Weekly renewables M&A round-up from April 16 to April 22 2018

By April 23, 2018Industry News

Here you can find a list of of Renewable Energy stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week April 16 – April 22:

— Canadian Solar closes sale of Brazilian project to Gas Natural unit

Canadian Solar Inc (NASDAQ:CSIQ) announced it has concluded the sale of the 80.6-MWp Guimarania solar project in Brazil to a unit of Spanish utility Gas Natural Fenosa (BME:GAS).

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— Power Factors buys Canadian renewables consultancy Arista

US renewable energy performance management software developer Power Factors LLC said it has acquired Canadian sector consultancy Arista Renewable Energies for an undisclosed sum.

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— Brookfield does not plan takeover of Australia’s Infigen

Canada’s Brookfield Asset Management Inc (TSE:BAM.A) has no intention, for now, of making a buyout bid for Australian renewable power producer Infigen Energy (ASX:IFN) in which it recently bought a minority stake.

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— Enel makes proposal for 100% of Brazil’s Eletropaulo

Enel Brasil Investimentos Sudeste SA made a voluntary tender offer for 100% of the shares of power distribution company Eletropaulo Metropolitana Eletricidade de Sao Paulo SA.

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— Ares EIF take majority stake in PV installer Conti Solar

Alternative asset manager Ares Management LP (NYSE:ARES) has acquired a majority interest in US solar system developer and installer Conti Solar for an undisclosed sum.

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— Total to grow in power supply and renewables via Direct Energie M&A plan

French oil major Total SA (EPA:FP) is looking to expand in the field of power generation and supply through a planned acquisition of Direct Energie SA (EPA:DIREN), which boasts a 550-MW renewables portfolio and a 2-GW pipeline of similar projects.

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— Algonquin Power to buy further Atlantica Yield stake for USD 345m

Canadian renewable energy company Algonquin Power & Utilities (TSX:AQN) is making use of an option to acquire an additional 16.5% stake in Spanish yieldco Atlantica Yield Plc (NASDAQ:AY).

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— Element Power hops on offshore wind bandwagon with 750-MW scheme

UK-based Element Power said it has taken over the development of the North Irish Sea Array (NISA) offshore wind project in the Irish Sea with a potential capacity of up to 750 MW.

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— SunPower surprises with SolarWorld Americas acquisition deal

SunPower Corp (NASDAQ:SPWR) unveiled an agreement to take over Oregon-based solar panels manufacturer SolarWorld Americas, with plans to invest in factory improvements.

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— Lightsource BP, Everstone set up India-focused green fund JV

Lightsource BP has teamed up with private equity investor Everstone Group to create a joint venture (JV) green fund targeting investment in power, distribution infrastructure and energy services in India.

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— Wirsol buys 47 MWp of subsidy-free solar projects in UK

Wirsol Energy Ltd has acquired the project rights for two subsidy-free solar parks in the UK with a combined capacity of 47 MWp.

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— EnSync sells solar PPA at Hawaii uni property

US firm EnSync Energy Inc (NYSEAMERICAN:ESNC), doing business as EnSync Energy Systems, has sold to an undisclosed investor its 660-kW power purchase agreement (PPA) with Hawai’i Pacific University (HPU).

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— Wunder Capital raises USD 112m to step up solar project lending

Wunder Capital, a US financial technology company providing financing to solar projects, has raised USD 112 million in equity and debt to support its expansion in the commercial photovoltaic (PV) market.

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— Bluefield Solar buys UK portfolio of sub-5-MWp solar farms

Bluefield Solar Income Fund Ltd (LON:BSIF) said it has acquired three sub-5-MWp solar power plants in South West England for GBP 19.9 million, including transaction costs and working capital.

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— Canadians team up with Scottish gov to rescue BiFab

DF Barnes, a subsidiary of Canadian industrial construction company JV Driver, has acquired Scottish fabricator Burntisland Fabrications Ltd (BiFab), which serves the marine energy industry.

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— Abalance buys solar manufacturer in Vietnam

Japanese diversified group Abalance Corp (TYO:3856) announced that a Tokyo-based subsidiary has taken over solar panel manufacturer Vietnam Sunergy Co Ltd (VSUN).

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— Taiwan’s FTC clears merger of solar trio

Taiwan’s Fair Trade Commission (FTC) has approved the planned merger of Neo Solar Power (TPE:3576), Gintech Energy (TPE:3514) and Solartech Energy (TPE:3561).

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— Foresight Solar buys 53.3-MW UK portfolio

Foresight Solar Fund Ltd (LON:FSFL) said it has acquired a 53.3-MW portfolio of operational photovoltaic (PV) parks in the UK, expanding its own portfolio to include 27 solar assets totalling 674 MW.

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— Nexus Energia to buy into Cox Energy’s Mexican electricity supply arm

Spanish renewables developer Cox Energy will part with a 40% stake in a Mexican subsidiary that supplies electricity to qualified users, it announced.

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— Enel Brasil makes improved proposal for Eletropaulo

Enel Brasil Investimentos Sudeste SA, which earlier this week made a proposal to acquire Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, has improved the terms of its voluntary tender offer for the Brazilian power distribution company.

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— Boralex to buy French wind power company for EUR 129m

Canadian renewables developer Boralex Inc (TSE:BLX) announced it has signed a deal to acquire a French wind power business with 163 MW of plants in operation and a 158-MW project portfolio.

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