23 July 2025
23 July 2025
With an initial 44.9% stake, the government becomes the project’s single largest equity shareholder.
The transaction is expected to yield a cash inflow of $102m, with $82m to be received in 2025.
The company will reduce its international sales team by 60, including ten managerial roles.
The funds will support the 185MW Zia solar power portfolio and the 169MW Keystone wind portfolio.
The WWF has released a position paper detailing how member states can optimise the implementation of these non-price criteria in renewable energy auctions.
Construction is already underway, with the facility expected to be operational by summer 2027.
The project was made possible through a 25-year PPA with the Solar Energy Corporation of India.
With energy production from O&G and renewables likely to co-exist for several decades, GlobalData explores how the two power sources can complement one another.
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