{"id":409424,"date":"2021-04-06T10:06:48","date_gmt":"2021-04-06T04:36:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409424"},"modified":"2021-04-06T11:49:06","modified_gmt":"2021-04-06T06:19:06","slug":"radiance-buys-azures-152-mw-solar-rooftop-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/radiance-buys-azures-152-mw-solar-rooftop-assets\/","title":{"rendered":"Radiance buys Azure&#8217;s 152 MW solar rooftop assets"},"content":{"rendered":"<p>Radiance Renewables, provider of renewable energy solutions, will acquire solar rooftop assets worth 152 MW of Azure Power Global, for Rs536.5 crore.<\/p>\n<p>Radiance is a 100% subsidiary of the Green Growth Equity Fund (GGEF), India\u2019s leading Climate fund, managed by EverSource Capital.<\/p>\n<p>Through this acquisition, Radiance will service high-quality customers such as Indian Railways, DMRC, JNV, DJB amongst others where 99% of PPAs are for 25 years, said a company statement.<\/p>\n<p>\u201cThis strategic acquisition will position Radiance as a significant pan India player in the Commercial, Industrial and Institutional segments with exposure to long term power purchase agreements with quality customers based on net metering in the build-out of its distributed generation platform,&#8221; said Manikkan Sangameswaran, Executive Director, Radiance Renewables.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Radiance Renewables, provider of renewable energy solutions, will acquire solar rooftop assets worth 152 MW of Azure Power Global, for Rs536.5 crore. Radiance is a 100% subsidiary of the Green Growth Equity Fund (GGEF), India\u2019s leading Climate fund, managed by EverSource Capital. Through this acquisition, Radiance will service high-quality customers such as Indian Railways, DMRC, JNV, DJB amongst others where 99% of PPAs are for 25 years, said a company statement. \u201cThis strategic acquisition will position Radiance as a significant pan India player in the Commercial, Industrial and Institutional segments with exposure to long term power purchase agreements with quality [&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":[130,239,136],"tags":[],"class_list":["post-409424","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409424","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=409424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}