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
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?