ReNew Power to merge with US firm for NASDAQ listing
Proceeds from the transaction with RMG Acquisition will be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity and to reduce debt.
Kalpataru Power Transmission acquires controlling stake in Brazilian EPC firm Fasttel
The Indian multinational has acquired a 51% stake in Brazilian company Fasttel Engenharia Ltd that specializes in engineering, procurement and construction (EPC) of power transmission, substation and distribution services.
Singapore’s Blueleaf launches in India with the acquisition of commercial solar developer Vibrant Energy
The pan-Asian renewable energy development platform, owned by Australian investment bank Macquarie’s Green Investment Group (GIG), has acquired a majority stake in Hyderabad-based commercial solar developer Vibrant Energy.
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.
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.
