POST Online Media Lite Edition



 

Enel Green Power buys BLP in first move in Asia-Pacific

Staff writer |
Enel Green Power (EGP) announced the acquisition of a majority stake in BLP Energy (BLP), the utility scale wind and solar subsidiary of Bharat Light & Power for a total consideration of approximately 30 million euros.

Article continues below






With this transaction EGP enters the Indian renewables market, marking the Group’s first move into the Asia-Pacific region thus reaching more than 10 GW of net installed capacity globally.

EGP brings to the Indian market the latest renewable technology and global best practices in engineering design and project development, based on its presence in now 17 countries.

BLP is one of the leading renewable energy companies in India which owns operating wind plants in the States of Gujarat and Maharashtra that have a total capacity of 172 MW with a total annual production of about 340 GWh.

It also has a portfolio of approximately 600 MW of wind projects in different stages of development. BLP Group is based in New Delhi and Bangalore, and has a team of professionals with background in renewable energy, manufacturing, consulting and financial services with extensive experience in technical, development, operation & maintenance and financing activities.


What to read next

Enel Green Power works on new wind farm in Mexico
Enel Green Power completes solar farms for 188,000 households
Enel connects Latin America's largest solar project to the grid