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Ola Electric acquires Etergo, plans to launch own two-wheeler next year

By : Sustainability ..., May 27, 2020

Ola Electric has acquired Amsterdam-based electric scooter manufacturer Etergo as it looks to launch its own two-wheelers globally next year. These scooters will be manufactured in India. While Ola did not disclose the deal value, Etergo has raised about $23.3 million to date...

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KKR, Actis Vie for 400-MW solar assets of Azure Power; Rs 1,600 cr deal size likely

By : Sustainability ..., May 18, 2020

KKR, Actis, Edelweiss Infrastructure and Ayana Renewable Power are in early talks to acquire about 400 megawatt solar energy projects in Rajasthan and Assam from Azure Power Global, multiple people aware of the development said. They pegged the deal size at ₹1,600-1,700 crore...

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NTPC set to expand green energy play with latest acquisitions

By : Sustainability ..., Apr 2, 2020

NTPC will increase its renewable energy play with its acquisition of the government’s stake in North Eastern Electric Power Corporation Ltd (NEEPCO) and THDC India Ltd (THDCIL). Last week, the Centre raised ₹11,500 crore by divesting its 74.49 per cent stake in THDCIL, in...

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Greaves Cotton completes acquisition of Ampere Vehicles

By : Sustainability ..., Nov 15, 2019

Engineering firm Greaves Cotton Ltd on Thursday said it has increased its stake in Coimbatore-based Ampere Vehicles making the completion of the acquisition. Greaves Cotton announced the completion of the acquisition of entire shareholding of Ampere Vehicles CEO, Hemalatha...

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SolarEdge increased revenue 54% in 2018 as strong demand set to continue

By : Sustainability ..., Feb 22, 2019

Major PV inverter and smart energy manufacturer SolarEdge Technologies has reported record fourth quarter and full-year 2018 revenue, which increased by 54.4%, due to strong product demand. ...

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PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC deal

By : Sustainability ..., Dec 14, 2018

State-run Power Finance Corp (PFC) plans to fund its acquisition of REC by borrowing Rs 7,000 crore from domestic banks, for which negotiations have begun, and is likely to moderate its dividend...

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ENGIE acquires controlling stake in Simpa Energy India

By : Sustainability ..., Nov 14, 2018

Energy services group ENGIE Tuesday announced that it has acquired a controlling stake in Simpa Energy India Pvt Ltd and is investing to fund geographic expansion and accelerate growth. The move...

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JSW Energy to revive 240 MW hydro project, eyes acquisitions

By : Sustainability ..., Oct 30, 2018

Sajjan Jindal-led JSW Energy, that is reviving an old hydropower project plan and is scouting for acquisitions, has warned that the sector needs immediate attention as problems have crippled new...

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ThomasLloyd acquires stake in SolarArise

By : Sustainability ..., Oct 11, 2018

European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects Pvt. Ltd, marking its first transaction in the country....

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Greenko plans to buy Skeiron in Rs 3,500 crore deal

By : Sustainability ..., Oct 9, 2018

The Greenko group, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, is in talks with Skeiron Renewable Energy to acquire 385 megawatt (MW) of wind...

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