Malaysia's Yinson buys into 140-MW package of Indian solar parks
- Malaysia's Yinson Holdings Bhd (KLSE: YINSON) has actually consented to get a 37.5% risk in the proprietor of a 140-MW profile of solar parks in India.
Under numerous arrangements, Yinson has actually acquired the minority shareholding in India-based Rising Sun Energy Pvt Ltd for INR 554 million (USD 7.3 m/EUR 6.6 m), the Malaysian company stated previously today. It will certainly additionally give some INR 600 million to settle specific arrearage of Rising Sun Energy.
The certain profile consists of 2 photovoltaic (PV) parks situated within the Bhadla solar facility in Rajasthan. They were brought online in 2017 as well as run under 25-year power acquisition arrangements (PPAs) with residential utility NTPC Ltd (BOM:532555). The offtake offers stand up until 2042.
The offer, accomplished via Yinson Renewables Pte Ltd, notes the Malaysian firm's access right into the renewables field, its CEO Lim Chern Yuan stated. Yinson Holdings established its renewables subsidiary in 2019.
Also read
- Inox Clean Energy Buys Skypower, Adds 50-MW Indian Solar Portfolio
- Ardian Evergreen Fund Acquires 116-MW Italian Solar Portfolio under FiTs
- Zelestra Clinches $282m Financing for 220-MW Aurora Solar-Storage Hybrid Project
- R.Power Picks Nomad Electric for 55-MWp Solar Project in Romania
- 2C Energia Launches First Solar Park in Brazil Pipeline
