Welspun Energy in talks to raise up to $200M
Posted: June 20, 2012 Filed under: Uncategorized
India’s clean energy investments rose to $10.3B last year from $6.8B in 2010: report
Via Yahoo Finance: “Welspun Energy is in talks with renewable energy funds to sell a small stake in the company and raise $150 million to $200 million for investments in wind energy farms, the Economic Times reported on Wednesday, citing sources.
“The deal could lead to one of the founders reducing stake by up to 15 percent in the firm, the paper said. Welspun Energy, which is involved in wind, thermal and solar projects, has a capacity of about 270 MW of solar projects on the ground. […]
“Welspun has mandated Macquarie to advice on the deal, the paper said, adding that the investment banking firm was talking to potential investors such as Nereus India Alternative Energy Fund LLC, Magnetar Fund and IFC, the private arm of the World Bank.
“Global renewable energy investors are increasingly looking to Southeast and South Asia, lured by investment incentives rolled out by governments in the region amid a bleak outlook for clean energy investment in Europe and the United States.”