Mahanagar Gas Limited has agreed to acquire a 26% stake in FPEL Reliant Energy Private Limited, a special purpose vehicle of Fourth Partner Energy, as part of its move to integrate renewable energy into its operations. The investment follows the signing of a Share Subscription Agreement and Shareholding Agreement with FPEL Reliant and its holding […]
Investors from Gulf countries are expected to continue funding renewable energy projects in Africa despite disruptions linked to the Iran war, analysts say, citing strong long-term economic and strategic incentives. Wealth funds and state-backed companies from oil-rich Gulf nations are increasingly investing in Africa’s clean energy sector, attracted by rising electricity demand, rapid urbanization, and […]
European Energy reported higher revenue in 2025 as the renewable energy developer expanded projects across multiple markets, though power curtailment affected electricity generation and project sales during the year. The company reported revenue of €766 million in 2025, compared with €416 million in 2024, while gross profit rose to €258 million from €224 million the […]
