Global energy major Royal Dutch Shell and Norway’s state utility Statkraft have joined the race to buy Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy, two people aware of the development said. Earlier this month, Mint reported that CLP India is in talks to acquire the wind energy platform.
Morgan Stanley Infrastructure Partners, which manages more than $4 billion in assets globally, had invested $212 million in India-focused Continuum Wind, founded in 2009 by Arvind Bansal and Vikash Saraf, in 2012.
“Shell, Statkraft and CLP India and a couple of other interested parties put non-binding offers for Continuum. These three have been shortlisted for the next round of bidding,” said one of the two people cited above, adding that other buyers who had shown interest at the non-binding stage included financial investors. The person spoke on the condition of anonymity.
