JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021. The proposed resolution...
Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 billion
Thailand based utility-Global Power Synergy Public Company (GPSC) has acquired 41.6% stake in India’s green energy company Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). GPSC’s subsidiary Global...
Saudi firm Alfanar acquires wind turbine maker Senvion India
Saudi Arabia-based Alfanar has completed 100 per cent acquisition of wind turbine maker Senvion India for an undisclosed sum. “Alfanar has today announced its entry into Indian energy sector through 100 per cent...
CCI approves Adani Green’s acquisition of entire stake in SB Energy
Fair trade regulator CCI on Wednesday approved the acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. In May, Adani Green Energy had said it has inked share purchase agreements with SoftBank...
Gazprom Export acquires Centrex gas trader from Gazprombank
Russia’s Gazprom Export has finalised its acquisition of trading group Centrex Europe Energy & Gas AG from Gazprombank, it said on Wednesday. It did not reveal the details of the deal. Russian President Vladimir...
Brazil’s Raizen to acquire Shell’s lubricant business in Brazil – filing
Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc and local group Cosan SA, has agreed to acquire Shell’s lubricant businesses in Brazil, including a blending plant and a terminal in the...
Mercuria-backed Tailwind buys BP stake in Shearwater UK oilfield
Tailwind, a private oil producer backed by commodity trader Mercuria, has agreed to buy BP’s 27.5% stake in the Shearwater oilfield in the British North Sea, it said on Monday. BP had previously agreed to sell the...
India’s Adani Green Energy to buy SB Energy Holdings in $3.5 billion deal
Adani Green Energy Limited (AGEL), the renewable arm of the conglomerate group formally announced its outright acquisition of SB Energy early on Wednesday morning in a deal worth $3.5 billion (Rs. 24,000 crore), the...
Giga Energy to go public in up to $7 billion SPAC deal
Transportation solutions provider Giga Energy Inc is going public through a merger with blank-check company Yunhong International in a deal valued at up to $7.35 billion, the companies said on Monday. Giga Energy said...
Adani Green circles around SB Energy for a buyout after CPPIB drops off
Days after its deal with CPPIB collapsed, shareholders of SB Energy have approached Adani Group with a proposal to buy them out from their struggling renewable energy venture, said multiple people involved. Talks...
Spain’s Repsol to invest in U.S. renewable energy developer Hecate – sources
Repsol SA has struck a deal to buy a stake in Hecate Energy to give the Spanish energy company a platform to expand in the growing U.S. renewable energy market, three people familiar with the matter said. The exact size...
Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs
Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida...
