Petronas’ Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion
Amplus, the Indian arm of Petronas (Petroliam Nasional Bhd), a Malaysian government-owned oil and gas company, has acquired 100 MW of solar assets from ACME Solar. The deal was valued ...
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) ...
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 ...
IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects
In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including ...
Globeleq Set to Acquire Brookfield’s Renewable Assets in South Africa
Globeleq, an independent power producer and developer in Africa, is set to acquire Brookfield Asset Management's interests in its South African renewable energy portfolio. The agreement is subject to various ...
ACME to Reduce its IPO Size from ₹22 Billion to ₹10-15 Billion
ACME Solar Holdings, an Indian renewable energy developer, has decided to re-evaluate its proposed Initial Public Offering (IPO). The company is going to downsize the IPO from ₹22 billion ($0.32 ...
Hinduja National Power Corp Acquires Kiran Energy Solar
Hinduja National Power Corporation Limited (HNPCL), a subsidiary of the Hinduja Group, has successfully completed the acquisition of Kiran Energy Solar Power. According to the Press Trust of India (PTI), ...