Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs

Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs
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Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida-headquartered SunSource Energy.
Agencies
Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida-headquartered SunSource Energy.
SHV Energy, a Dutch family-owned multinational and global LPG distributor, is expected to invest nearly Rs 1,800 crore in the next two years to ramp up the solar energy generation capacity of SunSource Energy to 550-Mw from the present 65-Mw. The precise value of the deal is not known. SunSource Energy is a solar solutions provider for commercial and industrial customers in India and South-East Asia.

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