RattanIndia forays into electric vehicle space
The private-sector power producer is investing an aggregate INR 150-crore amount into Revolt Intellicorp, a next-generation electric mobility company, as part of its strategy to diversify into new business avenues.
Indian firm purchases American hydrogen cylinder maker Catalina Composites
New Delhi-headquartered Uttam Group of Companies has purchased California-based Catalina Composites as it sees a surge in demand for clean energy solutions, including hydrogen. The company will invest at least $20 million in staff, equipment, and research and development of high-pressure cylinder production for hydrogen and compressed natural gas.
Amplus acquires rooftop solar projects from Sterling and Wilson
The Gurugram-headquartered distributed solar energy company has acquired Sterling and Wilson’s 7.2 MWp of on-site rooftop solar projects across seven Indian states.
Azure Power sells 152 MW solar rooftop portfolio to Radiance Renewables
The New Delhi-based developer has agreed to sell its 152 MW of solar rooftop portfolio for INR 536.5 crore (US$ 73.5 million) as it focuses on capital discipline and improving shareholder returns.
Adani Green acquires 20 MW solar assets from Hindustan Power
Following 75 MW solar assets in Telangana, Adani Green Energy has completed the acquisition of 20 MW PV assets in Uttar Pradesh for INR 133 crore.
Edelweiss Infrastructure acquires 74% stake in Engie’s India solar assets
The Mumbai-based investor has concluded acquiring a controlling stake in Engie’s 813 MWp operating solar capacity in India. It will also acquire 2 GW of solar assets to be developed by the French energy major over the next couple of years.
Adani Green to buy Sterling & Wilson’s 75 MW Telangana solar assets
Adani Green Energy has signed an agreement with Sterling & Wilson to acquire its 75 MW of operating solar projects for around INR 446 crore. The projects are located in Telangana.
Adani Green to acquire Canadian developer SkyPower Global’s 50 MW solar asset in India
The Indian developer has signed an agreement with the Canadian developer to acquire its 50 MW Telangana solar project at an enterprise value of around INR 317 crore.
Siemens completes the acquisition of C&S Electric in India
Siemens has acquired C&S Electric’s around 99.22% equity share capital for INR 2,100 crore. The acquisition will allow it to address the rising demand for low-voltage power distribution solutions in India. Apart from gaining easy access to the Indian market, the transaction also aims to create an export hub.
ReNew Power to merge with US firm for NASDAQ listing
Proceeds from the transaction with RMG Acquisition will be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity and to reduce debt.
