Macquarie Infra may buy HPPPL’s solar portfolio

MUMBAI: Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks to acquire a 320-MW portfolio of solar assets from Hindustan Power Projects Pvt. Ltd (HPPPL), two people familiar with the development said. HPPPL, formerly known as Moser Baer Projects Pvt Ltd, has over 600 of solar capacity. The sale is expected to fetch HPPPL a valuation of around $300 million, said one of the two people cited above, requesting anonymity as the talks are private.