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Singapore fund and British developer eye stake in UK government’s south Asian renewables company

February 18, 2019 / UMA GUPTA

U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale. Mumbai-based investment fund EverSource Capital is preparing to take a $100 million slice of U.K. government-funded developer Ayana Renewable Power, according to a report in The Economic Times. EverSource is a JV between the Singapore-based Everstone Group private equity fund and U.K. renewables developer Lightsource BP which rebranded itself last year after oil and gas giant BP acquired a 43% stake in it.