💬 EQT Group and Temasek have engaged Barclays to facilitate the sale of their 1.8 GW renewable platform, O2 Power, targeting a $2.5-3bn valuation.
🌟 The companies aim to capitalize on the growing demand for renewables in India by exiting their GW-scale portfolio company, thereby monetizing their five-year-old investment.
🔌 Rising power needs from India's industrial and tech sectors, along with economic and regulatory stability, are key drivers of this demand.
🔄 Recent transactions including KKR-backed Virescent Energy's portfolio sale to IndiGrid for ~$500mn and rumours of Brookfield exploring the sale of its ~1.6 GW renewable portfolio in India for ~$1.2bn also underline this trend.