Refex allots 1.1 million shares to SunEdison for $1.75 million
The company’s Board of Directors has approved the allotment of preferential shares to SunEdison for INR 14.4 crore ($1.75 million).
Reliance New Energy to invest in perovskite solar startup Caelux
The new energy arm of Reliance Industries has signed the agreement to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million. The investment will accelerate Caelux’ product development and commercialization.
Waaree Renewable Technologies to merge three arms
The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.
Reliance Industries to acquire majority stake in SenseHawk
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.
Sembcorp to sell Indian unit
Singapore-headquartered Sembcorp Industries (Sembcorp) has signed an agreement to sell Sembcorp Energy India to Tanweer Infrastructure for $2.1 billion. It said the proposed sale will accelerate the transformation of its portfolio from brown to green.
Virescent to acquire 100 MW of operating solar assets from Jakson
Virescent, a KKR-backed renewable energy platform in India, will acquire Jakson’s 100 MWp of operational solar assets in Uttar Pradesh and Rajasthan.
O2 Power acquires 55 MW of operational solar assets from Emmvee
The Indian renewable energy producer has acquired 55 MW of operating solar assets from module manufacturer Emmvee. The capacity includes 40 MW of utility-scale PV plants in Karnataka and 15 MW of commercial scale in Telangana.
JSW Energy to acquire 1.7 GW of operational renewables from Mytrah Energy
JSW Energy, a private-sector power producer, has revealed that its green energy arm has signed an agreement to acquire 1.33 GW of wind and 422 MW of solar assets from Mytrah Energy. The assets are spread across nine states in India.
Shell completes acquisition of Sprng Energy
Shell has completed the $1.55 billion acquisition of Solenergi Power, an Actis company holding 100% of Indian renewables developer Sprng Energy.
TotalEnergies to acquire 25% stake in Adani’s green hydrogen unit
France’s TotalEnergies has signed an agreement with Adani Enterprises to acquire 25% of its new energy arm, Adani New Industries Ltd. The joint venture platform, ANIL, will be integrated across the value chain to drive down green hydrogen production costs. It aims to develop a green hydrogen production capacity of 1 million tons per annum by 2030.
