ReNew Power is in talks to sell wind and solar assets to GAIL for Rs 3,000 crore, according to people aware of the matter. Both sides have engaged advisers to take the discussions forward. The green energy supplier has...
Greenko-Orix acquisition deal gets CCI nod
The Competition Commission of India (CCI) approved Greenko’s acquisition of the Orix Corporation’s wind power generation business in India along with Orix acquiring a stake in Greenko Energy Holdings. In September...
OVL acquires Australia’s FAR Ltd stake in Senegal block for $45 mn
ONGC Videsh has agreed to acquire participating interest in a Senegal offshore oilfield for $45 million. ONGC Videsh, the overseas arm of the state-run ONGC, has signed a definitive binding agreement with FAR Senegal...
Elliott calls on Evergy to reengage with NextEra Energy after bid report
Activist investor Elliott Management Corp on Tuesday asked Evergy Inc to immediately restart deal talks with NextEra Energy Inc, after Reuters reported that the U.S. power utility had turned down a roughly $15 billion...
India’s largest power producer NTPC ties up with Japan Bank for Rs 3,500 crore loan
India’s largest power producer NTPC on Tuesday entered into foreign currency loan agreement with Japanese government’s financial institution for about Rs 3,582 crore. The loan proceeds will be utilised by NTPC Ltd for...
Iberdrola, PNM to create $20 billion U.S. clean powerhouse
Spain’s Iberdrola announced a deal worth $8.3 billion including debt on Wednesday, adding PNM Resources to its Avangrid business to create the third-largest U.S. renewable energy operator. Absorbing PNM into...
True North eyes bio-ethanol investment, acquires Synata Bio in India
Banking on the government’s target for the government’s plan to increase ethanol blending with petrol to reduce carbon emissions and reducing the dependence on oil imports, US-based venture capital firm True North...
Adani Green transfers newly acquired Essel solar assets to TOTAL JV
Adani Green Energy in an announcement on Thursday said it has transferred its newly acquired Essel Group’s 205 megawatt (MW) solar assets to its TOTAL joint venture. The JV company has completed this transfer of the...
CCI clears acquisition of solar energy assets by Adani Green-Total Solar JV
Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar. Adani Green Energy Twenty Three Ltd — a joint venture of Total...
Hero Future in talks to sell power purchase agreements, taps investors
Hero Future Energies, the Munjal family-promoted green energy producer, plans to sell 900 MW of its power purchase agreements (PPAs) and has started talks with investors such as KKR, Actis, Temasek-backed O2 Power and...
NextEra Energy CEO rules out hostile M&A after offer to Duke Energy
NextEra Energy Inc Chief Executive James Robo said on Wednesday that the largest U.S. power utility would not embark on a hostile takeover, a day after reports surfaced it had made an approach to Duke Energy Corp in...
Siemens’ $18 billion energy spin-off falls in Frankfurt debut
Shares in Siemens Energy opened lower than expected on their first day of trading on the Frankfurt stock exchange, as Germany’s biggest-ever spin-off gears up for a challenging future independent from parent...
