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Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra

The total value of the transaction is estimated to be around ₹3.17 billion

August 2, 2021

/ Rakesh Ranjan
/ Finance and M&A, Solar
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Gujarat-based power generation company Torrent Power has signed an agreement with Lightsource India and Lightsource Renewable Energy to acquire 100% of the share capital and all securities of the special purpose vehicle (SPV) Lightsource Renewable Energy Holdings Limited (LREHL) Renewables India SPV1, which operates a 50 MW solar project.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
Lightsource BPMaharashtraSolarSPVTorrent Power
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