Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion...
U.S. sues to stop EnergySolutions from buying smaller rival
The Justice Department filed a lawsuit on Wednesday aimed at stopping EnergySolutions from buying rival Waste Control Specialists, the agency said in a statement. Both companies dispose of low-level radioactive waste...
India Power completes acquisition of Nellore power plant
India Power Corp. Ltd, a Srei Group company, on Wednesday said it has concluded the purchase of Meenakshi Energy Pvt. Ltd, a 1,000 (megawatt) MW power plant at Nellore in Andhra Pradesh. The company bought the plant...
Liaoning Oxiranchem to use 24 mln yuan to fully buy new energy unit from Yingli Green Energy Holding Co Ltd
Liaoning Oxiranchem Inc * Says it plans to use 24 million yuan to fully buy Funing-based new energy unit from Yingli Green Energy Holding Co Ltd Source text in Chinese:goo.gl/XYqJMg Further company coverage: (Beijing...
Azure Power raises $470 mn for solar projects in India
Azure Power, a solar energy producer in the country, said it had raised $470 million for its projects which will start in 2017. The company said this was one of the largest financing done till date in the Indian solar...
Tesla Shareholders Should Back SolarCity Merger, ISS Says
Tesla Motors Inc. got the blessing of advisory firm Institutional Shareholder Services on Friday for its proposed $2.3 billion acquisition of SolarCity Corp., giving shares of both companies a boost. Shareholders of...
GMR Energy allots 30% shares to Tenaga for $300 million
NEW DELHI: GMR Energy, a subsidiary of GMR Infrastructure LtdBSE -4.12 % (GIL), on Friday said it has sold 30% stake in the company to Malaysia’s Tenaga Nasional Berhad for $300 million or about Rs 2,000 crore...
Adani, JSW and SembCorp in race to buy BC Jindal group’s Odisha power plant
Jindal India Thermal Power Ltd (JITPL), a part of the BC Jindal group, is in talks with prospective buyers to sell its 1,200MW thermal power plant in Odisha, three people familiar with the development said. The plant in...
Greenko likely to raise $300 million to refinance SunEdison India debt
Greenko Energy Holdings, which recently acquired SunEdison’s India assets, may refinance the entire debt of SunEdison India by tapping the overseas bond market, three people aware of the development said. “Talks...
Suncor says higher oil prices mean energy M&A window is closing
Suncor Energy Inc (SU.TO), Canada’s largest oil and gas producer, said on Thursday that higher oil prices mean the window for mergers and acquisitions is closing and the company is unlikely to do major deals in...
Brookfield may buy Continuum’s assets
Canada’s Brookfield Asset Management Inc. is in talks to buy the operational wind energy assets of Morgan Stanley Infrastructure Partners-controlled renewable energy platform Continuum Wind Energy, two people aware of...
Suzlon forms JV with Ostro Energy for 50-mw solar project
NEW DELHI: The Suzlon group today announced that it has entered into a joint venture with Ostro Energy for development and construction of a 50-mw solar project in Telangana. According to the contract signed between...
