SHV Energy to invest Rs 18 billion in SunSource Energy to increase solar power generation capacity

Netherlands based SHV Energy is expected to invest Rs 18 billion to ramp up solar generation capacity of SunSource Energy.

SHV Energy, which is a part of private trading group SHV Holdings, has acquired majority stake in Noida-based SunSource Energy and entered into the solar energy market. It aims to increase the solar energy generation capacity of SunSource Energy from 65 MW to 550 MW, over the next two years.