Leading Canadian fund Ontario Teachers’ Pension Plan Board (Ontario Teachers’) will acquire a 30% stake in Mahindra Susten, the renewable energy platform, for Rs 2,371 crore ( $300 million), said Ontario Teachers’...
Iberdrola sells 49% wind farm stake to EIP for 700 mln euros
Spanish power company Iberdrola said it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the...
SKS Power’s lenders extend timeline for due diligence
Lenders to the Chhattisgarh-based distressed electricity producer SKS Power Generation have extended the deadline for due diligence by prospective buyers to October 17 because of the high demand for the plant. The...
Varde Partners to pick up 15% in Reliance Power for Rs 933 crore
Reliance Power said that it would raise Rs 933 crore through a private placement of shares to VFSI Holdings, an affiliate of investment firm Varde Partners. This would result in VFSI picking up a 15 per cent stake in...
Reliance Power to get debt funding from PE firm Varde Partners
Värde Partners, a global investment firm focused on credit and distressed assets in India, has signed an agreement to invest in former billionaire businessman Anil Ambani group’s Reliance Power Ltd. (RPL). “On September...
Adani Power to acquire DB Power for ₹7,017 crore
Adani Power Ltd has agreed to acquire DB Power in a cash transaction at an enterprise value of ₹7,017 crore as India’s largest private thermal power producer seeks to expand its capacity. DB Power owns and operates a...
NTPC taps CPPIB, TAQA to sell green arm stake
Global utilities and energy companies, pension and infrastructure-focussed funds are among those that have been approached by NTPC as it starts fundraising for its clean energy platform. NTPC’s plans—to first carve out...
Japan’s JERA to buy 35% stake in Vietnam’s renewable energy firm for 15 billion yen
Japan’s biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% stake in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its...
Torrent, Sembcorp in fray to buy Vector Green Energy
Torrent Power Ltd and Singapore’s Sembcorp Industries Ltd are in the fray to buy US private equity firm Global Infrastructure Partners’ (GIP) Indian clean energy platform Vector Green Energy, said two people aware of...
RIL, Adani, NTPC among bidders for SKS power
Reliance Industries Ltd., Adani Power and the state-run NTPC are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation located in Chhattisgarh, people familiar with the matter told ET...
Nikola to buy battery supplier Romeo Power for $144 million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs. The offer...
CCI approves Greenforest New Energies’ stake buy in Tata Power Renewable
The Competition Commission has approved the purchase of stake in Tata Power Renewable Energy Ltd (TPREL) by Greenforest New Energies Bidco. The proposed combination relates to the acquisition of up to 11.43 per cent...
