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Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal

Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal

An infrastructure fund of Australia’s Macquarie Group Ltd has agreed to buy about 330 megawatts (MW) of operational solar assets from power producer Hindustan Powerprojects Pvt. Ltd for an enterprise value of $600 million, said two people familiar with the discussions.

The deal, which will give Macquarie an entry into India’s renewable energy sector, is in an advanced stage of completion and an agreement has been signed, these people said, asking not to be named as the discussions are private. read more →

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