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...
Mubadala, Raizen in final round to buy BP-Bunge Brazilian ethanol venture – source
UAE state investor Mubadala Investment Co and energy company Raizen SA are in the final round to acquire Brazilian ethanol joint venture BP Bunge Bioenergia, the world’s third-largest sugarcane processor, one...
JSW Energy unit to buy renewable assets from Mytrah Energy for Rs 10,530 crore
JSW Neo Energy, a wholly owned subsidiary of JSW Energy will acquire a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited for Rs 10,530 crore, the company said today...
Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion
Shale producer Devon Energy said it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash. The deal comes at a time when oil producers are reaping massive benefits from a surge in oil and gas...
Talos Energy in talks to buy Gulf of Mexico peer EnVen for $1 billion
Talos Energy Inc is in talks to acquire Bain Capital-controlled EnVen Energy for about $1 billion and also take on the debt of the U.S. Gulf of Mexico operator, according to people familiar with the matter. The deal...
Serica Energy rejects Kistos’ revised $1.4 billion merger offer
Serica Energy has rejected a revised merger proposal from energy investment firm Kistos at a valuation of nearly 1.2 billion pounds ($1.4 billion), saying it undervalues the British oil and gas group. Kistos on Monday...
Australia’s Genex Power gets $220 mln take-private offer led by tech billionaire
Australian renewable energy developer Genex Power has received an unsolicited A$319 million ($220 million) takeover offer from two private equity firms, led by Atlassian co-founder Scott Farquhar, both sides said on...
