India’s Torrent Energy closes purchase of 25-MW photo voltaic park in Gujarat

February 15 (Renewables Now) – India’s Torrent Energy Ltd has accomplished the acquisition of an organization holding a 25-MW photo voltaic park within the state of Gujarat from Blue Daimond Properties Pvt Ltd and Balrampur Chini Mills Ltd, it was introduced at the moment.

Particularly, Torrent Energy has taken over the agency Visible Percept Photo voltaic Tasks Pvt Ltd for an enterprise worth of round INR 1.63 billion (USD 21.7m/EUR 19m).

The solar energy plant in query has a 25-year energy buy settlement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL).

Torrent Energy, the built-in energy utility inside the Torrent Group, at present has about 3.9 GW of put in capability of which 0.8 GW comes from renewables. As well as, it has some 0.7 GW of renewable vitality tasks within the superior stage of acquisition or growth.

(INR 10 = USD 0.133/EUR 0.117)

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