Edelweiss infra fund acquires regulating risk in India solar assets of France's Engie

• Edelweiss Infrastructure Yield Plus, managed by Edelweiss Option Asset Advisors, has actually wrapped up the purchase of a regulating stake in the Indian solar power assets of French energy Engie.

The partnership in between Edelweiss Infrastructure Yield Plus as well as Engie is aimed at creating a solar platform with a strategy to add two gigawatt (GW) assets in India over the following number of years.

These assets will certainly be established by Engie and acquired by Edelweiss Infrastructure Yield Plus.

Along with investee company Sekura Power, Edelweiss Infrastructure Yield Plus has actually taken the initial step towards acquisition of 74% stake in the solar portfolio of Engie that has 813 megawatts-peak (MWp) of operating ability.

Sekura Power is the energy sector-focused platform of Edelweiss Infrastructure Yield Plus, with a concentrate on investing, getting as well as operating assets in the energy field.

" Obtaining running infrastructure assets helps programmers to unlock resources and de-lever, allowing them to handle newer and also bigger chances. As India shifts to tidy energy, this model will be the core to the nation's enthusiastic sustainable capability expansion programme," claimed Hemant Daga, president of Edelweiss Asset Administration.

Subahoo Chordia, head of infrastructure fund company, Edelweiss Choice Asset Advisors, said, "This collaboration accelerates our strategy to become a leading infrastructure asset owner and also financier."

Edelweiss Alternative Asset Advisors focuses on offering lasting development funding to business and also tasks. Edelweiss Infrastructure Yield Plus spends across transmission, solar power and also freeways. It has capital commitments from both domestic and also global financiers.