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...
Mitsui, Osaka Gas bid for ReNew C&I
Japan’s Mitsui & Co. and Osaka Gas have placed non-binding bids to buy a 30% stake in ReNew Energy Global Plc’s 2.3 gigawatts (GW) commercial and industrial project portfolio, two people aware of the development...
Energy Transfer acquires Lotus Midstream, raises 2023 earnings outlook
U.S. midstream company Energy Transfer said it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations for the rest of the year. The acquisition of Lotus Midstream...
Brookfield expands green footprint, buys 51% stake in CleanMax Enviro
Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development...
Reliance Industries to withdraw merger of new energy business with itself
Reliance Industries on Saturday said the company’s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with it, and RNEL will undertake the conglomerate’s renewable energy...
Florida-based Sunergy Renewables to go public via $475 million SPAC deal
Solar energy company Sunergy Renewables said on Wednesday it will go public via a merger with blank-check firm ESGEN Acquisition Corp in a deal that will value the combined company at $475 million. Sunergy, which was...
Eversource Capital, JSW Neo shortlisted for buyout of Continuum Green Energy
Eversource Capital and JSW Neo Energy are the two bidders shortlisted to acquire a controlling stake in Morgan Stanley-backed Continuum Green Energy, the enterprise value of which is pegged at $1.5 billion, according to...
Octopus Energy invests in Japanese solar power developer
Octopus Energy’s generation arm has invested in Japanese solar power developer Yotsuya Capital to develop new solar farms in Japan over the next five years, in its first investment in Asian renewables generation...
JSW Neo to acquire 12 SPVs of Mytrah Energy
JSW Energy on Tuesday said its subsidiary has agreed to acquire entire equity of 12 special purpose vehicles of Mytrah Energy (India) Pvt Ltd (MEIPL). In August 2022, JSW Neo Energy Ltd (JSWNEL) agreed to acquire a...
Origin Energy agrees $10.2 billion takeover deal with Brookfield consortium
Australia’s Origin Energy Ltd agreed a A$15.35 billion ($10.21 billion) takeover offer from a consortium led by Canada’s Brookfield, nearing the conclusion of one of the biggest private equity-backed buyouts...
Brookfield in talks to acquire CleanMax Solar
Canadian investor Brookfield has entered into exclusive negotiations to invest as much as ₹3,000 crore ($363 million) to buy a controlling stake in CleanMax Solar, which provides renewable energy to commercial and...
