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...
Energy
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...
NTPC invites bids for biomass pellet procurement for thermal plants
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...
