Key Points
Ltd has mandated Rothschild & Co. for the sale of the platform that serves commercial and industrial (C&I) customers in a deal having a potential equity value of about $150 million, two people aware of the development said..
Investors in Radiance Renewables include Indias quasi sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and the UK governments Foreign, Commonwealth Development Organisation (FCDO)..
C&I projects are also shielded from risks such as power procurement curtailment by state-run power distribution firms. . Recently, Amplus founder Sanjeev Aggarwal and I Squared Capital joined hands to set up Hexa Climate Solutions to cater to C&I sector, wherein the New York-based private equity fund will invest around $500 million..
Also, NIIF and private equity firm Actis Llp are among four firms in fray to acquire Macquarie Asset Managements Green Investment Group (MAM-GIG)s platform Vibrant Energy that has a 1.5-GW C&I portfolio..
. British International Investment Plc is also a shareholder in Ayana Renewable Power that is looking to sell a stake of as much as 100% in the green energy company, targeting an equity valuation of around $2 billion..
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