Hero Future in talks to buy Fotowatio’s solar project in India
Greenstone Energy Advisors is managing the sale of Fotowatio's solar project in Andhra Pradesh
Fotowatio Renewables was awarded the project in a reverse auction conducted by Solar Energy Corp of India at a tariff of Rs 4.43/unit
Mumbai: Hero Future Energies Pvt. Ltd is in talks to acquire Fotowatio Renewable Ventures’s 135 megawatt (MW) solar power project in India, two people aware of the development said. Owned by Abdul Latif Jameel Energy and Environmental Services, Fotowatio Renewables is the largest Arabian green energy utility. Its only investment in the Indian solar power space is located in Andhra Pradesh. Greenstone Energy Advisors, an investment bank focused on the Indian renewable energy sector, is managing the sale.