Adani arm AGEL to acquire 50 MW solar asset from SkyPower Global
Adani Green Energy on Saturday said it has signed definitive agreements with the Toronto-headquartered SkyPower Global to acquire 100 per cent stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset in Telangana.
“Adani Green Energy Ltd (AGEL), one of the largest renewables companies in India, today announced that it has signed a share purchase agreement for acquisition of 100 per cent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global,” an AGEL statement said.
The project is located in Telangana and was commissioned in October 2017 and has a long-term Power Purchase Agreement (PPA) with the Southern Power Distribution Company of Telangana.
