India’s largest clean energy firm, ReNew Power Ventures, is looking for an overseas listing, two people aware of the matter told Mint. ReNew Power is also gearing up to tap the offshore bond market for as much as $320 million (Rs 2,350 crore) as it looks to refinance domestic debt. This initial public offering (IPO) […]
Adani, KKR, Edelweiss keen on Mahindra Susten’s solar assets
Potential deal for 810MW of projects, valued at about $530 mn, comes in the wake of power sector reforms Mahindra Susten, has commissioned over 967MW, and is executing projects to add another 668MW NEW DELHI : The Adani Group, private equity firm KKR and Edelweiss Infrastructure Yield Plus Fund have separately evinced interest in acquiring […]
CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end
CLP’s India portfolio includes renewable and conventional energy, amounting to over 3,000 mw. CLP India’s 16 wind energy and three solar energy projects span seven states. CLP India, an independent power producer, is in advance discussions with Mahindra Susten to acquire 160 mw of its operational solar energy assets as part of its strategy to […]
Mahindra in final lap to sell solar portfolio
CLP India, Piramal submit binding offers for Susten’s solar assets The sale is part of Mahindra’s plans to recycle the capital to develop its project pipeline Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, said two […]
CLP India, Piramal look to buy Mahindra Susten’s solar assets
The sale process for the 160MW solar assets is likely to fetch a valuation of around ₹1,000 crore Mahindra Susten is likely to use the sales proceeds to develop its pipeline of around 1GW MUMBAI: Mahindra Susten, the renewable business arm of Mahindra group, which is in the process of selling 160 megawatts (MW) of solar […]
Mahindra Susten, Mitsui to jointly develop solar power projects in India
Mahindra Susten on Monday announced entering into a partnership with Japan-based Mitsui & Co to jointly develop and operate solar power generation projects in India. A player in the Indian solar energy sector, the Mahindra Group firm will continue to hold 51 per cent stake in Marvel Solren Private Ltd, with Mitsui holding the balance […]
Acquisition Activity In Indian Renewable Energy Market Heats Up
Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects. According to different media reports, renewable energy generators Mahindra Susten and government-owned power trading company PTC India are looking to sell their […]
