Russia’s Inter RAO could boost its profits by buying Russian fossil fuel assets from Germany’s Uniper and Finland’s Fortum, a shareholder in the Moscow-listed company said on Friday. The remarks come a week after Uniper...
HitecVision announces exclusive talks to buy Exxon’s UK assets
Private equity fund HitecVision and its British unit Neo have entered exclusive negotiations to buy Exxon’s upstream assets in the central and northern North Sea, Hitec said on Thursday. Bids for ExxonMobil’s British...
CVR Energy says not interested in buying Delek, proposes to replace board nominees
U.S. refiner CVR Energy Inc, majority-owned by billionaire-investor Carl Icahn, said on Thursday it was not interested in buying peer Delek US Holdings Inc and proposed to replace three Delek board nominees with its own...
Orix to Buy Spanish Energy Firm Elawan for About $965 Million
Orix Corp. agreed to buy Spain’s Elawan Energy, the Japanese financial conglomerate’s first deal to acquire a majority stake in an overseas renewable power company. Tokyo-based Orix is purchasing an 80% stake from...
Tokyo Gas to invest $193 million in UK retail energy firm Octopus Energy
Tokyo Gas said on Wednesday it would invest about 20 billion yen ($193 million) in British retail energy firm Octopus Energy and that they would form a joint venture in Japan to supply power to retail customers. By...
Siemens Energy has no plans to sell Siemens Gamesa -Handelsblatt
Siemens Energy has no plans to sell all or parts of Siemens Gamesa, CEO Christian Bruch told German business newspaper Handelsblatt, following earlier reports it had received approaches for the wind turbine business...
National Investment and Infra Fund emerges top bidder for Mahindra Susten’s solar assets
The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned by the Mahindra group, outbidding global...
RWE sells stake in Texan wind farms for $600 million
RWE, Europe’s third-largest renewables company, on Monday said it agreed to sell onshore wind assets in Texas with an enterprise value of $600 million to Algonquin Power & Utilities Corp. The sale of a 51% stake in...
Sempra says Total takes stake in major Mexican LNG project
French oil major Total has acquired a 16.6% stake in a liquefied natural gas (LNG) project in northern Mexico undertaken by U.S. firm Sempra Energy and its local unit Infraestructura Energetica Nova (IEnova), Sempra...
Mytrah looks to appoint Barclays for selling stake
Green energy producer Mytrah Energy India Pvt. Ltd is looking to appoint Barclays Bank to sell a majority stake after a $750-million deal with private equity firm KKR fell through, two people aware of the development...
U.S. energy storage firm Stem nears $1.35 billion deal to go public: sources
U.S. artificial intelligence-driven energy storage company Stem Inc is nearing a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition Corp at a valuation of around $1.35...
Sempra to buy remaining stake in Mexican unit in $6.13 billion deal
Sempra Energy said on Wednesday it would buy the remaining stake in a Mexican unit in a deal valued at $6.13 billion as it eyes new investments in renewables and energy storage amid growing global demand for cleaner...
