Canadian solar energy developer SkyPower is in separate talks with Hyderabad-based Greenko Group and Sumant Sinha-led ReNew Power Ventures to sell stake in its Indian projects, said two people aware of the development. These talks come against the backdrop of increased consolidation in India’s clean energy space, even though not many deals have been finalized due to differences over valuations.

Mint reported on 25 October about SkyPower Ltd—one of the world’s largest utility-scale solar project developers—hiring Yes Bank to run the sale process.

“Both Greenko Group and ReNew Power are interested in SkyPower’s India projects,” said a person aware of the development, requesting anonymity. Another person who also didn’t want to be named confirmed the development.

here is company details.

 

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