State-run NTPC has invited bids for procurement of biomass pellets for its various thermal plants on domestic competitive basis (DCB) as part of its endeavour to reduce burning of crop residue on farmlands that cause...
Siemens sees market value of energy spin-off above $20 billion: source
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said. The...
KKR’s India InvIT in talks to acquire FRV Solar assets
India Grid Trust (IndiGrid), the KKR-owned first Infrastructure Investment Trust (InvIT) in the Indian power sector, is in advanced discussions to acquire India portfolio of Fotowatio Renewable Ventures (FRV), the...
Agder, Glitre eye merger to form Norway’s third largest hydropower firm
Norwegian municipal energy groups Agder Energi and Glitre Energi are exploring a tie-up that would form the country’s third-largest hydroelectric power producer and the number two grid operator, the firms said on...
Adani Green to tie up with 10 foreign banks for $1.8 billion funding
Adani Green Energy Ltd (AGEL) is looking to tie up with close to a dozen foreign banks to avail greenfield funding for its under-construction assets. The company will raise $1.8 billion for the under construction and...
NCLAT upholds NCLT order to initiate insolvency against Meenakshi Energy
The National Company Law Appellate Tribunal (NCLAT) on Thursday upheld the orders of the NCLT directing to initiate insolvency proceedings against Meenakshi Energy Ltd. A three-member bench has dismissed the plea filed...
Siemens Energy to close sites after spin-off: source
Siemens Energy, the power division being spun off from parent Siemens next month, plans to close plants in an effort to raise margins, a person close to the company said. “Production sites will be shut down,” the person...
Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan
Suzlon Energy’s board on Monday approved the proposal to issue non-convertible debentures worth Rs 4,453.01 crore under its debt restructuring plan. However, the company’s board of directors have deferred...
Brazil’s Omega Geração buys stake in EDF Renewables wind farms
Renewable energy company Omega Geração SA announced a binding agreement on Sunday to acquire a 50% stake in wind farms owned by France’s EDF Renewables in the Brazilian state of Bahia. The assets in the Ventos da Bahia...
Covid-19 Impact: JSW Energy terminates Rs 5,321 cr deal to acquire GMR Kamalanga Energy
JSW Energy has terminated plans to acquire GMR Kamalanga Energy five months after announcing the deal, citing uncertainties in the wake of the Covid-19 pandemic and subsequent lockdown. The Sajjan Jindal-led utility had...
Centrica to sell North American energy business for $3.63 billion
Centrica Plc on Friday said it was selling its North American subsidiary Direct Energy for $3.63 billion to U.S. integrated power firm NRG Energy, clearing the way for the new head of the British Gas owner to focus on...
E.ON sells Innogy’s Czech retail business to Hungary’s MVM
German utilities giant E.ON will sell its entire end-customer electricity and gas business in the Czech Republic to Hungarian energy group MVM, E.ON said in a statement on Saturday. MVM joined a shortlist of Czech...
