The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players including France’s Engie and Austria’s Verbund has fizzled out, sources close to the matter...
UGI to buy rest of AmeriGas Partners in $2.44 billion deal
Energy distributor UGI Corp said on Tuesday it would buy the remaining nearly 75 percent it does not own in retail propane marketer AmeriGas Partners LP in a cash-and-stock deal valued at $2.44 billion. Pennsylvania...
India seeks bids for $5 billion in transmission lines to fuel renewables growth
India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the country’s grid by 2022, the secretary at the...
SSE to sell stake in Stronelairg, Dunmaglass wind farms in Scotland
British energy supplier SSE has agreed to sell nearly half of its stake in the Stronelairg and Dunmaglass wind farms in Scotland to renewables fund Greencoat UK Wind and a UK pension fund for 635 million pounds ($832.17...
Essel Group to sell solar business to Actis
Essel Infraprojects is in the final stages of discussions to sell its solar energy portfolio to private equity investor Actis, according to sources. The sale of the portfolio, totaling 685 mw of installed and under...
Blackstone to take controlling stake in Tallgrass Energy for $3.3 billion
U.S. private equity firm Blackstone Group LP said on Thursday it would buy a controlling stake in midstream energy company Tallgrass Energy LP for $3.3 billion. Under the deal, Blackstone will acquire a 44 percent stake...
Energy group Orsted says government no longer supports power business divestment
Danish energy company Orsted (ORSTED.CO), 50.1 percent owned by the state, said on Sunday that the Finance Ministry had told it there was no longer political support for continuing divestment of its power distribution...
Macquarie interested in buying renewable energy assets of crisis-hit IL&FS
Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing...
Nayara Energy takes RBI, ED to court over Fema
Nayara Energy, earlier known as Essar Oil Ltd, has moved the Bombay high court seeking a stay on a Reserve Bank of India (RBI) order fining it for alleged violation of foreign exchange regulations and an investigation...
Pandion Energy buys a stake in a Norwegian Sea license
Pandion Energy has acquired a 30 percent stake in production license 842 in the Norwegian Sea from Aker BP (AKERBP.OL), the Oslo-headquartered company said on Monday. Operator Capricorn has a 40 percent stake while...
Britain’s Ophir gets takeover interest from Indonesia’s Medco Energi
Britain’s Ophir Energy said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia’s Medco Energi Internasional Tbk PT (MEDC.JK). Ophir, an upstream oil and gas exploration and...
Shapoorji Pallonji hires ICICI Securities for IPO of solar biz
Shapoorji Pallonji Group has hired ICICI Securities Ltd to take its solar engineering, procurement and construction (EPC) business public, two people aware of the matter said. The solar EPC business is housed under the...
