Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects

Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects

Masdar (or the Abu Dhabi Future Energy Company) announced that it has signed an agreement with EDF Renewables North America to acquire a 50% stake in eight renewable energy projects ...
/ / Finance and M&A, Other
Ayana Renewable Acquires Two Solar Projects in Karnataka from First Solar

Ayana Renewable Acquires Two Solar Projects in Karnataka from First Solar

Ayana Renewable Power Private Limited, backed by the U.K.-based CDC Group, has announced the acquisition of First Solar's two solar projects with a capacity of 40 MW. The company has ...
/ / Finance and M&A, Solar
NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Limited has floated a request for proposal (RfS) to acquire 1 GW of operational solar projects across India. Interested bidders are expected to submit an earnest money deposit (EMD) ...
/ / Solar, Tenders & Auctions
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government's goal of 100% railway electrification and to reduce its carbon ...
Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway

Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway

Ampere Vehicle, an electric mobility subsidiary of Indian heavy equipment manufacturer Greaves Cotton Limited, announced that it has acquired a 74% stake in Bestway Agencies Private Limited. Bestway is a ...
/ / Finance and M&A, Other
In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion

In the Largest Rooftop Solar Acquisition, Sunrun to Acquire Vivint Solar for $3.2 Billion

In the largest rooftop solar acquisition to date, Sunrun has entered into an agreement to acquire Vivint Solar in an all-stock transaction for $3.2 billion. Vivint Solar serves as a ...
Sterlite Power To Strengthen Interstate Transmission System To Evacuate Renewables

Sterlite Power To Strengthen Interstate Transmission System To Evacuate Renewables

Sterlite Power, a Mumbai-based power transmission company, announced that it had acquired Vapi-II North Lakhimpur Transmission Limited (VNLTL), a special purpose vehicle (SPV) of PFC Consulting Limited, to execute a ...
/ / Grid, T&D
Emami Group Sells its Solar Segment to Brookfield Asset Management

Emami Group Sells its Solar Segment to Brookfield Asset Management

The Emami Group, a Kolkata-based conglomerate, has sold its solar power business to Canadian Investment Company, Brookfield Asset Management, through a 100% stake sale. While the company confirmed the development ...
Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Mobility Private Limited, a subsidiary of Indian cab aggregator Ola Cabs, announced that it has acquired Etergo BV, an Amsterdam-based electric scooter maker. The value of the transaction remained ...
Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), ...
India Tweaks FDI Policy to Curb Opportunistic Acquisition of Firms Amid COVID-19

India Tweaks FDI Policy to Curb Opportunistic Acquisition of Firms Amid COVID-19

The Ministry of Commerce and Industry has revised its Foreign Direct Investment (FDI) policy intending to curb takeovers or acquisitions of Indian companies during the ongoing coronavirus pandemic. A Foreign ...
/ / Other, Renewable Energy
Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Energy Limited (AGEL), a Gujarat-based solar power developer, announced that it has entered into a joint venture with TOTAL Solar Singapore PTE Limited for about 2.1 GW of ...
LONGi Solar to Acquire a Chinese Solar Cell & Module Manufacturer for $253 Million

LONGi Solar to Acquire a Chinese Solar Cell & Module Manufacturer for $253 Million

LONGi Solar, a Chinese manufacturer of high-efficiency mono-crystalline solar cells and modules, has announced a framework agreement to acquire solar cell and module manufacturer Ningbo Jiangbei Yize New Technology for ...
SunEdison’s Rooftop Solar Subsidiary Acquires Sherisha Solar

SunEdison’s Rooftop Solar Subsidiary Acquires Sherisha Solar

Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed that its subsidiary SIL Rooftop Solar Power Private Limited (SIL), has acquired 100% fully paid-up equity share ...
/ / Finance and M&A, Solar
Vector Green Energy Acquires RattanIndia’s Solar Portfolio

Vector Green Energy Acquires RattanIndia’s Solar Portfolio

Vector Green Energy Private Limited, an independent power producer (IPP) which operates wind and solar projects, has acquired 225 MW (AC) solar generation capacity from RattanIndia, according to a source ...
Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Ahmedabad-based Adani Transmission Limited (ATL), has signed a share purchase agreement and completed the acquisition of the WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company. WRSSTL is a ...
/ / Finance and M&A, Other
Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%

Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%

Avyan Renewable Solar will now acquire 13,91,896 equity shares representing 31% of the equity share capital of SunEdison, according to a recent corporate filing by SunEdison with the Bombay Stock ...
/ / Finance and M&A, Solar
Shell Acquires 20% Stake in Solar Solutions Provider Orb Energy

Shell Acquires 20% Stake in Solar Solutions Provider Orb Energy

Shell’s New Energies business has acquired nearly a 20% stake in Orb Energy, a solar solutions provider. According to a press statement issued by Orb, the new investment is likely ...
/ / Finance and M&A, Solar
Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of the special purpose vehicle of Bikaner-Khetri Transmission Limited (BKTL),  incorporated by PFC Consulting Ltd. ATL ...
/ / Finance and M&A, Other
Bangladesh Invites Companies to Fund and Develop 100 MW of Solar Projects

SunEdison to Acquire Two Renewable Companies for $21.2 Million

Chennai-based renewable energy company SunEdison Infrastructure Limited (formerly YKM Industries Limited) has informed of the acquisition of Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited, according to a ...
/ / Finance and M&A, Solar
ABB

ABB to Quit Solar Inverter Business, FIMER to Take Over

Switzerland-headquartered ABB and Italian company FIMER have signed an agreement under which FIMER will acquire ABB’s solar inverter business. The transaction is expected to enhance the prospects of the solar ...
Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle

Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle

In a filing to the Indian stock exchanges, Gujarat-based KPI Global Infrastructure (KPI Global) has announced the acquisition of KPIG Energia Private Limited, a newly-formed special purpose vehicle registered on ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm

Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm

Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar's SPV at ₹129 Million

Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million

A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy

Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
/ / Finance and M&A, Solar