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.
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.
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.
