JSW Energy completes acquisition of Mytrah’s 1.75 GW renewable assets
JSW Energy arm JSW Neo Energy has completed the acquisition of 1,331 MW of wind capacity and 422 MW solar from Mytrah Energy for INR 10,150 crore ($1,235 million).
Gensol Engineering acquires solar tracker specialist Scorpius
Gensol Engineering Ltd has acquired Pune-based Scorpius Trackers for INR 135 crore ($16.42 million). The acquisition allows Gensol Engineering to offer a comprehensive solar EPC package that includes Scorpius Trackers’ innovative solar tracking technology.
Virescent acquires 25 MW of operating solar assets from Samta Energy
The solar plant is purportedly located in Gujarat and benefits from supplying power to the state-owned power distribution utility.
Adani Green Energy buys 50% stake in Rajasthan-based solar park developer
The developer’s arm Adani Renewable Energy Holding Two has signed a deal to acquire a 50% stake in Essel Saurya Urja Co. of Rajasthan Ltd (ESUCRL) from Essel Infraprojects Ltd, for INR 15 crore. The remaining 50% equity of ESUCRL will continue to be held by the Government of Rajasthan.
L&T sells stake in L&T IDPL
The Indian multinational EPC provider has sold its 51% stake in L&T Infrastructure Development Projects to a platform backed by Edelweiss Alternatives.
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.
SunEdison changes its name to Refex Renewables & Infrastructure
Tamil Nadu-headquartered SunEdison Infrastructure Ltd will now be known as Refex Renewables & Infrastructure Ltd.
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.
