Virescent Infrastructure announced the acquisition of its sixth renewable energy-focused infrastructure investment trust (InvIT), Virescent Renewable Energy Trust (VRET), from Mumbai-based Samta Energy. The acquisition brings the company’s total portfolio size to 563 MWp.
Samta Energy developed and commissioned a 25 MW solar project in Gujarat’s Surendranagar district in January 2012. This 200 acre project employs thin-film modules and provides power to the Gujarat government state utility.
In May 2021, Virescent Infrastructure announced the acquisition of 76 MWp of Indian solar assets from Singapore’s Sindicatum Group. These PV assets are located across three states and are signed with long-term power purchase agreements (PPA) with government off-takers.