Enbridge Inc, North America’s largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp...
Australian-led group pays $5.6 billion for NSW energy grid, foreigners in back seat
The Australian state of New South Wales on Thursday said it has sold power grid Endeavour Energy to a consortium led by Macquarie Group Ltd (MQG.AX) for A$7.62 billion ($5.61 billion), relegating foreign bidders to a...
Vopak and AltaGas to jointly invest in Canada’s propane export terminal
The Dutch tank storage company Royal Vopak has entered into a joint venture with AltaGas Ltd, the Canada-based diversified energy infrastructure company with a focus on natural gas, power, and regulated utilities, for...
Merger of Orient and IL&FS wind power businesses hits tax hurdle
The merger of Orient Green Power Co. Ltd’s (OGPL) wind power business with IL&FS Wind Energy may come unstuck because of a new provision that mandates payment of long-term capital gains tax on share sales where...
Japan’s ORIX to buy 22 percent of Israel geothermal energy firm Ormat
Japan’s ORIX Corp (8591.T) will buy a 22.1 percent stake in Israeli geothermal energy producer Ormat Technologies Inc (ORA.N) for $627 million from a group led by the FIMI private equity fund, the companies said...
BSES Rajdhani to buy 100 MW wind power from Power Trading Corp
BSES Rajdhani Power Ltd (BRPL), a joint venture power distribution company of Reliance Infrastructure Ltd. and the government of Delhi, on Thursday, signed a deal to purchase 100 megawatt (MW) of wind power from state...
Two consortiums lodge final bids for Australia’s Endeavour Energy: sources
Australian state-owned power grid Endeavour Energy has attracted final bids from two consortiums comprised of local and foreign investors, and a decision on the expected A$4 billion ($2.99 billion) deal could come...
Green Investment Bank may invest in Lightsource India
In a sign of growing overseas investor interest in the Indian clean energy space, UK Green Investment Bank Plc. (GIB) plans to become an anchor investor in the Indian operations of UK-based Lightsource Renewable Energy...
Foreign investors giving M&A deals in India’s renewable energy sector a miss
Foreign strategic investors have largely stayed away from the flurry of deal-making in India’s renewable energy sector, preferring instead to build from the ground up. Out of the $2.32 billion worth of mergers and...
Pipeline operator NuStar to buy Navigator Energy for $1.48 billion
U.S. pipeline operator NuStar Energy LP (NS.N) said on Tuesday it would buy privately held Navigator Energy Services LLC for about $1.48 billion, as it seeks to expand into the Permian basin. Navigator Energy owns and...
Vedanta, Cairn India finish merger to form $15.6-bn market cap entity
Consolidating Vedanta’s position as one of the world’s largest diversified natural resources companies, Vedanta and Cairn India have completed their merger process on Tuesday. The merged entity will have a market...
US-based Evergreen Power in talks to raise $100 mn for India
US-based Evergreen Power is in talks with investors, including private equity, infrastructure funds, and strategic investors, to raise up to $100 million in equity to ramp up its wind energy projects in India, its top...
