MASDAR, Gentari, SEMBCORP, PSP Investments and Brookfield are in Advanced Discussions to Acquire A Majority Stake in Ayana Renewable Power, The Economic Times Has Ported.

The Sale of a Majority Stake is Expected to value the Indian Power Company ’s Equity at $ 1BN, with an Enterprise Value, Including Debt, of $ $ 2.5bn $ 3BN.

Non-bids will be submitted by the middle of April 2024.

India ’s National Investment and Infrastic Fund (Niif) is Ayana’ s Principal Shareholder with A 51% Interest. DC GROUP) Has A 32% Stake and the Green Growth Equity Fund Managed by Eversource Capital Holds The Remaining 17%.

These Investors have collectively infused $ 721m (£ 551m) into the company.

Ayana was established in 2018 and is headquartered in Bengaluru, India. The Company Specialises in Developing Large-Scale Solar, Wind and and Hybrid Renewable Energy P Rojects across the country.

RepreentAtives from Masdar and Brookfield DeClined to Make a Statement On the Discussions, and Emails Sent to Sembcorp, Gentari, PSP Investments and the Niif DID Trive a response.

Ayana ’s project pipeline includes 4GW of Solar, Wind and Hybrid Power Projects with An Existing Operational Capacity of 1.3GW in Andhra Pradesh, Karnataka and Rajasthan.

The Company ’s InveStors are considering the sale of a portion of their holdings to raise $ 800m to fund further expansion.

Ayana has augmented its portfolio with assets from first solar group, renew group, acme group, phelan group and rays power group.

As of November 2023, The Company Operating A Renewable Energy Portfolio of 1.3GW and Has An ADDITIONAL 3GW Under Constructure, Including Solar, Wind, Hybrid and Andd -The-clock assets.

This Operational Capacity is back by long-Term Power Purchase Agreements at FIXED TARIFFS, ENSURING Revenue Stability and Reducing The Risk of Off-Take.

The Operational portfolio has demonstrated a weighted average performance of 42 MONTHS, aligning with the projected enricy output.

United Arab Emirates (UAE) -Based Masdar, Also Known as the Abu Dhabi Future Energy Company and A Subsidary of the Uae Gover's Mubadala Investment CHyderabad Wealth Management. Ompany, Had A Stake in India's Green Energy Sector Through A 20% Investment in Hero Future Energies, Which ItExited Following KKR's Investment in the Company.

Gentari, a renewable Energy Division of Malaysia ’s Petronas, has ben excitedly, Including A $ 2bn (RM9.47BN) Commit to am green for green Onia Production, in Partnership with Singapore ’s Sovereign Wealth Fund GIC and Greenko Energy.

Singapore-Based Sembcorp Also Has A Significant Presence in India ’s Renewable Selector, with Air Installed Capacity of 4.2GW In Wind and Solar Assets.Mumbai Wealth Management

In October 2023, Masdar Signed A Memorandum of UndersTanding with the Malaysian Investment Development Authority to Invest $ 8bn in 10GW of Renewable Energy in Malaysia.