In Short : Premier Energies will acquire a 51% stake in Transcon Industries for ₹500 crore, reinforcing its position in India’s renewable energy market. The strategic acquisition aims to boost manufacturing capacity, technological innovation, and operational efficiency. This move supports Premier Energies’ long-term vision to expand its footprint in the solar and clean energy sector […]
POWERGRID Acquires MEL Power Transmission Ltd to Boost Madhya Pradesh Transmission Infra via TBCB Route – EQ
In Short : POWERGRID has acquired MEL Power Transmission Ltd from PFC Consulting for ₹558 crore under the TBCB route. The project aims to evacuate power from Mahan Energen’s 2×600 MW plant in Madhya Pradesh via a 400 kV transmission line. This move enhances grid reliability and supports POWERGRID’s mission to expand India’s power infrastructure […]
Actis acquires 100% of Stride Climate Investments from Macquarie Group – EQ
In Short : Actis has acquired 100% of Stride Climate Investments from Macquarie Group, gaining 371 MW of operational solar assets across seven Indian states. The portfolio includes long-term power purchase agreements with government and private entities. This acquisition strengthens Actis’s renewable energy presence in India, aligning with its strategy to expand sustainable infrastructure and […]
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore – EQ
In Short : A consortium of three power companies has acquired Karvy Data Management Services for ₹159 crore. This strategic acquisition aims to leverage Karvy’s data management expertise to enhance operational efficiencies and customer service within the power sector. The deal underscores the growing importance of data-driven solutions in optimizing energy distribution and management. In […]
JSW Neo Energy acquires 4.7 GW RE platform from O2 Power Pooling for ₹12,468 crore – EQ
In Short : JSW Neo Energy has acquired a 4.7 GW renewable energy platform from O2 Power Pooling for ₹12,468 crore. This strategic acquisition strengthens JSW Neo’s position in the clean energy sector, expanding its renewable capacity. The deal reflects the growing demand for sustainable energy solutions and supports India’s transition towards a greener energy […]
JSW acquires 45 MW green energy capacity from RIL -EQ
In Short : JSW has obtained 45 MW of green energy capacity from RIL, marking a significant acquisition in renewable resources. This move underscores the commitment to sustainable practices and strengthens the company’s position in the energy sector. In Detail : JSW Renewable Energy (Coated) Limited, a wholly-owned subsidiary of JSW Neo Energy Limited, has agreed […]
PetroChina Acquires EV Charging Company Potevio New Energy – EQ
PetroChina has acquired 100 percent of electric vehicle (EV) charging firm Potevio New Energy in the latest lower-carbon investment by China’s top oil and gas company, parent CNPC said on Friday. Set up in 2010, Potevio New Energy was among China’s first state-owned companies engaged in EV charging network building and operations. It ran 50,000 […]
GPS Renewables acquires Germany-based Proweps Envirotech – EQ Mag
As per an official statement, the acquisition of Proweps further solidifies GPS Renewables’ position as a leading global full stack biofuels firm GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste and agri-residue for […]
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC – EQ Mag
The project entails the construction of a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. Sterlite Power, a power transmission developer and solutions provider in India and Brazil, has announced the acquisition of Fatehgarh III Beawar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL). PFCCL, a wholly owned […]
Electricity: TotalEnergies acquires all of Total Eren after five years of a fruitful strategic partnership – EQ Mag
Paris : Continuing its profitable growth in renewable electricity, TotalEnergies announces today the acquisition of the entire capital of Total Eren, thus increasing its stake from nearly 30% to 100%. The Total Eren teams will be fully integrated within the Renewables business unit of TotalEnergies. This operation follows the strategic agreement concluded between the two […]
