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Inox Wind arm sells 51 pc stake in Sri Pavan Energy

By : Sustainability ..., May 26, 2020

Wind turbine maker Inox Wind on Friday said its arm Inox Wind Infrastructure Services has sold its entire 51 per cent stake in Sri Pavan Energy for Rs 5.1 lakh. "Our wholly owned subsidiary, Inox Wind Infrastructure Services Ltd (IWISL) has sold its entire 51 per cent...

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Mahindra Renewables divests its stake in Cleansolar Renewable Energy to CLP India

By : Sustainability ..., Mar 30, 2020

Mahindra & Mahindra announced that Mahindra Renewables (MRPL), a step-down wholly owned subsidiary of the Company, has completed the sale of 96,23,000 equity shares of Rs. 10 each held by MRPL in Cleansolar Renewable Energy (CREPL) aggregating to 100% of the paid-up...

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GAIL in talks to buy stake in ACME Solar Holdings

By : Sustainability ..., Mar 19, 2020

GAIL has entered exclusive discussions to buy a stake in privately owned solar power generator ACME Solar holdings, according to four people aware of the matter. The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar...

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Mahindra Renewables to sell entire stake in 3 arms for nearly Rs 340 cr to CLP

By : Sustainability ..., Feb 25, 2020

Mahindra & Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore. Mahindra Renewables Pvt Ltd (MRPL) has on Friday agreed to sell its...

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ENGIE to reduce share in renewable projects, sell 74% stake to Edelweiss

By : Sustainability ..., Jan 24, 2020

French energy major ENGIE will sell majority stake in solar power projects in India to Edelweiss Infrastructure Yield Plus (EIYP) and its portfolio company Sekura Energy. The company, which operates 1,500 megawatts (MW) of renewable capacity in India will sell 74 per cent...

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Macquarie looks to offload entire stake in Soham Renewable

By : Sustainability ..., Jan 16, 2020

Australian Infrastructure investor Macquarie group is looking to exit Bengaluru-based hydropower developer Soham Renewable Energy India Pvt. Ltd, two people aware of the development said, requesting anonymity.

In November 2011, Macquarie had invested ₹375 crore in...

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SoftBank in talks to sell stake in India's renewable energy venture: Report

By : Sustainability ..., Jan 9, 2020

SoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India's Economic Times daily reported on Thursday. As part of the move, the Japanese technology...

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GIC, ADIA-backed Greenko set to pick up stake in large hydro project

By : Sustainability ..., Jan 8, 2020

Greenko Group, India’s most-funded renewable energy company, is set to acquire a stake in a large hydropower project that was developed in a public-private partnership and has been dogged by controversies, VCCircle has learnt. Hyderabad-based Greenko, backed by Singapore...

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Suzlon Energy completes sale of two arms for INR 99 cr

By : Sustainability ..., Mar 26, 2019

 Suzlon Energy Monday said it has completed sale...

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Petronas in talks to buy a majority stake in Amplus Energy

By : Sustainability ..., Jan 16, 2019

Malaysia’s state-owned oil and gas company, Petroliam Nasional Berhad, or Petronas, is in talks with New York-based I Squared Capital to buy a majority stake in Amplus Energy Solutions Pvt. Ltd...

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