Clean Energy, Clear Intent: Evergreen Power Reaffirms Commitment Despite Restructuring

BDO Appointed Receiver for Evergreen Power’s Mauritius Arm Amid Creditor Claims.

BDO has been appointed as the receiver for the Mauritius-based funding arm of PE-backed Evergreen Power, following creditor claims, sources revealed. In Mauritius, such appointments typically indicate creditor action. Evergreen Power, however, declined to comment on internal matters, citing company policy. The affected Mauritius entity has channelled capital into Evergreen Power’s Indian operations, which are actively executing over 1 GW of renewable energy projects for state-run entities like SECI, NTPC, and SJVN. Supported by UK-based Devonport Capital, Evergreen continues to assure stakeholders of its commitment to project delivery in India. Indian banks have issued guarantees backing their ongoing projects. Since its founding in 2012, with headquarters in Chicago and Mumbai, the company has developed multiple clean energy assets, including a 23 MW solar PV plant in Telangana. Despite current restructuring moves, Evergreen Power remains focused on driving forward India’s clean energy transition alongside industry giants like Adani Green and ReNew Power.