The acquisition will increase the secured capacity of Greenko from 587MW to 611MW and its operating capacity from 159MW to 183MW, the company said.
It is expected that the acquisition of HPL, under the terms of the agreement, will complete in the next few weeks.
Anil Chalamalasetty, founder and CEO of Greenko, said: “At Greenko, we are building a diversified clean energy portfolio with high quality earnings and good visibility of growth potential, which will enable us to consolidate our leadership position in the Indian clean energy sector.”
