KKR's Virescent gets 20-MW Indian PV park from Jakson Group

• Indian platform Virescent Renewable Energy Trust (VRET) has actually gotten a 20-MW/25.9 MW DC solar park in the state of Rajasthan from domestic power as well as framework business Jakson Group.

The plant will certainly be had by VRET's subsidiary Universal Saur Urja Pvt Ltd, the parent company stated in a bourse declaring on Wednesday. The purchase was concurred at the end of September and was performed with a slump sale. The enterprise value of the transaction is approximated at INR 1.28 billion (USD 15.5 m/EUR 15.8 m).

Found in the Jodhpur area of Rajasthan, the photovoltaic (PV) farm is run through a 25-year power acquisition contract (PPA) with NTPC Vidyut Vyapar Nigam, which was checked in January 2012. The plant has been generating electrical energy considering that February 2013. In the fiscal year with March 2022, it brought revenues of some INR 236 million.

VRET is backed by global investment firm KKR & Co Inc (NYSE: KKR). The platform stated the most up to date purchase was performed as part of its investment strategy.