Welspun Energy , India's biggest solar photovoltaic developer, which is backed by Apollo Global Management, is looking to securitize revenue from its 15-megawatt unit in Gujurat after three months of operation.

According to a Reuters report, private equity funding has had a big interest in renewables in India, such as solar and wind. Apollo Global in August bought a 22.5 billion rupee ($424 million) stake in Welspun Group, which is the private-equity firm’s biggest Indian deal.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.