Sembcorp, Hexa Climate Solutions vie for the India renewables business of Italy’s Enel in $300-million deal

IPO-linked Singaporean Sembcorp Industries Ltd’s Indian renewable energy business and Hexa Climate Solutions are vying to acquire Italy’s Enel Group’s entire Indian renewable energy business in a deal worth around $100 million and $300 million respectively, according to two people aware of the development. Sembcorp has a presence in India through Sembcorp India Private Limited and Sembcorp Green Infra Ltd (SGIL) and other subsidiaries; Hexa is backed by I Squared Capital.