Rising Sun Energy Solar Assets At Bhadla Is Up For Sale

In Clean News, News, Renewable Energy, Solar

The 140 megawatts (MW) solar power assets, owned by Delhi-based Rising Sun Energy at the Bhadla solar park in Rajasthan are up for sale. The assets are likely to command a value of about ₹800-900 crore.

The $1 billion Edelweiss Infrastructure Yield Plus Fund, an infrastructure-focused alternative investment fund managed by Edelweiss Alternative Asset Advisors Ltd is closely evaluating buying out.

Located near Jodhpur and bordering the Thar desert, the Bhadla solar park is slated to be the largest of its kind in India once it is fully commissioned. Spread over 10,000 acres, it will have an installed capacity of 2,255MW at peak production in December 2019.

The energy sector is not Edelweiss’s core area of strength; they have been doing intense evaluations of some projects over the last few months and are careful not to get anything wrong.

In July, Edelweiss was evaluating buying a stake in French power company Engie, which has an 810MW solar portfolio in India through its Solairedirect unit but talks fell through in their final stages and since then Edelweiss has shifted focus to Rising Sun.

 

 

 

Reference- Live Mint, India Power Trading

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