Sebastian Montoya
In this edition, we look at a week of big moves: new battery projects to keep grids flexible, fresh partnerships in offshore wind, and investors backing everything from biomethane to rooftop solar and next‑generation materials.
- Storage returns to the spotlight, with co-development frameworks such as Ingrid and Energiequelle’s 200 MW German expansion, and some long-duration concepts gaining attention.
- Wind keeps pushing out to sea and across regions: Floating wind progress in France and Scotland, new auction rounds in Ireland, and portfolio reshuffles in Spain and Sweden quietly shaping tomorrow’s turbine owners.
- Beyond generation, capital continues to move into bioenergy, rooftop and onsite solar, hybrid solar-plus-storage, and cleaner materials for energy hardware.
If you’d like to keep following these stories as they evolve, feel free to connect with me on LinkedIn.
Deals breakdown
A steady November for European clean-energy M&A, with hybrids gaining ground
Our latest curation data shows that European renewable-energy M&A remained steady in November. Looking only at M&A and JVs, there were 51 clean-energy deal announcements, almost flat compared with October’s 53.
The UK and Germany together account for almost half of November’s deals (16 and 8 respectively), with Italy, France and Spain forming a strong second tier.
The mix, however, shifted slightly, with wind edging ahead of storage (which saw a couple of quieter weeks in mid-November) in deal count. Large, multi-technology platforms accounted for the biggest ticket sizes in the announcements we tracked during the period.
For dealmakers, two quick takeaways stand out:
- Wind and storage remain the most active parts of the market, together accounting for almost half of November’s deal count.
- Hydrogen cooled noticeably (two deals in November versus six in October), while solar + BESS appeared with four transactions (a small but useful signal that integrated assets are moving up the agenda).
Overall, November doesn’t rewrite the story, but it does refine it: European renewable energy M&A is holding up in volume, tilting gently towards wind, storage and hybrids, and still offering plenty of room for well‑prepared buyers and sellers to get deals done.
Battery storage
- Germany | Ingrid partners with Energiequelle to co-develop 200 MW of battery storage, marking Nordic firm’s German market entry and advancing goal to optimize 1 GW of flexible assets by 2030
- Italy | Spain’s Ric Energy buys 200 MW battery project in Apulia, positioning for grid flexibility buildout as Italy emerges among Europe’s fastest-growing storage markets
- Poland | TFKabel acquires Lublin University’s energy storage technology, advancing modular and mobile BESS integration for renewables and grid stability
- Romania | Premier Energy acquires 200 MW / 400 MWh ready-to-build storage project near Iași, reinforcing vertically integrated strategy and advancing 2026 commissioning target
- United Kingdom | Asper–Craydel JV Invis Energy buys 49.9 MW / 199.6 MWh Beauly battery project from Lovat Estates, advancing late-stage asset with secured planning approval
- United Kingdom | Siemens Energy and EnergyPathways agree to jointly assess long-duration energy storage opportunities based on CAES and hydrogen integration
Bio-fuels
- France | EQT opens €534m mandatory tender offer for Waga Energy shares at €21.55 plus earn-out, aiming full takeover and RNG platform expansion
- United Kingdom | Vital Energi acquires Port Clarence biomass facility from Nuveen Infrastructure, deploying £175m Nordic bond proceeds to scale energy-from-waste ownership
Multiple
- France | Iberdrola agrees to sell 118 MW operating and 639 MW pipeline of onshore wind and solar assets to Technique Solaire, refocusing French strategy on offshore wind
- Spain | China Three Gorges plans large-scale acquisitions of renewable and battery assets, reaffirming Spain as core European market amid shift toward long-term industrial returns
- United Kingdom | EQT Foundation joins £5m seed round for Milvus Advanced, backing nanomaterials innovation to replace platinum group metals in clean energy tech
Wind
- France | BW Ideol Projects Company acquires 15% stake in 250 MW Méditerranée Grand Large floating wind project, deepening role in EDF–Maple Power consortium and expanding Mediterranean footprint
- Germany | Feralpi Stahl and Juwi sign MoU to co-develop regional wind projects in Saxony, advancing low-carbon steel production and industrial decarbonisation
- Ireland | Bord Gáis and EDF form consortium for 900 MW offshore wind auction bid, strengthening cross-border collaboration in Irish renewables market
- Spain | Acciona in talks to sell 550 MW Galicia wind portfolio to public-private firm Recursos de Galicia for €700m, advancing asset rotation strategy
- Sweden | Arise board recommends SEK 1.8bn cash takeover bid from Aneo, valuing shares at SEK 45 and offering 56% premium to pre-announcement price
- Sweden | Zephyr Renewable buys Statkraft’s Bothnia Offshore Sigma and Lambda North projects, expanding to nation’s largest offshore wind pipeline amid permitting review
- United Kingdom | Nadara acquires BlueFloat’s 50% stake in 2.9 GW ScotWind floating portfolio, consolidating full control of four projects while reaffirming mid-2030s delivery targets
