Piramal Group is considering setting up an aggregation cum investment platform for renewable energy assets focusing on solar and wind energy, group chairman Ajay Piramal told Mint.

The company is also looking to get an external investor to set up the renewable energy cum asset aggregation business, he told the newspaper in an interview, adding that the platform could be along the lines of the $1 billion stressed assets platform.

“Through Piramal Capital’s debt business, we have funded 11 percent of renewables capacity till date. We are open to a strategic alliance with a suitable capital provider, at an appropriate point in time,” Piramal told the paper.

First Published:Jul 31, 2018 8:52 AM IST