GE Energy Financial Services, an arm of GE, has acquired 49% stake in Continuum Green Energy’s 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.
The deal size is estimated to be around $30 million, officials aware of the development told ET. Continuum, majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Inc, continues to own 51% in the project.
