idfc

The firm’s strategy is diversification across different states, off-takers and supply sources, hence a new focus on rooftop PV.

Sembcorp Industries’ wholly-owned subsidiary Sembcorp Utilities has agreed to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR14.1 billion (US$220 million).

The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.

IDFC acquires 45MW India plants, Colorado Energy Office opens community solar array and Mato Grosso Do Sol ditches ICMS for solar self-consumption.