RattanIndia sells 306 MW of solar assets to GIP

The RattanIndia Group has sold 306 MW of solar assets to Global Infrastructure Partners (GIP) for an amount of Rs 16.7 billion. The portfolio of assets included ground-mounted solar projects with a cumulative capacity of 297 MW spread across Pavagada in Karnataka, Katol in Maharashtra, Bhadla in Rajasthan, Allahabad and Bareilly in Uttar Pradesh as well as 9 MW of rooftop solar projects spread across 10 cities. The average tariff of these solar power projects is Rs 4.50 per unit.

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