Media and Entertainment Media and Entertainment

Enel India deal on the final stretch


Published on 2024-12-17 19:00:47 - Mint
  Print publication without navigation

  • Three investors have made a binding bid for Enel Group's renewable energy business in India, potentially valuing the wind and solar assets at over $500 million.

The article from LiveMint discusses the ongoing negotiations between Enel, an Italian energy company, and potential buyers for its Indian renewable energy assets. Enel is looking to sell its 74% stake in its Indian solar assets, which include 760 MW of operational capacity and 2.1 GW of projects under development. The deal, which has been in discussion for over a year, is now in its final stages with several interested parties, including Indian conglomerates like the Adani Group, Torrent Power, and JSW Energy, as well as international players like Actis and Brookfield. The sale is part of Enel's strategy to streamline its global portfolio and focus on core markets. The transaction is expected to be valued at around $1 billion, reflecting the growing interest in India's renewable energy sector.

Read the Full Mint Article at:
[ https://www.livemint.com/companies/news/enel-india-deal-on-the-final-stretch-11734436041438.html ]
Similar Media and Entertainment Articles
[ Mon, Dec 02nd 2024 ] - Bill Williamson
[ Thu, Oct 15th 2009 ] - Market Wire
[ Wed, Sep 23rd 2009 ] - Market Wire
[ Mon, Sep 21st 2009 ] - Market Wire
[ Mon, Sep 14th 2009 ] - Market Wire
[ Wed, Sep 02nd 2009 ] - Market Wire
[ Tue, Aug 18th 2009 ] - Market Wire
[ Tue, Jul 28th 2009 ] - Market Wire
[ Mon, Jul 27th 2009 ] - Market Wire
[ Thu, Jul 16th 2009 ] - Market Wire
[ Mon, Dec 08th 2008 ] - Market Wire
[ Tue, Nov 25th 2008 ] - Market Wire