Topland expands into green energy (Page 22)
Topland, the investment company managed by property entrepreneurs Sol and Eddie Zakay, has invested in a solar energy technology business that will use its retail estate portfolio to generate and trade power. The company has taken an undisclosed financial stake in Esco NRG, a renewable energy service company, and has agreed to open certain properties for use as future sites for PV arrays. Esco NRG was established in February 2010 and will this week launch the UK’s largest solar PV array, 745 sq m.
Sale of Cairn unit to be test case for India (Page 23)
Vedanta, the Indian-focused mining company, who have become a global mining group, mainly by buying under performing state-owned Indian mining firms and strengthening their operations, is now launching into oil and gas productions and wants to buy a $9.6bn controlling stake in Cairn Energy’s Indian subsidiary.