United States capitalists acquires 317 MW of solar in India

Apr 27, 2020 07:23 PM ET

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 States capitalists acquires 317 MW of solar in India — Image: Slimdandy/flickr

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).

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