Archive · 20 May 2025
Blackstone Joins Race to Acquire Statkraft's India Assets
Imagine a big company called Statkraft that makes energy from things like the sun and wind in India.
They decided they want to sell their energy-making business there.
Now, other companies want to buy it.
One of the companies that wants to buy is Blackstone, which is a big investment company.
Blackstone has offered a lot of money.
Other companies are also trying to buy it.
Statkraft's energy business includes solar, wind, and water-powered plants, so whoever buys it will get a lot of different ways to make energy.
Blackstone submitted a $1.5 billion non-binding offer for Statkraft's India arm.
Statkraft, Europe's largest renewable power firm, is selling its Indian renewable energy portfolio.
Other potential buyers include KKR-backed Serentica Renewables, Sembcorp, and BlackRock.
Statkraft's India assets generate power from wind, water, and sunlight across several states.
The sale includes packages with wind, solar, and hydro power assets.
- Who
- Blackstone, Statkraft, KKR-backed Serentica Renewables, Sembcorp, and BlackRock.
- What
- Blackstone is vying to acquire Statkraft's 2-gigawatt renewable energy portfolio in India.
- When
- Statkraft announced its intention to exit in October last year, Blackstone submitted an offer in May 2025.
- Where
- India; assets are in Rajasthan, Himachal Pradesh, and Uttarakhand.
- Why
- Statkraft is prioritizing investments in Norway, Europe and South America.
- Location
- India
- Portfolio Size
- 2 gigawatts
- Blackstone's Offer
- $1.5 billion
- Power Sources
- Wind, water, sunlight
- Statkraft's Exit Announcement
- October (2024)
- Statkraft Entry in India
- 2001