Dubai-Mubasher: Abraaj Capital has gone into a partnership with Aditya Birla Group to develop solar power plants in India, according to a bourse statement.
The partnership comes at a suitable time, given the growth of renewable energy sector in India and increasing demand on energy.
India has set a target to increase its solar capacity to 100 GW by 2022 from its current capacity of 4 GW.
Abraaj will invest through one of its affiliates, while the group will invest through Aditya Birla Nuvo Limited.
Source:
Mubasher