EDF weighing partial divestment of clean energy assets in India – EQ
In Short – EDF is considering a partial divestment of its clean energy assets in India. This strategic move reflects EDF’s assessment of its portfolio and potential market opportunities. By divesting a portion of its assets, EDF could reallocate resources more efficiently or capitalize on emerging trends in the Indian clean energy sector. This decision underscores the dynamic nature of the renewable energy market and EDF’s adaptability to optimize its investments.
In Details – EDF Renewables India currently operates 530MW of clean energy assets, with an additional 1GW in the pipeline. Electricite de France SA (EDF) is exploring the partial divestment of its clean energy assets in India to reduce its debt substantially, Economic Times has reported. The French energy giant, grappling with a debt exceeding $50bn, has initiated the sale process for its renewable operations in the country.
EDF Renewables India currently operates 530MW of clean energy assets across Rajasthan and Gujarat, with an additional 1GW in the pipeline.The company has appointed Rothschild to manage the sale and has approached several potential investors. These include global infrastructure investors like KKR, Actis, CDPQ, and Sembcorp, as well as Indian firms such as JSW, Torrent, and Sekura Energy, which is backed by Edelweiss Infrastructure.
