Technique Solaire Group Acquires 117.5 MWp Solar Project in Tamil Nadu, India from ReNew Energy Global
Technique Solaire Group has signed a Share Purchase Agreement to acquire a 117.5 MWp (100 MW AC) operational solar project in Tamil Nadu, India from ReNew Energy Global Plc. Commissioned in September 2019, the project operates under a 25-year PPA with TANGEDCO. The transaction is carried out through Technique Solaire's Indian subsidiary JLT Energy 9 and is expected to close subject to customary conditions.
Transaction date:
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 118 MW
- Transaction price
- Not disclosed
- Buyer
- Technique Solaire
- Seller
- ReNew Energy
- Country
- India
- Region
- Tamil Nadu
- Location
- Tamil Nadu, India
- Continent
- Asia
- Development status
- Operational
- PPA
- Yes
Technology details
117.5 MWp (100 MW AC) ground-mounted solar PV project, commissioned in September 2019. Transaction carried out through Technique Solaire's India-focused subsidiary JLT Energy 9.
Power purchase agreement (PPA)
25-year Power Purchase Agreement (PPA) with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), providing long-term revenue visibility.
Additional information
Technique Solaire Group is active in France, Spain, the Netherlands and India. This acquisition supports the group's ambition to build a diversified global portfolio of renewable energy assets and its 2030 growth targets. The transaction was announced via LinkedIn; no press release URL available.
Source
Compiled by Renewables.digital from public announcements.