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.
UK investor acquires two Acme Solar projects aggregating 400 MW
Private equity investor Actis has completed the acquisition of Haryana-based Acme Solar’s 400 MW PV assets in the states of Andhra Pradesh and Madhya Pradesh.
Ayana Renewable acquires 40 MW PV projects from First Solar
This marks the first such acquisition for the Bengaluru-based developer as it looks to acquire high-quality operating renewable assets to ensure a balanced risk portfolio.
UK investor NextEnergy acquires 27.4 MWp solar project in Odisha
The plant—constructed and operated by Germany-headquartered IBC Solar Energy—is NextEnergy’s first investment in India as part of its strategy to acquire ready-to-build or operational solar projects across high-growth international markets.
Ministry moves to fend off predatory moves for Covid-weakened solar businesses
Foreign direct investment into Indian solar concerns from China and other neighboring countries will now have to secure the approval of the Ministry of New and Renewable Energy.
US investor KKR to acquire 317 MWp of SP Infra solar assets
Marking its second infrastructure investment in India, KKR will acquire Mumbai-based Shapoorji Pallonji Infrastructure’s 169 MWp solar assets in Maharashtra and 148 MWp in Tamil Nadu for a sum of Rs 15.54 billion (approximately US$204 million).
Mahindra Renewables completes sale of solar arm to CLP India
CLP India acquired Mahindra Renewables’ complete stake in Divine Solren for Rs 124.47 crore. Divine Solren is a special purpose vehicle formed by the Mahindra group to set up a 50 MW solar plant in Adilabad district of Telangana. The plant was commissioned in 2017.
Hitachi gets CCI nod to buy 80.1% stake in ABB’s power grid arm
Japan-based Hitachi will buy an 80.1% per cent stake in the Swiss major’s power grids business in a deal that values its grid business at US$ 11 billion.
Italian inverter maker confirms no ABB jobs will be lost in India
Fimer’s takeover of the inverter business of the Swiss conglomerate will not affect job numbers at ABB’s Indian production facilities, according to the new owner of the combined business.
