to-the-point: Ezon, Arcor form 1-GW solar JV in India
Solar farm. Author: iamme ubeyou. License: CC0 1.0 Universal.
Indian company Ezon Energy Solutions has established a joint venture with Turkish solar developer Arcor LLC to develop together 1 GW of solar projects in India, the Economic Times reports.
Hiten Shah, vice-chairman of Ezon, told the business daily that the joint company, Arcor Ezon, is to pour USD 1 billion (EUR 908m) in Indian projects. The stakes held by the partners in each project will be determined separately and the focus will be on southern India and Gujarat.
This deal marks Arcor’s entry into India. It has worked on solar projects in Turkey, Romania, and the UK, among other markets.