NuPower Renewables Pvt. Ltd is exploring the sale of its wind power portfolio, said two people aware of the development.
The renewable energy company has tasked Ambit Capital with finding a buyer, one of the two people cited above said, requesting anonymity. NuPower has denied any such move.
“NuPower has been exploring a stake dilution opportunity and has been in talks with potential buyers for a partial or complete sale of its wind portfolio,” said the second person cited above, also on condition of anonymity.
Deepak Kochhar, founder and chief executive of NuPower Group, said: “There is no mandate given to Ambit. We are not selling any wind assets.” He was responding to queries in a text message. Read More…