AGEL to acquire 75 MW solar capacities Sterling & Wilson for Rs 446 cr ...Middle East

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AGEL to acquire 75 MW solar capacities Sterling & Wilson for Rs 446 cr
source : Devdiscourse ( Middle East ) () 19
Adani Green Energy has signed definitive agreements with Sterling & Wilson for the acquisition of 100 percent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana. ''Adani Green Energy Limited (AGEL), one of the largest renewables companies in India, announced that it has signed a share purchase agreement for the acquisition of 100 percent stake in two SPVs holding 75 MW operating solar projects of Sterling & Wilson Private Limited, a Shapoorji Pallonji Group company,'' an AGEL statement said. The projects, commissioned in 2017, are located in Telangana and have long-term power purchase agreements (PPA) with the Southern Power Distribution

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