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An infrastructure fund of Australia’s Macquarie Group Ltd has agreed to buy about 330 megawatts (MW) of operational solar assets from power producer Hindustan Power projects Pvt. Ltd for an enterprise value of $600 million, said two people familiar with the discussions. The deal, which will give Macquarie an entry into India’s renewable energy sector, is in an advanced stage of completion and an agreement has been signed, these people said, asking not to be named as the discussions are private. Macquarie Asia Infrastructure Fund (MAIF) will hold a 100% stake in these assets, which are spread across 18 special purpose vehicles, largely in the state of Gujarat, these people said. The projects have been operational since 2010 and have thus signed power purchase agreements at tariffs higher than the prevailing solar energy tariffs.