The clean energy major has raised investment from Finnish impact investor Finnfund in its public charging point operator business Fortum Charge and Drive India.
With the latest acquisition, the total operating renewable portfolio of the joint venture between Adani Green Energy and the French oil and gas major has reached 2,353 MW.
The Indian developer formed the joint venture to allow Total Solar Singapore—French oil and gas giant Total’s renewable arm—acquire half the stake in its 2.1 GW of current operational PV portfolio in India.
The purchased solar portfolio is relatively young, with average remaining power purchase agreement life of around 21 years.
The company cited delay in sale completion of Neo Solren as the reason for the pact’s cancellation with CLP India. The subsidiary was formed to set up and operate solar plants in Telangana.
The coal-fired power generator is exploring new avenues of business with thrust on sectors that do not require huge amount of debt and are focused on new technologies. It has decided to participate in coal block auction process with a view to profitably mine and sell coal commercially.
Having acquired a 37.5% stake in March, Yinson has now agreed to buy an additional 57.5% equity interest in Indian independent power producer Rising Sun Energy (RSE) with a cumulative operational capacity of 140 MW (AC) in the Bhadla Solar Park.
The New Delhi-headquartered power trading company has signed a Memorandum of Understanding with the South Korean power plant maintenance specialist to acquire and revive stressed assets in the power sector.
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