New Delhi: In an indication of growing consolidation in the Indian wind energy sector, Ravi Jhunjhunwala’s LNJ Bhilwara Group has put up its wind energy portfolio for sale and hired Yes Bank Ltd to run the process. According to the 2015-16 annual report of Bhilwara Energy Ltd (BEL), the holding company for the group’s power businesses, the company has a wind power project portfolio of 103.5 megawatts (MW). “LNJ Bhilwara Group plans to sell its entire wind project portfolio and has appointed Yes Bank for running the process,” a person aware of the development said, requesting anonymity. Of this wind energy projects alone account for 28,083MW, ranking India fourth, behind China, the US and Germany. The wind energy sector is, meanwhile, grappling with issues such as squatters encroaching on good wind potential sites, inordinate delays in signing of PPAs and untimely payments.

Source: Mint February 19, 2017 18:22 UTC