Havells invests INR 600 crore in Goldi Solar
Havells India Ltd has signed binding term sheet to invest INR 600 crore in Surat-based PV module manufacturer Goldi Solar (Goldi). As part of conditions precedent to the transaction, Havells will enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
JSW Energy completes acquisition of O2 Power
JSW Energy has completed the acquisition of 4.7 GW renewable energy platform O2 Power at an enterprise valuation of around INR 12,468 crore.
ONGC NTPC Green completes acquisition of Ayana Renewable Power
ONGC NTPC Green has completed the acquisition of 100% equity stake in Ayana Renewable Power, a renewable energy platform with a portfolio of around 4,112 MW in India.
Brookfield sells 1.6 GW of solar, wind assets in India to Gentari
Brookfield has announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India (Gentari). The first-phase sale of 1 GW of operating assets is already complete.
Gensol Engineering to sell US arm Scorpius Trackers for INR 350 crore
Gensol Engineering has signed a non-binding term sheet to sell its US arm Scorpius Trackers to a major renewable energy solutions provider in the US.
ONGC NTPC Green acquires Ayana Renewable Power
ONGC NTPC Green, a joint venture of ONGC Green and NTPC Green Energy, has signed the agreement to acquire a 100% equity stake in Ayana Renewable Power (Ayana) for INR 195 billion ($2.3 billion).
How Gujarat is balancing industrial and environmental goals
Gujarat’s commitment to balancing industrial growth with environmental sustainability is a model for other states to follow. By harnessing solar energy, advancing green hydrogen production, and promoting energy storage technologies, the state is building a robust framework for a sustainable future.
BC Jindal Group’s JIRE eyes operational asset acquisitions to achieve 5 GW renewable energy target
BC Jindal Group’s renewable energy arm, Jindal India Renewable Energy (JIRE), is looking to expand its RE capacity by acquiring operational assets in India and globally. The acquisitions will be funded through a mix of internal accruals and debt.
Waaree Energies acquires Enel Green Power’s India arm
Waaree Energies Ltd has signed a definitive agreement to acquire 100% of Enel Green Power India (EGP India) for INR 792 crore.
CCI approves Gentari Renewables India’s acquisition of 21 SPVs
The target entities are engaged in generation and sale of power through wind turbine and solar power plants.
