In an attempt to its monetise assets, the bankrupt IL&FS group has put its 2,880-acres of non-contiguous land banks spread across seven villages in the Kutch region of Gujarat for sale. The company has invited expressions of interest from interested parties for selling the land parcels owned by three subsidiaries of IL&FS Group in the […]
RPT-Ardian close to buying Cerberus-owned wind farms in Spain- sources
MADRID: French investment fund Ardian is close to buying wind farms from Spanish renewables group Renovalia in a 550 million euro ($617.87 million) deal, two sources with knowledge of the deal said, marking a move into green energy where buyer interest is hotting up. Renovalia has been owned by U.S. private equity fund Cerberus since […]
EDPR announces an €800 million Asset Rotation deal for wind farms in Europe
EDP Renewables a global leader in the renewable energy sector and one of the largest wind energy producers in the world, signed a Sale and Purchase Agreement with institutional investors advised by JP Morgan Asset Management to sell EDPR’s full equity shareholding and outstanding shareholder loans in an operating onshore wind portfolio with 997 MW […]
Norway OKs wealth fund investments in unlisted green energy
Currently 66.3 percent of the fund is invested in shares, 30.7 percent in bonds, and three percent in real estate. Oslo: Norway’s sovereign wealth fund, the world’s biggest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind farms and solar parks, the government said […]