Thailand’s energy regulator has blocked PTT Pcl’s (PTT.BK) bid to acquire power firm Glow Energy (GLOW.BK) from France’s Engie (ENGIE.PA) for up to $4 billion, in what would have been the country’s largest investment...
Energy
Sajjan Jindal keen to buy out stressed hydroelectric plants
Sajjan Jindal’s JSW Energy plans to expand its portfolio in the hydroelectric power space by buying projects that are stymied by the lack of quality and large-scale projects of this kind that are up for sale. At a...
After Orange, Greenko plans to buy Skeiron in Rs 3,500 crore deal
The Greenko group, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, is in talks with Skeiron Renewable Energy to acquire 385 megawatt (MW) of wind projects at an enterprise value...
Orange Renewable a done deal, Greenko in final talks to acquire Tanti Co
Greenko Group is acquiring Orange Renewable from Singapore’s AT Capital Group for an enterprise value of $850 million, ending weeks of intermittent negotiations. Hyderabad-headquartered Greenko is also in final...
Husky Energy formally offers to acquire rival MEG Energy
Canadian oil and gas producer Husky Energy Inc (HSE.TO) said on Tuesday it had formally offered to acquire all the outstanding common shares of MEG Energy Corp (MEG.TO). Each MEG shareholder will have the option to...
Edelweiss arm eyes Rising Sun’s 140MW solar assets
An investment arm of financial services company Edelweiss is closely evaluating buying out 140 megawatts (MW) of solar power assets at the Bhadla solar park in Rajasthan, two people aware of the development said. The...
Uniper hires Rothschild to explore sale of French unit – source
German energy group Uniper has mandated investment bank Rothschild to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power...
Google buys into new Finnish wind energy in renewables search
Google (GOOGL.O) said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers. Big companies have rushed to secure...
Delta Air Lines seeks buyers for a stake in its refining subsidiary
Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business. The Atlanta-based airline...
South African watchdog approves Glencore’s bid for Chevron assets
South Africa’s competition watchdog approved Glencore’s (GLEN.L) roughly $900 million bid for Chevron’s (CVX.N) local and Botswana assets on Thursday, bolstering its chances of scuppering a rival bid from China’s...
PTC India looking to exit wind power business
The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this, said two people aware of the development. This comes...
Saudi PIF ‘may only play a minor part’ in Musk’s $72-bn Tesla buyout plan
Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. The fund is estimated to have over $250 billion in assets...
