Fotowatio Renewable solar , the biggest Saudi Arabian green energy utility , is planning to sell its sole Indian solar asset , which is located in the Ananthapuramu solar Park in Andhra Pradesh . The move has already attracted interest from solar Infrastructure & Plus Fund and Sprng Energy , whose parent company Actis aims to expand its portfolio from 750 MW to 1.75 GW . Fotowatio 's decision came as Indian solar tariffs are at all - time lows , with a recent sector receiving revenue of INR2.59 ( $ 0.037 ) per unit . The sector is also bracing itself for the impact of a recently postponed 25 % solar duty .
Fotowatio Renewable Ventures, the biggest Saudi Arabian green energy utility, is planning to sell its sole Indian solar asset, which is located in the Ananthapuramu Solar Park in Andhra Pradesh. The move has already attracted interest from Edelweiss Infrastructure Yield Plus Fund and Sprng Energy, whose parent company Actis aims to expand its portfolio from 750 MW to 1.75 GW. Fotowatio's decision came as Indian solar tariffs are at all-time lows, with a recent tender receiving bids of INR2.59 ($0.037) per unit. The sector is also bracing itself for the impact of a recently postponed 25% safeguard duty.