Renewables Now has reported a flurry of M&A deals this week, including those between UK-based EEW Renewables Ltd and Compass Digital Acquisition Corp, a special purpose acquisition company (SPAC). Brazil’s power sector regulator Aneel has approved the merger between Auren Energia SA and AENA Brasil Eeneria SA, paving the way for an 8.8-GW renewable energy platform. Swedish battery developer Northvolt AB has agreed to sell its industrial site in Borlange, central Sweden, where it plans to repurpose the former Kvarnsveden paper mill into a cathode active materials factory. US renewables firm Sol Systems has acquired a portfolio of 2 GW of utility-scale solar and storage projects across various states within the Midwest from local energy company Tenaska. French company Lum Energy has closed a USD-13-million Series B financing to fund its growth plans. Swedish renewable energy developer OX2 AB has sold two solar projects in Australia, totalling 137 MWp/105 MW AC, to Danish developer European Energy A/S. The Portuguese Competition Authority (AdC) has notified Tokyo Gas Co Ltd’s deal to buy a minority stake in the WindFloat Atlantic floating wind farm off the coast of Viana do Castelo municipality.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
