Mergers & Acquisitions

Fortum gets Finnfund to accelerate EV charging infrastructure

The clean energy major has raised investment from Finnish impact investor Finnfund in its public charging point operator business Fortum Charge and Drive India.

Adani Green, Total joint venture expands operating solar portfolio by 205 MW

With the latest acquisition, the total operating renewable portfolio of the joint venture between Adani Green Energy and the French oil and gas major has reached 2,353 MW. 

CCI approves Adani Green’s solar asset transfer to Total joint venture 

The Indian developer formed the joint venture to allow Total Solar Singapore—French oil and gas giant Total’s renewable arm—acquire half the stake in its 2.1 GW of current operational PV portfolio in India.

Adani Green completes acquisition of 205 MW operating solar assets from Essel

The purchased solar portfolio is relatively young, with average remaining power purchase agreement life of around 21 years.

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Mahindra & Mahindra cancels pact to sell solar arm

The company cited delay in sale completion of Neo Solren as the reason for the pact’s cancellation with CLP India. The subsidiary was formed to set up and operate solar plants in Telangana.

RattanIndia sells 306 MW solar assets to GIP

The coal-fired power generator is exploring new avenues of business with thrust on sectors that do not require huge amount of debt and are focused on new technologies. It has decided to participate in coal block auction process with a view to profitably mine and sell coal commercially.

Mahindra & Mahindra forms a new solar subsidiary

Martial Solren Private Limited has been incorporated in Mumbai as a wholly-owned subsidiary of solar EPC business Mahindra Susten.

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Malaysia’s Yinson increases stake in India solar plant to 95%

Having acquired a 37.5% stake in March, Yinson has now agreed to buy an additional 57.5% equity interest in Indian independent power producer Rising Sun Energy (RSE) with a cumulative operational capacity of 140 MW (AC) in the Bhadla Solar Park.

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Manikaran Power, south Korea’s KEPCO join hands to acquire stressed power plants in India

The New Delhi-headquartered power trading company has signed a Memorandum of Understanding with the South Korean power plant maintenance specialist to acquire and revive stressed assets in the power sector.

Siemens gets CCI nod to acquire C&S Electric

Certain businesses such as engineering, procurement, and construction shall be retained by the existing promoters of C&S Electric which has five operational renewable energy (four wind and one solar power) projects with a combined capacity of 174 MW.

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