Siemens is buying Iberdrola’s stake in Siemens Gamesa renewable energy, the German engineering company said, as it prepares to merge the business with its own energy unit ahead of a floatation later this year. Siemens...
Spanish renewables company Elawan explores sale – sources
Spanish industrial holding ACEK is putting its wind power company Elawan Energy up for sale in a potential $2 billion deal as it seeks to cash in on high sector valuations, people close to the matter said. ACEK, which...
Power companies feel divestment may increase cost of borrowings
NTPC Ltd, Power Grid Corporation of India (PGCIL) and Power Finance Corporation (PFC) have conveyed their concerns on the government’s proposal to reduce stake to below 51%. The companies have told the ministry of power...
PFC NPAs to reduce with resolution of 4 stressed plants: CMD
State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected by the end of this financial year, its chairman and managing...
NTPC Board okays acquisition of govt stake in NEEPCO, THDC
State-owned power giant NTPC on Monday said its board has given in-principal approval to acquire government’s 100 per cent stake in North Eastern Electric Power Corporation Ltd(NEEPCO) and 74.5 per cent stake in...
NTPC may not conclude THDCIL, NEEPCO acquisition deal this fiscal: Source
State-run power giant NTPC is unlikely to conclude its about ₹10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. The...
Italy’s F2i and Spain’s Asterion agree to buy Sorgenia
Italian infrastructure fund F2i and Spain’s Asterion have reached an agreement to buy Italian energy group Sorgenia, the company said on Monday. The preliminary agreement to buy the company will be signed by January...
MET Energy Holding plans billion-euro M&A deals in Europe: CEO
Swiss-based MET Energy plans to expand rapidly in Europe over the next three years via acquisitions worth at least 1 billion euros ($1.10 billion) once a deal with Singapore conglomerate Keppel Corporation is finalised...
SoftBank sister firm to invest $4 bn in Gujarat’s renewable energy sector
SB Energy, a sister company of Soft Bank of Japan, has announced that it will invest USD 4 billion or Rs 30,000 crore in renewable energy sector in Gujarat, a state government release said on Friday. The announcement...
Carbon markets pioneer Moura Costa buys back EcoSecurities from Mercuria
Pedro Moura Costa, a pioneer of carbon markets in the 1990s, and partner Pablo Fernandez are buying back from Swiss trader Mercuria Energy Group Ltd the low-carbon projects’ developer and carbon credit generator...
A2A,EPH to present ‘serious’ bid for Sorgenia by December 15 deadline
Italy’s A2A and Czech utility EPH will submit a binding offer for energy company Sorgenia by the deadline of Dec. 15, A2A’s chief executive said on Tuesday. “The next stage is Dec. 15, we should be at a decisive moment...
Mahindra in final lap to sell solar portfolio
Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, said two people aware of the development, requesting...
