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BP reportedly to sell Wind Power Assets to Indian IDFC Private Equity Fund

Categories: Wind Power News

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It is rumoured that BP is reportedly to sell its domestic Indian Wind Power Assets to a private equity fund named IDFC for INR6.5 billion ($133.8 million), the Economic Times reports. The fund will pay for the transaction in two tranches, with the initial payment totaling INR3.5 billion, the Web site said. BP has currently 40 megawatts of assets in Maharashtra and 60 megawatts in Karnataka. A spokesperson for IDFC Private Equity declined to comment. Anshul Mathur, a spokesman for BP India, also declined ... Read More

Does wind power generated energy make financial sense? If yes, who for?

Categories: Renewable Energy

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Home owners, developers, architects, farm owners, public sector clients and businesses are the ideal target customer group for self build, wind powered energy generating projects. Design, installation and support are the key factors for the successful operation of a wind turbine project on your own turf. Tailor made solutions are widely available for all types of interest groups. As no two projects are the same, every phase of a wind generator project from the initial idea and site survey through to gaining planning ... Read More