The infrastructure fund of multi-asset manager IDFC Alternatives is set to make its biggest acquisition till date by taking over the entire 200 megawatts of First Solar’s operational portfolio of solar power projects in...
Tata Power to invest $90 million in renewable energy arm TPREL
Tata Power Co. Ltd plans to invest around $90 million (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline...
Warburg Pincus may invest $75 milion in CleanMax Solar
In one of the largest overseas investments in the Indian rooftop solar space, US-based private equity firm Warburg Pincus Llc plans to invest around $75 million in CleanMax Solar, an on-site rooftop solar power...
GE arm in talks to invest in Avaada Power’s renewable energy projects
GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and is in talks with Avaada Power to invest in the renewable energy projects of the Vineet Mittal-promoted firm, two people aware...
Merger of Orient and IL&FS wind power businesses hits tax hurdle
The merger of Orient Green Power Co. Ltd’s (OGPL) wind power business with IL&FS Wind Energy may come unstuck because of a new provision that mandates payment of long-term capital gains tax on share sales where...
Foreign investors giving M&A deals in India’s renewable energy sector a miss
Foreign strategic investors have largely stayed away from the flurry of deal-making in India’s renewable energy sector, preferring instead to build from the ground up. Out of the $2.32 billion worth of mergers and...
First Solar may sell about 200MW of assets in India
American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of...
Greenko Group eyes Bhoruka Power’s clean energy portfolio
Greenko Group is looking to acquire hydro and wind power producer Bhoruka Power Corp. Ltd’s renewable energy portfolio of 310 megawatts (MW). L&T Infrastructure Finance Co. Ltd holds an equity stake worth Rs350...
Statoil, Total SA, Shell eye strategic stake in Amplus Energy
Norway’s Statoil ASA, France’s Total SA and Royal Dutch Shell Plc have shown interest in investing in solar power producer Amplus Energy Solutions Pvt. Ltd, according to two people familiar with the development. “Amplus...
PE funds, promoters to exit Kiran Energy
The owners of solar power producer Kiran Energy Solar Power Pvt. Ltd has decided to sell the company outright after earlier attempts to sell a majority stake failed, two people familiar with the development said...
Brookfield may buy Continuum’s assets
Canada’s Brookfield Asset Management Inc. is in talks to buy the operational wind energy assets of Morgan Stanley Infrastructure Partners-controlled renewable energy platform Continuum Wind Energy, two people aware of...
IDFC Alternatives buys 3 Punj Lloyd solar projects
MUMBAI: The India infrastructure fund of IDFC Alternatives is buying three solar projects in Punjab and Rajasthan from Punj LloydBSE 1.94 % Infrastructure as part of the parent’s plans to establish a presence in...