Now Continuum Wind Energy Is Up For Sale

In Clean News, News, Renewable Energy, Wind

Global energy major Royal Dutch Shell and Norway’s state utility Statkraft have joined the race to buy Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy.

Morgan Stanley Infrastructure Partners, which manages more than $4 billion in assets globally, had invested $212 million in India-focused Continuum Wind, founded in 2009 by Arvind Bansal and Vikash Saraf, in 2012.

Continuum has more than 700 megawatts of operational wind assets and it has a pipeline of almost 1,700MW, making it one of the largest portfolios on sale in the market right now.

The size of the portfolio makes it very attractive for strategic investors who are looking to expand their portfolio in India, said the first person cited above.

Continuum’s portfolio is spread across Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh and Telangana. Maharashtra and Tamil Nadu make up the bulk of its operational assets.

In January itself Morgan Stanley had hired investment banks to seek buyers for the wind platform.

This is a Syndicate News-Feed

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