American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of...
Solar module maker Waaree Energies looks to raise $100 million
Waaree Energies Ltd, one of India’s largest solar module manufacturers, has appointed consulting firm EY to raise around $100 million. The fundraising effort comes in the backdrop of falling solar power tariffs because...
Brazil’s Cemig seeks partner, IPO for two main units
Cia Energética de Minas Gerais SA plans to sell a majority stake in two units and list them in São Paulo and New York in coming months, a move that could help Brazil’s No. 3 power utility reduce debt and curb...
EESL to raise Rs5,000 crore to fund expansion
State-owned Energy Efficiency Services Ltd (EESL) is set to raise Rs5,000 crore from its promoters Rural Electrification Corp., Power Finance Corp. and NTPC Ltd as well as through loans from domestic and overseas...
Total Energy Services buys 150,000 Savanna Energy shares
Total Energy Services Inc * Total Energy Services Inc. Announces acquisition of shares of Savanna Energy Services Corp. On the tsx * Total Energy Services Inc. Announces acquisition of shares of Savanna Energy Services...
I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
In a relief for Cairn Energy, the tax department in India has agreed to lift the freeze on the British oil explorer being paid dividends by its erstwhile subsidiary, Cairn India. However, the company will still not be...
WEL completes Rs 286 crore stake sale in Welspun Energy
Welspun Enterprises LtdBSE -4.37 % (WEL) today said it has completed the sale of its 15.4 percent stake in Welspun Energy for around Rs 286 crore. This deal is another step in the company’s business re...
Renewable energy firm Bhoruka Power in talks to raise $120 million
Hydro and wind power producer Bhoruka Power Corp. Ltd is looking to raise about $120 million in equity investment and use the money to increase renewable energy capacity to 1 gigawatt (GW) by 2020, said managing...
JP Morgan-backed Leap Green set to buy Inox Windfarms
Leap Green Energy, a clean energy company promoted by India’s first Formula One driver Narain Karthikeyan, has bought all wind farms owned by InoxBSE -4.52 % Renewables for an undisclosed amount. Two people directly...
LNJ Bhilwara Group appoints Yes Bank for wind energy portfolio sale
In an indication of growing consolidation in the Indian wind energy sector, Ravi Jhunjhunwala’s LNJ Bhilwara Group has put up its wind energy portfolio for sale and hired Yes Bank Ltd to run the process. According to...
JSW Energy’s buyout plans for Bina power plant stuck
JSW Energy Ltd’s plan to buy the 500 mega-watts (MW) Bina thermal power plant from Jaiprakash Power Ventures Ltd may come unstuck as the latter’s lenders have invoked strategic debt restructuring (SDR), according to two...
FTC approves Enbridge deal to buy Spectra with conditions
Canada’s Enbridge Inc (ENB.TO) and Spectra Energy Corp (SE.N) have won U.S. antitrust approval for a $28 billion merger that will create the largest North American energy infrastructure company. The Federal Trade...
