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Companies evince interest in Mahindra Susten’s solar assets

The deal is valued at about $530 million

Mahindra Susten, Adani Group, CLP India, Solar assets, KKR, Edelweiss Infrastructure Yield Plus Fund

The Adani Group, private equity firm KKR and Edelweiss Infrastructure Yield Plus Fund have separately evinced interest in acquiring 810 MW solar projects of Mahindra Susten.

The deal, potentially valued at about $530 million, is set to rank among the largest in India’s green energy space.

It comes after CLP India emerged as the final buyer of Mahindra Susten’s 160 MW solar assets that were put on the block earlier. Mahindra Susten, which builds and sells solar power projects, has commissioned over 967 MW till date and over 668 MW of projects under execution.

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June 2020
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