Macquarie seeking sale of 450-MW solar portfolio in India

• Macquarie Asset Management is seeking to offer a 450-MW portfolio of solar projects in India in a manage an equity value of some USD 250 million (EUR 235.1 m), The Mint reports.

The asset manager of Aussie economic services giant Macquarie Group Ltd (ASX: MQG) has actually employed Bank of America (BofA) to assist it with the divestment, resources acquainted with the issue have stated, adding that the sale is anticipated to begin "quickly.".

According to the insiders, the sale procedure could be coupled with the disposal of a 330-MW bundle of functional solar parks in India that Macquarie 330 MW bought from Hindustan Powerprojects Pvt Ltd back in 2017 and also has liked selling for almost 2 years now. The majority of those plants are marketing their output to state-owned power distribution business in Gujarat.

Macquarie Asset Management and its handled funds manage investments in 16 GW of green generation capacity globally, its website shows.