Indian renewable energy firm Suzlon Energy Ltd has sold two solar subsidiaries, SE Solar Ltd and Gale Solarfarms Ltd, to CLP Wind Farms (India) Private Ltd.
The sale was for a total of INR991 million (US$14.4 million), according to a filing on the Bombay Stock Exchange (BSE).
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
SE Solar was sold for INR765.5 million and Gale Solarfarms for INR 225.4 million.
No further details on the matter were disclosed in the filing.
CLP India made its debut in solar energy in June 2016 by buying a 49% stake in a SE Solar.
Suzlon originally acquired Gale Solarfarms in April 2016.
