Global investors-Sembcorp, Fortum in race for Welspun Group Renewable Energy assets

January 13, 2016

According to knowledgeable sources, Welspun Group is in advanced stages of discussions to divest select assets of its solar and wind energy portfolio in a mega deal which has attracted the attention of overseas investors, Singapore-based Sembcorp and Finnish energy giant Fortum, which have  signed term sheets for the potential deal. The two overseas investors are said to be  keen only on the operational assets of the deal .

Welspun Group has an enterprise valuation  of around Rs 5,000-Rs 5,500 crore .Its renewable energy assets fall under its unlisted arm Welspun Renewables with a 680 MW capacity and the   entity is looking to set up up 5,000 MW capacities in the next few years.

Posted in Alternative/Renewable by admin

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