Mubadala & ADIA to invest in India’s renewable energy platform
February 20, 2020 (Mumbai)
A recent article on ET Markets reported that global investors including Brookfield, Omers, and Abu Dhabi based Mubadala and Abu Dhabi Investment Authority (ADIA) are in early discussions to invest anywhere from $500 million to 600 million in Tata Powers’s renewable energy platform.
Tata Power, India’s largest integrated power company, is said to be planning to unlock value and pare debt by creating an infrastructure trust (InvIT) for its solar parks and wind farms. Tata Power’s near 3-gigawatt renewable energy portfolio is currently valued at between $2.2 billion and $2.5 billion.
Read the original article on ET Markets: Brookfield, Mubadala, ADIA may invest $600 million in India’s renewable energy platform