AMSTERDAM – Tata Steel IJmuiden B.V., a wholly owned subsidiary of Tata Steel Limited, has signed a Share Purchase Agreement with Vattenfall Power Generation Netherlands B.V. to acquire full ownership of LAG Velsen B.V., a new entity that will house three key power plants in the Netherlands. The deal, finalized on November 14, 2025, is…
Tag: Renewable energy
New Sources Energy, Conduit Ventures sign MoU for strategic renewable energy collaboration
AMSTERDAM: New Sources Energy N.V. (NSE) and Conduit Ventures Ltd. (CV) said on Thursday they have signed a memorandum of understanding to form an exclusive strategic partnership aimed at jointly financing and developing renewable energy and energy efficiency projects. The collaboration will combine private and public equity mechanisms to support portfolio companies in the energy…
Turnspire Capital Partners acquires LifeLine Foods and ICM Biofuels, forms The LifeLine Group
NEW YORK: Turnspire Capital Partners LLC announced Monday that an affiliate has acquired LifeLine Foods LLC and ICM Biofuels LLC and will combine them under a new entity, The LifeLine Group. The food business will continue to operate as LifeLine Foods, while the biofuels operation will be rebranded as LifeLine Biofuels. Turnspire’s partner in the formation…
AGL Energy sells 19.9% stake in Tilt Renewables to QIC-led group for A$750 million
SYDNEY: AGL Energy Ltd (AGL.AX) said on Monday it will divest 19.9% of its 20% equity stake in Tilt Renewables to a consortium led by Queensland Investment Corporation (QIC) and the Future Fund for A$750 million ($480 million), in a move to recycle capital and support future growth. The transaction, expected to close by the…
Kansai Electric buys 80% stake in Simply Blue Energy
LONDON: Simply Blue Holdings, has signed a share subscription agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd, Simply Blue Group’s offshore wind development arm. The transaction follows the recent carve-out of Simply Blue’s sustainable fuels business into a newly formed entity, Nova Scotia Fuels, and represents…
First Solar Inc.net sales surge 45.4% to $1.6 billion for third quarter of 2025
TEMPRE – First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the third quarter ended September 30, 2025, and updated its 2025 guidance. Net sales for the third quarter were $1.6 billion, an increase of $0.5 billion from the prior quarter. The increase in net sales was primarily due to an increase in the…
Chariot, ACWA Power sign MoU for southern Africa sustainable energy venture
LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy, battery…
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
Octopus Renewables Infrastructure Trust announces sale of interest in HYRO Energy Limited
LONDON: Octopus Renewables Infrastructure Trust plc, the diversified renewables infrastructure company, today announces it has completed the sale of its entire interest in HYRO Energy Limited (“HYRO”), a UK-based green hydrogen and e-fuels development platform, for a total expected consideration of £4.6 million, in line with the Company’s latest holding value of HYRO. ORIT’s 25%…
Skycorp Solar Group to acquire 24% stake in Nanjing Cesun Power for $8.7 million
KARACHI: Skycorp Solar Group Limited (NASDAQ: PN), a manufacturer of solar cables and connectors, said Tuesday it has signed a definitive agreement to acquire a 24% equity interest in Nanjing Cesun Power Co., Ltd. for approximately $8.7 million. The stake will be purchased from Skyline Tech Limited through the issuance of 12 million Class B…
Magnora ASA enters Norwegian data centre market with strategic stake in Storespeed AS
OSLO: Magnora ASA has entered the Norwegian data centre market through the acquisition of a majority stake in Storespeed AS, a Norwegian data centre operator, in partnership with Blix Group AS owner of Blix Solutions AS, a sustainable Norwegian data center operator. The investment marks Magnora’s entry into the rapidly expanding data centre industry, driven…
Active Energy Group signs heads of terms for 300 MW UAE renewable infrastructure pipeline
ABU DHABI: Active Energy Group plc (AEG), a UK-based alternative energy company, announced Wednesday it has signed Heads of Terms with a third-party for the initial phase of its 300-megawatt renewable infrastructure pipeline in the United Arab Emirates. Construction has begun on the first 8 MW of capacity, with completion targeted for January 2026. AEG…