Vivint Solar Inc. is seeking to raise “substantial†amounts of cash after its canceled acquisition by SunEdison Inc. hindered the company’s operations. Vivint had $92.2 million in cash and equivalents on hand as...
Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger
A Washington, D.C. agency that advocates for utility customers rejected on Friday a possible compromise that would allow power company Exelon Corp (EXC.N) to merge with Pepco Holdings Inc (POM.N). The companies need...
Utility Westar Energy Said to Mull Options Including Sale
Westar Energy Inc., the biggest electric utility in Kansas, is in the early stages of exploring strategic options that could lead to a sale, according to people familiar with the matter, amid consolidation in the U.S...
SunEdison plans to offload equity in 500 MW Andhra Pradesh project.
SunEdison, the world’s biggest renewable energy company, plans to offload equity in a 500 megawatt project that it won in India by making a bid that rivals said was too low to make commercial sense. The US company...
Silver Run raises $450 million in IPO to buy energy companies
Silver Run Acquisition Corp SRAQU.O, a new U.S. investment vehicle, raised a greater-than-expected $450 million in an initial public offering on Tuesday aimed at funding the acquisition of energy companies, indicating...
Brazil Wind Farms on Sale as Weak Economy Spurs Demand for Cash
Brazil’s slumping economy and plunging currency have clean-energy companies seeking to sell wind farms to boost liquidity. “There are many wind assets on sale as we experience a moment where energy companies are...
Linn Energy to explore strategic options, exhausts credit facility
U.S. oil and gas producer Linn Energy Llc (LINE.O) said it would explore strategic alternatives to shore up its balance sheet and ensure it has sufficient funds to navigate the incessant slump in oil prices. Linn Energy...
Government looks to raise Rs 6,000 crore from Coal India share buyback.
The government is looking to raise about Rs 6,000 crore by getting Coal IndiaBSE 0.28 % Ltd to buy back a fourth of its paid-up share capital at a premium but the state-owned company may only be able to comply with this...
Piper Jaffray to Acquire Simmons for Energy Dealmaking Push
Piper Jaffray Cos., the investment bank founded in 1895, agreed to buy Simmons & Co. for dealmaking in the energy industry. Piper Jaffray will add more than 170 professionals offering merger-and-acquisition advice...
