Macquarie Plans to Reintroduce Vibrant Energy for Sale

22 Jan 2025 CW Team

Vibrant Energy, which develops open-access renewable energy solutions, including wind and solar, for corporate and industrial clients, operates a renewable energy portfolio of approximately 800 MW with a 3 GW active pipeline.

Earlier, Vibrant had engaged in discussions with potential buyers such as Bain Capital, Sun Energy, and Vitol, but the sale plan was shelved in April due to valuation discrepancies during the negotiations. At that time, JP Morgan had been advising Vibrant on the sale process. One source mentioned that, in comparison to the previous sale attempt, more projects have been completed and operational assets have been expanded.

Vibrant Energy Holdings, based in Singapore, serves as the holding company for the current India portfolio through Aragorn Holding Company. Macquarie Corporate Holdings Pty owns about 90 per cent of Aragorn Holding, while the remaining shares are held by ATN International Inc. through various step-down subsidiaries. A spokesperson for Macquarie declined to comment.

Vibrant Energy serves major clients in Andhra Pradesh and Telangana, with Amazon being its largest customer. It has entered into power purchase agreements (PPAs) with Amazon to develop around 500 MW of renewable energy capacity. In December 2022, Vibrant signed a PPA to establish 300 MW of renewable energy capacity in Madhya Pradesh and Karnataka. In 2023, it secured another PPA for a 198 MW wind farm project for Amazon in Maharashtra.

Additionally, Vibrant has signed PPAs with Sify Technologies, a digital ICT solutions provider, to supply 231 MW of solar and wind energy for its hyperscale data centres. Other clients include Ultratech (21.6 MW) and Saint-Gobain India (75 MW).

The demand for renewable energy is rising in India's commercial and industrial (C&I) sectors. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, the C&I open access market saw a 90.4 per cent growth in annual installed capacity between the end of FY2023 and FY2024.

Macquarie Asset Management is making a second attempt to sell its Indian renewable energy platform, Vibrant Energy, less than a year after abandoning its initial sale plan due to a valuation mismatch, according to multiple sources familiar with the matter. The Australian infrastructure investor has engaged Standard Chartered Bank to oversee the sale process. While the final valuation details remain undisclosed, Macquarie had previously sought around $500 million for Vibrant Energy. Vibrant Energy, which develops open-access renewable energy solutions, including wind and solar, for corporate and industrial clients, operates a renewable energy portfolio of approximately 800 MW with a 3 GW active pipeline. Earlier, Vibrant had engaged in discussions with potential buyers such as Bain Capital, Sun Energy, and Vitol, but the sale plan was shelved in April due to valuation discrepancies during the negotiations. At that time, JP Morgan had been advising Vibrant on the sale process. One source mentioned that, in comparison to the previous sale attempt, more projects have been completed and operational assets have been expanded. Vibrant Energy Holdings, based in Singapore, serves as the holding company for the current India portfolio through Aragorn Holding Company. Macquarie Corporate Holdings Pty owns about 90 per cent of Aragorn Holding, while the remaining shares are held by ATN International Inc. through various step-down subsidiaries. A spokesperson for Macquarie declined to comment. Vibrant Energy serves major clients in Andhra Pradesh and Telangana, with Amazon being its largest customer. It has entered into power purchase agreements (PPAs) with Amazon to develop around 500 MW of renewable energy capacity. In December 2022, Vibrant signed a PPA to establish 300 MW of renewable energy capacity in Madhya Pradesh and Karnataka. In 2023, it secured another PPA for a 198 MW wind farm project for Amazon in Maharashtra. Additionally, Vibrant has signed PPAs with Sify Technologies, a digital ICT solutions provider, to supply 231 MW of solar and wind energy for its hyperscale data centres. Other clients include Ultratech (21.6 MW) and Saint-Gobain India (75 MW). The demand for renewable energy is rising in India's commercial and industrial (C&I) sectors. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, the C&I open access market saw a 90.4 per cent growth in annual installed capacity between the end of FY2023 and FY2024.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..