IndiGrid acquires 100 MW solar assets from FRV for Rs 660 crore
NEW DELHI: Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of an entire stake in two solar energy assets with a 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.
