Canada's Skypower May Exit Mp Solar Project

Canada's Skypower May Exit Mp Solar Project


Canada-based solar power developer SkyPower Global, which won contracts to set up plants of 150 MW in Madhya Pradesh last July, is looking to offload equity in the project and may subsequently exit, industry executives and analysts said

The company has approached at least two leading Indian renewable energy developers, seeking investment in the project. SkyPower Global's Mauritian arm, SkyPower South East Asia Holding Ltd, won contracts to set up three solar plants in MP of 50 MW. 5.05, each at tariffs of 5.30 per kwH. 5. Hand ' in July 2015. In a year of tumbling solar prices, the tariffs still made a splash as they were record lows at the time.