Hexa Climate Solutions Pvt. Ltd, a I Squared Capital portfolio company, has acquired the renewable energy development portfolio of Finland-based Fortum in India.Under the terms of the transaction, Hexa Climate Solutions has acquired a 100% stake in Fortum India Pvt. Ltd (FIPL), including its 40-member team, its 206MW commercial and industrial (C&I) renewable energy portfolio and approximately 600MW of ready-to-build renewable projects.Hexa Climate Solutions, backed by I Squared Capital, plans to invest approximately $500 million to scale its renewable energy, water, and carbon platforms in India and other emerging markets, said a statement from Hexa.It said that the transaction is in line with Fortum’s strategy announced in 2024, when the company divested its ownership in the 185MW Indian solar portfolio to limit its exposure in the country and evaluate alternatives for an exit from the Indian market. Fortum’s core operations and main geographical focus are in the Nordics.“The acquisition of Fortum India marks a significant step in Hexa Climate Solutions’ mission to accelerate the clean energy transition across emerging markets. With this acquisition, Hexa Climate reinforces its strong 2.5 GW development pipeline and strengthens its position as a leading climate-focused platform,” said Sanjeev Aggarwal, founder and executive chairman, Hexa Climate Solutions.Noting that India has been an important part of Fortum’s international journey, Peter Strannegård, executive vice president, renewables and decarbonisation at Fortum, said: “We are pleased that the Fortum India team and platform have found a new home with Hexa Climate Solutions, a committed renewable energy player.”On 25 April, Mint reported that Finland’s state-run energy utility Fortum Oyj is exiting India’s renewable energy market by selling its platform FIPL to New York-based I Squared Capital-backed Hexa Climate Solutions.There were five bidders in the sales process run by EY, including Japan’s Marubeni Corp., Dutch pension fund APG, and infrastructure fund manager AP Moller Capital. A total of 10 companies including steel and mining major ArcelorMittal had signed non-disclosure agreements (NDA) for the transaction termed as project Samsara. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Hexa Climate Solutions has purchased Fortum’s renewable energy assets in India.
