From pv magazine India
U.S. private equity investor KKR has followed up its India investment in Sterlite Power’s grid trust with a deal to acquire five solar energy assets from Mumbai-based infrastructure developer Shapoorji Pallonji Infrastructure Capital (SP Infra).
As per the agreement signed with SP Infra, KKR will acquire five solar energy assets from SP Infra – 169 MWp in Maharashtra and 148 MWp in Tamil Nadu – for a sum of Rs 15.54 billion (approximately US$204 million).
Last year, in its first infrastructure investment in Asia, KKR, together with Singapore’s sovereign wealth fund GIC, invested Rs 10.84 billion (US$ 157 million) and Rs 9.80 billion (US$142 million), respectively, to collectively own a 42% stake in power infrastructure investment trust IndiGrid (India Grid Trust or the InvIT).
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.