Global Power Synergy to acquire a 41% stake in Avaada Energy for $450m.

Global Power Synergy, an electric power generation company, completed the acquisition of a 41% stake in Avaada Energy, an Indian renewable energy firm, for $450m. "The investment in this platform aligns with the Company’s growth strategy in renewable energy business internationally and enhances the Company’s expertise in the solar power generation as well as the business collaboration in the area of the Company’s renewable energy business in the future," Global Power Synergy.