The assets include 376.5 MW of wind assets in Gujarat, Maharashtra and Tamil Nadu, 3 MW solar asset in Mulshi and 120 MW of waste heat recovery based power plants at Haldia, West Bengal.
S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings
PP Gupta, managing director, Techno Electric says the company is exiting the wind power business to focus on its BOOT/BOOM projects in the transmission space.
Real estate majorDLF has sold its wind assets in Tamil Nadu and Rajasthan for Rs 240 crore, the proceed of which will be used to pare debt of the company.
Suzlon Energy has sold wind assets for about USD 40 million, reports CNBC-TV18.