JP Morgan Asset Management Holdings, the investment arm of JP Morgan Chase, is set to sell half of its 75% stake in an Indian wind energy developer. The stake in Leap Green Energy is thought to be worth $225m. In a statement, JPMorgan, which has invested more than $1bn in renewable energy, said it was "pleased with the progress made by Leap." JP Morgan Asset Management reportedly plans to sell its stake in Indian wind developer Leap Green Energy for up to $225 million. The Indian renewable energy market has seen increasing investment from foreign private equity funds since it announced aggressive policy measures to boost growth in the sector.
JP Morgan Asset Management Holdings, the investment arm of JP Morgan Chase, is set to sell half of its 75% stake in an Indian wind energy developer. The stake in Leap Green Energy is thought to be worth $225m. In a statement, JPMorgan, which has invested more than $1bn in renewable energy, said it was "pleased with the progress made by Leap." The Indian renewable energy market has seen increasing investment from foreign private equity funds since it announced aggressive policy measures to boost growth in the sector.