First Solar May Sell Solar Power Assets in India for USD200 Million

Published: Mar 20 2017
Deal Summary

First Solar, Inc., a renewable energy company, intends to sell solar power assets situated in India, for a consideration of USD200 million, as reported by the sources citing people familiar with the matter. The combined installed capacity of the solar power assets is expected to be between 190 MW and 200 MW. The maximum transaction value would be USD1 million per MW.

Currently, First Solar has a total portfolio of around 260 MW, located in Andhra Pradesh and Telangana, India.

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