The Competition Commission of India (CCI) has given its approval for Continuum Energy Pte. Ltd. (CEPL) to acquire a 26% equity stake in Continuum Green Energy Holdings Ltd. (Continuum SG) from Clean Energy Investing Pte. Ltd. With this acquisition, Continuum SG will become a wholly owned subsidiary of CEPL.
CEPL, a Singapore-based holding company, serves as the promoter of Continuum SG and oversees renewable energy operations in India through its group entities. Continuum SG, also incorporated in Singapore, manages its Indian renewable power projects through Continuum Green Energy Limited (Continuum India) and its subsidiaries.
The CCI’s approval highlights the regulator’s continued support for strategic consolidation within India’s renewable energy sector, facilitating enhanced capital inflows, operational synergies, and accelerated growth of the country’s clean energy portfolio.
