Vistra Energy Corp (VST.N) said on Monday it would buy Dynegy Inc (DYN.N) in an all-stock deal worth $1.74 billion, combining two Texas-based power producers in the latest merger in an industry dealing with shrinking...
Shapoorji Pallonji Group in stake sale talks for solar portfolio
The consolidation exercise continues in India’s green energy space with diversified conglomerate Shapoorji Pallonji Group in stake sale talks for its solar power project portfolio. The privately-held SP Group, which had...
GIP to buy global portfolio of Equis Energy for $5 bn
Singapore-based renewable energy company Equis Energy, which has close to 900 Mw of assets in India, would sell its entire portfolio of 11,135 Mw to Global Infrastructure Partners (GIP), a leading infrastructure...
Energy firms look to expand LPG business
Thanks to increased demand, liquefied petroleum gas (LPG) or cooking gas has become the favourite of all energy companies in India, including international players. Total India, Saudi Aramco, Reliance Industries Ltd...
Finland’s Fortum hires Barclays to sell stake in Indian solar assets
Finland’s state-controlled power utility Fortum OYJ has hired Barclays Bank to sell a stake in its operational solar power projects in India, said two people aware of the development. The move by one of the largest...
France’s Engie to look closely at Brazil Eletrobras assets
French energy conglomerate Engie SA (ENGIE.PA) has appetite for more Brazil acquisitions and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion in a licensing auction last week, Engie’s...
Italy’s Enel eyes purchase of more Brazil assets after dam deal
Italy’s Enel SpA is looking for opportunities to expand in Brazil’s power sector through acquisitions after winning a license last week to operate a large hydropower dam, the head of local operations told Reuters. The...
Sembcorp Industries planning IPO of its India business
Singapore-based power producer Sembcorp Industries Ltd is preparing to list its Indian unit, according to two people aware of the plan. “It can be either listed here in India or elsewhere,” said one of the people...
Canadian Solar said to explore sale of Indian power assets
Canadian Solar Inc., a maker of solar panels, is exploring the sale of its Indian solar power assets, worth around 108 megawatts (MW), two people aware of the development said. “Canadian Solar is a panel maker and the...
Greenko makes $2.1-billion bid for Reliance-Infrastructure’s Mumbai Power business
Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure’s flagship Mumbai electricity business for an enterprise value of Rs...
Engie and Abraaj JV eyeing $1 billion wind power investment in India
A joint venture (JV) of French energy firm Engie SA and Dubai-based private equity firm Abraaj Group may invest around $1 billion to build a 1,000 megawatt (MW) wind power platform in India. The strategy ahead for the...
After Sembcorp, IDFC Alternatives announces exit from Mytrah Energy
India Infrastructure Fund (IIF), a fund managed by IDFC Alternatives Ltd, has successfully exited its investment in Mytrah Energy (India) Pvt Ltd (MEIPL). This is the second announcement of an exit...
