Uniper signaled on Wednesday little prospect of a rapid breakthrough in talks with top investor Fortum that might lead to a full takeover of the German utility. Fortum and Uniper have been at loggerheads since the...
Energy
Lenders of VOVL appoint Deloitte to find buyers for its overseas assets
Lenders to Videocon group’s energy business have hired Deloitte India to find a buyer for its assets in Brazil, Indonesia and East Timor, two persons aware of the development said. The investment banking arm of Deloitte...
Total CEO says planned buy of Anadarko’s Africa assets ‘perfectly fitting’
French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said...
ExxonMobil, GAIL gear up for India green joint venture
ExxonMobil Corp., the world’s most valuable energy company, may shortly form a partnership with state-owned GAIL (India) Ltd to set up a green energy platform in India. The US oil major’s increasing focus on India is an...
UK Climate Investments invests ₹275 crore in CleanMax Solar
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment...
Canada’s Brookfield looks to acquire Mytrah Energy
Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake in Hyderabad-based Mytrah Energy as the alternative assets manager looks to make its first renewable investment of more than $1 billion in...
Field of prospective bidders for Dutch energy firm Eneco narrows: sources
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...
