Renewable Energy M&A Weekly Update (December 26-30)

Dec. 30 (Renewables Now) — Renewables Now covered M&A stories about BlackRock, BP, Eni, TotalEnergies and more in the last week of 2022, as listed below.

— PPC to buy two Romanian 210MW PV projects from Mytilineos

The clean energy division of Greek energy company PPC SA (ATH:PPC) has entered into an agreement in principle with domestic industrial group Mytilineos SA to acquire a portfolio of 210 MW solar projects in Romania.

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— PPC Renewables wins tender for 46 MW wind and solar farms

PPC Renewables, part of Greek energy company PPC SA, has been selected as the preferred bidder for the acquisition of 46 MW of onshore wind and solar power plants from Piraeus Equity Partners.

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— Brazilian Omega buys 50% stake in 181.5 MW wind farm from EDF

Brazilian energy companies Omega Geracao SA and Omega Energia SA have completed the acquisition of a 50% stake in a 181.5 MW wind power complex in the state of Bahia, the latter said.

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— EDP completes sale of 209 MW hydropower plant from Peru to China Three Gorges

Portuguese energy company Energias de Portugal SA has completed the transfer of its stake in the 209 MW San Gaban III hydropower project in Peru to a company owned by the China Three Gorges.

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— ERG buys 25 MW solar farm in Spain from Renertia

Italian energy company ERG SpA announced on Friday that it has acquired a 25 MW solar power plant in Spain from a company that is part of Spanish venture capital firm Renertia Investment.

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— CIP leads A$5bn renewable energy hub in Queensland.

Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to acquire the assets forming the A$5 billion Bowen Renewable Energy Center in Queensland, Australia.

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— Inox Green controls Indian wind farm operation and maintenance business

Indian wind operation and maintenance (O&M) provider Inox Green Energy Services Ltd has unveiled its plan to take control of an unnamed player in the sector with a fleet of over 230 MW.

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— Poland’s Columbus is selling 102.5 MW solar farms to Engie.

Polish photovoltaic (PV) installation company Columbus Energy SA said it had agreed to sell 100% of its stake in photovoltaic (PV) projects with a total capacity of 102.5 MW to Engie Zielona Energia for more than 97 million euros.

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— NTPC and Tecnimont consider methanol green fuel project in India

Indian state-owned electricity producer NTPC Ltd and local subsidiary of Italian green chemistry specialist Maire Tecnimont SpA will explore opportunities to convert green methanol to green fuel.

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— Nexif Energy and Ratch form renewable energy JV

Singaporean real estate developer Nexif Energy, backed by Denham Capital, and Thai electricity producer Ratch Group plc have announced a renewable energy joint venture focused on Southeast Asia and Australia.

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— Total Eren joins San Ignacio in a 336 MW Philippine solar project.

Total Eren SA has agreed to join a 336 MW/440 MW solar power project in the Philippines, which was recently greenlit by the country’s Department of Energy.

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— Altus Power acquires U.S. solar portfolio for $293M

U.S. solar energy developer and operator Altus Power Inc has entered into a deal to purchase a portfolio of 220 MW solar assets from funds managed by private equity firm True Green Capital Management LLC (TGC).

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— EDPR hands over 200MW solar park in Indiana to NIPSCO

Madrid-based renewable energy company EDP Renovaveis SA announced the completion and transfer of management of the 200 MW Indiana Crossroads solar park to Northern Indiana Public Service Co LLC (NIPSCO).

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— BlackRock Alternatives invests more in Korean solar developer BEP

BlackRock Alternatives’ climate infrastructure division has additionally invested more than 170 billion won in Korean small-scale solar energy developer and independent power producer Brite Energy Partners (BEP).

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— Polish Grupa Azoty is close to participating in a 270 MW photovoltaic project

Major Polish chemical company Grupa Azoty said it had signed a preliminary conditional contract to buy local company Solarfarm Brzezinka, which is developing a photovoltaic (PV) project with a design capacity of 270 MW.

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— BP completes $4.1 billion acquisition of Archaea

British oil and gas company BP Plc has completed the acquisition of US renewable natural gas (RNG) producer Archaea Energy Inc, which will now be delisted from the New York Stock Exchange (NYSE).

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— Eni’s Plenitude buys 81 MW solar farm in Texas.

Plenitude, the power transmission arm of Italian oil and gas company Eni SpA, has acquired an 81MW solar fleet in Texas from Hanwha Qcells USA Corp, the US subsidiary of South Korea’s Hanwha Group.

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— Boralex buys five 894 MW US wind farms from EDF

Canadian renewable energy company Boralex Inc said it has completed the purchase of a 50% stake in 894 MW US wind farms from EDF Renewables North America.

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— TotalEnergies seeks to buy Polish biogas group PGB

TotalEnergies Gaz & Electricite Holdings SAS, part of French oil and gas group TotalEnergies SE (EPA:TTE), has applied for an antitrust clearance to buy Warsaw-based Polska Grupa Biogazowa (PGB), a biogas energy producer, Polish antitrust regulator UOKiK has announced. . .

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