CLP India and Suzlon join hands for two solar projects in Maharashtra

CLP India and Suzlon has announced a joint venture for two solar projects of 50 MW and 20 MW in Dhule, Maharashtra. As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, the former has agreed to acquire 49 per cent stake in Gale Solarfarms Limited and Tornado Solarfarms Limited, two special purpose vehicles (SPV) set-up by Suzlon. CLP India has the option to acquire the balance 51 per cent stake in the future. Suzlon is responsible to provide comprehensive operation and maintenance services for these projects that are already commissioned.

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