Shell, Statkraft bid to buy Continuum Wind Energy Ltd
Royal Dutch Shell and Norwegian utility Statkraft are bidding to buy Indian renewables operator Continuum Wind Energy Ltd. The two are among a clutch of interested parties to submit non-binding bids for Continuum, currently owned by a fund managed by Morgan Stanley.
Continuum Wind has over 700 MW of operating wind farms and a 1,700 MW project pipeline, with assets spread across Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh, and Telangana.
Shell and Statkraft had been shortlisted for the next round.
Country updates
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June 24, 2019
Tata Power to develop the 100 MW solar PV project in Gujarat
Tata Power Renewable Energy Ltd (TPREL) has been awarded the development a 100 MW solar power project in Raghanesda Solar Park of Gujarat in India. The power generated from the project will be...
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June 21, 2019
NLC India commissions 100 MW solar project
NLC India Ltd. has announced in a regulatory filing that it has commissioned a 100 MW solar photovoltaic power plant in the state of Tamil Nadu. The project has been awarded to NLC India by Tamil Nad...
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June 19, 2019
Greenko raises fund for 2.4 GW of storage projects
Renewable energy company Greenko Energy Holdings has signed definitive agreements for a primary equity funding of US$495 million from an affiliate of GIC and an entity owned by the Abu Dhabi Investmen...
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June 18, 2019
Reliance, BP to develop third offshore gas project in India
Reliance Industries Limited (RIL) and BP has announced the sanction of the MJ project (also known as D55) in Block KG D6, off the east coast of India. MJ is the third of three new projects in the Blo...
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June 17, 2019
Edelweiss completes purchase of Indian transmission assets
Sekura Energy Ltd, a company owned by Edelweiss Infrastructure Yield Plus fund, has completed the purchase of two transmission assets owned by Essel Infraprojects - Darbhanga-Motihari Transmission Ltd...
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