JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed...
Eversource Energy to sell stake in offshore wind site to JV partner Ørsted
Eversource Energy agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash. The agreement to sell the lease area of about...
Suzlon in talks with Deutsche Bank to raise $350 million
Green energy company Suzlon is in talks with Deutsche Bank to raise $350 million in debt from the offshore market. This is in addition to ₹2,000 crore it is raising by selling non-convertible debentures (NCD) at home...
Siemens Gamesa agrees to sell Windar Renovables stake to Bridgepoint
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Reliance Industries on Saturday said the company’s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with it, and RNEL will undertake the conglomerate’s renewable energy...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...
