Constellation Acquires Calpine, Waaree Acquires Enel India

Waaree Energies will acquire 100% of Enel Green Power India for $95 million. BHE US Transmission will acquire 10% of the North Plains Connector Transmission Project from Grid United. And Constellation has announced it will acquire Calpine in a cash and stock transaction valued at $16. 4 billion. Fill out our Uptime listener survey and enter to win an Uptime mug! Register for Wind Energy O&M Australia! https://www.windaustralia.com Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Welcome to Uptime News Flash. Industry news lightning fast. Your hosts, Allen Hall, Joel Saxum, and Phil Totaro discuss the latest deals, mergers, and alliances that will shape the future of wind power. News Flash is brought to you by Intel Store. For market intelligence that generates revenue, visit www. intelstore. com. Allen Hall: Waaree Energies has signed a share purchase agreement to acquire 100 percent of Enel Green Power India for 95 million. The acquisition includes their portfolio of approximately 640 megawatts AC and 760 megawatts of DC operational solar and wind energy projects across India with additional projects under development. The transaction will help Waaree diversify revenue streams and enhance wind project execution capabilities. Phil, my first question about this is why is Enel Green Power leaving India? Phil Totaro: Well, it's actually a really fascinating question that I've been getting over the past week or so since the announcement came out and it, it, basically has to do with Enel wanting to consolidate more operations in Europe effectively, as well as reinvest in other emerging markets that they find more promising. Now, we've talked before on the show about how India's growth market but it's also still a challenging market if you're not a, you know, kind of Indian based company or, you know, have a strong presence in that market. Enel had, you know, a reasonably sized portfolio for the size of the market overall. And divesting it is really just about that cash and being able to redeploy it in markets like Chile or you know, even in Spain or Italy on on projects that are either, you know, repowering or, or new greenfield development. So You know,