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Suzlon inks JV with CLP India for two solar projects in Maharashtra

11 September, 2018 6:22 AM
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Suzlon inks JV with CLP India for two solar projects in Maharashtra

CLP India has the option to acquire the balance 51 percent stake in the future, it added.

Wind turbine maker Suzlon Tuesday announced a joint venture (JV) with CLP India for two solar projects with of 50 megawatt (MW) and 20 megawatt (MW) in Dhule, Maharashtra.

"As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, CLP India has agreed to acquire 49 percent stake in Gale Solarfarms Ltd and Tornado Solarfarms Ltd, two special purpose vehicles (SPV) set-up by Suzlon," Suzlon said in a BSE filing.

Also read: State Bank of India to install solar panels over 10,000 ATMs in 2 years

Source: moneycontrol.com

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