Tata Steel will acquire a 26% stake in TP Vardhaman Surya, a wholly-owned subsidiary of Tata Power Renewable Energy, as a part of its plan to reduce carbon emissions to nil by 2045. The steel-maker will also get into a...
Triton to buy Siemens Energy’s Trench, deal to close in 2024
Private equity firm Triton said on Thursday that it was acquiring Siemens Energy’s high-voltage component business Trench in a deal that is expected to close in the first half of 2024. The sale, confirmed in...
Energy exchange IEX to acquire 10% stake in Enviro Enablers India
Energy exchange IEX on Friday said it will acquire a 10 per cent stake in Enviro Enablers India Private Limited. The association will fulfil IEX’s commitment towards sustainability and decarbonisation in line with...
Suncor Energy to acquire TotalEnergies’ Canadian oil sands stake for C$1.47 bln
Suncor Energy said it would acquire French energy firm TotalEnergies’ Canadian operations for C$1.47 billion ($1.07 billion) to bolster its bitumen production capacity. Suncor will buy the 31.23% interest held by...
Canada’s Brookfield buys UK firm Banks Group’s renewable energy unit
Canadian investment firm Brookfield is buying the renewable energy division of Banks Group, the UK-based firm, whose businesses also include mining and transport, said on Tuesday. The Financial Times, which...
Britain’s Octopus Energy buys 10% stake in Dutch offshore wind farm
Britain’s Octopus Energy has acquired a 10% stake in the Borssele III & IV offshore wind farm in the Dutch North Sea for an undisclosed sum, part of a wider $20 billion offshore wind investment plan, the...
Repsol enters U.S. onshore wind market with $768 mln ConnectGen buy
Repsol said it had entered the U.S. onshore wind market by buying renewable energy developer ConnectGen for $768 million, expanding its presence in a country the Spanish energy firm sees as a key market. The acquisition...
Airtel unit Nxtra buys stakes in green energy projects
Bharti Airtel Monday said that it has signed definitive agreements to acquire stakes in the renewable energy project companies Continuum MP WindFarm Development Pvt. Ltd. and Egan Solar Power Pvt. Ltd, established by...
Shell to sell home energy business in UK, Germany to Octopus Energy
Shell said it would sell its home energy business in the UK and Germany to British energy supplier Octopus Energy Group as part of a deal in which the two companies explore a partnership on EV charging. Returns in the...
NCLT approves Vedanta’s acquisition of Meenakshi Energy at Rs 1,440 crore
Vedanta, led by Anil Aggarwal, has received the National Company Law Tribunal’s (NCLT) green light for its strategic acquisition plans. The focus of this acquisition is Meenakshi Energy, an entity entrenched in...
Ayana Renewable investors plan stake sale to raise up to $800m
Investors in Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million (Rs 6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy...
Authum Investment sells JSW Energy shares for Rs 552 cr via open market
Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and...
