United States capitalists acquires 317 MW of solar in India
- Noting its 2nd framework financial investment in India, U.S.-based KKR will certainly get 169 MWp of Mumbai-based Shapoorji Pallonji Infrastructure's solar properties in Maharashtra as well as 148 MWp in Tamil Nadu for an amount of Rs 15.54 billion (about US$ 204 million).
UNITED STATE personal equity capitalist KKR has actually followed up its India financial investment in Sterlite Power's grid trust fund with a bargain to get 5 solar power possessions from Mumbai-based facilities developer Shapoorji Pallonji Infrastructure Capital (SP Infra).
According to the contract authorized with SP Infra, KKR will certainly get 5 solar power possessions from SP Infra-- 169 MWp in Maharashtra as well as 148 MWp in Tamil Nadu-- for an amount of Rs 15.54 billion (about US$ 204 million).
In 2015, in its initial framework financial investment in Asia, KKR, along with Singapore's sovereign riches fund GIC, spent Rs 10.84 billion (US$ 157 million) and also Rs 9.80 billion (US$ 142 million), specifically, to jointly possess a 42% risk in power framework investment company IndiGrid (India Grid Trust or the InvIT).
Also read
- Toyota Boshoku’s 5.7-MW Illinois Solar Array Powers 85 % of Plant Demand
- Fortescue’s 644-MW Pilbara Solar Hub Opens to Public Review Process
- AMPYR Secures $229 Million to Accelerate UK Solar-and-Storage Growth
- Qatar Consortium to Build 1 GW PV Plant in Syria
- Saudi Arabia's Rabigh 2 Solar Project Secures $220M Financing
