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to-the-point: Hero Future reportedly targeting FRV solar project in India

Fotowatio Renewable Ventures (FRV) photovoltaic (PV) plant in India

January 21 (Renewables Now) - Hero Future Energies Pvt Ltd is discussing the potential purchase of a 135-MW solar project in India from Spain-based Fotowatio Renewable Ventures (FRV), newspaper Mint reports, quoting two sources.

The report mentions that investment bank Greenstone Energy Advisors is managing the sale of the asset, which is Fotowatio’s only solar investment in India.

The Spanish firm, which is owned by Abdul Latif Jameel Energy and Environmental Services, won the particular project in an auction at INR 4.43 (USD 0.062/EUR 0.055) per kWh.

(INR 10 = USD 0.140/EUR 0.123)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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