#EXIDE has entered into an agreement with Ulric Renewables to set up captive wind power projects with a total capacity of 18.9 MW for its manufacturing facilities. Exide has also agreed to invest in Ulric Renewables by purchasing at least 26% of its issued & paid-up capital. 
Exide Industries Limited has signed an agreement called the Share Subscription and Shareholders Agreement (SSSA) as well as Power Purchase Agreements with Ulric Renewables Private Limited, which is a Special Purpose Vehicle promoted and incorporated by Cleantech (1/3)
Solar India OA 2 Pte. Ltd. The agreement is dated 28th February 2023 and it is for setting up captive wind power projects for various manufacturing facilities of the company. The projects will have a total capacity of 18.9 MW. As per the SSSA, the Company has agreed to (2/3)
invest in Ulric Renewables Private Limited by purchasing at least 26% of the issued and paid-up capital of the company. (3/3)
• • •
Missing some Tweet in this thread? You can try to
force a refresh
