International Finance Corporation (IFC) is planning to invest $15 million in Clean Max Equity. The fund infusion will support company’s plan to set up solar projects of up to 250 MW capacity over the next three...
Jera picks up 10% in ReNew Power for $200m
Japanese energy supply chain firm Jera Co has picked up a 10% strategic stake in ReNew Power for $200 million, or aboutRs 1,340 crore, valuing the Gurgaon-based solar and wind energy company at $2 billion. “As a ReNew...
Australia’s Endeavour Energy attracts at least three indicative offers – sources
Australian state-owned power grid Endeavour Energy has attracted indicative offers from at least three bidding groups comprised of local and foreign investors, according to sources involved in the process. The offers...
Suzlon Energy set to sell stake in 130 mw projects
Suzlon EnergyBSE 6.69 % has divested 49% stake in solar power projects totalling 210 mw and is in advanced talks to sell stake in another 130 mw projects in a deal that the company aims to close before March, said Kirti...
Statoil, Total SA, Shell eye strategic stake in Amplus Energy
Norway’s Statoil ASA, France’s Total SA and Royal Dutch Shell Plc have shown interest in investing in solar power producer Amplus Energy Solutions Pvt. Ltd, according to two people familiar with the development. “Amplus...
CCI clears Reliance Infra-Adani transmission deal
The Competition Commission has approved the acquisition of power transmission business of Anil Ambani-led Reliance Infrastructure by Adani group firm Adani Transmission. As per the deal, R-Infra will sell its Western...
Parsley Energy to buy Permian Basin assets for about $2.8 billion
Parsley Energy Inc (PE.N) said on Tuesday it would buy certain assets in the oil-rich Permian Basin for about $2.8 billion from Double Eagle Energy Permian LLC, its second deal in the largest U.S. oil patch in less than...
EU regulators to decide on Siemens, Gamesa deal by March 13
German engineering company Siemens (SIEGn.DE) is hoping to win early EU antitrust approval for its plan to create the world’s biggest wind turbine maker with Spain’s Gamesa (GAM.MC), people familiar with the...
Israel’s Delek expands in North Sea with Ithaca Energy deal
Israel’s Delek Group has agreed to buy Ithaca Energy Inc in a deal valuing the North Sea oil producer’s equity at $646 million and building on Delek’s expansion in the North Sea ahead of a planned...
IDFC Alternatives looks to exit Mytrah Energy
IDFC Alternatives, the asset management arm of IDFC Ltd, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India Pvt. Ltd, ahead of the company’s proposed initial public offering...
Tata Power to acquire Nelco’s biz vertical
Tata PowerBSE 0.56 % today said it has entered into a binding understanding with group firm Nelco’s defence business of Unattended Ground Sensors (UGS) and completed the formalities for the purchase. “With...
After SunEdison, Greenko set to buy TAQA’s hydel unit
Greenko Energy is set to acquire an Indian hydropower unit from Abu Dhabi’s TAQA for Rs 650 crore, the second instance in four months where the Hyderabad-based renewables company is buying out a distressed local asset...
