IndiGrid acquires 100 MW solar assets from FRV for Rs 660 crore
Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of entire stake in two solar energy assets with cumulative capacity of 100 MW from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore.
IndiGrid’s acquisition of its first solar asset is an important milestone in the Indian infrastructure sector as this marks the first renewable energy acquisition by any InvIT in the country, the company said in a statement.
“India Grid Trust, India’s first power infrastructure investment trust (InvIT), announced the completion of acquisition of 100 per cent stake in two solar assets with cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 6.6 billion (Rs 660 crore),” it said.
