Industry Newsroom

IDFC Alternatives to Acquire India Solar Power Assets (Asia)

India-focused private equity and infrastructure fund manager IDFC Alternatives has reportedly agreed to acquire seven India-based solar power projects from U.S.-based global solar energy developer First Solar for INR19.5 billion (approximately US$304 million). IDFC will acquire the projects, which have a total capacity of 190 megawatts, through Vector Green Energy, a renewable energy platform backed by IDFC’s India Infrastructure Fund II.