CLP India buys 49% stake in Suzlon’s solar project for $11m

CLP India buys 49% stake in Suzlon’s solar project for $11m

Photo: Pixabay

CLP India Pvt. Ltd, one of the largest foreign investors in India’s power sector, on Monday said it has bought a 49% stake in SE Solar, a solar power unit of wind turbine maker Suzlon Energy Ltd, for Rs.73.5 crore. The special purpose vehicle (SPV) of Suzlon Energy is building a 100 megawatts (MW) solar energy plant at Veltoor in Telangana.

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