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Hindustan Power acquires 15 solar projects in Japan

By Niranjan Mudholkar,

Added 14 July 2017

Set to increase its international footprint to 2 GW by 2022

mergers-acquisitions

Hindustan Power is set to increase its footprint in international markets to 2GW by 2022.  The company during its decade long operations has executed over 800 MWp of solar power generation projects including international landmark projects.

The company has recently acquired fifteen solar power generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25 MWs solar projects at Trishal in Bangladesh.

Ratul Puri, Chairman, Hindustan Power said, “We are one of the early Indian player to focus on developing solar projects in the overseas markets. We have invested close to Rs 3000 crores and the target of 2 GW would entail an investment of Rs. 10,000 crores. We believe that our successful foray will encourage more players from India to expand its operations in the international markets thereby allowing India to emerge as a solar power house.”

(Continued on the next page)

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