IDFC Alternatives $300 million acquisition of First Solar’s India solar portfolio

Overview:

• IDFC Alternatives has acquired First Solar’s India solar portfolio for $300 million.
• The portfolio included four SPVs - Mahabubnagar Solar Parks, Polepally Solar Parks, Winsol Solar Fields (Polepally) and Hindupur Solar Park.
• The vehicles are engaged in implementation of seven operational solar power projects in Telangana and Andhra Pradesh with an aggregate capacity of 190MW.

Katrin Kostadinova - Data analyst