India Infrastructure Fund II to Acquire Seven Solar Power Plants in Andhra Pradesh and Telangana, India from First Solar India

Published: Jul 31 2017
Deal Summary

India Infrastructure Fund II, a fund engaged in infrastructure investment, through its subsidiary Vector Green Energy Pvt. Ltd., has agreed to acquire seven solar power plants situated across Andhra Pradesh and Telangana in India, from First Solar India Limited, a renewable energy company and a subsidiary of First Solar, Inc. The combined installed capacity of the power plants will be 190 MW.

Deal History:

Rumor: On March 20, 2017, IDFC Alternatives is rumored to acquire solar power assets situated in India, from First Solar for a purchase consideration of USD200 million, as reported by the sources citing people familiar with the matter.

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