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...
Energy
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...
First Solar may sell about 200MW of assets in India
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...
