Virescent to buy 87.6 MWp solar projects in Uttar Pradesh
Virescent Renewable Energy Trust (VRET), backed by KKR & Co Inc, is planning to acquire 87.6 MWp of solar photovoltaic (PV) projects in India from Jakson Group.
Virescent has already signed an agreement in August 2022 to purchase a 10 MW/12.4 MWp portion of the portfolio, an operating solar park in the Lalitpur region of Uttar Pradesh. The plant, worth INR445 million (US$5.5 million), was commissioned in March 2015 and operates under a power purchase agreement (PPA) with Uttar Pradesh Power Corporation.
Country updates
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August 31, 2022
Indian Oil invites bids to purchase land for a 10 MW solar project in Odisha
Indian Oil Corporation Ltd. has invited bids to purchase 50 acres of land for a 10 MW solar photovoltaic (PV) project located in Odisha, India. The selected land must be continuous for up to a minimum...
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August 31, 2022
JSW Energy won a 500 MW/1 GWh Energy storage PPP project in Rajasthan
JSW Energy announced that it has won an auction held by Solar Corporation of India (SECI) for the development of battery energy storage system projects (BESS) in Rajastha...
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August 29, 2022
Avaada signs MoU for hydrogen and ammonia production plant in Rajasthan
Avaada Group has signed a Memorandum of Understanding (MoU) with the Department of Industries and Commerce of the State Government of Rajasthan for the development of a hydrogen and ammonia produ...
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August 29, 2022
O2 Power completes acquisition of 55 MW solar project from Emmvee Photovoltaics Power
O2 Power has completed the acquisition of two solar photovoltaic projects with a combined capacity of 55 MW from Bangalore-based solar panel manufacturer, Emmvee Photovoltaic Power Pvt. Ltd. The two...
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August 16, 2022
JSW Energy signs deal to acquire 1.75 GW renewable portfolio in India from Mytrah Energy
JSW Neo Energy, a unit of JSW Energy, has entered into an agreement with Mytrah Energy India Pvt. Ltd., a subsidiary of Mytrah Energy, to acquire a renewable energy portfolio with a combined...
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