Weekly renewables M&A round-up (Jan 29-Feb 2, 2018)

By February 5, 2018Industry News

February 5 (Renewables Now) – Below you can find a list of stories related to merger and acquisition (M&A) and asset purchase/divestiture deals covered by Renewables Now in the week January 29 – February 2:

Brazil’s CADE okays EDP’s acquisition of 14.5% in utility Celesc

Brazil’s Administrative Council for Economic Defense (CADE) has approved on Friday EDP Energias do Brasil SA’s (BVMF:ENBR3) acquisition of a 14.5% stake in utility Celesc (BVMF:CLSC3).

Ormat acquires US Geothermal in USD-110m deal

US geothermal energy firm Ormat Technologies Inc (NYSE:ORA) has agreed to take over sector player US Geothermal (NYSEAMERICAN:HTM) for about USD 109.9 million in cash.

GCP Infra commits to invest in UK solar portfolio

GCP Infrastructure Investments Ltd (LON:GCP), or GCP Infra, announced it has subscribed for GBP 105 million worth of loan notes to finance solar deals in the UK.

Taiwanese solar trio seals merger agreement

Taiwanese solar manufacturers Gintech Energy (TPE:3514), Solartech Energy (TPE:3561) and Neo Solar Power (TPE:3576) announced the signing of a deal to merge their businesses into a single company.

Canadian Solar buys 51% in 1.1-GWp Aussie solar portfolio

Canadian Solar Inc (NASDAQ:CSIQ) has agreed to take a 51% stake in a 1,140-MWp portfolio of solar projects in New South Wales, Australia, from developer Photon Energy NV.

Partners Group sells stake in 610-MW Japanese solar platform

Swiss investment manager Partners Group AG said that it has sold to a consortium led by Global Infrastructure Partners (GIP) its stake in Japan Solar LP, owner of a 610-MW solar platform.

ESCO Pacific to sell 173 MW of Aussie solar projects

Australian solar developer ESCO Pacific has agreed to sell 173 MW of solar projects in Queensland, thus reaching financial close.

Fortistar backs US developer of waste-plastics-to-energy technology

Golden Renewable Energy LLC (GRE), the developer of a technology that converts waste plastics into renewable diesel, announced it has raised an undisclosed amount of growth capital from Fortistar Capital LLC.

Recurrent Energy sells 20-MW solar project to Southern Power

Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc (NASDAQ:CSIQ), announced that it has sold the 20-MWac/28-MWp Gaskell West 1 solar project in California to Southern Power.

Suzlon agrees 96.6-MW wind deal with ReNew Power

Suzlon Energy Ltd (BOM:532667) is selling to ReNew Power Ventures Pvt Ltd a 96.6-MW wind project in Karnataka, India.

Meridian to boost Aussie renewables output with solar, wind, hydro deals

Meridian Energy Ltd (NZE:MEL) unveiled a contract to buy a hydropower plant (HPP) portfolio in Australia and off-take deals for renewable energy plants in Victoria and New South Wales.

Japan’s Pacifico Energy launches USD-141m solar investment fund

Japanese solar projects developer Pacifico Energy KK said it has successfully completed the launch of its first solar investment fund, which raised JPY 15.5 billion from local institutional investors.

REC Silicon agrees to hold less in Chinese JV

REC Silicon ASA (STO:RECO) will hold a 15.06% stake in a Chinese polysilicon joint venture (JV) after a deal with its partner concerning REC Silicon’s outstanding capital contribution.

NextEnergy Solar Fund buys 26 MW of UK solar farms

NextEnergy Solar Fund Ltd (LON:NESF) said it has acquired four operating solar power plants in the UK with a combined capacity of 25.9 MWp.

Allianz, Merrill Lynch take stake in 306-MW wind farm of E.on

Allianz Renewable Energy Partners of America and BofA Merrill Lynch have taken a partial stake in E.on SE’s (ETR:EOAN) 305.8-MW Radford’s Run wind power complex in Illinois.

JLEN invests in UK anaerobic digestion plant

John Laing Environmental Assets Group Ltd (LON:JLEN) has invested GBP 11 million in an anaerobic digestion (AD) plant in South Oxfordshire, England.

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