Azure Power signs binding agreement for sale of non-core solar rooftop portfolio to Radiance Renewables

 Azure Power Global Limited has signed a binding agreement for sale of its non-core solar rooftop portfolio to Radiance Renewables Private Limited for a total consideration of Rs 5.37 billion subject to purchase price adjustments. The acquisition will cover 152.5 MW of assets and includes 8.1 MW of assets under construction and 18.5 MW of recently commissioned assets. Radiance Renewables is 100% subsidiary of the Green Growth Equity Fund (GGEF), an Alternative Investment Fund managed by EverSource Capital.

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