28 Sep '15, 9am

#solar Enel Green Power acquires stake in BLP to enter Indian market

EGP's strategic plan up to 2019 is to expand into new markets internationally including in the Asia-Pacific region. Credit: Enel Green Power. Italian-based renewable energy developer Enel Green Power (EGP) has entered the Indian market by acquiring a majority stake in utility-scale wind and solar operator BLP Energy, a subsidiary of India-based renewable energy company Bharat Light and Power (BLP Group), for around EUR30 million (US$33.6 million). The acquisition marks EGP’s first move into the Asia-Pacific region and brings the company’s net installed capacity to more than 10GW, with a presence in 17 countries. Expansion into new markets internationally is part of the company's 2015-2019 Strategic Plan. EGP now plans to participate in India’s forthcoming solar tenders at both state and national level. BLP has 772MW of wind power projects operating or at various stages of ...

Full article: http://www.pv-tech.org/news/enel_green_power_acquires_sta...

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