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Sanmar Group has acquired a majority stake in AltEons Energy, an India-based renewable power platform, investing an undisclosed sum to support more than 1.5GW of project development across the country.
The transaction pairs one of India's established industrial conglomerates with a company that combines solar, wind, battery storage and energy management under a single platform.
AltEons Energy currently holds more than 1GW of projects in development.
Its active construction work includes a 210MW hybrid project in Maharashtra, which integrates wind, solar and battery energy storage systems and is designed to deliver power to businesses operating in the state.
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