Private Equity Liquidity Events
Sembcorp to acquire renewable energy firm Vector Green for USD 300-M
Source Mint (opens in a new tab)
Singapore-based Sembcorp Industries Ltd has agreed to buy private equity firm Global Infrastructure Partners' Vector Green Energy platform at an equity value of around USD 300 million. Standard Chartered ran the sale process.
Mumbai-based Vector Green Energy has 742 megawatts (MW) operational and 300MW under-construction wind and solar energy assets in India, besides an additional 1 gigawatt (GW) in the pipeline that is investment-ready.