AGEL To Acquire Solar Asset From SkyPower Global
Adani group firm Adani Green Energy Ltd (AGEL) has signed definitive agreements with the Toronto-headquartered SkyPower. The agreement is to acquire a 100 percent stake in a special purpose vehicle (SPV). The SPV owns 50 MW operating solar assets in Telangana.Â
The project was commissioned in October 2017 and has a long-term Power Purchase Agreement (PPA) with the Southern Power Distribution Company of Telangana.