Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Lightsource and Macquarie team up on Indian solar projects

Published 30/10/2017, 15:21
© Reuters. FILE PHOTO: The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters
MQG
-

LONDON (Reuters) - British solar power projects developer Lightsource Renewable Energy and Australian bank Macquarie (AX:MQG) will jointly fund the development of large solar power projects in India, the bank said on Monday.

As part of the venture, Macquarie's UK Climate Investments will provide 49 percent of the equity for the construction of the first project, which is Lightsource's 60 megawatt (MW) solar project in India's Maharashtra state.

The deal reached financial close on Monday.

© Reuters. FILE PHOTO: The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters

UK Climate Investments will also provide up to 30 million pounds for a broader partnership to help Lightsource build a portfolio of up to 300 MW solar power projects.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.