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CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million

The two companies had announced a joint venture in September 2018

November 28, 2018

/ Saumy Prateek
/ Finance and M&A, Solar,
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CLP India, one of the largest foreign investors in the Indian power sector, and domestic renewable energy project developer Suzlon have executed a deal for the sale of Tornado Solarfarms Limited to CLP. The purchase of 100 percent stake in Tornado Solarfarms Limited cost CLP India ₹324.9 (~4.61) million.

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Saumy Prateek

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AcquisitionBSECLP IndiaJVSolarSuzlon
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