Australia based Macquarie is set to acquire solar power assets of Hindustan Power projects for $600MN. The deal will help Macquarie Group to acquire about 330 megawatts (MW) of operational solar assets.
According to Livemint, of the total deal, Macquarie will acquire $250 million in equity and $350 million in debt of the $600 million deal value.
About Hindustan Powerprojects
Hindustan Powerprojects develops and operates thermal power, solar power, hydro, and renewable energy projects in India and internationally. Additionally, it provides consulting, development, implementation, training, operation, and maintenance services; and advisory services for the development of HEP sites in India and Nepal.
The company was formerly known as Moserbaer Projects. Hindustan Powerprojects was incorporated in 2000 and is based in New Delhi, India with presence in India, Germany, Italy, the United States, the United Kingdom, and Japan.
Macquarie Group provides banking, financial, advisory, investment, and funds management services in the Americas, Australia, Europe, the Middle East, Africa, and the Asia Pacific. The company’s Macquarie Asset Management group offers infrastructure and real asset management, securities investment management, and investment solutions over funds and listed equities.
Macquarie Group Limited was founded in 1969 and is headquartered in Sydney, Australia.
Source: – Livemint