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...
Energy
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...
Solar energy company Sunrun to buy peer Vivint Solar for about $1.46 billion
U.S. residential solar installer Sunrun Inc said on Monday it will buy peer Vivint Solar for about $1.46 billion in an all-stock deal. Vivint Solar shareholders will receive 0.55 shares of Sunrun for each share held...
Australia’s Infigen backs revised Iberdrola takeover offer
Australian wind and solar firm Infigen Energy Ltd on Tuesday recommended an offer from Iberdrola to its shareholders, after the Spanish company waived most conditions from its A$856 million ($589 million) bid. Iberdrola...
Philippines firm bids $535 million for Australia’s Infigen Energy
Philippine conglomerate Ayala Corp has made a bid worth A$777 million ($535 million) to buy Infigen Energy, pouncing on the Australian renewables company at a time when wind and solar firms are battling falling power...
Eni appoints Citi to sell Australia gas assets: sources
Italian energy group Eni is working with investment bank Citi to sell natural gas assets in Australia that could fetch up to $1 billion, sources said. The sale, which is expected to be launched next week in a two-round...
Suzlon board okays proposals to restructure outstanding debt, bonds dues
Suzlon Energy on Saturday said its board has approved various proposals to facilitate debt and bond restructuring. Recently, the company got approval from lenders as well as bondholders to restructure outstanding debt...
Tallgrass shareholders approve Blackstone-led buyout of pipeline operator
Tallgrass Energy shareholders on Thursday backed a buyout by a Blackstone-led group that valued the U.S. oil pipeline operator at $6.3 billion, a rare case of a pre-market crash deal going ahead without a price cut...
