Indebted India's Suzlon wind power enterprises sell two solar units

Solar photovoltaic (pv) net news: Indian wind turbine maker Suzlon energy announced that have been sold two solar power unit, totaling 9. 9. 1 billion rupees ( RMB 96. 45 million) 。

as of March 31, 2018 for the fiscal year, SE Solar turnover for the 5. 44. 3 billion rupees ( RMB 52. 98 million) , and the net value is 15. 900 million rupees ( $1. 5. 4 billion yuan) 。 Turnover was 7. 2 million rupees (Gale Solarfarms RMB 700000) , with a net worth of 3. 23 billion rupees ( RMB 31. 44 million) 。

it is reported that a month ago, the Danish wind turbine manufacturer vestas wind systems are discussing the Suzlon control.

meanwhile, Suzlon on Thursday announced it would pay $1. 87 million to the bondholders incentive fees, as part of the debt reduction plan, the total amount of the principal of bonds issued to 1. 2. 1 billion dollars.

Indian rating agency Crisil in April to Suzlon and affiliated company's debt and bank assets downgraded, the reason is that private equity investment Suzlon delay, lead to leverage deteriorated sharply. The ratings agency said the downgrade but also for Suzlon - in 2009 10 fiscal year a large number of financing and financing risk.

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