The Tata Power Company Limited (BSE:500400), Adani Green Energy Limited (NSEI:ADANIGREEN), KKR-backed Serentica Renewables India Private Limited and Greenko Energy Holdings are among 15 suitors for Statkraft?s India unit (Statkraft India Private Limited) that has been put on the block by the Norway government-owned renewable power company as it has decided to exit its two decade-old investment here, said people familiar with the matter. The suitors signed non-disclosure agreements (NDA) to participate in a bidding process for the company on April 9, 2025. Statkraft has a diversified renewable energy generation portfolio in India composed of wind, solar, hydro and hybrid power plants.

Others in the fray include ReNew Po- wer, Avaada Energy, Waaree Energies Limited (NSEI:WAAREEENER), Edelweiss Alternate Assets, Energielis which is promoted by Statkraft?s former India head Rahul Varshney, Gentari, two public sector undertakings and three investment firms, the sources cited earlier said. Statkraft is seeking between $1.5 billion - $2 billion for the India unit which has a renewable energy generation portfolio of 2 gigawatts comprising operational and under construction projects. Tata Power declined to comment.

Serentica Renewables said it regularly evaluates potential business opportunities as part of its business strategy. ?Signing a non-disclosure agreement is a routine step in assessing such prospects?, said a spokesperson for Se- rentica Renewables. Adani Green, Greenko, ReNew Power, Avaada Energy, Waaree Energies, Energielis and Gentari did not respond to requests for comment.

To provide options to potential suitors, the India unit is being sold in four packages, according to sources. The first package is composed of wind and solar power projects in Rajasthan with capacity of 1.5 gigawatt. The second package is composed of two operational hydro power plants located at Malana and Allain Duhangan in Himachal Pradesh which are 49:51 joint ventures with the local LNJ Bhilwara group.

The third and fourth packages are single hydropower assets located at Tidong in Himachal Pradhesh and Kedarnath in Uttarakhand respectively.