Reliance Industries, through its unit Reliance New Energy Solar Ltd (RNESL), has invested in German “green solar wafers” technology company NexWafe GmbH (NexWafe), and signed a pact with Danish company Stiesdal A/S for...
Energy
Mukesh Ambani buys two green firms in a day, brings REC Group and Pallonji’s Sterling into Reliance fold
After announcing the $771 million acquisition of REC Solar from ChemChina, Reliance Industries is also buying Sterling and Wilson Solar from its promoters, making a big splash towards its renewable energy foray, the...
New Zealand’s Z Energy recommends shareholder vote for Ampol takeover bid
New Zealand fuel supplier Z Energy said on Monday that it recommended its shareholders to vote in favor of Ampol Ltd’s NZ$1.97 billion takeover bid. “Board has been focussed on the best interest of Z shareholders and...
Eneos to buy Japan Renewable Energy for $1.8 billion -Nikkei
Eneos Holdings Inc, Japan’s biggest refiner, plans to buy Japan Renewable Energy for about 200 billion yen ($1.8 billion) from Goldman Sachs and Singaporean sovereign wealth fund GIC, the Nikkei business daily reported...
TotalEnergies seeks to sell stake in giant North Sea gas field
France’s TotalEnergies is seeking to sell a third of its 60% stake in the Laggan Tormore gas field in the British North Sea, which is expected to raise around $300 million, six industry and banking sources said...
AGEL arm acquires 40 MW solar asset in Odisha
Adani Renewable Energy (MH) has acquired a 40 MW operating solar project in Odisha. “Adani Renewable Energy (MH) Energy Limited, a wholly-owned subsidiary of NSE 0.24 % Limited, has completed the acquisition of...
Russia’s Sibur, TAIF embark on completion of merger, eye IPO
Russia’s Sibur and TAIF on Friday entered the final stages of merging their petrochemical businesses as they gear up for an eventual initial public offering (IPO) of the combined entity. Dmitry Konov, head of Sibur...
Renewable gas producer Archaea surges in debut after SPAC deal
Shares of Archaea Energy jumped as much as 9.2% on the largest U.S. renewable natural gas producer’s debut on the New York Stock Exchange on Thursday, a sign of rising investor support for alternative, cleaner sources...
Promoters plan Sterling & Wilson solar stake sale
Shapoorji Pallonji-backed Sterling and Wilson Solar is said to be in sale talks with bulge-bracket private equity funds including Canadian funds such as Brookfield and CPPIB as well as Indian conglomerates such as Adani...
Enbridge buys N. America’s biggest oil export hub in $3-bln Moda deal
Canadian pipeline operator Enbridge Inc said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, acquiring an export terminal in Texas that loaded more than a quarter of all U...
No takers for Videocon’s energy biz; September 30 new deadline for resolution
A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group’s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors...
Lenders fail to receive bids for Videocon group’s energy business
Lenders to Videocon group’s energy business have extended the deadline for submitting the resolution plan till 30 September after it failed to receive any bids from potential applicants, according to two bankers aware...
