Mumbai: Mahindra Susten, the renewable business arm of Mahindra group, has launched a formal process to sell around 160 megawatts (MW) of solar assets, two people aware of the development said.
The company offers diversified services within the renewable energy and cleantech space, such as turnkey solar engineering, procurement and construction services, both utility-scale solar and rooftop solar products, solar car charging stations, telecom tower solarization, operations and maintenance.
“They (Mahindra Susten) have recently started reaching out to investors, both strategic and financial, to sell a part of their portfolio of solar assets. They are selling around 160MW in the current process,” said one of the two people cited above, requesting anonymity as he is not authorized to speak to reporters.
