Alfanar to sell 300 MW wind energy India assets: Report

Saudi Arabia’s Alfanar Group is reportedly planning to sell 300 megawatt (MW) assets in . It is said to be one of the largest deals in .

In India’s green economy deal activity is gradually gaining pace, and this comes after country lifted many of the curbs on businesses following a strict two-month .

Power demand is also slowly returning to pre- levels after having nosedived as factories, malls and offices were shut for the past two months.

According to Live Mint, JM Financial will find a buyer for Aflanar’s 300 MW assets. As of now the estimated size of the deal is not known.

Currently the firm hold a portfolio of around 600MW that it bagged in auctions conducted by Energy Corp. of India (). It the then in February 2018 quoted Rs. 2.45 per per kilowatt-hour (kWh) and in October 2018 Rs. 2.77 per kWh, to win the bids for developing 300MW each of wind projects.