{"id":402502,"date":"2021-03-01T11:05:01","date_gmt":"2021-03-01T05:35:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402502"},"modified":"2021-03-01T11:42:28","modified_gmt":"2021-03-01T06:12:28","slug":"o2-power-to-buy-stake-in-hero-future-energies-rajasthan-spv","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/o2-power-to-buy-stake-in-hero-future-energies-rajasthan-spv\/","title":{"rendered":"O2 Power to buy stake in Hero Future Energies\u2019 Rajasthan SPV"},"content":{"rendered":"<p>NEW DELHI: O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Ltd\u2019s special purpose vehicle (SPV)&#8211;Clean Solar Power Bhainsada&#8211;that is setting up a 250 megawatt (MW) solar capacity in Rajasthan, said two people aware of the development.<\/p>\n<p>The SPV won this project by quoting a tariff of Rs2.53 per unit and has a 25-year power purchase agreement (PPA) with state-run Solar Energy Corporation of India (SECI). An announcement is expected to be made shortly about this sale, that will help O2 Power reach a 1.23-gigawatt (GW) portfolio.<\/p>\n<p>This sale is part of the transaction for which Hero Future Energies has mandated HSBC to sell 500 MW of pre-construction assets. With an installed capacity of 1.7 GW and an additional 1.5GW under construction, Hero Future Energies plans to build a 3.5GW operating portfolio by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Ltd\u2019s special purpose vehicle (SPV)&#8211;Clean Solar Power Bhainsada&#8211;that is setting up a 250 megawatt (MW) solar capacity in Rajasthan, said two people aware of the development. The SPV won this project by quoting a tariff of Rs2.53 per unit and has a 25-year power purchase agreement (PPA) with state-run Solar Energy Corporation of India (SECI). An announcement is expected to be made shortly about this sale, that will help O2 Power reach a 1.23-gigawatt (GW) [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-402502","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402502","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402502"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402502\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}