Weekly review of mergers and acquisitions in renewable energies (20-24 Sept.)

September 24 (Renewables Now) – September 24 (Renewables Now) – Renewables Now has covered M&A stories on SSE, Avangrid, CIP, Glennmont and others over the past week. Below is the full list:

– Gore Street buys 57 MW storage project in England, to raise new funds

Gore Street Energy Storage Fund plc (LON: GSF) said it has acquired a 57 MW energy storage project in Leicester, England, which is ready to be built and is expected to be commissioned in 2023.

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– DESRI acquires a 300 MW solar project with 150 MW storage in New Mexico

US owner of renewable energy assets DE Shaw Renewable Investments (DESRI) has completed the acquisition of the Arroyo project which combines 300 MW of solar energy with 150 MW / 600 MWh of battery energy storage.

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– Former Shell refinery to switch to biofuel and green hydrogen production

Crossbridge Energy Partners, a subsidiary of Postlane Capital Partners, acquired the former Shell refinery in Fredericia, Denmark, with the intention of transforming it into a carbon neutral facility that produces biofuels and green hydrogen.

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– Ecofin US Renewables purchases 13.7 MW solar project in Minnesota

Ecofin US Renewables Infrastructure Trust PLC (LON: RNEW) announced that it has recently completed the acquisition of a 13.7 MW solar project located in the US state of Minnesota, the first in a portfolio of 12 solar photovoltaic projects that the UK investor is targeting to buy.

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– SSE denies having made a decision to break up the group

UK renewable energy and grid company SSE Plc (LON: SSE) has not taken the decision to dissolve the group, it said in response to recent media speculation.

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– Avangrid and CIP to Split Offshore Wind Rights of Vineyard Wind LLC in the United States

US sustainable energy company Avangrid Inc (NYSE: AGR) and Danish Infrastructure Partners Copenhagen (CIP) have agreed to restructure the ownership of some of the projects and proposals that their 50/50 Joint Venture (JV) of offshore wind farm Vineyard Wind LLC is developing in the Atlantic Ocean.

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– Enpal obtains 345 million euros in funding for new solar photovoltaic systems

The German solar leasing company Enpal GmbH has obtained a debt of 345 million euros from a group of investors to refinance the installation of more than 15,000 solar photovoltaic systems.

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– Glennmont buys a Spanish 473 MW solar portfolio from Grupotec

London-based fund manager Glennmont Partners said it has acquired a 473 MW portfolio of solar projects in Spain from national engineering and consulting services company Grupotec Servicios Avanzados SA.

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– SunShare secures $ 30 million investment from private equity firm Ember

Denver-based solar developer SunShare LLC has received a US $ 30 million pledge from private equity firm Ember Infrastructure to develop its community solar platform.

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– Omnidian pockets $ 33 million in Series B

U.S. sun protection plan provider Omnidian Inc said it raised $ 33 million in a Series B funding round.

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– Catalyze buys solar developer Sol Alliance to expand in the northeastern United States

National independent power producer (IPP) Catalyze has announced the acquisition of the Northeast Sol Alliance solar sales and development company for an undisclosed amount.

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– Distributed energy company Zola Electric secures $ 90 million in funding

Distributed renewable energy solutions provider Zola Electric has raised $ 90 million in capital that will allow it to develop next-generation hardware and software and enter new markets.

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– State-backed funds in Greece could reduce their majority stake in PPC

Greek sovereign wealth fund HCAP and one of its subsidiaries could reduce their combined 51% stake in national electricity company PPC SA (ATH: PPC).

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– Neoen will sell an 11 MWp solar-CSP bundle in France

The French company Neoen SA (EPA: NEOEN) has agreed to sell its entire stake in an 11 MWp concentrated solar energy (CSP) portfolio on its domestic market for around € 31 million.

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– Mitsubishi HC Capital participates in the acquisition of a 25 MW solar park in California

Japan-based Mitsubishi HC Capital Inc (TYO: 8593) announced that its infrastructure-related investment subsidiary has acquired a 35.7% stake in a 25 MW direct current (DC) solar photovoltaic (PV) plant in California, while the partners bought the rest of the assets.

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