ThomasLloyd Energy finalizes acquisition of Indian solar platform
ThomasLloyd Energy Impact Trust plc has acquired the remaining 57% of SolarArise India Projects Pvt. Ltd, which owns 434 MW solar farms in India, 234 MW of which are operational, and 200 MW of which are ready to be constructed.
With the US$38.5 million deal, ThomasLloyd Energy is now the sole owner of the platform. The initial 43% stake acquisition was completed in August 2022.
SolarArise obtains all of its operating revenue from 25-year government or quasi-government power purchase agreements at a fixed price.
Country updates
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January 16, 2023
MoU signed for 250 MW/500 MWh battery energy storage system in India
ONGC Tripura Power Company Ltd (OTPC) has signed a Memorandum of Understanding (MoU) with the Assam Power Distribution Company Ltd (APDCL) for the development and construction of the 250 MW/500 MWh ba...
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January 06, 2023
SJVN starts construction on 1 GW solar project in Bikaner
SJVN has started the construction of the 1 GW Bikaner solar power project in the Indian state of Rajasthan. The utility continues to expand its solar project development in the state after announ...
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January 04, 2023
MSEDCL launches RfS for 550 MWac solar PV capacity in Maharashtra
Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has launched a Request for Selection (RfS) tender from interested bidders for the procurement of up to 550 MW AC ground-mounted solar photo...
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January 04, 2023
Tender issued for solar PPP project in India
Indian Oil Corporation Limited has launched a tender seeking bidders for the Ground Mounted Solar PV plant public-private partnership (PPP) project in Dhanaj, India.
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January 02, 2023
Tender issued for 100 MW floating solar PPP project in India
Coal India Ltd. has launched a request for proposals (RFP) for the operations and maintenance (O&M) of the 100 MW Floating Solar public-private partnership PPP projects in India.
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