IDFC Unit Buys 40 MW Of Solar Assets In India – Report


IDFC Unit Buys 40 MW Of Solar Assets In India – Report

Indian firm Vector Green Energy Pvt Ltd has purchased a 40-MW portfolio of grid-connected solar parks in the state of Madhya Pradesh, Mercom Capital reports.

The acquired assets are owned and operated by New Delhi-based power plants operator IL&FS Energy. The value of the transaction, confirmed to Mercom by Aditya Aggarwal, partner – infrastructure at IDFC Alternatives, was not disclosed.

According to Mercom, the deal covers two photovoltaic (PV) plants of 20 MW each that have 25-year power purchase agreements (PPAs). Read More…

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