Archive · 19 Aug 2025
Firms Compete for Statkraft's Indian Renewable Energy Assets
Statkraft, a Norwegian energy company, is selling its renewable energy assets in India.
Several companies are interested in buying these assets.
Blackstone and Serentica Renewables are bidding for the solar power plants.
Adani Group and JSW Group are looking to acquire the hydropower plants.
Statkraft has a total of 1 GW of renewable energy capacity in India, including solar and hydropower plants.
The company is selling its Indian assets to focus on growth in other markets, such as Europe and South America.
Global private equity firms and domestic companies are vying to acquire Statkraft's renewable energy assets in India.
Blackstone and Serentica Renewables are competing for Statkraft's solar assets.
Adani Group and JSW Group are interested in Statkraft's hydropower plants.
Statkraft's total renewable energy portfolio in India is approximately 1 GW.
The Norwegian company is selling its Indian assets to focus on other markets.
- Who
- Global private equity firms, including Blackstone and Serentica Renewables, along with Adani Group and JSW Group are potential buyers.
- What
- Statkraft is selling its renewable energy assets in India.
- When
- Binding bids have been submitted, and the sale is underway.
- Where
- India
- Why
- Statkraft plans to focus on other high-potential markets.
Potential Buyers
Statkraft
Asset Acquisition
Potential Buyers
Acquire Statkraft's Indian assets
Statkraft
Sell existing renewable energy portfolio.
- Statkraft's Total Renewable Energy Portfolio
- Around 1 GW
- Solar Asset Valuation
- ₹1,700-1,800 crore
- Hydro Asset Valuation
- ₹1,400-1,500 crore
- Statkraft's Largest Hydropower Capacity
- 12.1 GW in Norway