Torrent Power enters deal to acquire 50 MW solar farm in Maharashtra
Torrent Power Ltd has signed a deal to acquire a 50 MW solar photovoltaic project in Maharashtra in India for a total consideration of INR3.17 billion (US$42.65 million).
The deal is signed with a special purpose vehicle (SPV) setup of Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd that develops the solar farm. Lightsource India is a joint venture between Lightsource BP and UK Climate Investments LLP (UKCI).
The project has secured a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India Ltd.
Country updates
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August 05, 2021
Omers to buy 19.4% stake in Azure Power
OMERS Infrastructure has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I a 19.4% stake in Azure Power Global Limited, for a total c...
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July 29, 2021
Global Power finalizes acquisition of minority stake in Avaada Energy
Global Power Synergy Pcl, the listed power unit of Thailand’s state-owned PTT Group, has acquired a stake in Indian renewable energy provider Avaada Energy Pvt for about THB14.8 billion (US$454....
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July 26, 2021
Siemens Gamesa to deliver turbines for 623 MW Onshore wind farms in India
Siemens Gamesa has received an order from ReNew Power to supply its industry-leading turbines to a 322 MW Tondehal wind project and 301 MW Hombal project both located in the state of Karnataka, I...
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July 23, 2021
AIIB approves US$50mn financing for 300 MW Thar Surya solar project
The Asian Infrastructure Investment Bank (AIIB) has approved the US$50 million debt financing package to support the development of a 300 MW solar photovoltaic project in India. The 300 MW ...
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July 22, 2021
NTPC wins 325 MW of Shajapur Solar Park in Madhya Pradesh
NTPC Renewable Energy Ltd (NTPC REL) has won the bid to set up 450 megawatts (MW) of solar power projects at Shajapur solar park in Madhya Pradesh. India’s largest power generation utility quot...
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