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...
Energy
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...
ReNew Power in talks to sell wind, solar assets to GAIL
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...
