Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad...
Energy
Brookfield eyes majority stake in Suzlon
Brookfield Asset Management Inc. is planning an offer for a majority stake in India’s debt-laden Suzlon Energy Ltd, according to people familiar with the matter. The Toronto-based investment firm is working with a...
Modi govt exploring opportunities for more mergers in energy: Dipam secy
The Narendra Modi government is exploring opportunities for further mergers and acquisitions (M&As) among state-owned companies this year, Dipam Secretary Atanu Chakraborty told Business Standard on Saturday. In...
Lightsource BP makes major Brazil solar acquisition
Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. The London-based firm, in which BP holds a 43% stake, said in a...
Energy distributor UGI to buy some assets of Columbia Midstream for $1.28 billion
Energy distributor UGI Corp (UGI.N) said on Tuesday it would buy some assets of Columbia Midstream Group from pipeline operator TC Energy Corp (TRP.TO) for about $1.28 billion to expand its midstream business. The...
Trafigura’s Puma Energy hires BAML for asset sale: sources
Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of its assets, sources familiar with the matter said, in an effort to trim...
Suzlon offers to sell majority stake to Brookfield for settling loans
Suzlon EnergyNSE 9.89 % has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to...
Spain’s Repsol cuts 30% of Canadian staff in global restructuring
Spanish energy company Repsol SA is cutting about 30% of its Canadian workforce as part of global restructuring, the company said in an emailed statement on Tuesday. Repsol joins a string of large international energy...
US-based GIP in talks to buy Engie’s Indian solar power business
American investor Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million, a person aware of the development...
Adani Green Energy promoters to sell stake worth ₹400 cr via OFS
Adani Group’s renewable energy company Adani Green Energy Ltd on Tuesday said its promoters led by Gautam Adani will sell a 5.98% stake in the company through an offer for sale (OFS). The stake sales are being planned...
Shell, Statkraft join race for Continuum
Global energy major Royal Dutch Shell and Norway’s state utility Statkraft have joined the race to buy Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy, two people aware of the...
France’s Voltalia in exclusive talks to buy Helexia
French renewables firm Voltalia is in exclusive talks to buy Helexia to expand in solar energy and energy efficiency services, Voltalia said on Thursday. As Helexia is owned by the Mulliez family via Creadev, which is...
