CLP may buy Morgan Stanley’s wind assets

MUMBAI: CLP India, one of the largest foreign investors in India’s power sector, is in talks to acquire Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy, two people aware of the development said.

The company, which manages over $4 billion globally, had invested $212 million in Singapore-based Continuum Wind in 2012. Continuum, which focuses on India, was founded in 2009 by Arvind Bansal and Vikash Saraf.

Mint reported in January that Morgan Stanley had appointed investment bank Moelis to seek buyers for the wind platform.