Brazilian energy company Energisa Transmissao de Energia SA said it has agreed to acquire power transmission company Gemini Energy SA in a deal worth around 822 million reais ($158.94 million). According to a securities...
Energy
Crescent Energy buys EP Energy’s Uinta oil and gas assets for $815 mln
Oil and gas producer Crescent Energy said it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately owned Verdun Oil Co for $815 million. Verdun’s owner, the...
Reliance completes acquisition of 40% stake in Sterling & Wilson Solar
Billionaire Mukesh Ambani’s Reliance Industries Ltd on Thursday said it has completed the acquisition of a 40 per cent stake in Shapoorji Pallonji Group’s Sterling & Wilson Renewable Energy Ltd (SWREL)...
TotalEnergies to buy SunPower’s commercial and industrial business for $250 mln
TotalEnergies SE agreed to buy U.S. solar company SunPower Corp’s Commercial and Industrial Solutions business for $250 million, the French group said. The deal will allow TotalEnergies to extend its distributed...
Italy’s ERG sells gas, hydro plant to Enel in 188 mln euro deal
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...
