State-run NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal...
OMERS, APG to buy Dutch meters business Kenter in $764 mln deal
Canada’s OMERS and Dutch pension investor APG have agreed to buy Netherlands-based energy infrastructure solutions firm Kenter, according to a draft announcement of the deal seen by Reuters and confirmed by the...
NiSource to sell $2.15 billion stake in Indiana unit to Blackstone
Energy company NiSource said it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone’s infrastructure unit. The transaction will help Nisource cut debt and fund its...
Varo Energy acquires second biogas firm in 2023
European refiner and trader Varo Energy is acquiring biogas supplier Renewable Energy Services (RES), its second deal this year in a sector which is expected to grow rapidly as economies seek to reduce carbon emissions...
Eni intensifies talks to sell stake in low-carbon unit -sources
Italian energy group Eni has intensified talks with several investors over a potential sale of a minority stake in its renewables and retail business Plenitude, three sources with knowledge of the matter said on...
Inox Wind Energy soars 19% on board’s nod for merger with Inox Wind
Shares of Inox Wind Energy rallied 19 per cent to hit a record high of Rs 2,150, while Inox Wind slipped 5 per cent to Rs 138.50 after the board approved merger with Inox Wind Energy. Inox Wind, India’s leading wind...
Duke Energy to sell Commercial Renewables unit in $2.8 bln deal
Duke Energy Corp said it has agreed to sell its unregulated utility-scale Commercial Renewables business to Brookfield Renewable in a deal valued at about $2.8 billion. Duke said it expects net proceeds of about $1.1...
JSW Group plans to sell minor stake in Neo Energy for $500 m
JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed...
Eversource Energy to sell stake in offshore wind site to JV partner Ørsted
Eversource Energy agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash. The agreement to sell the lease area of about...
Suzlon in talks with Deutsche Bank to raise $350 million
Green energy company Suzlon is in talks with Deutsche Bank to raise $350 million in debt from the offshore market. This is in addition to ₹2,000 crore it is raising by selling non-convertible debentures (NCD) at home...
Siemens Gamesa agrees to sell Windar Renovables stake to Bridgepoint
Siemens Gamesa has signed an agreement to sell its 32% stake in Windar Renovables to Bridgepoint, a spokesperson for Siemens Energy, Siemens Gamesa’s parent, said on Sunday. The spokesperson declined to comment on...
IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 cr
Infrastructure investment trust India Grid Trust (IndiGrid) said it has signed a share purchase agreement for the acquisition of 100 per cent units in Virescent Renewable Energy Trust at an enterprise value of up to Rs...
