Chubu Electric Power is in advanced talks to buy a stake in India\u2019s Continuum Green Energy at a valuation of at least $1 billion, according to people familiar with the matter.<\/p>\n
The Japanese power developer is nearing a deal to buy about $150 million to $200 million of new shares in Continuum, the people said, asking not to be identified because the information isn\u2019t public. That would amount to a stake of about 15% in the renewable energy company, one of the people said.<\/p>\n
A deal could be signed before the end of May, another person said. Discussions are ongoing and no final decision has been made, the people said, adding that Mumbai-based Continuum might decide against a stake sale.<\/p>\n
A spokesperson for Chubu Electric said nothing has been decided. Continuum didn\u2019t respond to requests for comments.<\/p>\n
Continuum was planning for an initial public offering last year after British specialist investment fund Just Climate agreed to invest $150 million in 2024. The current regulatory approval for the IPO will lapse in April, and Continuum has paused its plans for it, the people familiar said.<\/p>\n
Founded in 2009, Continuum supplies green power to commercial and industrial consumers and owns a portfolio of 4.7 gigawatts, including operational and under construction, its website shows.<\/p>\n
If the Chubu Electric deal goes through, Continuum will use the funds for small acquisitions and to grow organically, one of the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"Chubu Electric Power is in advanced talks to buy a stake in India\u2019s Continuum Green Energy at a…\n","protected":false},"author":2,"featured_media":15450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[217,215,12488,12489,4848,34,290,1213,214,216,5538],"class_list":{"0":"post-15449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-of-japan","10":"tag-chubu-electric","11":"tag-continuum-green-energy","12":"tag-electricity","13":"tag-energy","14":"tag-india","15":"tag-india-japan-relations","16":"tag-japans-business","17":"tag-japanese-business","18":"tag-utilities"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/15449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=15449"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/15449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/15450"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=15449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=15449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=15449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}