is the frontrunner to acquire Vector Green Energy – US-based Global Infrastructure Partners’ 700MW clean energy platform in India – in a deal worth about ₹5,000 crore, according to several people aware of the development. The Ahmedabad-based utilities group has trumped the other contenders in the fray including , Apraava Energy (formerly CLP India) and Singapore’s Sembcorp, the people cited earlier said.
If Torrent bags the deal, it would be the largest power sector buyout for the Ahmedabad-based utilities group, which had also bid for Anil Ambani’s Mumbai power distribution business but lost out to Adani in 2020.
Vector Green portfolio includes 19 ground-mounted utility scale projects located across eight states, as well as 89 rooftop solar projects on 216 roofs across seven states. An additional 90MW of solar projects are under implementation in Gujarat. Vector Green had…
renewables: Torrent Power leads race to buy clean energy firm Vector Green
