💬 EQT Capital and Temasek have engaged Barclays to facilitate the sale of their 1.8 GW renewable platform, O2 Power, targeting a $2.5-3bn valuation.
🌟 The companies aim to capitalize on the growing demand for renewables in India by exiting their GW-scale portfolio company, thereby monetizing their five-year-old investment.
🔌 Rising power needs from India's industrial and tech sectors, along with economic and regulatory stability, are key drivers of this demand.
🔄 Recent transactions including KKR-backed Virescent Energy's portfolio sale to IndiGrid for ~$500mn and rumours of Brookfield exploring the sale of its ~1.6 GW renewable portfolio in India for ~$1.2bn also underline this trend.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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