Ayana Renewable acquires two solar power assets of First Solar in Karnataka

Ayana Renewable Power on Tuesday said it has acquired 100 per cent equity stake in two First Solar-developed photovoltaic (PV) solar power plants in Karnataka for an undisclosed amount. The total capacity of these plants is 40 megawatts (MW), the company said in a statement. “The 100 per cent acquisition of the two projects, located in Karnataka, is part of its strategic mission to deliver high-quality projects organically and inorganically, to create value for its shareholders,” it said.