After months of negotiations, Polish state-run utility PGE will to pay French energy group EDF some PLN 4.5 billion ($1.20 billion) for EDF assets in Poland, which includes eight combined heat and power (CHP) plants and the Rybnik power station, Kallanish Energy reports.
British private equity firm, Actis, has purchased 346-megawatt onshore wind capacity in Brazil, through the undisclosed acquisition of two wind farms in the country’s northeast region from local Casa dos Ventos.
Brazil’s oil and gas company Petrobras has invited companies to take part in the bidding process to sell a 100% stake in its onshore Azulão gas field, located in the Amazon Basin, northern Brazil, Kallanish Energy learns.
Malaysia’s state-owned utility TNB has concluded the purchase of a 50% stake in a UK’s 365-megawatt solar photovoltaic portfolio from TerraForm, through its wholly subsidiary Vortex Solar UK, Kallanish Energy learns.
Rumours that ExxonMobil and Petrobras have been in talks re-emerged on Tuesday, with people familiar with the conversations saying the deal would be similar to the $2.2 billion between Petrobras and Total last year.
Japanese oil refiners Showa Shell Sekiyu KK and Idemitsu Kosan said Tuesday that have formed a business alliance to enhance and promote further collaboration prior to the integration of the companies, Kallanish Energy reports.
Canada-based, Argentina-focused independent explorer Madalena Energy said Monday it has completed the “strategic alternatives process” started in June last year, through which Spanish energy firm Hispania Petroleum will save the company from bankruptcy.
French oil supermajor Total has moved a step ahead of its rivals on the low-carbon businesses expansion with the acquisition of Europe’s third-largest provider of natural gas vehicle fuel, PitPoint, Kallanish Energy learns.
EDF Energies Nouvelles said Tuesday it has entered into exclusive talks to acquire a majority stake in France’s onshore wind power developer Futuren, in a transaction estimated at €320 million ($348 million), Kallanish Energy learns from the companies.