American Electric Power subsidiary Southwestern Electric Power Company announced plans to acquire three renewable energy projects totaling 999 MW. If approved by regulators, the projects would represent a $2.2 billion investment. SWEPCO expects to issue another request for proposal (RFP) in the near term for additional renewable energy consistent with the company’s integrated resource plan […]
Waaree Energies gets NCLT approval to acquire Indosolar – EQ Mag Pro
“Waaree Energies Ltd has received the approval from the National Company Law Tribunal, Delhi Bench (NCLT) on April 21, 2022, for the resolution plan submitted by it towards the acquisition of Indosolar Ltd, a manufacturer of solar cells, under the corporate insolvency resolution process (CIRP) initiated by the lenders of Indosolar Ltd under the Insolvency […]
Swan Energy to acquire 75% stake in Veritas India for ₹260.35 crore – EQ Mag Pro
Veritas (India) is a group company of Groupe Veritas, a diversified multinational business group with presence in international trade and distribution, infrastructure and logistics, alternate fuel and energy among others. Swan Energy (SEL) said on Sunday it intends to acquire a stake of more than 75% in Veritas (India), a petrochemicals and petroleum products manufacturing […]
Shell to offer to acquire renewable projects in Spain from Q-Energy – EQ Mag Pro
The portfolio includes developing projects with the combined capacity to generate around 3.6GW of clean energy. British oil and gas company Shell is reportedly preparing binding bids to acquire renewable energy assets located in Spain, which are worth €1bn ($1.1bn) in total, from Q-Energy. Reuters reported that in addition to Shell, Naturgy and Austrian electricity […]
Macquarie Asset Management consortium agrees to acquire Reden Solar – EQ Mag Pro
Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, has reached an agreement to acquire Reden Solar from InfraVia Capital Partners and Eurazeo for an enterprise value of €2.5 billion. Reden Solar develops, finances, builds and operates solar power plants across Europe and Latin America, with a 762 MW […]
Adani Green Energy To Acquire SB Energy’s 5 GW India Renewable Power Portfolio For A Fully Completed EV Of USD 3.5 Billion
Adani Green Energy To Acquire SB Energy’s 5 GW India Renewable Power Portfolio For A Fully Completed EV Of USD 3.5 Billion – India’s Largest Renewables M&A Transaction EDITOR SYNOPSIS: • AGEL has signed definitive agreements for 100% acquisition of SB Energy Holdings Limited (“SB Energy India”). SB Energy India is a joint venture between Japan-based […]