Infrastructure investment trust IndiaGrid said it has completed the acquisition of 300 MW solar project at an enterprise value of Rs 1,550 crore. With this asset addition, IndiGrid’s portfolio now consists of 19...
Eni considering Enilive unit listing or stake sale
Italian energy group Eni is considering either a Milan listing for its sustainable mobility unit Enilive or selling a minority share to a specialised fund ahead of a subsequent float, daily Corriere della Sera reported...
Tata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle...
ACME looks to sell 35% stake to raise Rs 3,000 crore
ACME Cleantech, the largest independent solar power producer in India, is set to sell about 35% stake in the holding company for about ₹3,000 crore, said multiple people aware of the development. The fundraise, a...
Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share
The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday. The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC...
Iberdrola’s Avangrid terminates $8.3 bln deal to buy PNM Resources
Iberdrola’s U.S. unit Avangrid Inc said it has terminated its planned $8.3 billion acquisition of rival PNM Resources because it could not get all the necessary regulatory approvals to close the deal by Dec. 31...
Bain Capital in talks to acquire majority stake in Vibrant Energy
Private equity investor Bain Capital has entered into talks with Macquarie Capital to acquire a majority stake in Vibrant Energy, which provides green power to commercial and industrial units, said sources aware of the...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
Sembcorp to acquire 428 MW wind assets in India, China
Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean...
Octopus Energy buys 12.5% stake in UK offshore wind farm
Britain’s Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday. Octopus bought the stake...
Brazil’s Eneva proposes merger with Vibra to create energy giant
Brazilian energy company Eneva has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia, the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra’s...
Actis, Edelweiss, Petronas eye Finnish company Fortum JV’s solar assets
Infrastructure investors Actis and Edelweiss and Malaysian state oil company Petronas are in talks to acquire a portfolio of 185 megawatts (MW) of solar assets in India owned by Finnish utility Fortum and co-investors...
