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Sembcorp, JSW Energy, Torrent join race for Vector Green's Rs.5,000-Cr assets

Economic Times  

Sembcorp as well as domestic energy producers JSW Energy, Torrent Power and Apraava Energy (formerly CLP India) - have joined the race for acquiring 700 megawatts (MW) of wind and solar energy assets under Vector Green Energy. The assets are expected to be valued at INR 4,500-5,000 crore (USD 700 million). Vector Green is wholly owned by funds managed by Global Infrastructure Partners India, the Indian affiliate of Global Infrastructure Partners (GIP). Standard Chartered Bank is advising GIP to sell-off the assets. Vector Green's portfolio includes 19 ground-mounted utility scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across 7 states. An additional 90 MW of solar projects are under implementation in Gujarat. In 2019, Vector Green acquired about 225 MW solar generation capacity from RattanIndia.