Clean energy firms queue up for IPOs

Several renewable energy companies in India, especially those owned or backed by financial sponsors, have started exploring plans to go public, either in India or abroad.

Mint reported on 18 October that Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd, one of the top renewable energy companies in India, is exploring an overseas listing, possibly in the US or UK.

Companies such as Warburg Pincus-backed rooftop solar energy firm CleanMax Solar and Morgan Stanley-owned Continuum Wind Energy are some of the other companies that have held talks with advisers on initial public offerings (IPOs).