Energy acquisition news : The Renewables Infrastructure Group (TRIG), a British investment trust has entered into the $1.8 billion worth Sheringham Shoal offshore wind farm in the UK North Sea by buying a stake of 14.7% from investment manager Equitix for a sum of about £80 million. The investment from TRIG will represent an indirect […]
Energy acquisition news : A consortium featuring China Resources has agreed to buy Norwegian hydropower company Statkraft’s 30% stake in the 402MW Dudgeon offshore wind farm off the Norfolk coast in the UK for a sum of £555 million. A state-owned conglomerate, China Resources has operations across the power, gas, consumer products, pharmaceuticals and other […]
Energy acquisition news : US-based global power generation firm InterGen has reached a deal to sell its Mexican energy assets, including 2.35GW of power generation capacity, to investment company Actis for $1.256 billion. The power generation assets that are primarily included in the transaction are six combined-cycle gas turbine projects with a total capacity of […]
Energy acquisition news : AWE, an Australian oil and gas company has agreed to a sweetened takeover proposal of AUD 526 million ($403 million) from mining services provider Mineral Resources Limited (MRL). AWE, in this connection, has entered into a binding scheme implementation deed with Mineral Resources to endorse the merger proposal. Founded in 1997, […]
Energy acquisition news : Adani Transmission Limited has struck a deal to acquire Reliance Energy, the integrated Mumbai power business of Reliance Infrastructure (RInfra) for Rs 18,800 crore ($2.9 billion). Valued at Rs12,101 crore ($1.9 billion), Reliance Energy will bring along with it regulatory approved assets in the transaction which are worth about Rs 1,150crore […]
Energy acquisition news : Statkraft, a hydropower company owned by the Norway government, has reached a deal worth £558 million to divest its 40% stake in the 316.8MW Sheringham Shoal offshore wind project in the United Kingdom to Equitix, a London-based private equity firm. The Sheringham Shoal wind farm, which broke ground in 2009, is […]
Energy acquisition news : US oil companies Talos Energy and Stone Energy have reached a deal to combine into an offshore-focused exploration and production company with an enterprise value of $2.5 billion. Texas-based Talos Energy will acquire Stone Energy which is based in Louisiana in what will be an all-stock transaction, as per the latest […]