KKR has announced they will acquire Solar assets from India based firm Shapoorji Pallonji Infrastructure Capital for $204M.
“SP Infra and the Shapoorji Pallonji Group are recognized in India and worldwide for the high quality of their renewable energy projects, and given the government’s ambitious target of achieving 175GW of renewable energy capacity by 2022, we believe this is an attractive time to invest in this portfolio and provide even greater solar energy solutions to communities across India.”
Sanjay Nayar, CEO of KKR India
KKR and other private equity firms have recorded cash piles which have allowed them to be aggressive in these uncertain times.