RENEWABLE ENERGY

Dutch pension fund APG eyes Tata Power’s RE InvIT

In what may rank among the largest clean-energy deals in India, Dutch pension fund manager APG Asset Management NV has evinced interest in acquiring a 51% stake in Tata Power’s renewable energy infrastructure investment trust (InvIT), said two people, requesting anonymity.

Citibank was given the mandate to find an investor for the InvIT, which will house 3-giagwatt (GW) of renewable energy projects, besides ₹10,000 crore- ₹12,000 crore of debt.

InvITs manage income-generating infrastructure assets, typically offering regular yield to investors and a liquid way to invest in infrastructure projects.

Source
Livemint
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