Investor interest in stressed green power assets grows
Mumbai: Investor interest in renewable energy is surging with distressed assets selling for more than twice their reserve prices boosting lender recoveries.
Regen Powertech, a wind energy firm, was recently auctioned for ₹240 crore, which was nearly double its ₹125 crore opening bid, despite no anchor bidder. Wind World (India) shows a similar trend. NARCL acquired its debt for ₹670 crore 18 months ago, but bids have now crossed ₹1,250 crore. Earlier this month, Edelweiss sold 10% of Wind World’s debt for ₹143 crore, far above the ₹35 crore reserve price.
