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.
JSW Energy acquires O2 Power
JSW Energy Ltd has acquired O2 Power, a 4.7 GW renewable energy platform, at an enterprise value of INR 12,468 crore ($1.47 billion).
Brookfield acquires controlling stake in Leap Green Energy
Brookfield will initially make an equity investment of over $200 million in Leap Green Energy, through subscription of new shares and acquisition of shares from current shareholders. It may infuse further $350 million of incremental equity capital to support Leap Green’s future growth in renewable energy solutions for the commercial and industrial sector.
Amara Raja increases stake in InoBat to 9.32%
Amara Raja Energy & Mobility has increased its stake in EV battery specialist InoBat to 9.32% with a further investment of EUR 20 million into the company.
Aerem acquires Spinkraft
Aerem Solutions, a solar fintech company in India, has entered into a definitive agreement to acquire solar equipment distributor Spinkraft Ventures.
Reliance completes sale of REC’s polysilicon manufacturing unit
Reliance Industries Ltd (RIL) has completed sale of REC Solar Holdings’ kerf-based polysilicon manufacturing arm, REC Solar Norway, to Elkem ASA. It continues to retain the technology and intellectual property rights of kerf-based polysilicon post sale of REC Solar Norway.
Adani Energy Solutions completes acquisition of Essar’s operational Mahan-Sipat transmission assets
Adani Energy Solutions Ltd (AESL) has acquired Essar’s operational Mahan-Sipat transmission assets for an enterprise value of INR 1,900 crore. This acquisition will add 673 ckt km, 400 kV inter-state transmission line, taking AESL’s cumulative network to more than 21,000 ckt km.
Himadri Speciality Chemical acquires 40% stake in Invati Creations
Himadri Speciality Chemical has acquired 40% stake in Invati Creations, a company focused on engineering Lithium-ion electrode materials. The acquisition was done for a consideration of INR 45.16 crore.
BluPine Energy acquires 369 MW of solar assets from Acme Group
BluPine Energy has acquired Acme Group’s 369 MW of solar power assets in Uttarakhand, Punjab, and Karnataka.
