Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon has sold the two subsidiaries which own a total of 30 MW capacity of solar energy projects in Rajasthan for a total sum of ₹297.3 million ($4.29 million)

April 10, 2019

/ shaurya

/ Finance and M&A, Solar

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Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two subsidiaries are Shreyas Solarfarms Limited (Shreyas Solar) and Aalok Solarfarms Limited (Aalok Solar).

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Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

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