Macquarie abandons Vibrant sale in India

29 Apr 2024 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..