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CapitaLand plans to develop renewable energy as a standalone biz in India

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Renewables 10 Jan 2024 11:50 PM IST The Hindu BusinessLine

Having made its name in real estate assets, Singapore-headquartered CapitaLand Investment Ltd is seriously considering the renewable energy sector as an industry where it can operate and grow in India.

The global real estate investment and management firm’s proposed push towards renewable energy space is aimed at meeting its own clean energy requirements and also emerging as a third-party supplier in the future.

CapitaLand, previously known as Ascendas, has a well-diversified portfolio in India with assets across business parks, logistics, and industrial infrastructure and serviced apartments and data centres in 7 cities in India. With over 3 decades of operations in India, its total assets under management are about ₹31,000 crore.