The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint...
Chemplast Sanmar to acquire 18.46% stake in JSW Green Energy Nine for Rs 21.38 crore
Chemplast Sanmar announced that it, along with its subsidiary, Chemplast Cuddalore Vinyls, will acquire equity shares in JSW Green Energy Nine, a special purpose vehicle established by JSW Neo Energy for renewable power...
GIP hires banks to sell Vena Energy stake at up to $10 billion valuation, sources say
Global Infrastructure Partners (GIP) has mandated Morgan Stanley and Japan’s Mitsubishi UFJ Financial Group to manage the sale of a controlling stake in Vena Energy, in a deal that could value the Singapore-based...
ONGC-NTPC Green Energy JV acquire Ayana Renewable for Rs 19,500 cr
A joint venture between state-owned majors — oil and gas explorer ONGC Ltd and thermal power giant NTPC Ltd — has acquired a 100 per cent equity stake in Bengaluru-based Ayana Renewable Power Private Ltd for ₹19,500...
Indus to acquire 26% in Amplus Tungabhadra in Rs 27 cr all-cash deal
Indus Towers will acquire a 26% stake in Amplus Tungabhadra Pvt Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 27 crore, the telecom tower company informed...
Britain’s competition watchdog probes Iberdrola merger with NWEN
Britain’s Competition and Markets Authority said on Wednesday it was weighing whether a merger of Spain’s Iberdrola and NWEN Ltd could reduce competition in the energy sector, and make it tougher for market...
Atlas Energy to acquire Moser Energy Systems for $220 million
Oilfield services firm Atlas Energy Solutions said on Monday it will acquire privately owned Moser Energy Systems in a cash-and-stock deal worth $220 million. The deal, comprising $180 million in cash and approximately...
Octopus Energy acquires OX2’s French solar unit to boost development
Britain’s Octopus Energy acquired on Wednesday the French business of Sweden-based OX2 that develops solar power plants on agricultural land, with Octopus planning to retain the French team and add to the current...
Waaree Energies acquires EGP India for Rs 792 crore
Waaree Energies Limited, India’s largest manufacturer of solar PV modules with an installed capacity of 13.3 GW, has signed a definitive agreement to acquire 100% of Enel Green Power (EGP) India from Enel Green Power...
JSW Energy completes acquisition of 125 MW renewables from Hetero group
JSW Energy on Friday said its arm JSW Neo Energy has completed the acquisition of 125 MW of renewable energy assets from Hetero Group for an enterprise value of about Rs 630 crore. The 125 MW portfolio comprises wind...
Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, one of the biggest acquisitions in U.S. power industry history...
IFC, ADB, DEC get CCI’s clearance to acquire stake in Fourth Partner Energy
Fair trade regulator CCI on Tuesday cleared the World Bank’s IFC, Asian Development Bank (ADB) and German government’s DEG proposal to acquire a stake in Fourth Partner Energy. IFC — a member of the...
