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...
Energy
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...
Vistra to buy Dynegy in $1.7 billion Texas power producer deal
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...
