Inox Wind today said its wholly-owned subsidiary Inox Wind Infrastructure Services Ltd has acquired Sarayu Wind Power (Kondapuram) Private Ltd. “We hereby inform that continuing our expansion in southern states of...
Energy
ReNew Power inks pact with OPIC to raise up to $250 million.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, will provide debt financing of up to $250 million for ReNew Power Ventures’ solar development projects...
Sajjan Jindal-led JSW Energy set to acquire 1,000 MW power plant for Rs 6,000 crore
JSW Energy, the flagship power generating company of Sajjan Jindal, is set to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore, two persons familiar with the matter told ET. “The broad contours of...
Energy Transfer says controlling interest in Sunoco not for sale
Energy Transfer Equity (ETE) said on Wednesday that it has no plans to sell its controlling interest in Sunoco LP (SUN.N) even though it has received many queries from potential buyers since acquiring the gas station...
Senvion May Become Acquisition Target After Plan for IPO Fails
Senvion GmbH’s failure to launch an initial public offering may leave the German wind turbine maker the target of a takeover bid as four of its biggest competitors combine to increase their own market clout...
Vivint Solar Seeks Financing After Canceling SunEdison Deal
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...
