CLP India and Suzlon in joint venture for solar projects in Maharashtra

CLP India and Suzlon in joint venture for solar projects in Maharashtra

CLP India and Suzlon have entered into a joint venture for two solar projects of 50 MW and 20 MW in Dhule district, Maharashtra. As per the terms of the agreement, CLP India will acquire 49% stake in two special purpose vehicles (SPV) - Gale Solarfarms and  Tornado Solarfarms set-up by Suzlon. The agreement further stated that CLP India has the option to acquire the balance 51% stake in the future.   

As per the agreement, Suzlon India will be responsible to provide comprehensive operation and maintenance services for these two projects that are already commissioned.

 

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