Mumbai: Two global investment giants EQT Capital and Temasek have decided to sell renewable energy platform O2 Power, aiming to monetise their five-year-old investment, according to people aware of the matter.
Barclays has been appointed to initiate a formal sale process. Approaches will be made to global infrastructure funds and energy companies. This comes as close to a dozen transactions centred on renewable assets in India are at various stages of implementation. Those involved include the Aditya Birla Group, Brookfield and Macquarie Infrastructure among others.
