Key Points
Global investment giants EQT Capital and Temasek have decided to sell renewable energy platform O2 Power, aiming to monetise their five-year-old investment, according to people aware of the matter...
Approaches will be made to global infrastructure funds and energy companies..
Swedish-origin EQT Infrastructure Partners had joined hands with Temasek and former Renew Power executives in 2019 to start O2 Power..
EQT Infrastructures parent EQT Capital later acquired Baring Private Equity Asia to create one of the largest alternative asset managers in the world, spanning private equity, credit and infrastructure..
Additionally, returns from these power generation projects have improved from a paltry 11-122% IRR (internal rate of return) to 17-18% IRR as the latest tenders are all hybrid in nature with pumped or battery storage in the mix to ensure firm renewable power supply..
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