Waaree Renewable Technologies on Thursday said it has acquired a 55 percent stake in Associated Power Structures Pvt Ltd (APSPL) for Rs 1,225 crore. According to a regulatory filing, the company has acquired 55 percent...
Energy
JSW Energy acquires MCCPL to strengthen thermal portfolio
JSW Energy Limited has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire 100% equity shares of Maruti Clean Coal & Power Limited (MCCPL), making...
Japan’s Chubu Electric set to buy $150 million stake in Continuum Green
Japan’s leading integrated power utility, Chubu Electric Power, is set to acquire a minority stake in renewable energy platform Continuum Green Energy for about $150 million (₹1,430 cr), according to sources...
Inox Clean Energy buys Vena’s India energy business for Rs 6,000 crore
Inox Clean Energy, the renewable energy platform of the INOXGFL Group, said on Thursday it has signed a definitive agreement to acquire Vena Energy India’s 6 GW renewable energy portfolio. Financial terms of the...
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ₹643 crore through open market transactions...
Germany kicks off sales process of bailed-out energy firm Uniper
Germany kicked off the sales process for bailed-out energy firm Uniper on Tuesday, paving the way for what could become one of Europe’s biggest deals this year. Berlin had to nationalise Uniper during...
Aditya Birla group, KKR left in race for Sprng Energy
The Aditya Birla Group and private equity firm KKR are in a two-horse race to acquire Sprng Energy from oil giant Shell after binding financial bids were submitted by four contenders interested in acquiring the...
Waaree Renewable to acquire 55% stake in Associated Power Structures for Rs 1,225 crore
Waaree Renewable Technologies on Thursday said it has inked pacts for the acquisition of a 55 per cent stake in Associated Power Structures Pvt Ltd for Rs 1,225 crore. According to a regulatory filing, the company has...
Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered company, said people familiar with...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buy
National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s quasi-sovereign wealth fund looks to re...
Jindal Renewables, INOXGFL in race for GIP’s Vena India
Leading homegrown clean energy producers such as Naveen Jindal-owned Jindal Renewables, INOXGFL Group, and Edelweiss-owned Sekura Energy are in talks to acquire Vena Energy India, a 1.1 GW renewable energy platform...
Iberdrola puts $1 billion solar stake sale on hold, sources say
Iberdrola has put on hold for now the attempted sale of a minority stake in a roughly 1-gigawatt Spanish solar energy portfolio, according to two people familiar with the matter. The Spanish company decided to explore...
