Shell said it would sell its home energy business in the UK and Germany to British energy supplier Octopus Energy Group as part of a deal in which the two companies explore a partnership on EV charging. Returns in the...
NCLT approves Vedanta’s acquisition of Meenakshi Energy at Rs 1,440 crore
Vedanta, led by Anil Aggarwal, has received the National Company Law Tribunal’s (NCLT) green light for its strategic acquisition plans. The focus of this acquisition is Meenakshi Energy, an entity entrenched in...
Ayana Renewable investors plan stake sale to raise up to $800m
Investors in Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million (Rs 6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy...
Authum Investment sells JSW Energy shares for Rs 552 cr via open market
Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and...
Eni in advanced talks to sell minority stake in low-carbon unit, CFO says
Italian energy group Eni is in advanced negotiations with a strategic partner to sell a minority stake in its low-carbon unit Plenitude, its Chief Financial Officer Francesco Gattei said. In a post-results conference...
NHPC eyes IPO, stake sale of clean energy arm
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...
