GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and plans to invest $90 million to develop a solar power project portfolio of 500 MW with RattanIndia Group.
Said Anjali Rattan, chief executive office of RattanIndia Solar, “RattanIndia and GEEFS are partnering to develop 500 MW solar assets in the ratio of 51:49. GEEFS will be investing $90 million for the 500MW solar portfolio and has already invested money in 210 MW solar projects of RattanIndia located in government solar parks at Bhadla (Rajasthan), Allahabad (Uttar Pradesh), Pavagada (Karnataka) and in RattanIndia’s own land at Katol (Maharashtra).”
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