IDFC Alternatives acquires 40 MW of solar projects in Madhya Pradesh

Vector Green Energy, a wholly owned subsidiary of IDFC Alternatives, has acquired 40 MW of grid-connected solar power projects in Madhya Pradesh. These projects are owned and operated by IL&FS Energy. Reportedly the capacity consists of two projects of 40 MW each developed under the National Solar Mission Phase II Batch I, commissioned in May 2015. After this acquisition, the company will acquire another 200 MW of operating capacity from different owners by March 2018.