December 16 (Renewables Now) - Indian renewable power producer Vector Green Energy Pvt Ltd has purchased a 225-MW portfolio of solar projects from domestic group RattanIndia Power Ltd, formerly known as India Bulls Power, Mercom Capital reports.
Citing an unnamed source, the consulting firm said that the particular projects are located in four Indian states, with the bulk of the capacity, 70 MW, being located in Rajasthan. The portfolio also includes 44 MW of schemes in Maharashtra, 52 MW in Uttar Pradesh, 50 MW in Karnataka, as well as small-scale projects among which are 100 rooftop photovoltaic (PV) installations at different sites.
Terms and financial details about the deal were not provided in the report.
Vector Green is the clean energy subsidiary of India Infrastructure Fund – II, which is in turn managed by the Indian arm of Global Infrastructure Partners (GIP). According to its website, it currently owns 346 MWp of wind and solar power plants in India, spread across five states.