Acquisition

Sunrun Completes Acquisition of Vivint Solar Creating 3 GW Conglomerate

Sunrun has announced that it has completed its acquisition of Vivint Solar which was initially announced on July 6, 2020. Sunrun, a leading provider of residential solar, battery storage and energy services, has announced that it has completed its acquisition of Vivint Solar which was initially announced on July 6, 2020. This follows approval by […]

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C&S Electric Acquisition by Siemens Limited Approved by CCI

CCI has approved the proposed acquisition of 100 percent of the share capital of C&S Electric Limited by Siemens Limited. The Competition Commission of India (CCI) on August 20, 2020, has approved the proposed acquisition of C&S Electric Limited by Siemens Limited (Siemens India). The proposed combination envisages the acquisition of 100 percent of the […]

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SJVN Looking to Acquire Hydro and Solar PV Projects

An EOI has been issued by SJVN The Satluj Jal Vidyut Nigam (SJVN), a joint venture of Government of India and the Government of Himachal Pradesh, is on the lookout for solar PV and hydropower projects for acquisition. With this, SJVN becomes second government agency after NTPC to go for acquisition recently for expansion. SJVN […]

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Siemens Gamesa Begins Negotiations for Senvion’s European Assets

Siemens Gamesa has won the exclusive rights to negotiate the acquisition of selected services and onshore assets in Europe from Senvion. Siemens Gamesa Renewable Energy has announced that it has won the exclusive rights to negotiate the acquisition of selected services and onshore assets in Europe from debt-laden German wind turbine maker Senvion SE. Senvion […]

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EDF Renewables Acquires 300 MW Wind Projects Pipeline in Germany

EDF Renewables has acquired a wind projects pipeline of around 300 MW which is currently under development across Germany from Altus AG The renewables arm of French power utility EDF, EDF Renewables has announced that it has acquired a wind projects pipeline of around 300 MW which is currently under development across Germany from Altus […]

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Reliance Infra Sells Mumbai Power Portfolio to Adani Transmissions for Rs 18,000 Cr

Reliance Infra and Adani group had signed the pact for 100 per cent stake sale of R-Infra’s integrated business of generation, transmission and distribution of power for Mumbai in December 2017. Adani Group’s Adani Transmission has acquired Reliance Infrastructure’s integrated business of Generation, Transmission and Retail Electricity Distribution in Mumbai. Reliance Infra and Adani group had signed […]

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Adani Green Energy Acquires AGEPtel to Foray Global Investments

AGEPteL has authorised and paid-up share capital of USD2,000 with no turnover as on March 31, 2018. Adani Group’s solar power generation and manufacturing arm, Adani Green Energy has acquired 100 percent stake in Adani Green Energy Pte (AGEPtel) from its group firm Adani Global Pte (AGPte) as per the BSE filing. Launched in March […]

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Greenko’s Equity Raise, Acquisition Credit Positive, says Moody’s Report

Greenko will acquire Orange Renewables Singapore for a total enterprise value of approximately USD 922 million, which has 907 MW of solar and wind assets and pipeline assets of over 500 MW. Backing the renewable energy company’s buyout move, credit rating agency Moody’s Investors Service in its report said that, the acquisition of Orange Renewables […]

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Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion

Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […]

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