Acquisition Activity In Indian Renewable Energy Market Speeds Up

It is learnt that, Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects. The renewable energy generators Mahindra Susten and government-owned power trading company PTC India are looking to sell their solar and wind energy assets, respectively. Mahindra Susten, a subsidiary of the Mahindra Group, is looking to sell off 160 megawatts of solar power capacity while PTC India is planning to sell up to 290 megawatts of wind energy capacity.