BP sells India wind assets to Green Infra Limited

Oil major BP has sold its wind energy assets in India to Green Infra Limited, saying it is continuing to focus its wind business on the US. The decision comes despite optimistic projections for the Indian wind sector published this week.

The report by the Global Wind Energy Council (GWEC) and Indian Wind Turbine Manufacturers Association (IWTMA), says that wind power could provide up to 24% of India’s power demand by 2030 and create 213,000 green collar jobs, says a new report

BP sold its subsidiary, BP Energy India Private Limited (BPEIPL), which owns and operates three wind farms in India with a total capacity of around 100 megawatts (MW), to Green Infra Limited for a total of 4.622 billion Rupees ($95 million), including 1.779 billion Rupees in cash and net debt assumed…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge App


Dowload the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App