Suzlon Energy set to sell stake in 130 MW of solar projects

Suzlon Energy is learnt to be in advanced talks to sell stake in 130 MW of solar projects to raise Rs 1.1 billion by end-March 2017. The company had earlier divested 49 per cent stake in its solar power projects aggregating 210 MW for Rs 1.76 billion. It had sold 49 per cent stake in its 50 MW Prathmesh Solarfarms to Ostro Energy, and stakes in  Vayudoot Solarfarms and Rudra Solarfarms with 15 MW of capacity each to Unisun Energy and AMP Solar respectively. Further, Canadian Solar had bought 49 per cent stake in Amun Solarfarms and Avighna Solarfarms with 15 MW of capacity each. Meanwhile, CLP India had acquired 49 per cent stake in Suzlon’s 100 MW SE Solar power project, with the option to acquire the balance 51 per cent later.

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