EverSource Capital plans to buyout Azure Power’ entire solar rooftop portfolio for around $112 million

In what may rank among the largest solar rooftop deals in India, EverSource Capital plans to buy out the entire 167 MW solar rooftop portfolio of NYSE-listed Azure Power Global for around $112 million, said two people aware of the development.

The sales process for International Finance Corporation (IFC) and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) backed one of India’s largest solar rooftop portfolio is being run by KPMG.

The deal activity in India’s green energy space that was subdued on account of the coronavirus pandemic has now gained traction and has also permeated to the solar rooftop space.

This assumes significance given that developers are looking for growth capital in the backdrop of India being home to the world’s largest clean energy programme.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button