BRIDGE TO INDIA: Raising capital number one priority for Indian solar developers

The Indian solar sector grows in size and prominence. Three major deals were announced last week: Azure Power is selling a minority stake to Canadian asset manager Brookfield to raise USD 75 million, Acme Solar is raising USD 120 million through the mezzanine route from Piramal Enterprises’ Structured Investment Group, and SunEdison has finally agreed to sell its commissioned and pipeline capacity of 1,300 MW to Greenko. Six Indian developers have now each got a total commissioned plus pipeline capacity of over 1,000 MW. Raising capital has become an urgent priority for the sector, BRIDGE TO INDIA (New Delhi) reports.

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