Investors Eye Enel's 760 MW Renewable Assets in India

11 Jun 2024 CW Team

About half a dozen investors, including UAE's Masdar Energy, Singapore's Sembcorp, JSW Energy, Torrent Power, Sekura Energy, and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in India from Italy's Enel Group.

HSBC is advising Enel on the sale, which may have an enterprise value of $500 million (?4,100 crore). The portfolio of Enel Green Power India includes 760 MW of operational wind and solar power assets, with a development pipeline of 2 gigawatts (GW). The operational capacity comprises 420 MW from solar power projects and 340 MW from wind power.

Last year, the Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway's largest pension company, committed $100 million for a 168 MW wind power plant developed by Enel Green Power in India. In 2020, Norfund and Enel Green Power entered into a joint investment agreement for renewable energy projects in India, with their first project, the 420 MW Thar solar plant, announced in 2022.

Founded in 2008, Enel Green Power (EGP) operates over 63 GW of installed renewable capacity across 1,300 plants globally. EGP strengthened its position in India by acquiring a majority stake in BLP Energy for ?30 million (?220 crore) in 2015.

Energy producers Sekura Energy, Sembcorp, and Masdar Energy are also contenders for Brookfield's 2 GW renewable portfolio in India, estimated to be worth $800 million-1 billion (?6,600-8,300 crore). JSW Neo Energy and Sekura Energy are bidding for a controlling stake in Ayana Renewable Power, valued at about $2 billion.

ONGC is pursuing assets in the clean energy space as part of its decarbonization efforts, aiming for a renewable energy capacity of 10 GW by 2030 with an investment of ?1 lakh crore.

The renewable energy sector's outlook in India remains stable, bolstered by strong government policy support, superior tariff competitiveness, and sustainability initiatives by large commercial and industrial customers.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..