German multinational technology conglomerate Siemens AG intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy, for a purchase price of 2.1...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
AustralianSuper rejects Brookfield’s ‘best and final’ $10.5 bln bid for Origin Energy
Pension fund AustralianSuper said it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53...
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 cr
Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd’s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel...
Tata Steel to pick up 26 per cent stake in Tata Power renewable arm
Tata Steel will acquire a 26% stake in TP Vardhaman Surya, a wholly-owned subsidiary of Tata Power Renewable Energy, as a part of its plan to reduce carbon emissions to nil by 2045. The steel-maker will also get into a...
Triton to buy Siemens Energy’s Trench, deal to close in 2024
Private equity firm Triton said on Thursday that it was acquiring Siemens Energy’s high-voltage component business Trench in a deal that is expected to close in the first half of 2024. The sale, confirmed in...
Energy exchange IEX to acquire 10% stake in Enviro Enablers India
Energy exchange IEX on Friday said it will acquire a 10 per cent stake in Enviro Enablers India Private Limited. The association will fulfil IEX’s commitment towards sustainability and decarbonisation in line with...
Suncor Energy to acquire TotalEnergies’ Canadian oil sands stake for C$1.47 bln
Suncor Energy said it would acquire French energy firm TotalEnergies’ Canadian operations for C$1.47 billion ($1.07 billion) to bolster its bitumen production capacity. Suncor will buy the 31.23% interest held by...
Canada’s Brookfield buys UK firm Banks Group’s renewable energy unit
Canadian investment firm Brookfield is buying the renewable energy division of Banks Group, the UK-based firm, whose businesses also include mining and transport, said on Tuesday. The Financial Times, which...
Britain’s Octopus Energy buys 10% stake in Dutch offshore wind farm
Britain’s Octopus Energy has acquired a 10% stake in the Borssele III & IV offshore wind farm in the Dutch North Sea for an undisclosed sum, part of a wider $20 billion offshore wind investment plan, the...
Repsol enters U.S. onshore wind market with $768 mln ConnectGen buy
Repsol said it had entered the U.S. onshore wind market by buying renewable energy developer ConnectGen for $768 million, expanding its presence in a country the Spanish energy firm sees as a key market. The acquisition...
Airtel unit Nxtra buys stakes in green energy projects
Bharti Airtel Monday said that it has signed definitive agreements to acquire stakes in the renewable energy project companies Continuum MP WindFarm Development Pvt. Ltd. and Egan Solar Power Pvt. Ltd, established by...
