Engie acquired 90% interest in Simpa Energy India for an undisclosed sum.
Simpa Energy India will also receive funding from Engie to expand its geographic reach and advance its growth.
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The acquisition is part of Engie’s strategy to generate power through decentralisation, decarbonisation and digitalisation.
Based in France, Engie is an energy services provider, while Simpa Energy India is a rural rooftop solar services provider.
Innogy is in talks with SSE to revise terms of their merger agreement signed in November 2017.
Innogy planned to combine its retail business in the UK, named Npower, with SSE’s energy services business. The deal was approved by the UK Competition and Markets Authority in October 2018.
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By GlobalDataRevision of the merger agreement is being undertaken following the adverse market conditions in the UK and regulatory interventions. The discussion on changes to the terms of the deal is expected to be finalised in the first quarter of 2019.
Innogy will own 34.4% stake in the entity.
Based in Germany, Innogy is a subsidiary of the German energy company RWE, while SSE is an electricity provider in the UK.
Renascent Power Ventures Private has entered a share purchase agreement with a group of lenders by the State Bank of India to purchase 75.01% interest in Prayagraj Power Generation Company (PPGC).
PPGC is owner and operator of a 1,980MW power plant located in Uttar Pradesh, India.
The agreement is subject to regulatory approvals and is expected to be closed over the next few months.
Renascent Power Ventures Private is a subsidiary of Resurgent Power, which is a joint venture (JV) between Tata Power International, ICICI Bank, and other global investors including State General Reserve Fund and Oman & Kuwait Investment Authority. The JV was set up for the acquisition of assets in the Indian power industry.
State Bank of India is one of the leading public sector banks of India.
Willdan Group has completed its previously announced acquisition of Lime Energy.
Willdan acquired all of Lime Energy’s outstanding shares of capital stock for $120m in cash, excluding customary holdbacks and other adjustments.
Based in the US, Willdan Group is a provider of energy and engineering solutions, while Lime Energy is an energy solutions provider.
