AHMEDABAD: Chinese conglomerate Sany Group today signed a MoU with the Gujarat Government to invest a staggering $2 billion over the next five years in various energy and infrastructure projects in the state. The pact...
Energy
Renewable energy firm ACME Cleantech raises Rs500 crore
Mumbai: Delhi-based renewable energy and telecom solutions company ACME Cleantech Solutions Pvt. Ltd has raised Rs500 crore from Ajay Piramal-controlled Piramal Enterprises Ltd. The investment in ACME was done by...
Sempra quits talks on Odebrecht Peru pipeline, partners scramble
Sempra Energy (SRE.N) said Wednesday that it dropped its offer to buy a stake in Odebrecht SA’s [ODBES.UL] natural gas pipeline concession in Peru, leaving junior partners scrambling to try to save the project as...
Baytex buying northern Alberta heavy oil assets for C$65 million
Mid-sized Canadian oil producer Baytex Energy Corp has agreed to buy heavy oil production assets in the Peace River region of northern Alberta in a deal worth C$65 million ($48.35 million), the company said on Tuesday...
Hindustan Clean Energy raises $130 mn from Farallon Capital, BofAML
Hindustan Clean Energy Ltd (HCEL), the renewable energy arm of Hindustan Power Projects Pvt. Ltd (HPPPL), has raised $130 million in debt funding from US-based hedge fund Farallon Capital Management and Bank of America...
Brookfield Asset proposes to take 50-60 percent stake in TerraForm Power
Brookfield Asset Management Inc (BAMa.TO) proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc (SUNEQ.PK) unit TerraForm Power Inc (TERP.O), a week after it expressed interest in...
Tesla Seals $2 Billion SolarCity Deal
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...
