Adani Green Energy Ltd on Monday said it has acquired three entities from Inox Green Energy Services Limited (IGESL) each holding 50 MW operational wind power projects at Dayapar in Gujarat. IGESL is a subsidiary of...
TotalEnergies to trim stake in Adani Green Energy
TotalEnergies SE said it could sell a small part of its 20% stake in Adani Green Energy Ltd. to cash in on the jump in the valuation of the Indian renewable energy producer. The French energy giant bought 20% of Adani...
Suzlon Energy to raise Rs 1,200 crore via rights issue of 2.4 bn shares
Suzlon Energy said its board has approved raising Rs 1,200 crore via a rights issue of 240 crore shares. The Securities Issue Committee of the Board, at its meeting held on Sunday, approved the rights issue, the company...
Octopus Energy Generation ups stake in UK offshore wind farm
Renewable energy investor Octopus Energy Generation said on Friday it has increased its stake in Britain’s Lincs Offshore Wind Farm. Octopus has been ramping up its offshore wind investments since entering the...
Reliance New Energy to acquire 20% stake in US-based Caelux
Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd. (RIL), will invest $12 million to acquire a 20% stake in solar technology developer...
Talos to buy Gulf of Mexico oil producer EnVen in $1.1 bln deal
Talos Energy Inc said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt. The acquisition will add 24,000 barrels of oil equivalent...
CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC’s green energy unit
The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India’s NTPC Ltd, a company official...
Hitachi Energy looks at acquisitions in India
Hitachi Energy will look at acquisitions and partnerships in India to foray into newer areas such as technologies for battery storage and other emerging areas in the energy space, said Claudio Facchin, CEO, Hitachi...
KKR looks to invest $400 million in Hero Future Energies
KKR and Co. is in advanced negotiations to invest around $400 million in Hero Group’s renewables energy company Hero Future Energies (HFE), in what would be the US private equity manager’s single largest cheque in...
Australia’s Genex Power gets sweetened $243 mln buyout bid
Renewable energy developer Genex Power Ltd said it received a sweetened buyout offer of about A$346.3 million ($243.10 million) from a consortium led by Atlassian co-founder Scott Farquhar. The consortium, which...
EnBW sells minority stake in 597 MW German solar portfolio
German utility EnBW has sold a 49.9% stake in a 597 megawatt (MW) solar power portfolio to local insurance firm ALH Group, reflecting rising deal activity across the renewables sector in light of higher valuations. The...
Shapoorji Pallonji to offload 1.25% stake in Sterling and Wilson Renewable Energy
Construction firm Shapoorji Pallonji and Company Private Limited has proposed to offload the 1.25 per cent shares it holds in green energy company Sterling and Wilson Renewable Energy Ltd (SWREL). In a regulatory filing...
