Edelweiss Infra fund eyes exit from solar asset venture with Engie

Edelweiss Infrastructure Yield Plus (EIYP) is reportedly selling its 74% stake in its 1.2 GW solar platform, co-owned with Engie. Standard Chartered Bank is managing the sale, approaching potential buyers, including state-run energy firms. EIYP acquired the stake in 2021 for $550 million. The portfolio has grown from 813 MW to 1.