Torrent Power said that it has acquired Wind Two Renergy Private Limited, the holding company for a 50MW wind farm in Gujarat, for a price of INR 32.51 crores in cash. The company acquired Wind Two Renergy from lnox Green Energy Services (previously called lnox Wind Infrastructure Services). Wind Two Renergy operates the wind power […]
Torrent Power has been issued a letter of award from the Solar Energy Corporation of India Limited (SECI) for executing a 300MW wind farm in Karnataka, which will involve an investment of INR 2,600 crores. The award was won through a competitive bidding process. According to Torrent Power, the Karnataka wind farm is expected to […]
Torrent Power has agreed to acquire an operating 50MW solar power plant in the Indian state of Telangana for INR 417 crores. For this, the Indian energy and power company has signed a share purchase agreement (SPA) with SkyPower Southeast Asia III Investments and SkyPower Southeast Asia Holdings 2 Limited for acquiring 100% of Sunshakti […]
Torrent Power has closed the previously announced INR 300 crore acquisition of LREHL Renewables India SPV 1 Private Limited, a special purpose vehicle (SPV) which operates a 50MW solar power plant in Maharashtra. The SPV was acquired from Lightsource bp and UK Climate Investments (UKCI) as per a deal signed in July 2021. The acquired […]
Torrent Power said that it has wrapped up the previously announced acquisition of Surya Vidyut Limited (SPV), which operates 156MW wind farms across Gujarat, Rajasthan, and Madhya Pradesh. Surya Vidyut Limited was acquired from CESC Limited, a part of the RP-Sanjiv Goenka Group, Haldia Energy Limited, and other nominal shareholders. Its wind farms are underpinned […]
Torrent Power has agreed to acquire Visual Percept Solar Projects, the holding company for a 25MW solar power plant in Gujarat, from Blue Daimond Properties and Balrampur Chini Mills for a sum of around INR 163 crores. Blue Daimond Properties has a 55% stake, while Balrampur Chini Mills has the remaining 45% stake in Visual […]
Torrent Power Limited has agreed to acquire LREHL Renewables India SPV 1 Private Limited, the holding company of an operating 50MW solar power plant in Maharashtra for nearly INR 317 crores. The sellers of the solar power project are Lightsource India Limited and Lightsource Renewable Energy (India) Limited. The Lightsource solar power plant was commissioned […]
Adani Green Energy Limited (AGEL), through its fully-owned subsidiary – Adani Renewable Energy Holding Fifteen Limited (AREHFifteenL), has bagged a 150MW solar power project in Gujarat in a tender issued by Torrent Power. The fixed tariff for the solar power plant in Gujarat is INR2.22/ kWh for a period of 25 years. Adani Green Energy […]