KKR-backed Serentica Renewables, BlackRock and Sembcorp are leading the race to acquire Statkraft’s Indian arm that the Norwegian state-owned company put on the block, according to people aware of the matter. The...
Greenko founders eye fresh deal to acquire Orix’s stake despite pullout
The founders of Indian clean energy producer Greenko Energy Holdings are still working on purchasing Orix Corp.’s stake in the company, despite the Japanese financial group’s announcement cancelling the sale, said...
Ireda files insolvency application against Gensol Engineering for default of ₹510 cr
The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean...
UK’s BII to acquire 10 pc in ReNew Solar unit for Rs 870 crore
British International Investment (BII) has agreed to invest ₹870 crore, or about $100 million, for a 10% stake in ReNew Energy Global’s solar manufacturing unit, the Nasdaq-listed firm said in a statement. The...
Eni pockets 3.6 bln euros from stake sales in biofuel unit to KKR
Italian energy group Eni said on Friday it completed the sale of an additional 5% stake in Enilive to U.S. fund KKR, bringing the total proceeds from the disposal of two minority stakes in its biofuel unit to 3.6...
UAE renewable energy firm Masdar completes purchase of Greece’s Terna Energy
United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy, after buying a majority stake last year, a further step in its international expansion...
JSW Neo Energy completes acquisition of 4.7 GW renewable energy platform from O2 Power
JSW Energy on Wednesday said its arm JSW Neo Energy has completed the acquisition of 4.7 GW renewable energy platform from O2 Power for an enterprise value of Rs 12,468 crore. The total installed capacity now stands at...
Brazil’s Equatorial sells power transmission assets to Canada’s CDPQ
Brazilian energy company Equatorial Energia has agreed to sell its portfolio of power transmission assets to a firm owned by Canada’s Caisse de depot et placement du Quebec (CDPQ), it said in a securities filing...
ConocoPhillips eyes sale of Oklahoma assets worth over $1 billion, sources say
ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired...
Solar company Emeren gets takeover proposal, says CEO to step down
Renewable energy company Emeren said on Friday it has formed a special committee to evaluate a buyout proposal it received earlier this month. The company did not disclose the name of its potential acquirer or the...
TPG acquires Siemens Gamesa’s wind turbine businesses in India and Sri Lanka
TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa Renewable Energy’s wind turbine generator businesses in India and Sri Lanka. Siemens Gamesa is a wind power...
TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 million
A consortium led by TPG, along with industrialist Vellayan Subbiah of the Murugappa Group and former JSW Group senior executive Prashant Jain, is poised to acquire Siemens Gamesa Renewable Power for an enterprise...
