BP sells Indian wind assets to Green Infra

BP has finally laid to rest the on-going market speculation regarding its Indian wind assets. The oil and gas major has issued a press release stating that it has sold its 100MW wind power portfolio in India to Green Infra, a JV between IDFC PE and Emergent Ventures. The transaction deal, including debt assumed by Green Infra, is valued at nearly USD 95m. Green Infra currently owns a 24MW wind farm in Tamil Nadu.