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P2 Solar Signs Agreement to Acquire an Operating Hydro Project in Northern India

P2 Solar Signs Agreement to Acquire an Operating Hydro Project in Northern India

P2 Solar, Inc. has signed an MOU to acquire a 9.5 MW small hydro power generation project, Project Barkote 1. P2 has undertaken more than six months of due diligence working with third party engineers, accountants and lawyers to assess the project.

Barkote 1 is operating under a PPA (Power purchase agreement) with the state electricity company. The MOU for acquisition enables P2 to acquire the project for a total of approximately $21 million, or $2.2 million per MWp capacity. read more →

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