Connect with us

Hi, what are you looking for?

CleanTechnica
Photo by Cynthia Shahan, CleanTechnica.

Clean Power

M&A Activity Picks Up In India’s Rooftop Solar Market

Investors and developers are looking to cash in on the wave of consolidation that has swept the Indian renewable energy sector. Several large-scale solar and wind power developers have been part of equity and asset sale transactions. The focus now seems to have shifted to the rooftop solar power market.

Amplus Energy, a rooftop solar power developer backed by Malaysian oil and gas giant Petronas, is reportedly in talks with ReNew Power to acquire its rooftop solar power portfolio. Amplus has a portfolio of 800 megawatts while ReNew Power, which is among the leaders in large-scale solar and wind power, has 140 megawatts of the rooftop solar power portfolio.

According to media reports, Petronas is considering an aggressive push into India’s renewable energy sector. The company is reportedly looking to acquire a stake in Tata Renewable Energy Limited and its infrastructure investment trust.

Another rooftop solar power company on M&A radar is Fourth Partner Energy. The company has a 400-megawatt portfolio and serves commercial and industrial consumers. It is looking to raise $150 million through stake sale to Netherlands’ SHV Energy and India’s National Investment and Infrastructure Fund.

The rooftop solar power segment serving commercial and industrial consumers is attractive for investors, as it requires limited interaction with distribution utilities. As covered in recent articles, many distribution companies have refused to sign power purchase agreements with the companies that won project development rights fair and square in competitive auctions. For commercial and industrial consumers, the falling cost of solar power has become attractive compared to the price of power sourced from distribution utilities.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

The Indian government has announced a new incentive scheme to boost manufacturing in the solar power sector. Through this scheme, the government plans to...

Clean Power

One of India’s largest renewable energy generation companies, Adani Green Energy, has reported stellar financial performance during the first quarter of this year. According...

Clean Power

One of India’s largest renewable power companies, Tata Power Renewable Energy, has secured the rights to develop a large solar power project. According to...

Agriculture

The Indian state of Maharashtra has issued a tender for the installation of 1.3 gigawatts of solar power projects. According to media reports, the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.