The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday. The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC...
Iberdrola’s Avangrid terminates $8.3 bln deal to buy PNM Resources
Iberdrola’s U.S. unit Avangrid Inc said it has terminated its planned $8.3 billion acquisition of rival PNM Resources because it could not get all the necessary regulatory approvals to close the deal by Dec. 31...
Bain Capital in talks to acquire majority stake in Vibrant Energy
Private equity investor Bain Capital has entered into talks with Macquarie Capital to acquire a majority stake in Vibrant Energy, which provides green power to commercial and industrial units, said sources aware of the...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
Sembcorp to acquire 428 MW wind assets in India, China
Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean...
Octopus Energy buys 12.5% stake in UK offshore wind farm
Britain’s Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday. Octopus bought the stake...
Brazil’s Eneva proposes merger with Vibra to create energy giant
Brazilian energy company Eneva has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia, the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra’s...
Actis, Edelweiss, Petronas eye Finnish company Fortum JV’s solar assets
Infrastructure investors Actis and Edelweiss and Malaysian state oil company Petronas are in talks to acquire a portfolio of 185 megawatts (MW) of solar assets in India owned by Finnish utility Fortum and co-investors...
Siemens AG to acquire 18% stake in Siemens India for €2.1 billion
German multinational technology conglomerate Siemens AG intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy, for a purchase price of 2.1...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
AustralianSuper rejects Brookfield’s ‘best and final’ $10.5 bln bid for Origin Energy
Pension fund AustralianSuper said it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53...
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 cr
Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd’s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel...
