Macquarie Infrastructure and Real Assets (MIRA), one of the largest foreign infrastructure investors in India, plans to sell around 450MW of solar power projects for an estimated equity value of around $300 million, said two people aware of the development.
Around 330MW of these operational solar assets were acquired from Hindustan Powerprojects Pvt. Ltd.
MIRA is hopeful of commanding a premium on the sale of Indian solar assets, given that the off-takers for the electricity generated at a higher tariff from most of these projects are Gujarat state-owned electricity distribution companies (discoms), with a history of timely payments.
