Connect with us

Hi, what are you looking for?

Canada’s Brookfield Asset Management is looking to acquire operational assets of Continuum Wind Energy

Clean Power

Brookfield Eyes Stake In Indian Wind Energy IPP

Canada’s Brookfield Asset Management is looking to acquire operational assets of Continuum Wind Energy

Continuum Wind Energy, a leading wind energy IPP in India, is in the news once again. The company may finally sell assets to a foreign company.

According to media reports, Canada’s Brookfield Asset Management is looking to acquire operational assets of Continuum Wind Energy. The total size of the transaction is expected to be around Rs 1,700-2,000 crore (up to $296 million) for 400 MW of operational wind energy assets.

This will be the second attempt by a foreign company to acquire Continuum Wind Energy in as many years. Last year, SunEdison, before its bankruptcy, had announced plans to acquire operational as well as under-construction assets of the company.

Once called the ‘largest renewable energy transaction in India,’ the deal fell through following SunEdison’s own financial troubles.

The largest beneficiary of the Continuum sale would be Morgan Stanley Infrastructure Partners which holds a controlling stake in the company. Registered in Singapore, Continuum Wind Energy received funding worth $212 million from Morgan Stanley Infrastructure Partners in 2012.

Some of the recent and high-profile acquisitions in the Indian renewable energy market include the $1.4 billion takeover of Welspun Renewables Energy by Tata Power Renewable Energy, and the $392 million acquisition of SunEdison India assets by Greenko Energy Holdings.

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
Sign up for our free daily newsletter to never miss a story.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Lyft's 100% Electrification Target, Autonomy, Charging

Written By

An avid follower of latest developments in the Indian renewable energy sector.


You May Also Like

Clean Power

One of India’s leading solar power generation companies — Acme Solar Holdings — has announced plans to enter the green hydrogen business. According to...

Clean Power

The Southern Indian state of Andhra Pradesh auctioned 6.4 gigawatts of solar power capacity under a recent tender. The high response to the tender...

Clean Power

With a target to reduce dependence on imported solar cells and modules, the Indian government has announced an incentive program for solar cell and...

Clean Power

A recent attempt by one of India’s power distribution utilities has reignited fears about contract renegotiations among renewable energy project developers. A power distribution...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.