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.

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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, what's happening in India effectively is that a lot of Western companies that were pioneers in project development or manufacturing in the market are pulling back a little bit and selling off their asset portfolio to Indian concerns.

So the Indian market's becoming firmly much more Indian.

Joel Saxum: Yeah, and that fits with that rhetoric there. If you've dealt with Enel, they like to do their operations out of Italy. So they want things a little bit closer to home. And that's been a ongoing trend with them. The interesting thing about Wari Energies here as well, as Phil said, they are very much an Indian company.

They're a Fortune 500 company in India. And they're India's largest, a subsidiary of the Watery Group and Watery Energies is the largest photovoltaic panel producer in India. So they're building a lot of solar as an OEM, and also now bolstering their portfolio of Solar projects and getting more into the wind side of things.

So bigger play from Wari Energies over in India.

Allen Hall: And in the states here, BHE US Transmission has signed a memorandum of understanding with Grid United to acquire 10 percent of the 3, 000 megawatt North Plains Connector Transmission Project.