Brookfield Asset Management Inc (BAMa.TO) said it had submitted alternative proposals regarding its interest in buying bankrupt solar company SunEdison Inc’s (SUNEQ.PK) “yieldco”, TerraForm Power Inc...
Suzlon set to raise Rs800 crore from PE firms Asia Climate Partners, Olympus
Wind turbine maker Suzlon Energy Ltd is set to raise Rs800 crore (around $120 million) from private equity investors Asia Climate Partners (ACP) and Olympus Capital Asia to create a renewable energy platform, two people...
EFG Hermes to buy UK solar power portfolio for $580 million
EFG Hermes’ renewable energy platform Vortex has agreed to buy a portfolio of solar power assets in Britain for 470 million pounds ($580 million) from Sun Edison’s Terraforma (TERP.O). The portfolio includes...
Engie CEO says there are no plans to take over Suez
Engie (ENGIE.PA) Chief Executive Isabelle Kocher said on Friday the French utility has no plans for a full takeover of its 33 percent-owned waste and water unit Suez, responding to a report that Engie was considering...
Monnet Ispat’s lenders restart stake sale process
Lenders to Monnet Ispat and Energy Ltd have restarted the process of selling a majority stake in the company, according to an advertisement posted by SBI Capital Markets on its website. This is not the first time that...
NLC India may acquire Ind-Barath power plant
NLC India Ltd (earlier known as Neyveli Lignite Corp. of India Ltd) is in talks with Hyderabad-based Ind-Barath Power Infra Ltd (IBPIL) to acquire the latter’s coal-fired power plant in Odisha, two people aware of the...
SunEdison settles contract fight to help close $150 million sale
Bankrupt renewable energy company SunEdison Inc has reached a deal with a spinoff company that helps clear the way for a $150 million sale of its solar materials business to a Chinese buyer, according to court papers...
China to invest $360 billion in renewable power in 2016-2020
China will invest 2.5 trillion yuan ($361 billion) in renewable power generation between 2016 and 2020, the National Energy Administration (NEA) said on Thursday, as the world’s largest energy market pushes to...
Brazil’s Renova to sell wind farm for up to $214 million
Brazil’s renewable power generation company Renova Energia SA (RNEW11.SA) is in talks to sell its wind farm Alto Sertao II to the Brazilian unit of AES Corp (AES.N), known as AES Brasil, for 600 million reais to...
Rosatom says could consider equity stake in Areva
Russian nuclear group Rosatom would be interested in taking an equity stake in French peer Areva if the French government allows it, a top Rosatom executive said on Tuesday. Under a government-led restructuring, 87...
Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells
Panasonic Corp (6752.T) will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk’s Tesla Motors (TSLA.O) to make photovoltaic (PV) cells and modules, deepening a...
Blackstone in talks to buy stake in Energy Transfer assets
Private-equity firm Blackstone Group LP (BX.N) is in talks to buy a stake in assets owned by Energy Transfer Partners LP (ETP.N), the company building the controversial Dakota Access pipeline, a source familiar with the...
