Morgan Stanley To Sell Continuum Wind Energy Stake

In Clean News, News, Renewable Energy, Wind

Continuum Wind Energy, which focuses on India, was founded in 2009 by Arvind Bansal and Vikash Saraf who had found a investor in Morgan Stanley Infrastructure Partners which had decided to invest $212 million in 2012.

However as per latest developments Morgan Stanley Infrastructure Partners has hired investment bank Moelis to sell its stake in Indian wind energy platform Continuum Wind Energy.

Morgan Stanley have tried to sell the platform earlier too but the process did not meet success due to external factors. In June 2018, Bansal was looking to buy back Morgan Stanley’s majority stake in the company, and was in talks with private equity (PE) investors to raise capital for the same.

According to its website, Continuum has a portfolio of about 1.8 gigawatts (GW), of which around 387.5 megawatts (MW) is operational and 150MW is under construction. Its projects are located in Gujarat, Maharashtra, Madhya Pradesh and Tamil Nadu.

Reference- Continuum website, LiveMint

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