{"id":348545,"date":"2020-04-28T11:09:16","date_gmt":"2020-04-28T05:39:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348545"},"modified":"2020-04-28T11:35:09","modified_gmt":"2020-04-28T06:05:09","slug":"sp-infra-sells-5-solar-energy-assets-to-kkr-for-%e2%82%b91554-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sp-infra-sells-5-solar-energy-assets-to-kkr-for-%e2%82%b91554-crore\/","title":{"rendered":"SP Infra sells 5 solar-energy assets to KKR for \u20b91,554 crore"},"content":{"rendered":"<p>In a bid to bring down debt, Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold its five operational solar energy assets, with combined capacity of 317 MW, to investment firm KKR for \u20b91,554 crore.<\/p>\n<p>As a part of the deal, SP Infra will sell 169 MW of solar projects in Maharashtra and 148 MW of projects in Tamil Nadu. Mukundan Srinivasan, Managing Director of SP Infra, said: \u201cThis deal further demonstrates SP Infra\u2019s 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.\u201d<\/p>\n<p>This is not the first time that Shapoorji has sold off a business in the solar energy segment to a private equity investor. In March last year, SP Infra sold 194 MW of operating solar portfolio to British Private Equity firm Actis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to bring down debt, Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold its five operational solar energy assets, with combined capacity of 317 MW, to investment firm KKR for \u20b91,554 crore. As a part of the deal, SP Infra will sell 169 MW of solar projects in Maharashtra and 148 MW of projects in Tamil Nadu. Mukundan Srinivasan, Managing Director of SP Infra, said: \u201cThis deal further demonstrates SP Infra\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-348545","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348545"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348545\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}