French energy company Electricite de France SA (EDF) plans to partially divest its clean energy assets in India as part of efforts to pare its debt of more than $50 billion, said multiple people aware of the development...
PTC India gets shareholders’ nod to divest 100% stake in energy arm
Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As...
JSW Energy arm inks pact to acquire Reliance Power’s wind project for Rs 132 cr
JSW Energy said that its step-down subsidiary, JSW Renewable Energy (Coated) has signed a business transfer agreement with Reliance Power to acquire a 45 MW wind project in Maharashtra for Rs 132 crore. In an exchange...
INOXGFL Group plans to sell majority stake in C&I business; mandates EY for sale process
INOXGFL Group has hired EY for a planned majority stake sale in its commercial and industrial (C&I) business, two people aware of the development said, a transaction with a potential equity value of around $200...
Niagara Energy launches takeover bid for Enel’s Peru power unit
Niagara Energy is launching a bid to buy up to the entirety of shares in Enel Generacion Peru, a South American power generation subsidiary of Italian utility Enel, the Lima stock exchange said in a statement on...
Masdar, Gentari, others eye majority stake in Ayana Renewable Power
About half a dozen investors, including Abu Dhabi’s Masdar Clean Energy, Petronas-owned Gentari, Singapore’s Sembcorp, PSP Investments and Brookfield, are vying to acquire Ayana Renewable Power, a clean...
BluPine Energy acquires 369 MW solar assets from Acme Group
Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand...
IndiGrid acquires 300 MW solar power plant for Rs 1,550 cr
Infrastructure investment trust IndiaGrid said it has completed the acquisition of 300 MW solar project at an enterprise value of Rs 1,550 crore. With this asset addition, IndiGrid’s portfolio now consists of 19...
Eni considering Enilive unit listing or stake sale
Italian energy group Eni is considering either a Milan listing for its sustainable mobility unit Enilive or selling a minority share to a specialised fund ahead of a subsequent float, daily Corriere della Sera reported...
Tata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle...
ACME looks to sell 35% stake to raise Rs 3,000 crore
ACME Cleantech, the largest independent solar power producer in India, is set to sell about 35% stake in the holding company for about ₹3,000 crore, said multiple people aware of the development. The fundraise, a...
Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share
The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday. The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC...
