A unit of the international steel giant ArcelorMittal in India signed a contract to purchase wind turbines from Siemens Gamesa for a 166 MW project in Andhra Pradesh. A crucial boost to the nation’s steel industry’s decarbonization efforts will be given by the clean electricity generated, which will be used by one of ArcelorMittal’s steel […]
Dominion Energy to buy solar project in Virginia – EQ Mag
Utilities firm Dominion Energy Inc will buy Longroad Energy’s 108 megawatt solar project in Virginia, the U.S.-based renewable energy developer said on Tuesday. The solar project, called Foxhound, has been in development for six years and will produce enough clean energy to power more than 17,000 homes, Longroad said in a press release. Financial details […]
RattanIndia to buy 100% stake in electric motorcycle maker Revolt Motors – EQ Mag Pro
RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles RattanIndia Enterprises Ltd said on Friday it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time […]
Adani Power to buy DB Power for $879 million – EQ Mag Pro
DB Power owns and operates a thermal power plant in the central Indian state of Chhattisgarh and the deal will help Adani expand its operations in the state Adani Power Ltd said on Friday it will buy thermal power plant operator DB Power for an enterprise value of 70.17 billion rupees ($879.14 million) as India’s […]
Torrent, Sembcorp in fray to buy Vector Green Energy – EQ Mag Pro
Torrent Power Ltd and Singapore-based Sembcorp Industries Ltd. US private equity firm Global Infrastructure Partners (GIP) are in the fray to buy Indian clean energy platform Vector Green Energy, said two people aware of the development, which is set to become a ready for Largest clean energy deal in India. Standard Chartered is running the […]
UAE-Egypt consortium set to buy African renewables firm Lekela from Actis – EQ Mag Pro
A consortium of UAE-based Masdar and Egypt’s Infinity Energy is set to buy a majority stake in Lekela Power from private equity vehicle Actis A consortium of UAE-based Masdar and Egypt’s Infinity Energy is set to buy a majority stake in Lekela Power from private equity vehicle Actis, according to a report in Reuters. According […]
JSW Group signs exclusive deal to buy Mytrah Energy for $2 billion – EQ Mag Pro
Mytrah has an operational renewable energy portfolio with 2.3GW of capacity. Indian multinational conglomerate JSW Group has reportedly entered an exclusive agreement to acquire energy company Mytrah Energy India Private for an enterprise value of $2bn. Based in Hyderabad, India, Mytrah is understood to have a 2.3GW operational portfolio that includes 1.7GW of wind capacity […]
APG, OMERS Infrastructure buy Dutch renewables firm Groendus – EQ Mag Pro
Pension investor APG and OMERS Infrastructure have sealed a deal to jointly acquire Dutch renewables developer Groendus from NPM Capital. Formed last year through the merger of six companies, Groendus is an energy transition platform that develops, builds and operates energy projects, while also providing ancillary services to its customers. To date, the firm has […]
Glap to buy 4.8 GWp of Solar, Wind projects in Brazil – EQ Mag Pro
In transition to a cleaner energy model. Galp has just entered wind energy in Brazil and secured 4.8 GW of new renewable projects in the country, reaching a total of 9.6 GW in Brazil, Spain and Portugal. This diversified portfolio of renewable energy projects more than doubles our developing portfolio, giving access to photovoltaic and […]
Igneo Infrastructure to buy Elliott Green Power Australia – EQ Mag Pro
Igneo Infrastructure Partners has bought an Australian solar business from US investment firm Elliot Management Corporation, for an undisclosed sum but believed to be about A$500m (€333m). Igneo’s Australian renewables arm Atmos Renewables has won a bid to buy Elliott Green Power Australia (EGP). EGP’s portfolio consists of the Childers, Susan River and Nevertire solar […]