NEW DELHI : Saudi Arabia’s Alfanar Group is looking to sell half of its 600 megawatt (MW) wind power projects in India in what is likely to rank among the largest wind energy deals in India, two people aware of the development said.
With India lifting many of the curbs on businesses following a strict two-month lockdown, deal activity is gaining pace in the country’s green economy. Power demand is also slowly returning to pre-lockdown levels after having nosedived as factories, malls and offices were shut for the past two months.
Alfanar has tasked JM Financial to find a buyer, one of the two people cited above said on condition of anonymity. The person did not disclose the estimated size of the deal.
