In Short : Actis has acquired 100% of Stride Climate Investments from Macquarie Group, gaining 371 MW of operational solar assets across seven Indian states. The portfolio includes long-term power purchase agreements with government and private entities. This acquisition strengthens Actis’s renewable energy presence in India, aligning with its strategy to expand sustainable infrastructure and […]
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore – EQ
In Short : A consortium of three power companies has acquired Karvy Data Management Services for ₹159 crore. This strategic acquisition aims to leverage Karvy’s data management expertise to enhance operational efficiencies and customer service within the power sector. The deal underscores the growing importance of data-driven solutions in optimizing energy distribution and management. In […]
JSW Neo Energy acquires 4.7 GW RE platform from O2 Power Pooling for ₹12,468 crore – EQ
In Short : JSW Neo Energy has acquired a 4.7 GW renewable energy platform from O2 Power Pooling for ₹12,468 crore. This strategic acquisition strengthens JSW Neo’s position in the clean energy sector, expanding its renewable capacity. The deal reflects the growing demand for sustainable energy solutions and supports India’s transition towards a greener energy […]
JSW acquires 45 MW green energy capacity from RIL -EQ
In Short : JSW has obtained 45 MW of green energy capacity from RIL, marking a significant acquisition in renewable resources. This move underscores the commitment to sustainable practices and strengthens the company’s position in the energy sector. In Detail : JSW Renewable Energy (Coated) Limited, a wholly-owned subsidiary of JSW Neo Energy Limited, has agreed […]
PetroChina Acquires EV Charging Company Potevio New Energy – EQ
PetroChina has acquired 100 percent of electric vehicle (EV) charging firm Potevio New Energy in the latest lower-carbon investment by China’s top oil and gas company, parent CNPC said on Friday. Set up in 2010, Potevio New Energy was among China’s first state-owned companies engaged in EV charging network building and operations. It ran 50,000 […]
GPS Renewables acquires Germany-based Proweps Envirotech – EQ Mag
As per an official statement, the acquisition of Proweps further solidifies GPS Renewables’ position as a leading global full stack biofuels firm GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste and agri-residue for […]
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC – EQ Mag
The project entails the construction of a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. Sterlite Power, a power transmission developer and solutions provider in India and Brazil, has announced the acquisition of Fatehgarh III Beawar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL). PFCCL, a wholly owned […]
Electricity: TotalEnergies acquires all of Total Eren after five years of a fruitful strategic partnership – EQ Mag
Paris : Continuing its profitable growth in renewable electricity, TotalEnergies announces today the acquisition of the entire capital of Total Eren, thus increasing its stake from nearly 30% to 100%. The Total Eren teams will be fully integrated within the Renewables business unit of TotalEnergies. This operation follows the strategic agreement concluded between the two […]
Billionaire Cannon-Brookes acquires Sun Cable renewables project – EQ Mag
Entrepreneur says plan to send renewable energy to Singapore from Northern Territory a ‘nation-building project for Australia’ Mike Cannon-Brookes has prevailed over Andrew Forrest in a billionaires’ battle for control of Sun Cable, an ambitious development promising to transmit solar-generated electricity from the Northern Territory outback to Singapore. Cannon-Brookes and Forrest had been involved in […]
Amarenco Group acquires 100% of Spectrum International for Renewable Energy Investments Company in Jordan – EQ Mag
[Dubai, UAE] : Amarenco Group, a leading independent renewable energy producer, announced today that it has acquired Spectrum International for Renewable Energy Investments, a Jordanian-based renewable energy company. The acquisition includes all operating projects and pipeline of Spectrum, a local developer founded in 2012 by Al-Eqbal Investment. Spectrum has developed and owns several BOT solar […]