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Glentra Capital, a Danish company, has acquired DVP Solar Worldwide, a developer based in Seville, Spain, from Everwood Capital. DVP Solar has over 3GW of utility-scale solar and battery projects under development in Europe and Latin America. Glentra plans to support DVP in expanding its business and capabilities in construction and operations across Europe. This acquisition is part of Glentra Fund I's strategy to invest in greenfield renewables, and it marks Everwood Capital's first divestment. [Extracted from the article]

Australian company Fortescue Energy has made a second equity investment in Spanish wind turbine technology developer Nabrawind. The investment aims to support Nabrawind's growth and accelerate the commercialization of its products on a large scale, with Fortescue as a major customer. Since Fortescue's initial investment in April 2023, Nabrawind has increased the deployment of its products with leading wind turbine manufacturers. Fortescue sees Nabrawind as a critical partner in their efforts to increase renewable energy adoption and decarbonize their operations in Western Australia. [Extracted from the article]

Spanish asset manager White Summit Capital (WSC) has acquired a stake in Valencia-based concentrated solar heating (CSH) developer Solatom. The investment involves the establishment of a platform to deliver solar thermal projects to industrial customers in Europe, contributing to the decarbonisation of industries. WSC will finance the construction of exclusive ready-to-build CSH projects developed by Solatom and will own and operate the assets through long-term heat purchase agreements. Solatom is developing a pipeline of projects totaling more than 100MW across Spain, continental Europe, and Latin America. This investment follows WSC's recent acquisition of a majority interest in Portuguese biomethane producer Ferbgas Renewable. [Extracted from the article]

Statkraft, a Norwegian company, has completed the acquisition of Madrid-based renewable energy platform Enerfin from Elecnor for €1.8 billion ($1.9bn). Enerfin develops, builds, and operates solar and onshore wind projects, with a portfolio of 1.5GW in operation or under construction. Statkraft plans to divest Enerfin's assets in Canada, the US, Colombia, Australia, and Chile, and intends to use the acquisition to repower wind farms and increase hybridization and battery storage possibilities. This acquisition solidifies Statkraft's position as Europe's largest producer of renewable energy and aims to become a leading renewable company internationally. [Extracted from the article]

Mirova, an affiliate of Natixis Investment Managers, has agreed to purchase a 60MWp solar project in Mahon, Menorca from Qualitas Energy and Q-Impact. The project, which has been in development since 2019, has the potential for additional storage capacity of up to 30MW/120MWh. Construction is expected to begin in mid-2024, with completion scheduled for early 2026. Once operational, the solar plant will be the largest in the Balearic Islands and will produce approximately 92GWh per year, meeting about 20% of Menorca's annual electricity demand. The acquisition will be made through Mirova Energy Transition 5 (MET5), a vehicle launched in 2021 with a target of €1 billion. [Extracted from the article]

Repsol, a Spanish energy company, has acquired a 40% stake in Genia Bioenergy, a Valencia-based company that specializes in biogas and biomethane production. Genia has 19 biomethane projects in progress in Portugal and Spain, with a total capacity of 1.5TWh per year, as well as 11 projects in early development. Repsol plans to purchase all the output from these projects for internal use and to sell to customers. This move is part of Repsol's strategy to transform its facilities into multi-energy hubs with a low carbon footprint. [Extracted from the article]

Portuguese renewable developer Finerge has completed the acquisition of a 71MW wind portfolio in the Spanish region of Navarra from Alfanar. The agreement, announced in May 2023, involved Finerge providing €130 million ($139m) to Alfanar for the construction of four wind farms with a total of 18 turbines. Three of the facilities are already operational, while the fourth will begin construction in the summer of 2024. The wind farms will produce 165GWh per year, enough to power 32,000 households. This acquisition expands Finerge's operating portfolio in Spain to over 300MW and adds to their existing portfolio of wind and solar projects in Portugal and Spain. Finerge's CEO, Pedro Norton, expressed their commitment to further growth in the Iberian market and highlighted the importance of this acquisition as a milestone for the company. [Extracted from the article]

Repsol, a Spanish energy company, has agreed to purchase a 40% stake in three biofuel plants in Spain from Bunge for $300 million. The partnership aims to reduce emissions from the transport sector and meet the growing demand for renewable fuels. The plants, located in Bilbao, Barcelona, and Cartagena, will continue to be operated by Bunge Ibérica. Repsol plans to increase its production capacity of renewable fuels from 1.1 million tonnes to 1.7 million tonnes by 2027. This collaboration is the first of its kind in Europe and supports the decarbonization of agricultural and oil supply chains. [Extracted from the article]

Suma Capital, through its SC Climate Impact Fund III, has acquired an 80% stake in ATH Bioenergy, a biomethane producer and marketer based in the Canary Islands. Tibanna, a Swiss company, will retain a 20% stake in the company. The acquisition aims to revolutionize the energy and waste recovery sector on the islands, with ATH planning to construct four biomethane and fertilizer production plants at a cost of €100 million. These facilities will process approximately 120,000 tonnes of organic waste, primarily from hotel chains. This acquisition is part of Suma's larger efforts to invest in sustainable energy projects, including previous acquisitions in Italy and Spain. [Extracted from the article]

Canadian Solar subsidiary Recurrent Energy has acquired the 420MWp Rey solar portfolio in Spain. The portfolio consists of four projects under construction, each with a capacity of up to 120MW. The projects will use Canadian Solar's TopBiHiKu7 N-type bifacial TOPCon technology modules. The Rey portfolio is expected to produce 916,000MWh per year, powering over 275,000 homes and reducing CO2 emissions by 184,000 tonnes. Recurrent Energy has a global development pipeline of 26GW in solar and 55GWh in storage, and plans to start construction of over 1GW of solar projects in Spain this year. BlackRock has also invested $500 million in Recurrent Energy. [Extracted from the article]

Antin Infrastructure Partners, through GCE Bidco, has obtained the approval of 99.6% of Opdenergy's shareholders to launch a compulsory acquisition of the remaining shares of the Spanish renewable developer. The ¿866 million takeover bid was subject to the approval of at least 75% of Opdenergy's shareholders and authorization from the Spanish government and the Spanish National Securities Market Commission. The acquisition is set to take place on April 15, 2024, and Antin's proposal offers shareholders ¿5.85 per share in cash. Antin intends to support Opdenergy's growth and development by providing capital and energy infrastructure expertise. [Extracted from the article]

Spanish renewable gas developer Redexis Renovables has acquired two biogas plants in the region of Murcia, Spain. The company plans to invest €22 million to upgrade the facilities and produce biomethane. Once upgraded, the plants will generate 80GWh of biomethane and save 14,600 tonnes of CO2 emissions per year. Redexis aims to have over 30 biomethane plants by 2030, investing more than €400 million to produce 2TWh annually. The company is leading the deployment of renewable gases from agricultural and livestock waste in Spain. [Extracted from the article]

The Spanish National Securities Market Commission (CNMV) has approved Antin Infrastructure Partners' acquisition of renewables developer Opdenergy for €866 million ($934m). The offer, which was announced in June 2023, is now only subject to Antin obtaining the approval of at least 75% of Opdenergy's shareholders. Antin's proposal offers shareholders €5.85 per share in cash, representing a premium over the closing share price prior to the announcement, the average weighted share price for the 6 months prior to the announcement, and the IPO price in July 2022. The acquisition is being made through Antin Infrastructure Partners V, and Antin plans to support the continued development and growth of Opdenergy as a leading global renewable energy platform. Opdenergy will be delisted from the Spanish stock exchange if the deal goes ahead. [Extracted from the article]

The Spanish government has approved Antin Infrastructure Partners' acquisition of renewable energy developer Opdenergy for €866 million. The offer, which was announced in June 2023, required a minimum 75% shareholder acceptance, which Antin obtained in two stages. The acquisition is being made through Antin Infrastructure Partners V, a vehicle that has already raised over €5 billion and is targeting a final closing of €10 billion. Antin plans to support Opdenergy's growth and development by providing capital and expertise in energy infrastructure, aligning with its commitment to the energy transition and Spain's goal of achieving a net-zero balance. Opdenergy will be delisted from the Spanish stock exchange if the deal is finalized. The company currently has a diversified portfolio of solar and onshore wind assets in Europe, Latin America, and North America. [Extracted from the article]

Swedish developer OX2 has sold a 45MW portfolio of solar projects in the Andalusia region to Spanish renewables company Greening. These projects are expected to generate 84GWh of electricity annually once operational. This is OX2's second divestment of solar projects in the Spanish market, following the sale of an 82MW portfolio in Andalusia and Castilla-La Mancha to Afcon Renewable Energy. OX2 has also previously sold two wind projects in Sweden and Poland. OX2's CEO, Paul Stormoen, stated that solar is an important part of the company's focus on new technologies and the transition to fossil-free electricity. [Extracted from the article]

French energy company Engie has acquired a 51% stake in the 194MW Goya wind portfolio in Spain, increasing its ownership in the project from 15% to 66%. The stake was sold by Mirova Eurofideme 3 (MEF3), RGREEN Invest, RIVE Private Investment, and Apres Demain. This transaction allows Engie to strengthen its position in the Spanish renewable energy market. The Goya project, developed by Forestalia, is the first renewable project in Spain to be built without subsidies and has a 17-year €155 million refinancing from Natixis CIB. [Extracted from the article]

US renewables developer Emeren Group has acquired an 86MWp solar project portfolio in central Spain from Negratin Global Services. The deal includes 13 ready-to-build projects ranging from 6-14MW. Construction is set to begin in 2024, with completion expected in early 2025. The facilities will generate 166GWh per year, enough to power 51,380 households, and Emeren plans to develop battery energy storage systems at the project sites to reduce CO2 emissions. Emeren currently has a portfolio of over 300MW of solar and 100MWh of storage in Spain, with plans for over 4GW in the coming years. [Extracted from the article]

Marguerite, an investment firm, has acquired a majority stake in the Iberian renewables services company, SotySolar. SotySolar provides solutions for solar PV self-consumption, batteries, and electric vehicle chargers in Spain. The company plans to expand its market position by increasing its customer base, expanding in Portugal, launching new products, and boosting sales of PV installations. Marguerite's investment aims to contribute to the energy transition and the EU's environmental targets. Plenium Partners, the previous majority shareholder, will remain a minority shareholder. [Extracted from the article]

Gunvor Group, a Swiss energy trading company, has acquired a 75% stake in the Bahía De Bizkaia Electricidad (BBE) power plant in Bilbao, Spain. The power plant has a capacity of 785MW and primarily uses natural gas as fuel. Gunvor's acquisition of BBE expands its presence in Spain, following its previous investment in biodiesel refinery plants. The transaction is expected to close in Q1 2024. BP Gas Marketing, the previous owner, is divesting its stake as part of its strategy to transition to an integrated energy company. Gunvor aims to align its trading in natural gas and power with the plant to contribute to Spain's economy and energy transition goals. [Extracted from the article]

Spanish renewable energy developer X-Elio has secured a €35 million financing agreement with Bankinter to develop, operate, and maintain a 67MW solar portfolio in Spain. The portfolio consists of two projects in Xixona, Valencia, totaling 50MW, with one project currently under construction and expected to be completed by the end of 2023, and another project that has been operational since 2021. Additionally, there is a 17MW operational farm in Fuente Álamo, Murcia Region. X-Elio has previously secured financing for other solar projects in Spain and Japan. The company is fully owned by Brookfield Renewable Partners since September 2023. Nicholas Pentreath, the CFO of X-Elio, expressed the company's commitment to delivering high-quality projects in Spain and addressing climate needs in collaboration with partners like Bankinter. [Extracted from the article]

Spanish renewables developer Grenergy Renovables has secured a $157 million green corporate financing with Banco Santander to accelerate its growth plans, specifically in the energy storage market. The financing is supported by Cesce, Spain's export credit insurance agency, and includes a green sustainability linked hedge that ties the interest rate to the achievement of ESG targets. This financing is a significant milestone for Grenergy and further details on the use of the funds will be announced at a later date. Grenergy has previously secured two other financings this year for solar projects in Chile and Spain. [Extracted from the article]

Foresight Solar Fund (FSF) has sold a 50% stake in its 99MW Lorca solar portfolio in Spain to a fund advised by EB-Sustainable Investment Management (EB-SIM) for €26.9 million ($29.2m). The sale represents a 21% premium over the holding value of the assets and an exit IRR of 12.1% on the funds invested. The portfolio consists of three farms in the south of the Granada province and has generated 138GWh of electricity between March and September 2023. The proceeds from the sale will be used to pay down FSF's variable rate RCF, and the fund is in discussions to divest more operating assets next year. [Extracted from the article]

Spanish utility Iberdrola has sold three mini-hydro plants in Spain to Austrian renewables operator Kelag for €55 million ($58m). The plants, located in the Castellón area, have a total installed capacity of 35MW. This is Kelag's second acquisition in Spain, following its purchase of four mini-hydro plants in 2022. The agreement also allows for the inclusion of additional mini-hydro assets in the future. Iberdrola's divestment is part of its non-strategic asset rotation plan to support its investments in the energy transition. Kelag owns numerous hydro plants across Europe and plans to increase its renewables projects in Austria and Europe. [Extracted from the article]

Under the agreement, LyondellBasell will receive some 284,000MWh of solar energy annually from 2026 onwards, which represents the electricity consumption of 78,000 households per year. LyondellBasell has signed a 10-year PPA with Lightsource bp in Spain, securing 149MW of renewable electricity from a solar project. [Extracted from the article]

The project consists of 2 phases: Sabinar I (155MW) - operational Sabinar II (83MW) - under construction The Sabinar project was acquired by the beneficiaries from Hive Energy in 2021. Eranovum, Noy Fund and Nofar Energy have secured a €132 million ($138m) senior debt loan from a German pension fund to finance the 238MW Sabinar solar plant in the Spanish province of Cuenca. The debt has a maturity of over 20 years and will cover a significant part of the capex of the project, the beneficiaries said. [Extracted from the article]

Madrid-based Bruc has secured a sustainable corporate financing of €600 million ($637m) from 7 entities to help finance the construction of an 8.5GW portfolio in Spain. Its Spanish portfolio includes 6 solar plants that Bruc bought from Opdenergy in December last year (2022). [Extracted from the article]

Infranity, part of Generali Investments, has provided €68 million ($72m) to Rotonda Group-owned Planea Energia for the construction of a 141MW PV portfolio in Belinchon, Spain. The financing for the 3-asset portfolio was done through a bond issue via Alter5, a financing and M&A platform for renewables projects. [Extracted from the article]

Greenvolt's Portuguese subsidiary also bought a 50% stake in Spanish solar solutions provider Univergy Autoconsumo from Univergy Solar and Remigio Abad in April 2022. Greenvolt Next Portugal will acquire a controlling stake in Ibérica Renovables, a Spanish supplier of mechanical solutions for PV parks. Greenvolt to acquire Ibérica Renovables, Spain. [Extracted from the article]

Energía, Innovación y Desarrollo Fotovoltaico (EidF) will divest a 56MW portfolio of solar self-consumption facilities and PPAs to Brookfield Asset Management-owned Finlight Corporate for about €26 million ($28m) in Spain. The portfolio is being sold for €20.73 million and includes 53 solar self-consumption facilities: 32 operational 21 under construction - with plans to be completed in 45 days The deal also involves a €5.26 million payment for EPC contracts, applicable to those assets under construction. [Extracted from the article]

EIG Partners has invested €255 million ($280m) in Spanish power producer Prosolia Energys, which plans to reach an operating capacity of 2GW by 2026. Prosolia specialises in the entire value chain of solar PV assets, with a focus on rooftop and ground-mounted industrial self-consumption projects through on-site PPAs. Prosolia secures EIG's financing, Spain. [Extracted from the article]

Seville-based AGR develops, designs, finances, builds and operates large-scale biomethane plants in Spain. SWEN Capital Partners and Rika Biotech have acquired a minority stake in Spanish biomethane developer AGR Biogas, increasing their ownership. [Extracted from the article]

The portfolio will sit in Helia Renovables III, a fund raised by Bankinter and managed by Plenium. RIVE Private Investment has sold 2 wind farms in the south of Spain to Bankinter Investment and Plenium Partners. [Extracted from the article]

It sold, through its subsidiary ERG Power Generation, an Italian thermoelectric plant to Swiss investor Achernar Assets for an EV of €191.5 million, in line with the group's strategy to focus on wind and solar power generation. ERG's Spanish subsidiary has acquired Instalacion Fotovoltaica Arericsol VIII (IFAVIII) from Renertia Gestion Solar II (RGSII) for an enterprise value (EV) of €30.4 million ($33.1m). [Extracted from the article]

Iberdrola has acquired a 20% stake in Spanish recycled aluminium manufacturer LatemAluminium, becoming its majority shareholder. The funds come from Iberdrola's Perseo programme which supports startups that accelerate decarbonisation and electrification. [Extracted from the article]

The transaction, which will be discussed at FCC's shareholder meeting on 19 July (2023), is valued at around €379 million ($412m) at today's market price. Spain-based Fomento de Construcciones y Contratas (FCC) is planning a takeover bid to buy a 7% stake in the company through a public tender offer. [Extracted from the article]

Antin Infrastructure Partners has offered to acquire Spanish renewable energy developer and producer Opdenergy for €866 million ($930.8m). The transaction is subject to: a minimum acceptance level of 75% of shares outstanding customary antitrust and Spanish foreign direct investment approvals Spanish National Securities Market Commission's (CNMV) approval Antin has already secured the acceptance of 71% of the shareholders through irrevocable undertakings from 2 founders of Opdenergy, who will reinvest part of the proceeds in GCE Bidco if the takeover bid is successful. [Extracted from the article]

Adamo said it plans to use the funding to grow its network organically and acquire additional networks, consolidating its position as the leading and fastest-growing fibre optic operator in rural Spain. Fibre optic operator Adamo has signed a €350 million ($378.5m) financing facility to expand its fibre network in rural areas in Spain. [Extracted from the article]