Parsley Energy Inc (PE.N) said on Tuesday it would buy certain assets in the oil-rich Permian Basin for about $2.8 billion from Double Eagle Energy Permian LLC, its second deal in the largest U.S. oil patch in less than...
Energy
EU regulators to decide on Siemens, Gamesa deal by March 13
German engineering company Siemens (SIEGn.DE) is hoping to win early EU antitrust approval for its plan to create the world’s biggest wind turbine maker with Spain’s Gamesa (GAM.MC), people familiar with the...
Israel’s Delek expands in North Sea with Ithaca Energy deal
Israel’s Delek Group has agreed to buy Ithaca Energy Inc in a deal valuing the North Sea oil producer’s equity at $646 million and building on Delek’s expansion in the North Sea ahead of a planned...
IDFC Alternatives looks to exit Mytrah Energy
IDFC Alternatives, the asset management arm of IDFC Ltd, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India Pvt. Ltd, ahead of the company’s proposed initial public offering...
Tata Power to acquire Nelco’s biz vertical
Tata PowerBSE 0.56 % today said it has entered into a binding understanding with group firm Nelco’s defence business of Unattended Ground Sensors (UGS) and completed the formalities for the purchase. “With...
After SunEdison, Greenko set to buy TAQA’s hydel unit
Greenko Energy is set to acquire an Indian hydropower unit from Abu Dhabi’s TAQA for Rs 650 crore, the second instance in four months where the Hyderabad-based renewables company is buying out a distressed local asset...
Brookfield Asset lists proposals for potential TerraForm Power deal
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...
