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...
Partners Group to buy California energy assets for $2.2 billion
Swiss private equity firm Partners Group will buy an energy asset management platform and certain gas-fired power plants in California from U.S.-based Avenue Capital Group for $2.2 billion, the companies said on Tuesday...
BayWa deal with EIP for renewable energy unit collapses
Embattled German agricultural trading group BayWa said on Monday it would keep a majority ownership of renewable energy unit BayWa r.e. after an initial agreement with suitor Energy Infrastructure Partners fell apart...
JSW Energy shares in focus as subsidiary acquires Virya Infrapower
The shares of JSW Energy will remain in focus on Thursday, March 13, after the company’s subsidiary JSW Neo Energy has entered into a share purchase agreement (SPA) for a 100% stake acquisition of Virya Infrapower...
CCI clears ONGC-NTPC Green’s proposal to acquire Ayana for Rs 19,500 cr
The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint...
Chemplast Sanmar to acquire 18.46% stake in JSW Green Energy Nine for Rs 21.38 crore
Chemplast Sanmar announced that it, along with its subsidiary, Chemplast Cuddalore Vinyls, will acquire equity shares in JSW Green Energy Nine, a special purpose vehicle established by JSW Neo Energy for renewable power...
GIP hires banks to sell Vena Energy stake at up to $10 billion valuation, sources say
Global Infrastructure Partners (GIP) has mandated Morgan Stanley and Japan’s Mitsubishi UFJ Financial Group to manage the sale of a controlling stake in Vena Energy, in a deal that could value the Singapore-based...
ONGC-NTPC Green Energy JV acquire Ayana Renewable for Rs 19,500 cr
A joint venture between state-owned majors — oil and gas explorer ONGC Ltd and thermal power giant NTPC Ltd — has acquired a 100 per cent equity stake in Bengaluru-based Ayana Renewable Power Private Ltd for ₹19,500...
Indus to acquire 26% in Amplus Tungabhadra in Rs 27 cr all-cash deal
Indus Towers will acquire a 26% stake in Amplus Tungabhadra Pvt Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 27 crore, the telecom tower company informed...
Britain’s competition watchdog probes Iberdrola merger with NWEN
Britain’s Competition and Markets Authority said on Wednesday it was weighing whether a merger of Spain’s Iberdrola and NWEN Ltd could reduce competition in the energy sector, and make it tougher for market...
Atlas Energy to acquire Moser Energy Systems for $220 million
Oilfield services firm Atlas Energy Solutions said on Monday it will acquire privately owned Moser Energy Systems in a cash-and-stock deal worth $220 million. The deal, comprising $180 million in cash and approximately...
