Fluor Corporation said on Tuesday its nuclear energy unit NuScale Power plans to go public by merging with a blank-check firm in a deal that values the combined entity at $1.9 billion, including debt. NuScale, which...
Aramco explores investment in RIL clean energy unit
Saudi Aramco is exploring an investment in Reliance Industries Ltd’s (RIL’s) clean energy unit, two people aware of the development said, close on the heels of the world’s largest oil company scrapping a $15 billion...
Singapore’s Keppel to acquire Shell-backed Cleantech Solar
Singapore based Keppel Corporation will acquire Royal Dutch Shell-backed solar power producer Cleantech Solar Energy. Keppel will invest $150 million to acquire 51% stake in the holding company. A consortium of Keppel...
Greenko forms JV with John Cockerill for electrolyzers
Greenko Group has set up a joint venture (JV) with Belgium’s John Cockerill for electrolyzers as part of its green hydrogen and ammonia manufacturing plans. The Belgium-based maker of high-capacity alkaline...
Reliance signs $736 million green loan to fund REC Solar acquisition
Reliance Industries is understood to have raised $736 million through a green loan facility to finance the Mukesh Ambani-controlled firm’s acquisition of Norwegian solar panel manufacturer REC Solar Holdings in what...
Credit Agricole Assurances to buy 49% of Edison’s green business
Credit Agricole Assurances has agreed to buy a 49% stake in the renewables business of Italian energy group Edison in a deal valuing the unit at more than 2 billion euros ($2.3 billion). In a joint statement, the two...
U.S. security review stalls sale of Shell Texas refinery to Mexico’s Pemex
A U.S. national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday...
Azure Power, 3 others looking to bid for Actis-owned Sprng Energy
NYSE-listed Azure Power, Macquarie, KKRand ReNew Power are among players weighing a bid for private equity firm Actis-owned renewable energy company, SprngEnergy, according to multiple people aware of the matter. A...
Vitol agrees to buy rest of Vivo Energy in $2.3 billion deal
A fund backed by trading giant Vitol Group agreed to buy Vivo Energy in a deal valuing the Africa-focused fuel retailer at about $2.3 billion. The transaction will bring Vivo assets back in the house for the oil trader...
Sval Energi nears deal to buy Spirit Energy’s Norwegian business -sources
Private equity-backed Norwegian energy company Sval Energi is nearing an agreement to acquire Spirit Energy’s oil and gas operations in the country for around $400 million, industry and banking sources said. Sval...
RWE has reached deal to sell parts of solar plant builder Belectric
RWE, Germany’s largest power producer, has reached a deal to sell parts of solar-plant builder Belectric, it said on Friday. “We can confirm that there is a transaction in relation to the divestment of parts...
Energy storage firm GES buys Rotterdam assets from Gunvor
Global Energy Storage, a new company that aims to store products such as hydrogen and biofuels, said on Thursday it is buying assets in Rotterdam from commodities firm Gunvor Group and will redevelop 20 hectares (49...
