Key Points
Mumbai: About half a dozen investors, including Abu Dhabi's Masdar Clean Energy, Petronas-owned Gentari, Singapore's Sembcorp, PSP Investments and Brookfield, are vying to acquire Ayana Renewable Power, a clean energy platform owned by the National Investment and Infrastructure Fund (NIIF), multiple people aware of the talks told ET...
Founded in 2018 and based in Bengaluru, Ayana develops utility scale solar, wind and renewable energy hybrid projects across India to build cost-effective capacity...
Ayana has a total pipeline of more than 4 GW of solar, wind and hybrid power projects across several states and has an operational capacity of 1.3 GW of renewable energy in Andhra Pradesh, Karnataka and Rajasthan...
As one of the largest investors in renewable energy, the UAE and Masdar (renewable energy investing firm) will explore all opportunities of partnership with India to contribute to its high-growth low-carbon pathway," said Sultan Ahmed Al Jaber, UAE minister of state and the Abu Dhabi National Oil Company (ADNOC) Group CEO, last month...
Other potential deals in the Indian renewable energy space include Brookfield's proposed sale of 2 GW portfolio, Shell's move to offload a significant stake in Sprng Energy, and Italian group Enel's plans to sell its 750 MW operational assets locally...
