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Mergers & Acquisitions

Actis backed BluPine Energy acquires 404 MWp operating solar assets in India

BluPine Energy, launched earlier this year by UK investor Actis, targets 4 GW of utility-scale solar, wind and storage projects in India by adopting a buy-and-build strategy.

Enfinity Global adds 205 MW of solar energy capacity in India

US-based Enfinity Global has commissioned 135 MW of solar projects in Maharashtra. It has also acquired 70 MW of operational assets in Telangana and Karnataka.

Sembcorp acquires Vector Green

Sembcorp Green Infra has signed the agreement to acquire Mumbai-based renewable power producer Vector Green, which has a cumulative 583 MW of solar and wind portfolio in India.

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SunEdison changes its name to Refex Renewables & Infrastructure

Tamil Nadu-headquartered SunEdison Infrastructure Ltd will now be known as Refex Renewables & Infrastructure Ltd.

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Reliance Industries to restructure group EPC resources

India’s Reliance Industries Ltd (RIL) is realigning its engineering, procurement, and construction (EPC) resources to create a focused EPC undertaking for implementing its large projects across New Energy, oil-to-chemicals, and 5G roll-out.

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Borosil Renewables completes acquisition of 86% in Europe’s largest solar glass maker Interfloat Group

Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.

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Refex allots 1.1 million shares to SunEdison for $1.75 million

The company’s Board of Directors has approved the allotment of preferential shares to SunEdison for INR 14.4 crore ($1.75 million).

Reliance New Energy to invest in perovskite solar startup Caelux

The new energy arm of Reliance Industries has signed the agreement to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million. The investment will accelerate Caelux’ product development and commercialization.

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Waaree Renewable Technologies to merge three arms

The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.

Reliance Industries to acquire majority stake in SenseHawk

Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.

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