Weekly renewables M&A round-up (April 22-26)

Renewables Now covered M&A stories about Ørsted, Vattenfall, Iberdrola, and others this week. Below is the full list:

--Eversource advances on sale of Sunrise Wind stake to Ørsted

US utility company Eversource Energy (NYSE:ES) has finalised definitive agreements to sell its 50% stake in the 924-MW Sunrise Wind offshore wind project off the US East Coast to Denmark's Ørsted A/S (CPH:ORSTED).

Read more: https://renewablesnow.com/news/eversource-advances-on-sale-of-sunrise-wind-stake-to-rsted-855380/

-- Thermal storage co RayGen pockets USD 32m in growth capital

Australian solar and thermal storage technology provider RayGen Resources Pty Ltd on Monday said it has received AUD 50 million (USD 32.2m/EUR 30.3m) in a funding round that will help it expand its manufacturing and scale up the delivery of its projects.

Read more: https://renewablesnow.com/news/thermal-storage-co-raygen-pockets-usd-32m-in-growth-capital-855475/

-- Calvert International acquires German Africa-focused renewables biz

German investment holding company Calvert International AG (CIAG) said on Monday that it has acquired a 100% stake in compatriot Emerging Energy Corporation AG (EEC), an investor focused on the African renewables market.

Read more: https://renewablesnow.com/news/calvert-international-acquires-german-africa-focused-renewables-biz-855397/

-- Aquabattery closes seed funding round to bring LDES product to market

Dutch energy storage start-up Aquabattery announced today that it has raised EUR 6 million (USD 6.39m) in a seed investment round to support its plan to bring a saltwater long-duration energy storage (LDES) solution to the European market by 2026.

Read more: https://renewablesnow.com/news/aquabattery-closes-seed-funding-round-to-bring-ldes-product-to-market-855431/

-- BASF buys 49% of Vattenfall's 1.6-GW Nordlicht offshore complex

BASF SE (ETR:BAS) has signed a deal with Vattenfall AB to acquire a 49% stake in the 1.61-GW Nordlicht offshore wind complex, which the Swedish state-owned utility is developing in the German North Sea without state subsidies.

Read more: https://renewablesnow.com/news/basf-buys-49-of-vattenfalls-16-gw-nordlicht-offshore-complex-855429/

-- Sam Altman invests in developer of modular solar power and heat unit

US start-up Exowatt has raised USD 20 million (EUR 18.8m) in seed funding to deliver its self-contained solar thermal and power product to first data centre customers and expand its team.

Read more: https://renewablesnow.com/news/sam-altman-invests-in-developer-of-modular-solar-power-and-heat-unit-855517/

-- Globeleq buys into 25-MWp solar plant in Egypt

Africa-focused independent power producer (IPP) Globeleq has wrapped up a deal to take a 48.3% stake in a 25-MWp operational solar plant within the Benban Solar Park complex in Egypt.

Read more: https://renewablesnow.com/news/globeleq-buys-into-25-mwp-solar-plant-in-egypt-855470/

-- Commerz Real adds 90 MWp to Swedish solar pipeline

German investment manager Commerz Real has bought two ready-to-build solar projects in southern Sweden with a planned combined capacity of around 90 MWp from their developer, local company Helios Nordic Energy.

Read more: https://renewablesnow.com/news/commerz-real-adds-90-mwp-to-swedish-solar-pipeline-855543/

--Spain's Enerside sells 360-MWp agri-solar project with BESS in Italy

Spanish solar outfit Enerside Energy SA (BME:ENRS) has closed the sale of a developing agri-voltaic project called Palmadula in Italy, consisting of a 360-MWp solar photovoltaic component and a 40-MW battery energy storage system (BESS).

Read more: https://renewablesnow.com/news/spains-enerside-sells-360-mwp-agri-solar-project-with-bess-in-italy-855557/

--Brazil's Raizen to sell 115 MWp of DG solar projects to Elis Energia

Brazilian integrated power company Raizen SA (BVMF:RAIZ4) has inked a deal to sell up to 115.4 MWp of distributed generation (DG) solar plant projects to local firm Infraestrutura Brasil Holding 32 SA, also known as Elis Energia.

Read more: https://renewablesnow.com/news/brazils-raizen-to-sell-115-mwp-of-dg-solar-projects-to-elis-energia-855670/

-- Copec bags 123-MWp solar farm from bankrupt firm in Chile

Copec SA, part of Chilean energy and natural resources business group Empresas Copec, has scored a 123-MWp solar farm and associated power infrastructure located in Pozo Almonte in the Tarapaca region of Chile from a bankrupt firm of Spanish origin.

Read more: https://renewablesnow.com/news/copec-bags-123-mwp-solar-farm-from-bankrupt-firm-in-chile-855685/

--Catalyze buys 76.7 MW of NY community solar projects from BW Solar

Canada-based solar and storage developer BW Solar said on Tuesday that it has sold 12 community solar projects in New York with a combined capacity of 76.7 MW to US clean energy transition company Catalyze.

Read more: https://renewablesnow.com/news/catalyze-buys-767-mw-of-ny-community-solar-projects-from-bw-solar-855689/

-- ERG concludes stake acquisition in 317-MW US wind, solar package

Italian independent power producer ERG SpA (BIT:ERG) wrapped up its acquisition of a 75% stake in a 317-MW solar and wind portfolio in the United States, officially making its entry in that country's renewables market.

Read more: https://renewablesnow.com/news/erg-concludes-stake-acquisition-in-317-mw-us-wind-solar-package-855748/

-- TotalEnergies, Vanguard Renewables to advance RNG projects in US

French multi-energy group TotalEnergies SE (EPA:TTE) has signed an agreement to form a 50/50 joint venture (JV) with US renewable natural gas (RNG) producer Vanguard Renewables and develop, build and operate “farm powered” RNG projects in the United States.

Read more: https://renewablesnow.com/news/totalenergies-vanguard-renewables-to-advance-rng-projects-in-us-855772/

---Iberdrola, NBIM add 644 MW of Spanish solar to 51/49 Iberian pact

Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund, has agreed to acquire a 49% stake in a 644-MW solar portfolio in Spain from Spanish utility Iberdrola SA (BME:IBE).

Read more: https://renewablesnow.com/news/iberdrola-nbim-add-644-mw-of-spanish-solar-to-5149-iberian-pact-855784/

-- Octopus Energy invests in floating wind specialist Ocergy

The generation arm of Britain's Octopus Energy has invested in Ocergy, a US-based company with operations in France which specialises in the design and production of foundations for floating offshore wind.

Read more: https://renewablesnow.com/news/octopus-energy-invests-in-floating-wind-specialist-ocergy-855851/

-- Engie cleared to buy 80-MW wind farm in Romania

Romania’s Competition Council has given the thumbs-up to the proposed acquisition by French energy major Engie SA (EPA:ENGI) of an 80-MW wind project in southern Romania’s Dobrogea region.

Read more: https://renewablesnow.com/news/engie-cleared-to-buy-80-mw-wind-farm-in-romania-855933/

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