+
Macquarie abandons Vibrant sale in India
POWER & RENEWABLE ENERGY

Macquarie abandons Vibrant sale in India

Australia's Macquarie Asset Management has decided against proceeding with the sale of the renewable energy platform Vibrant Energy due to a discrepancy in valuation during negotiations.

Vibrant, which is a part of Macquarie's Green Investment portfolio, is presently operational and providing 1.9 GW of renewable energy solutions to corporate clients in India. It has an active pipeline of 3 GW. Previously, the company had been in talks with various entities including Bain Capital, Sun Energy, and Vitol, with the aim of achieving an enterprise value of $500 million. The sale process was being advised by JP Morgan.

However, Vibrant has chosen to finalise its on-going projects and defer the sale of the business to a later date. The company specialises in developing open-access renewable energy solutions, including wind and solar, for corporate customers.

Approximately 70% of Vibrant is owned by Blueleaf Energy, another entity within Macquarie's Green Investment Group, while the remaining stake is held by ATN International, based in the United States. Blueleaf Energy Asia had entered the Indian market in 2020 by acquiring a majority share in Vibrant Energy Holdings from ATN International. Overall, Macquarie's Green Investment Group has a portfolio under development totaling 90 gigawatts (GW) spread across 25 markets worldwide.

Australia's Macquarie Asset Management has decided against proceeding with the sale of the renewable energy platform Vibrant Energy due to a discrepancy in valuation during negotiations. Vibrant, which is a part of Macquarie's Green Investment portfolio, is presently operational and providing 1.9 GW of renewable energy solutions to corporate clients in India. It has an active pipeline of 3 GW. Previously, the company had been in talks with various entities including Bain Capital, Sun Energy, and Vitol, with the aim of achieving an enterprise value of $500 million. The sale process was being advised by JP Morgan. However, Vibrant has chosen to finalise its on-going projects and defer the sale of the business to a later date. The company specialises in developing open-access renewable energy solutions, including wind and solar, for corporate customers. Approximately 70% of Vibrant is owned by Blueleaf Energy, another entity within Macquarie's Green Investment Group, while the remaining stake is held by ATN International, based in the United States. Blueleaf Energy Asia had entered the Indian market in 2020 by acquiring a majority share in Vibrant Energy Holdings from ATN International. Overall, Macquarie's Green Investment Group has a portfolio under development totaling 90 gigawatts (GW) spread across 25 markets worldwide.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?