US’ GIP looks to sell Indian clean energy unit for ₹5,000 crore

American asset manager Global Infrastructure Partners (GIP) is all set to sell its Indian clean energy platform, Vector Green Energy, in a potential deal worth ₹5,000 crore ($700 million).

GIP has about 700 megawatts (MW) of wind and solar energy assets under Vector Green Energy, most of which it had acquired from IDFC Alternatives in 2018.

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