Suzlon set to raise Rs800 crore from PE firms Asia Climate Partners, Olympus
Wednesday, January 11, 2017
(Livemint by Swaraj Singh Dhanjal) – Wind turbine maker Suzlon Energy Ltd is set to raise Rs800 crore (around $120 million) from private equity investors Asia Climate Partners (ACP) and Olympus Capital Asia to create a renewable energy platform, two people aware of the development said.
“Suzlon has been in talks with investors to create an independent platform to invest in and to acquire renewable assets, for the past few months,” one of the two said, requesting anonymity because the talks are private. “The talks with Olympus and ACP are in a very advanced stage and the transaction is expected to close very soon.”
Suzlon is being advised by investment bank Edelweiss Financial Services to help raise funds for the platform, the person added.
