Statkraft front-runner in race for Continuum Wind Energy

MUMBAI : Norway’s state utility Statkraft has emerged on top in the race for Continuum Wind Energy, a wind energy platform owned by Morgan Stanley Infrastructure Partners, said two people aware of the development.

In 2012, Morgan Stanley Infrastructure Partners, which manages more than $4 billion in assets globally, had invested $212 million in India-focused Continuum Wind, founded by Arvind Bansal and Vikash Saraf in 2009. Morgan Stanley currently has a majority stake in Continuum Wind.

“Statkraft is the only player left in the fray now. They are currently conducting a due diligence on the Continuum portfolio,” said one of the two people cited above on condition of anonymity.