Technique Solaire Acquires 135MWp in India
- Experience the power of renewables as Technique Solaire Group adds 135.4 MWp of solar farms to its India portfolio. Generating 215 GWh of electricity per year, the solar farms will drive the company’s ambitious international expansion plans.
France’s Technique Solaire Group has acquired five ground-mounted solar farms in the Indian state of Karnataka from Indian renewables company ReNew Energy Global Plc. The solar farms have a combined capacity of 135.4 MWp and generate 215 GWh of electricity per year. They are backed by a long-term power purchase agreement with several electricity and gas distribution companies in Karnataka.
The acquisition has added 210MWp of capacity to Technique Solaire’s India portfolio, and the company is aiming to reach 350MWp by the end of 2025. Technique Solaire recently raised EUR 200 million to support its international expansion plans, and the firm’s Managing Director in India, Manu Bishnoi, has described the acquisition as “significant” and “a demonstration of our ability to successfully conclude M&A deals above 100 MW in India.”
What Capacity Has Technique Solaire's Acquisition of Solar Farms in India Added?
- Technique Solaire’s acquisition of the five solar farms has allowed the company to add 210MWp of capacity to its India portfolio.
- The acquisition is a part of the company’s plan to reach 350MWp by the end of 2025.
- The five solar farms, which have a combined capacity of 135.4 MWp, are backed by a long-term power purchase agreement with several electricity and gas distribution companies in Karnataka.
- The acquisition is a milestone for the company, as it is a demonstration of their ability to successfully conclude M&A deals above 100 MW in India.
- The solar farms generate 215 GWh of electricity per year, supplying a sustainable, renewable energy source for the people of Karnataka.