IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion

IndiGrid’s acquisition of Fotowatio Renewable’s solar project is the first renewable energy acquisition by any InvIT in the country

July 14, 2021

/ Rahul Nair
/ Finance and M&A, Solar
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The Indian power sector’s first infrastructure investment trust (InvIT), IndiGrid, announced the completion of the acquisition of a 100% stake in two solar assets with a cumulative capacity of 100 MW (AC) from Madrid-based developer Fotowatio Renewable Ventures (FRV) at an enterprise value of ₹6.6 billion (~$88.4 million).

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Rahul Nair

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