Tata Power Co. Ltd wants to increase the proportion of renewable energy assets in its portfolio to 40%. If it decides to build new solar power plants today, it can expect to spend Rs.6 crore per megawatt (MW). So, at first blush, its deal to buy Welspun Renewables Energy Pvt. Ltd’s 1,140MW portfolio for an enterprise value of Rs.9,249 crore, or Rs.8.1 crore per MW, appears costly.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
