Energy company NiSource said it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone’s infrastructure unit. The transaction will help Nisource cut debt and fund its...
Energy
Varo Energy acquires second biogas firm in 2023
European refiner and trader Varo Energy is acquiring biogas supplier Renewable Energy Services (RES), its second deal this year in a sector which is expected to grow rapidly as economies seek to reduce carbon emissions...
Eni intensifies talks to sell stake in low-carbon unit -sources
Italian energy group Eni has intensified talks with several investors over a potential sale of a minority stake in its renewables and retail business Plenitude, three sources with knowledge of the matter said on...
Inox Wind Energy soars 19% on board’s nod for merger with Inox Wind
Shares of Inox Wind Energy rallied 19 per cent to hit a record high of Rs 2,150, while Inox Wind slipped 5 per cent to Rs 138.50 after the board approved merger with Inox Wind Energy. Inox Wind, India’s leading wind...
Duke Energy to sell Commercial Renewables unit in $2.8 bln deal
Duke Energy Corp said it has agreed to sell its unregulated utility-scale Commercial Renewables business to Brookfield Renewable in a deal valued at about $2.8 billion. Duke said it expects net proceeds of about $1.1...
JSW Group plans to sell minor stake in Neo Energy for $500 m
JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed...
Eversource Energy to sell stake in offshore wind site to JV partner Ørsted
Eversource Energy agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash. The agreement to sell the lease area of about...
Suzlon in talks with Deutsche Bank to raise $350 million
Green energy company Suzlon is in talks with Deutsche Bank to raise $350 million in debt from the offshore market. This is in addition to ₹2,000 crore it is raising by selling non-convertible debentures (NCD) at home...
Siemens Gamesa agrees to sell Windar Renovables stake to Bridgepoint
Siemens Gamesa has signed an agreement to sell its 32% stake in Windar Renovables to Bridgepoint, a spokesperson for Siemens Energy, Siemens Gamesa’s parent, said on Sunday. The spokesperson declined to comment on...
IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 cr
Infrastructure investment trust India Grid Trust (IndiGrid) said it has signed a share purchase agreement for the acquisition of 100 per cent units in Virescent Renewable Energy Trust at an enterprise value of up to Rs...
Mitsui, Osaka Gas bid for ReNew C&I
Japan’s Mitsui & Co. and Osaka Gas have placed non-binding bids to buy a 30% stake in ReNew Energy Global Plc’s 2.3 gigawatts (GW) commercial and industrial project portfolio, two people aware of the development...
Energy Transfer acquires Lotus Midstream, raises 2023 earnings outlook
U.S. midstream company Energy Transfer said it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations for the rest of the year. The acquisition of Lotus Midstream...
