ReNew receives final non-binding offer from Masdar, CPP Investments, ADIA, and Sumant Sinha
ReNew Energy Global has received a final non-binding offer from a consortium of its promoters to acquire the company’s entire issued and to be issued share capital not already owned by the Consortium, for cash consideration of $8.00 per share. This offer is 13.2% higher than the initial proposal made on Dec. 10, 2024.
Honeywell adds Li-ion Tamer for battery fire safety in buildings
Honeywell has acquired the Li-ion Tamer business from Nexceris, a leader in off-gas detection technology for lithium-ion batteries. Li-ion Tamer’s early warning technology detects battery off-gassing, which typically precedes thermal runaway, providing facilities with vital time to intervene before a battery fire starts.
AM Green acquires stake in Greenko from ORIX
The stake acquisition enhances AM Green’s upstream integration with Greenko, which runs over 10 GW of renewable and pumped storage assets and is building the world’s largest “Intelligent Energy Storage Cloud Platform.”
Waaree Energies Board of Directors approves acquisition of Kamath Transformers, Green New Delhi Forever Energy
Waaree Energies’ Board of Directors has approved the acquisition of Kamath Transformers by the company. The Board also approved the acquisition of Green New Delhi Forever Energy by Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies.
Hexa Climate buys Fortum’s renewable energy portfolio in India
Gurugram based Hexa Climate Solutions has acquired Finnish energy company Fortum’s renewable energy portfolio in India.
Adani Green Energy allots 44.9 lakh equity shares to Ardour upon warrant conversion
Adani Green Energy Ltd (AGEL) has approved the conversion of 44.9 lakh warrants into equity shares by Ardour Investment Holding, a member of the promoter group of the Company. Consequently, the promoter group shareholding in AGEL has increased from 60.94% to 61.05%.
Havells invests INR 600 crore in Goldi Solar
Havells India Ltd has signed binding term sheet to invest INR 600 crore in Surat-based PV module manufacturer Goldi Solar (Goldi). As part of conditions precedent to the transaction, Havells will enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
JSW Energy completes acquisition of O2 Power
JSW Energy has completed the acquisition of 4.7 GW renewable energy platform O2 Power at an enterprise valuation of around INR 12,468 crore.
ONGC NTPC Green completes acquisition of Ayana Renewable Power
ONGC NTPC Green has completed the acquisition of 100% equity stake in Ayana Renewable Power, a renewable energy platform with a portfolio of around 4,112 MW in India.
Brookfield sells 1.6 GW of solar, wind assets in India to Gentari
Brookfield has announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India (Gentari). The first-phase sale of 1 GW of operating assets is already complete.
