India: O2 Power to acquire stake in Hero Future Energies’ Rajasthan SPV

O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)–Clean Solar Power Bhainsada–that is setting up a 250 megawatt (MW) solar capacity in Rajasthan, said two people aware of the development.