PE-backed Indian power companies plan solar plants
Adani Group, whose publicly listed power subsidiary is backed by 3i Group, has commissioned India’s largest solar power project in what is its first foray into the renewable energy sector. The project at Kutch in Gujarat has an initial capacity of 40 megawatts but the company plans to expand it to 100 MW.
Separately, Azure Power, a solar power company backed by Helion Venture Partners and Foundation Capital, has commissioned a 5 MW plant in Rajasthan, VCCircle reported. The plant is being set up as part...
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