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...
Energy
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...
Gulfport to buy acreage in Oklahoma’s SCOOP for $1.85 billion
Gulfport Energy Corp (GPOR.O) said it would buy acreage in Oklahoma’s SCOOP region from a privately held company for $1.85 billion. The purchase price consists of $1.35 billion in cash and about 18.8 million of...
Patterson-UTI to buy Seventy Seven Energy for $1.76 bln including debt
U.S. driller Patterson-UTI Energy Inc said on Monday it would buy its smaller counterpart Seventy Seven Energy Inc in an all-stock deal worth $1.76 billion including debt. Seventy Seven shareholders will receive 1.7725...
PE funds, promoters to exit Kiran Energy
The owners of solar power producer Kiran Energy Solar Power Pvt. Ltd has decided to sell the company outright after earlier attempts to sell a majority stake failed, two people familiar with the development said...
Italy’s Enel buys Brazil’s Celg-D for $647 million
Italy’s biggest utility Enel bought Brazilian power distribution company Celg-D from the state-run power holding company Eletrobras on Wednesday, as it presses ahead with plans to expand in Latin America. Enel SpA...
Wipro to sell EcoEnergy unit for $70 million
BENGALURU: WiproBSE 0.33 % said it agreed to sell its EcoEnergy division for $70 million as it sharpens its focus on its core IT business. Wipro EcoEnergy had revenue of about RS 67.6 crore in FY16 and has a net worth...
Tata Power to sell PT Arutmin stake for $247 million
NEW DELHI: Tata Power will sell its 30 per cent stake in Indonesia-based coal company PT Arutmin for a sharply lower consideration of USD 246.64 million after entering into revised pacts that take into account certain...
