Shapoorji Pallonji Infrastructure Capital (SP Infra) will be selling five operational solar energy assets to global investment firm KKR for a total consideration of `1,554 crore, company said on Monday. The portfolio to be sold comprises 169 MW in Maharashtra and 148 MW in Tamil Nadu.
Mukundan Srinivasan, managing director of SP Infra, said, “This deal further demonstrates SP Infra’s continued track record of developing high-quality infrastructure assets in its chosen spaces, creating value for further growth in its businesses, and be the partner of choice for high-quality international investors like KKR.”
David Luboff, head (Asia Pacific Infrastructure) at KKR, said, “Given the growing demand across Asia Pacific for sustainable energy solutions, we also see this as a great example of how KKR can bring capital and expertise to assets to help meet the demand for infrastructure development”.
