Shell Australia has started construction on its first industrial-scale solar project in Australia – the 120MW Gangarri solar farm near Wandoan in central Queensland. The solar farm will be powered by approximately 400,000 photovoltaic panels. It is expected to create 200 new jobs during the construction period and is scheduled to be completed early next year. […]
CenterState, South State merger : CenterState Bank’s parent company CenterState Bank Corporation and South State Bank’s holding company South State Corporation have signed an all-stock merger of equals deal to create the eight largest bank headquartered in the US Southeast with a total market value of nearly $6 billion. According to the terms of the […]
Fluor Corporation has bagged a contract to provide project management consultancy services (PMC services) for the Polyols Petrochemical Project in Kerala, India from Bharat Petroleum Corporation (BPCL). BPCL is developing a polyols manufacturing project at its existing refinery and petrochemicals complex at Ambalamugal, near Kochi (BPCL Kochi Refinery) with an investment of INR11,300 crore ($160 million), […]
Avangrid Renewables, a subsidiary of Avangrid, has begun the commercial operations of the 307MW Karankawa Wind Farm in Texas, taking the company’s wind portfolio in the US state to 1.2GW. The Karankawa wind project, which is located across the San Patricio and Bee counties in southern Texas, spans over 18,000 acres of land. The Avangrid wind […]
Worldline acquisition of Ingenico : European payments company Worldline has signed a stock-cum-cash deal worth €7.8 billion to acquire rival French payment services firm Ingenico. The two French payment companies plan to merge with an aim to capture the fourth place in the world for payment services. The merged payment services company will have about […]
The Nordic Investment Bank (NIB) has approved a 10-year loan to Norwegian energy group Agder Energi to increase hydropower efficiency and install a new turbine at an existing hydro power plant in Agder, Norway. The NOK600 million (€59.39 million) loan will be used for renewing the Åseral Nord hydropower project located along the Mandal watercourse. The […]
ServiceNow acquisition of Passage AI : US cloud computing company ServiceNow has agreed to acquire Passage AI, an artificial intelligence (AI) start-up company based in Mountain View, California which provides conversational AI-enabled interfaces. Financial terms of the deal were not disclosed. Established in 2016 by CEO Ravi N. Raj, CTO Madhu Mathihalli and CTO Mitul Tiwari, Passage […]
Crédit Agricole Group has agreed to acquire a majority stake in French fintech company Linxo Group in a move to strengthen its position in digital payment services. Established in 2010, Linxo Group has been engaged in bank data aggregation and payment initiation in the French market. The fintech company serves banking and insurance start-ups with […]
City of Hope Newport Beach : City of Hope, a National Cancer Institute-designated comprehensive cancer center, has inaugurated its first location in Orange County at Newport Beach, California. The new cancer treatment center which is located at 1601 Avocado Avenue, is said to have the latest customized therapies and highly specialized physicians to provide medical […]
An investor consortium led by funds managed by Stone Point Capital and Further Global has struck a $4.2 billion deal to acquire financial consultancy firm Duff & Phelps from Permira funds and others. As per the terms of the deal, Permira funds will retain a significant minority stake in Duff & Phelps, which is engaged […]