RWE, Germany’s biggest power producer, is considering buying further shares in power network operator Amprion, a person familiar with the matter said. RWE currently holds a 25.1% stake in Germany’s second...
Power
Nuclear power startup Newcleo to go public through SPAC deal
Newcleo said on Wednesday it will go public in the U.S. through a blank-check deal that values the nuclear power startup at about $2.4 billion on a pre-money basis. Here are some details of the deal: Newcleo’s...
Adani, GMR among shortlisted bidders for $400 million IntelliSmart deal
India’s leading smart meter platform IntelliSmart Infrastructure has entered the final leg of its sale process, with an Adani Group entity in the four-bidder shortlist for the next round of negotiations, multiple...
Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore total
Adani Power on Thursday said it has entered into definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and the 180 MW Churk thermal power plant in...
RPSG, Inox, Hexa bid for Enel’s renewable energy projects in India
RP Sanjiv Goenka’s Purvah Green, Inox Clean Energy, and Hexa Climate have submitted binding financial bids to acquire Italian state-backed Enel Group’s operations in India, said people familiar with the...
Adani Power to acquire certain power assets and investments of Jaiprakash Associates
Adani Power announced that pursuant to the approved resolution plan for Jaiprakash Associates (JAL) submitted by Adani Enterprises, the company has entered into the following definitive agreements with JAL: (a) Share...
NextEra, Dominion in talks to create $400 billion US utility, FT reports
U.S. power firm NextEra Energy is in talks to combine with smaller Virginia-based utility Dominion Energy, a deal that would create a company valued at about $400 billion including debt, the Financial Times reported...
Inox Clean acquires US solar manufacturer Boviet Solar for $750 million
Renewable energy (RE) company Inox Clean Energy announced it has acquired module and cell manufacturing capacity of 3 Gigawatt (Gw) each from Boviet Solar Technology LLC, a US-based solar manufacturing firm, in a $750...
CCI clears Adani Power’s GVK buy, other deals
The Competition Commission of India (CCI) on Tuesday said it has cleared four deals, including Adani Power’s proposed acquisition of GVK Energy and the purchase of a stake in Ctrl S Datacenters by an arm of Canada...
Power startup Fermi rejects former CEO’s call for sale of company
Fermi on Tuesday rejected former CEO Toby Neugebauer’s call for an immediate sale of the U.S. power startup, saying such a move was “not in the best interest” of the company. Neugebauer, who co...
Premier Energy to buy Macquarie’s Romanian power distribution network for $824 million
Budapest-listed Premier Energy has agreed to buy Evryo Group’s power distribution network from Australia’s Macquarie for about 700 million euros ($824.39 million), the companies said on Friday. The...
Global funds, Adani, GMR, others in race for NIIF’s smart meter business
The sale process for IntelliSmart Infrastructure, which operates smart electricity metering systems of utilities, has drawn strong interest from global infrastructure investors and domestic smart meter manufacturers...
