Sembcorp to sell Indian unit
Singapore-headquartered Sembcorp Industries (Sembcorp) has signed an agreement to sell Sembcorp Energy India to Tanweer Infrastructure for $2.1 billion. It said the proposed sale will accelerate the transformation of its portfolio from brown to green.
Virescent to acquire 100 MW of operating solar assets from Jakson
Virescent, a KKR-backed renewable energy platform in India, will acquire Jakson’s 100 MWp of operational solar assets in Uttar Pradesh and Rajasthan.
O2 Power acquires 55 MW of operational solar assets from Emmvee
The Indian renewable energy producer has acquired 55 MW of operating solar assets from module manufacturer Emmvee. The capacity includes 40 MW of utility-scale PV plants in Karnataka and 15 MW of commercial scale in Telangana.
JSW Energy to acquire 1.7 GW of operational renewables from Mytrah Energy
JSW Energy, a private-sector power producer, has revealed that its green energy arm has signed an agreement to acquire 1.33 GW of wind and 422 MW of solar assets from Mytrah Energy. The assets are spread across nine states in India.
Shell completes acquisition of Sprng Energy
Shell has completed the $1.55 billion acquisition of Solenergi Power, an Actis company holding 100% of Indian renewables developer Sprng Energy.
TotalEnergies to acquire 25% stake in Adani’s green hydrogen unit
France’s TotalEnergies has signed an agreement with Adani Enterprises to acquire 25% of its new energy arm, Adani New Industries Ltd. The joint venture platform, ANIL, will be integrated across the value chain to drive down green hydrogen production costs. It aims to develop a green hydrogen production capacity of 1 million tons per annum by 2030.
Torrent Power acquires 50 MW solar plant from SkyPower
Torrent Power has bought a 50 MW solar plant in Telangana that supplies power to Northern Power Distribution at a tariff of about INR 5.35 ($0.069)/kWh, fixed for the entire 25-year duration of the power purchase agreement. The project has a remaining useful lifetime of about 20 years.
Waaree gets NCLT nod for Indosolar acquisition
India’s National Company Law Tribunal (NCLT) has approved Waaree’s acquisition of Indosolar, in a deal that will expand its planned PV cell production capacity from 4 GW to 5.4 GW, while complementing its upcoming foray into module manufacturing.
Shell to acquire Sprng Energy
Shell has signed the agreement to acquire Solenergi Power, an Actis company owning 100% of Indian developer Sprng Energy. The transaction, valued at $1.55 billion, is expected to close later this year.
Linde raises 26% stake in 32.5 MW solar plant for self-consumption
The captive solar plant is developed by Avaada Group through a special purpose vehicle called Avaada MHYavat. The solar electricity generated will power energy-intensive air-separation operations of the industrial gas producer.
