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Ayana Renewable Acquires 40 MW Solar Plants from First Solar

The National Infrastructure and Investment Fund (NIIF)-backed renewable energy platform Ayana Renewable Power has acquired two First Solar-developed solar power plants. The cumulative capacity of the solar power plants is 40 MW.

 

Ayana Renewable Power has acquired the two projects, located in Karnataka as part of its strategic mission to deliver high-quality projects organically and inorganically, to create value for its shareholders. The two facilities have been operational for more than two years.

 

Under the 25-year power purchase agreements (PPAs), the plants supply energy to two of the state’s electricity distribution companies, the Chamundeshwari Electricity Supply Corporation and Gulbarga Electricity Supply Company.

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