In Short : British International Investment (BII) is seeking approval from India’s Competition Commission to acquire a minority stake in ReNew Photovoltaics. The \$100 million investment will support ReNew’s expansion of its solar manufacturing capacity, including a 4 GW TOPCon cell facility in Gujarat. This move aims to boost India’s clean energy production, strengthen domestic […]
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa’s wind biz – EQ
In Short : A TPG-led consortium, including Mavco Investments and former JSW Energy CEO Prashant Jain, has sought Competition Commission of India approval to acquire Siemens Gamesa’s onshore wind business in India and Sri Lanka. The deal covers manufacturing, assembly, operation, and maintenance of wind turbines, with Siemens Gamesa retaining a 10% stake in the […]