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Suzlon Completes Sale of Two of its Solar Subsidiaries to CLP Wind Farms for ₹990 Million

Suzlon previously sold 49% stake in each of these subsidiaries to CLP Wind Farms over the last two years

March 27, 2019

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Renewable project developer Suzlon Energy has announced that it has completed the sale two of its subsidiaries to CLP Wind Farms (India) Ltd (CLP). In a recent filing, Suzlon stated that it is selling the remaining stake in its subsidiaries S.E Solar Limited (SE Solar) and Gale Solar Farms Limited (Gale) for consideration of ₹765.5 million ($11.1 million) and ₹225.4 million ($3.3 million) respectively.

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