Siemens Ltd on Tuesday said it will demerge and list its energy business, on the lines of a global carve-out by its German parent three years ago. The new company will mirror the shareholding of Siemens Ltd, and...
Energy producers Santos, Repsol explore sale of stakes in Alaska oilfields, sources say
Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the...
Niagara Energy completes $1.36 billion takeover of Enel Peru unit
Niagara Energy has wrapped up a $1.36 billion share purchase in Enel Generacion Peru, giving the firm majority control over the local subsidiary of Italian utility Enel. Niagara, controlled by investment firm Actis...
Macquarie Asset Management to sell stake in UK offshore wind farm
Macquarie Asset Management, part of Macquarie Group, has agreed to sell a 10% stake in Britain’s East Anglia ONE offshore wind farm to renewable energy asset manager NTR. East Anglia ONE is a 714 megawatt wind...
Macquarie drops plan to sell India clean energy company Vibrant
Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio...
EDF plans partial sale of India clean energy assets
French energy company Electricite de France SA (EDF) plans to partially divest its clean energy assets in India as part of efforts to pare its debt of more than $50 billion, said multiple people aware of the development...
PTC India gets shareholders’ nod to divest 100% stake in energy arm
Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As...
JSW Energy arm inks pact to acquire Reliance Power’s wind project for Rs 132 cr
JSW Energy said that its step-down subsidiary, JSW Renewable Energy (Coated) has signed a business transfer agreement with Reliance Power to acquire a 45 MW wind project in Maharashtra for Rs 132 crore. In an exchange...
INOXGFL Group plans to sell majority stake in C&I business; mandates EY for sale process
INOXGFL Group has hired EY for a planned majority stake sale in its commercial and industrial (C&I) business, two people aware of the development said, a transaction with a potential equity value of around $200...
Niagara Energy launches takeover bid for Enel’s Peru power unit
Niagara Energy is launching a bid to buy up to the entirety of shares in Enel Generacion Peru, a South American power generation subsidiary of Italian utility Enel, the Lima stock exchange said in a statement on...
Masdar, Gentari, others eye majority stake in Ayana Renewable Power
About half a dozen investors, including Abu Dhabi’s Masdar Clean Energy, Petronas-owned Gentari, Singapore’s Sembcorp, PSP Investments and Brookfield, are vying to acquire Ayana Renewable Power, a clean...
BluPine Energy acquires 369 MW solar assets from Acme Group
Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand...
