Tata Power buys Welspun’s renewable energy assets

Tata Power’s subsidiary Tata Power Renewable Energy Ltd will acquire WREPL through a share purchase agreement (SPA).

Tata Power reportedly said it will acquire Welspun Energy’s subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL) for an undisclosed amount.

Tata Power’s subsidiary Tata Power Renewable Energy Ltd will acquire WREPL through a share purchase agreement (SPA).

TPREL has signed an SPA with Welspun Energy to acquire its subsidiary WREPL,says report.

WREPL has one of the largest operating solar portfolios in India spread across ten states.