ENGIE to sell 74 per cent stake in its Indian solar assets to edelweiss infrastructure yield plus

ENGIE, a French multinational electric utility company, will sell a 74 per cent stake in its solar assets in India. Under the agreement, ENGIE will sell 12 solar assets with a total operating capacity of 813 MW to Edelweiss Infrastructure Yield Plus (EIYP) and Sekura Energy Limited, a portfolio company of EIYP. The transaction is expected to take place during the first half of 2020 and will help ENGIE reduce its net debt by over Euro 400 million.

 

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