol-781328/

— Vitol acquires 244 MW of Pennsylvania wind farms from BlackRock

Energy and commodities trader Vitol has announced that it has signed an agreement to acquire 244.4 MW of operating wind farms in the US state of Pennsylvania from a fund managed by Black Rock Inc (NYSE:BLK).

Learn more: https://renewablesnow.com/news/vitol-to-buy-244-mw-of-pennsylvania-wind-farms-from-blackrock-781413/

— SSE Acquires Siemens Gamesa’s 3.9GW Onshore Wind Platform in Europe

SSE Renewables, a unit of UK utility SSE plc (LON:SSE), has agreed to buy the approximately 3.9GW European renewable energy development platform from Siemens Gamesa Renewable Energy SA (BME:SGRE ) under an all-cash agreement worth EUR 580 million.

Learn more: https://renewablesnow.com/news/sse-to-buy-siemens-gamesas-39-gw-onshore-wind-platform-in-europe-781481/

– Iberdrola buys the rights to a 1 GW wind project in Queensland

The Australian arm of Spanish utility Iberdrola SA (BME:IBE) has acquired the rights to a wind project of up to 1GW in Queensland, further expanding its operations in the local market as part of a broader strategy to green energy growth.

Learn more: https://renewablesnow.com/news/iberdrola-buys-rights-to-1-gw-wind-project-in-queensland-781489/

— CPP Investments agrees to pay $25 million to Hydrostor

The Canada Pension Plan Investment Board, also known as CPP Investments, has pledged to invest $25 million in Canadian long-term energy storage specialist Hydrostor Inc.

Learn more: https://renewablesnow.com/news/cpp-investments-commits-usd-25m-to-hydrostor-781512/

— Lightsource bp to form solar joint venture with New Zealand-based Contact Energy

Lightsource bp has partnered with New Zealand utility Contact Energy to develop grid-scale solar photovoltaic (PV) projects in New Zealand to produce up to 380,000 MWh of electricity per year from here 2026.

Learn more: https://renewablesnow.com/news/lightsource-bp-to-form-solar-jv-with-new-zealands-contact-energy-781669/

— Tandem PV raises $6 million to build pilot solar panel plant

US photovoltaic (PV) technology start-up Tandem PV Inc has completed the initial $6 million closing of its $12 million Series A funding round led by the venture capital firm’s Planetary Technologies fund Bioeconomy Capital.

Learn more: https://renewablesnow.com/news/tandem-pv-raises-initial-usd-6m-to-build-pilot-solar-panel-factory-781694/

— Greenvolt acquires 50% of the capital of solar co Univergy Autoconsumo

Portuguese renewable energy company Greenvolt – Energias Renovaveis SA (ELI:GVOLT) has acquired a 50% stake in Univergy Autoconsumo, a company specializing in solar energy solutions for the Spanish corporate sector.

Learn more: https://renewablesnow.com/news/greenvolt-acquires-50-stake-in-solar-co-univergy-autoconsumo-781877/

— Ventient Energy completes purchase of 443 MW renewable energy portfolio in Spain

Pan-European non-utility power producer Ventient Energy has announced the completion of its acquisition of a 443 MW renewable energy portfolio in the Spanish region of Castilla y Leon.

Find out more: https://renewablesnow.com/news/ventient-energy-closes-443-mw-renewables-portfolio-buy-in-spain-781903/

— ACI Groupe will support CARBON’s solar giga-factory projects in France

ACI Groupe joins the list of founding shareholders of CARBON, the French industrial start-up with a solar giga-factory project of up to 20 GW and the ambition to be among the top 10 solar cell manufacturers by 2030.

Read more: https://renewablesnow.com/news/aci-groupe-to-support-carbons-solar-gigafactory-plans-in-france-781921/

— EQT to spin off Covanta’s European waste-to-energy business

US waste-to-energy (WtE) company Covanta Holding Corporation, which was privatized by EQT Infrastructure late last year, has announced plans to separate its European operations to form a stand-alone platform.

Learn more: https://renewablesnow.com/news/eqt-to-carve-out-covantas-european-waste-to-energy-business-781922/

Join the free daily Renewables Now newsletter now!

Comments are closed.