Green energy producer Mytrah Energy India Pvt. Ltd is looking to appoint Barclays Bank to sell a majority stake after a $750-million deal with private equity firm KKR fell through, two people aware of the development said.
The transaction is expected to be among the largest in India’s clean energy space, given that the Hyderabad-based firm has one of the largest wind data banks in the country and an operational portfolio of 2.3 gigawatts (GW). This includes 1,700 megawatts (MW) of wind and around 535MW of solar. It also has 700MW of projects under development. Vikram Kailas, co-founder and managing director of Mytrah Energy, chose not to comment. A Barclays Bank India spokesperson also declined to comment.
