In what will rank among the top deals in India’s clean energy space, Munjal family-promoted Hero Future Energies Pvt. Ltd has emerged as the front-runner to acquire Orange Renewable from Singapore-based AT Capital Group...
JSW Energy cancels Rs 2,700 cr purchase of JPVL Bina plant over deal delay
Sajjan Jindal-led JSW Energy on Monday said its deal with Jaiprakash Power Ventures to acquire 500 MW Bina thermal power plant is terminated following the lapse of time for completion of the transaction yesterday...
Shell to buy British retail energy supplier First Utility
Royal Dutch Shell has agreed to buy British household energy and broadband provider First Utility, stepping up competition to the “Big Six” suppliers whose dominance of the market is already under pressure. Shell did...
India not to sell Cairn Energy shares to recover tax
The income tax department will not sell the attached shares of Cairn Energy to recover a Rs10,247 crore retrospective tax demand as it fears that replenishing them in case of an international arbitration going against...
IL&FS joins hands with Ecamion to explore energy storage business
Infrastructure Leasing and Financial Services (IL&FS) Ltd has tied up with Canadian clean technology company Ecamion Inc. to explore entering the energy storage business, with an eye on the electric vehicle...
Suzlon O&M arm looking to raise $250 million from minority stake sale
Suzlon Global Services Ltd, the operations and maintenance (O&M) subsidiary of Suzlon Energy Ltd, is looking to raise up to $250 million by divesting a large minority stake, two people aware of the plan said. Suzlon...
Canada’s Cenovus finishes main divesture plans with Weyburn sale
Canada’s Cenovus Energy Inc (CVE.TO) has reached a deal to sell its Weyburn oil facility for C$940 million ($738.53 million), the company said on Monday, completing its main divesture plans. Weyburn, to be sold to the...
Hero Future Energies, Greenko in race to acquire Orange Renewable
Greenko Group and Hero Future Energies Pvt. Ltd are in separate talks with Singapore-based AT Capital Group to acquire Orange Renewable’s portfolio of 758 megawatt (MW) capacity, several people aware of the development...
EESL, UK firm collaborate on new renewable energy pact
EPAL, a joint venture of state-run Energy Efficiency Services Limited (EESL) and UK-based EnergyPro Limited (EP) has partnered with Leclanché, a leading battery storage solution provider and will invest Rs 78 crores in...
Hiranandani energy arm H-Energy may sell up to 20% stake in LNG project
The Hiranandani group is planning to sell up to a 20% stake in its liquefied natural gas (LNG) project at Jaigarh in Maharashtra, two people aware of the matter said. H-Energy Pvt. Ltd, the energy arm of the real estate...
Actis explores sale of Ostro Energy to ReNew Power Ventures
Global private equity firm Actis LLP is exploring the sale of Ostro Energy Pvt. Ltd to ReNew Power Ventures Pvt. Ltd, in a transaction that may rank among India’s largest renewable energy deals, multiple people aware of...
Continuum Wind Energy in talks with Olympus Capital to raise Rs450 crore
Continuum Wind Energy, a renewable energy firm controlled by Morgan Stanley Infrastructure Partners, is in talks with private equity firm Olympus Capital Asia to raise structured credit financing of around Rs450 crore...
