By Solar Times Bureau
SHV Energy N.V. (SHVE), a part of the Dutch multi-national company SHV Holdings N.V., in connection with its acquisition of a majority stake in SunSource Energy, one of India’ leading solar solutions provider. SHVE would also be investing additional growth capital in SunSource Energy to help further expansion of its solar portfolio to 550+ megawatt peak (MWp) by 2023. The promoters of SunSource Energy will continue to remain shareholders in the company post-acquisition.
As part of this transaction, SunSource Energy’s original investor, Neev Fund, promoted by India’s largest commercial lender SBI and the UK Government, will be obtaining a successful exit.