Welspun Enterprises LtdBSE -4.37 % (WEL) today said it has completed the sale of its 15.4 percent stake in Welspun Energy for around Rs 286 crore. This deal is another step in the company’s business re...
Energy
Renewable energy firm Bhoruka Power in talks to raise $120 million
Hydro and wind power producer Bhoruka Power Corp. Ltd is looking to raise about $120 million in equity investment and use the money to increase renewable energy capacity to 1 gigawatt (GW) by 2020, said managing...
JP Morgan-backed Leap Green set to buy Inox Windfarms
Leap Green Energy, a clean energy company promoted by India’s first Formula One driver Narain Karthikeyan, has bought all wind farms owned by InoxBSE -4.52 % Renewables for an undisclosed amount. Two people directly...
LNJ Bhilwara Group appoints Yes Bank for wind energy portfolio sale
In an indication of growing consolidation in the Indian wind energy sector, Ravi Jhunjhunwala’s LNJ Bhilwara Group has put up its wind energy portfolio for sale and hired Yes Bank Ltd to run the process. According to...
JSW Energy’s buyout plans for Bina power plant stuck
JSW Energy Ltd’s plan to buy the 500 mega-watts (MW) Bina thermal power plant from Jaiprakash Power Ventures Ltd may come unstuck as the latter’s lenders have invoked strategic debt restructuring (SDR), according to two...
FTC approves Enbridge deal to buy Spectra with conditions
Canada’s Enbridge Inc (ENB.TO) and Spectra Energy Corp (SE.N) have won U.S. antitrust approval for a $28 billion merger that will create the largest North American energy infrastructure company. The Federal Trade...
IFC to invest $15 mn in Clean Max Equity
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...
