Italy’s ERG has agreed to sell a 480-megawatt gas-fired power plant in southern Italy to utility Enel to complete its transformation into a pure wind and solar company. The sale of ERG Power, which also includes a...
Brazil’s Starboard sells 22.8 mln shares in 3R Petroleum
Brazilian private equity firm Starboard Partners sold 22.8 million shares in oil company 3R Petroleum Oleo e Gas SA in a block trade on Tuesday, according to a securities filing from the oil company. Starboard’s...
SBI, Tata Power tie up for financing solar projects
State Bank of India (SBI) on Monday said it has entered into an agreement with Tata Power Solar Systems for financing of solar projects. The lender has also set up a dedicated centralized processing cell –...
Reliance arm acquires 29.63% stake in SWREL
Reliance Industries Limited (RIL) on Saturday announced that it has completed the acquisition of 29.63% of the total paid-up equity share capital of Sterling and Wilson Renewable Energy Ltd (SWREL). “This is further to...
Siemens Energy weighs options for Siemens Gamesa integration -sources
Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current...
Kinetic Green to partner China’s Aima for electric two-wheelers
After China’s largest car maker SAIC and SUV maker Great Wall, now one of country’s largest electric two wheeler maker Aima Technology Group is looking to get a foothold in India through a collaboration with...
Unit Corp looks to sell Anadarko, Gulf Coast gas assets for $1 bln – sources
Unit Corp, one of the top U.S. natural gas producers, has hired an investment bank for a sale of its oil & gas producing assets in the Anadarko and Gulf Coast basins that could fetch around $1 billion, sources told...
Braskem announces share offering, as Petrobras and Novonor divest their stakes
Brazilian petrochemical producer Braskem SA filed with the Securities and Exchange Commission on Friday for a share offering in which Petrobras and Novonor will sell their stakes in the petrochemical company. The...
Acciona considers selling 8% stake in clean energy unit, Cinco Dias reports
Spanish infrastructure group Acciona is considering selling an 8% stake in its clean energy unit Acciona Energia on the stock market six months after its initial public offering, Cinco Dias newspaper reported on...
Shapoorji Pallonji sells 1.84 cr shares of SWREL to Reliance
Shapoorji Pallonji and Company on Thursday said it has sold 1.84 crore shares of Sterling And Wilson Renewable Energy (SWREL) to Reliance New Energy Solar after which its stake in SWREL has come down to 33.06 per cent...
Reliance New Energy acquires 100% stake in sodium-ion battery firm Faradion
Reliance Industries’ solar arm will buy sodium-ion battery technology provider Faradion for 100 million pounds including debt. “Reliance New Energy Solar Limited, a wholly-owned subsidiary of the company...
Italy’s A2A buys majority stake in rival Volta Green Energy
Italian regional utility A2A said on Monday it had agreed to buy a majority stake in north-eastern peer Volta Green Energy, adding the deal would more than double its 300 megawatts (MW) of solar and wind assets. A2A...
