Edelweiss Infra Yield Plus acquires 74 per cent stake in Engie’s solar assets in India

Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund by Edelweiss Alternative Asset Advisors, has acquired 74 per cent stake in Engie Group’s solar portfolio in India.

This would provide EIYP access to a 2 GW pipeline of quality assets that will be developed and constructed by Engie over the next couple of years. This investment is in line with EIYP’s strategy to generate regular yield and create value for its investors by taking controlling stake in quality operating infrastructure assets with strong cash flows. As per EIYP, despite the Covid-19, this was one of the largest transactions in renewables in the past one year.

GET ACCESS TO OUR ARTICLES

Enter your email address