Torrent Power completed the acquisition of LREHL Renewables India SPV 1 from Lightsource bp for $43m.

Synopsis

Torrent Power, an Indian energy and power company, completed the acquisition of LREHL Renewables India SPV 1, a solar power plant, from Lightsource bp, a solar energy projects manager, for $43m. The SPV operates a 50 MW solar power plant, commissioned in April 2018, situated in the state of Maharashtra.

Principals

target

Lrehl Renewables India Spv 1

bidder

Torrent Power

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Market Context

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Bidder Team (1)

jinal mehta

CEO at TORRENT POWER

Manager

bidder

Deals

£ 162 M

Total Value

Vendor Team (3)

nick boyle

CEO at LIGHTSOURCE BP

Manager

vendor

Deals

£ 1.41 B

Total Value

ananya sharma

Partner at AZB & Partners

Lawyer

vendor

Deals

£ 793 M

Total Value

shriram shah

Senior Associate at AZB & Partners

Lawyer

vendor

Deals

£ 323 M

Total Value

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