Despite a
lull in private equity investment in infrastructure, interest in
renewable energy remains high, with at least two deals being negotiated,
according to two investment bankers aware of the discussions. US-based private equity firm KKR and Co. is evaluating the possibility of investing around $100 million in renewable power projects of Greenko Group, a UK-based group that has power projects in India, said the first investment banker quoted above. Both declined to be named.
A Greenko spokesperson and Sanjay Nayar, chief executive officer at KKR India, declined to comment.
Separately, the Asian Development Bank (ADB) is considering an investment in ReNew Wind Power Pvt. Ltd, an independent power producer, said the banker.Sumant Sinha,
chairman and chief executive officer of ReNew Wind Power, did not
divulge details, saying he is unable to comment as his firm is talking
to several investors. ADB did not reply to an email seeking comments.
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