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Shapoorji Pallonji Group in talks to sell stake in solar portfolio

Shapoorji Pallonji Group in talks to sell stake in solar portfolio

The process of consolidation continues in India’s green energy space with diversified conglomerate Shapoorji Pallonji Group in talks to sell a stake in its solar power project portfolio.

The privately held SP Group, which had $5 billion in revenue in 2016, is seeking a financial investor given that financing at the lowest cost holds the key to success. This has been amply made evident in India’s successive solar contract bid rounds. read more →

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