Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development...
Energy
Reliance Industries to withdraw merger of new energy business with itself
Reliance Industries on Saturday said the company’s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with it, and RNEL will undertake the conglomerate’s renewable energy...
Florida-based Sunergy Renewables to go public via $475 million SPAC deal
Solar energy company Sunergy Renewables said on Wednesday it will go public via a merger with blank-check firm ESGEN Acquisition Corp in a deal that will value the combined company at $475 million. Sunergy, which was...
Eversource Capital, JSW Neo shortlisted for buyout of Continuum Green Energy
Eversource Capital and JSW Neo Energy are the two bidders shortlisted to acquire a controlling stake in Morgan Stanley-backed Continuum Green Energy, the enterprise value of which is pegged at $1.5 billion, according to...
Octopus Energy invests in Japanese solar power developer
Octopus Energy’s generation arm has invested in Japanese solar power developer Yotsuya Capital to develop new solar farms in Japan over the next five years, in its first investment in Asian renewables generation...
JSW Neo to acquire 12 SPVs of Mytrah Energy
JSW Energy on Tuesday said its subsidiary has agreed to acquire entire equity of 12 special purpose vehicles of Mytrah Energy (India) Pvt Ltd (MEIPL). In August 2022, JSW Neo Energy Ltd (JSWNEL) agreed to acquire a...
Origin Energy agrees $10.2 billion takeover deal with Brookfield consortium
Australia’s Origin Energy Ltd agreed a A$15.35 billion ($10.21 billion) takeover offer from a consortium led by Canada’s Brookfield, nearing the conclusion of one of the biggest private equity-backed buyouts...
Brookfield in talks to acquire CleanMax Solar
Canadian investor Brookfield has entered into exclusive negotiations to invest as much as ₹3,000 crore ($363 million) to buy a controlling stake in CleanMax Solar, which provides renewable energy to commercial and...
Malaysia’s Petronas offers $460 million for stake in India’s NTPC’s green arm: Sources
Malaysia’s Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India’s largest power producer, NTPC, in the first deal of its kind by a state-run firm, three...
Agrofert to win EU approval to buy Borealis’ nitrogen unit
Czech group Agrofert is set to win unconditional EU antitrust approval for its purchase of the nitrogen business of Austrian energy group OMV’s unit Borealis, a person with direct knowledge of the matter said on...
Brookfield consortium trims offer for Australia’s Origin Energy to $10.5 billion
A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia’s no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas...
Hancock Energy’s updated $304 million bid for Warrego Energy satisfies minimum condition
Gina Rinehart-owned Hancock Energy said on Monday that its updated A$0.36 per share offer for Australia’s Warrego Energy, which valued the oil and gas explorer at A$440 million ($304 million) has received the...
