+
JSW Energy, Torrent Power joins race for Vector Green assets
POWER & RENEWABLE ENERGY

JSW Energy, Torrent Power joins race for Vector Green assets

JSW Energy, Torrent Power and Apraava Energy (formerly CLP India), and European major Sembcorp have joined the race for acquiring 700 MW of wind and solar energy assets under Vector Green Energy. The assets will be valued at Rs 4,500 to 5,000 crore.

Vector Green Energy is wholly owned by funds managed by Global Infrastructure Partners India, the Indian affiliate of Global Infrastructure Partners (GIP) - a leading global independent infrastructure fund manager. Standard Chartered Bank is advising GIP to sell off the assets.

Vector Green’s portfolio includes 19 ground-mounted utility-scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across seven states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green expanded its portfolio in 2019 by acquiring about 225 MW solar generation capacity from RattanIndia.

JSW Energy, Torrent Power and Apraava Energy (formerly CLP India), and European major Sembcorp have joined the race for acquiring 700 MW of wind and solar energy assets under Vector Green Energy. The assets will be valued at Rs 4,500 to 5,000 crore.Vector Green Energy is wholly owned by funds managed by Global Infrastructure Partners India, the Indian affiliate of Global Infrastructure Partners (GIP) - a leading global independent infrastructure fund manager. Standard Chartered Bank is advising GIP to sell off the assets.Vector Green’s portfolio includes 19 ground-mounted utility-scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across seven states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green expanded its portfolio in 2019 by acquiring about 225 MW solar generation capacity from RattanIndia.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?