Suzlon Energy Ltd, which is exploring the sale of 300 megawatts (MW) of wind power assets, has hired an investment bank to manage the process, said two people aware of the development.
The assets are part of Skeiron Renewable Energy, a renewable energy platform set up by Suzlon along with private equity investors Olympus Capital and Asia Climate Partners, said one of the two people, requesting anonymity.
In January 2017, Mint had reported that Suzlon was set to raise Rs800 crore ($120 million) from Asia Climate Partners and Olympus Capital Asia to create a renewable energy platform.
“They have recently appointed investment bank Kotak Mahindra Capital to explore the sale of the assets housed under the Skeiron platform, which currently holds around 300MW of wind power assets, both developed and under development,” said the person cited above. Read More