Utpal Bhaskar

Norway wealth fund’s move to drop oil investments may impact Indian firms

Norway GPFG has invested $658 million in RIL ($485.19 million), ONGC ($108.74 million), Indian Oil ($61.6 million) and Oil India ($2.03 million).

Actis plans new firm to house all renewable energy assets in India

Actis will likely accommodate the solar projects of Essel Group in the new firm that the private equity fund plans to acquire in a deal valued at around $600 million.

Hero Future in talks to buy Fotowatio’s solar project in India

India’s renewable energy space has also seen consolidation in the backdrop of considerable overseas interest.

Petronas in talks to acquire majority stake in Indian solar firm Amplus for $380m

Norway’s Statoil ASA, France’s Total SA and Royal Dutch Shell Plc have also shown interest in investing in Amplus that has set up 350 megawatts of capacity across India.

Leap Green eyes funding from China, Japan, SE Asia for its clean energy biz

Leap Green’s effort to raise funds comes at a time when the Indian renewable energy space is witnessing growing consolidation,

Macquarie, CLP in race to acquire PTC India wind power assets

PTC India Ltd’s wind power business may be valued at around ₹2,000 crore.

SBI Caps, EY, KPMG in race for advisory roles ahead of power PSU acquisitions

The firms will make presentations before the Department of Investment and Public Asset Management for the role of M&A adviser.

Former Ostro Energy executives seek $100m for renewable energy platform

India has emerged as one of the most favourable destinations for renewable energy with investments of about $42 billion. Over the next four years, the green energy sector has a business potential of $70-80 billion.

IL&FS puts wind energy unit on the block, mandates HSBC to find buyer

The process to sell one of India’s largest wind energy platforms was initiated after a plan to merge Orient Green Power Co. Ltd’s (OGPL) wind power business with IL&FS Wind Energy fell through.

India: Greenko joins race to acquire Skeiron Renewable at valuation of $473m

Greenko group is also reportedly looking to buy Orange Renewable from Singapore’s AT Capital Group.