Private Equity Other Private Equity/Strategic Investments
Japan’s Chubu Electric to acquire 14% stake in Continuum Green Energy for $150-M
Japan-based Chubu Electric Power is set to acquire a minority stake in Mumbai-headquartered renewable energy firm Continuum Green Energy for USD 150 million. The transaction involves the acquisition of a 13-14% stake in the company, which values the entity at roughly USD 1.1 Billion to USD 1.2 Billion.Founded in 2009 by Arvind Bansal and Vikash Saraf, Continuum operates a renewable energy portfolio spanning wind, solar, and hybrid assets. The company maintains an installed portfolio of approximately 4.7 GW, which includes 2.72 GW of operational capacity, 0.90 GW under construction, and 1.08 GW under development.
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Between Jun 2012 and Mar 2026, Continuum Green Energy had attracted about $ 932 M from Morgan Stanley, IFC, Olympus Capital, CPPIB, Just Climate and others.For FY25, Continuum Green Energy had reported about INR 194 Cr in Operating Income and about INR 130 Cr in Net Loss.