Gurin Energy said on Wednesday it will acquire EDP Renewables APAC’s wind and solar project portfolio in South Korea to expand its footprint in the country. The acquisition of these projects, with a combined total...
Premier Energies, Syrma SGS shares in focus on JV to acquire KSolare Energy for Rs 170 crore
Shares of Premier Energies Limited and Syrma SGS Technologies Limited are expected to be in focus on Friday, October 24, after the two companies announced a joint acquisition of KSolare Energy Private Limited, a Pune...
Cenovus Energy builds bigger stake in MEG Energy ahead of merger vote
Cenovus Energy said on Tuesday it has purchased about 21.7 million common shares of MEG Energy ahead of a merger vote, bolstering its position as it prepares to acquire one of Canada’s last large pure-play oil...
Sembcorp to buy ReNew’s 300 MW solar power unit
Singapore-headquartered Sembcorp Industries has acquired a 300 MW solar power project in Rajasthan from ReNew Energy Global Plc at an enterprise value of $191 million, the two companies separately announced on Wednesday...
Eni sells 30% stake in Ivory Coast’s Baleine project to Vitol
Italian energy group Eni has completed the sale of a 30% stake sale in the Ivory Coast’s Baleine offshore project to global commodity trader Vitol, it said in a statement on Thursday. The Baleine project is now...
Saipem’s investors approve merger with Norwegian oil contractor Subsea7
Shareholders in Italy’s Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services. All the investors attending...
Waaree Energies to pick up 76% in smart electric meters company Racemosa for Rs 53 crore
Solar PV module maker Waaree Energies on Friday said it will acquire a 76% stake in Racemosa Energy India for ₹53 crore. Founded in 2018, Racemosa Energy India is a Maharashtra-based manufacturer of smart electric...
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement with Serentica Renewables includes a...
Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64% equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crores, making Kotsons a subsidiary of...
ExxonMobil considers sale of European chemical plants, FT reports
ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people...
Waaree Energies to acquire 64% stake in Kotson’s for Rs 192 crore
Waaree Energies on Tuesday said that its board has approved a proposal to acquire a 64 per cent equity stake in Kotson’s Pvt Ltd for a total consideration of Rs 192 crore. Kotson’s Private Limited...
Crescent Energy nears deal for US shale peer Vital Energy, sources say
Crescent Energy is in advanced talks to acquire smaller peer Vital Energy, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin. Terms...
