Macquarie interested in buying renewable energy assets of crisis-hit IL&FS

Discussions are at an early stage, and may not result in a deal, people in the know said

Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing & Financial Services people familiar with the matter said.

GAIL India and Solar Energy Corporation of India have also submitted expression of interest to buy the assets, the people said asking not to be identified as the information isn’t public. IL&FS is expecting the sale of wind and solar energy assets to fetch as much as Rs 8000 crore ($1.14 billion), one of the people said.

Discussions are at an early stage, and