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...
Energy
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...
Actis and Aker’s Mainstream Renewable agree to sell Africa’s Lekela Power
Investment company Actis and Mainstream Renewable Power, a company controlled by Norway’s Aker Horizons, said it has signed an agreement to sell renewable energy company Lekela Power. The companies have agreed to...
CDPQ to buy 10% more stake in Apraava Energy
Apraava Energy said its promoter Hong Kong-based CLP Group has decided to offload 10% stake in the company to CDPQ Infrastructures for `660 crore. Post deal, CLP Group and CDPQ Infrastructures will hold equal share in...
JSW Energy, Torrent, Sembcorp join race for Vector Green assets
Leading domestic energy producers – JSW Energy, Torrent Power and Apraava Energy (formerly CLP India) and European major Sembcorp – have joined the race for acquiring 700 megawatts (MW) of wind and solar...
JSW in talks with PEs, foreign banks for Mytrah Energy acquisition
The JSW Group has initiated talks with several private equity (PE) funds, including American investment management firm Apollo Global Management, to acquire its renewable power producer, Mytrah Energy (India) Pvt Ltd...
Biocon to buy 26% stake in AMPYR Renewable Energy Resources Eleven
Biocon Ltd said it will acquire 26 per cent stake in AMPYR Renewable Energy Resources Eleven Pvt Ltd (AREREPL) for Rs 7.5 crore. AREREPL was incorporated on April 13, 2021. It is a special purpose vehicle formed for the...
Brazil’s Cemig to acquire three solar energy plants
Brazilian power utility Cemig said it reached a deal to acquire a special purpose company holding three photovoltaic plants for around 100 million reais ($19.30 million). The payment will be made when the solar plants...
British private equity firm Actis to buy 10% of Brazil’s Omega Energia
Brazilian renewable energy company Omega Energi said that British private equity firm Actis LLP will acquire 10% of its capital stock for around 770 million reais ($147 million). Tarpon Investimentos, which holds a...
Ontario Teachers’ Pension Plan in talks to buy 49% stake in Mahindra Susten
The Ontario Teachers’ Pension Plan (OTPP) is in advanced talks to acquire a stake of about 49% in Mahindra Susten, the renewable energy unit of Mahindra and Mahindra, said people aware of the development. OTPP...
GE acquires 49% stake in Continuum’s Morjar onshore wind farm project
GE on Wednesday announced the acquisition of a 49% stake in Continuum Green Energy (India) led 148.5 megawatt (MW) Morjar onshore wind project in Gujarat. The acquisition marks GE’s first onshore wind equity...
Turkey’s Kalyon in talks with Abu Dhabi’s IHC on energy assets -sources
Turkey’s Kalyon Holding is in advanced stages of talks with Abu Dhabi’s International Holding Company on setting up a strategic partnership for energy assets, according to people familiar with the issue. A...
