German company IB Vogt transfers renewable energy ventures in India to a European counterpart
In a significant development for the Indian renewable energy sector, German utility-scale solar developer IB Vogt has divested its ready-to-build renewable energy portfolio to a European investment firm. The divestment was confirmed by two people aware of the development to our website.
The divested portfolio included both solar and wind projects, marking a notable move in the industry's shift towards institutional investment. This divestment is part of a larger trend of utility-scale solar developers selling their ready-to-build projects to institutional investors.
IB Vogt has been actively divesting ready-to-build projects globally to institutional investors, as the company seeks to focus on its core business. The specific projects lost by Adani Green, ReNew Power, and Avaada were not specified in the article, but this development comes amidst reports of grid access losses for these clean energy project developers. The reason for the grid access loss for the mentioned clean energy project developers was not specified in the article.
Meanwhile, Spanish renewable energy firm Acciona is in discussions to sell an India wind power asset, adding to the ongoing trend of renewable energy asset sales in the country.
Elsewhere in the Indian renewable energy sector, Ingka Group's investment arm is initiating a renewable energy push in India. The exact details of their plans are not yet clear, but the move is expected to bolster the country's renewable energy capacity.
In a positive note, Renewsys, a solar module maker, reported increased profits and margins in FY25. Additionally, Aragen Life and Urban Company are being considered for stake sale by their investors, indicating a potential wave of investment in the Indian renewable energy sector.
As the Indian renewable energy sector continues to grow, these developments underscore the ongoing shift towards institutional investment and the potential for further growth in the sector. Stay tuned for more updates on these and other developments in the Indian renewable energy sector.
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