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CLP set to acquire stake of Suzlon’s Telengana project

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CLP Group is in advanced negotiations to buy stakes in a 100 MW solar park project in Telengana from Suzlon Energy, according to reports.

A formal announcement is expected in a few days.

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Report says that CLP India will acquire 49% of the project and, a year after its commissioning, will acquire majority control and may even buy Suzlon out entirely.

CLP (formerly China Light & Power), is finalising its solar debut through an acquisition. It’s local arm is in advanced negotiations to buy stakes in a 100 MW solar park project in Telengana from Suzlon Energy, according to people in the know.
The diversification of CLP India’s clean energy portfolio comes after the company established itself as the leading wind power generator in the country with almost a gigawatt of operating assets.

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