French energy firm Engie SA, one of the largest foreign investors in India’s solar space, plans to sell a stake in its Solairedirect unit that has been actively bidding for projects here, said two people aware of the...
Energy
Cenovus seeks partner for C$1.3 billion Narrows Lake project: sources
Cenovus Energy Inc (CVE.TO) is seeking a partner to fund C$1.3 billion ($993.1 million) in costs to build the supporting infrastructure at its Narrows Lake oil sands project in Alberta, two people familiar with the...
EON to acquire RWE’s Innogy, upending German energy industry
EON SE agreed to acquire Innogy SE from German rival RWE AG, transforming the energy industry as Europe’s largest economy continues its switch to renewable power. In a complex deal involving shares and asset swaps, EON...
JSW Energy acquires JSW Electric Vehicles
Sajjan Jindal-led JSW EnergyBSE 1.13 % today acquired JSW Electric Vehicles Private Ltd. The JSW Electric Vehicles is part of diversification strategy of JSW Energy LtdBSE 1.13 % to foray into electric vehicles, energy...
Govt nod to RIL, BP acquiring Niko’s stake in gas block in Bay of Bengal
The government has approved Reliance Industries and British energy giant BP plc acquiring their cash-strapped partner Niko Resources’ 10 percent stake in gas discovery block NEC-25 in the Bay of Bengal...
ReNew, Greenko, hero eye india assets of exiting skypower
At least three Indian developers are eyeing the assets of Canadian renewable energy company SkyPower Global, which plans to exit India after a troubled run in the country. Hero Future EnergiesBSE -4.38 %, ReNew Power...
Hero Future emerges front-runner in race for Orange Renewable
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...
