Vector Green Energy , formed from IDFC Alternatives’ India Infrastructure Fund II , has acquired a 190MW(AC MW solar project in Madhya Pradesh from IL&FS, according to a partner at Solar Energy Corporation of India . IDFC Alternatives’ India Infrastructure Fund II said: "We are looking at buying operating assets and our focus is to return cash to the shareholders right from January this year in form of dividends." Aditya Aggarwal, partner, IDFC Alternatives, told PV tech that this is the first power purchase agreement (PPA) that IDFC has bought into with Solar Energy Corporation of India (SECI) as the off-taker. He said he is more interested in cash flow than growth, and wants to diversify into different states. The acquisition marks the first time IDFC has bought into a power purchase agreement with off-taker IDFC Alternatives’ India Infrastructure Fund II .
Vector Green Energy , formed from IDFC Alternatives’ India Infrastructure Fund II , has acquired a 190MW(AC MW solar project in Madhya Pradesh from IL&FS, according to a partner at Solar Energy Corporation of India . IDFC Alternatives’ India Infrastructure Fund II said: "We are looking at buying operating assets and our focus is to return cash to the shareholders right from January this year in form of dividends." He said he is more interested in cash flow than growth, and wants to diversify into different states. The acquisition marks the first time IDFC has bought into a power purchase agreement with off-taker IDFC Alternatives’ India Infrastructure Fund II .