Macquarie Infrastructure and Real Assets is in discussions to acquire 320 MW of solar assets from Hindustan Power Projects (HPPPL). The merger will create a firm with 1.2GW of assets. The sale could increase HPPPL’s valuation to approximately $300m and reduce debt obligations. In a statement, the company said it was “pleased that we have been able to secure this significant transaction with one of our largest customers”.
Macquarie Infrastructure and Real Assets is in discussions to acquire 320 MW of solar assets from Hindustan Power Projects (HPPPL). The sale could increase HPPPL’s valuation to approximately $300m and reduce debt obligations. In a statement, the company said it was “pleased that we have been able to secure this significant transaction with one of our largest customers”.