IDFC Alternatives May Acquire Solar Power Assets in India from First Solar USD200 Million

Published: Mar 20 2017
Deal Summary

IDFC Alternatives Limited, a provider of infrastructure financing and project implementation services, intends to acquire solar power assets situated in India, from First Solar, Inc., a renewable energy company, for a purchase 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 200 MW. The transaction will imply a deal value of 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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