Adani Green Energy Limited (AGEL) has agreed to acquire a 100% stake in an SPV in Toronto-headquartered SkyPower Global’s 50 MW operational solar project.
The project is located in Telangana and was commissioned in October 2017 and has a long term purchase agreement (PPA) with Southern Electricity Distribution Company of Telangana.
Upon completion of the acquisition, AGEL will increase its operational renewable capacity to 3,395 MW with a total renewable portfolio of 14,865 MW.
The closing of the transaction is subject to customary approval and conditions, the company said in a statement.
Leave a Reply