The International Finance Corporation of World Bank is proposing an additional US$50 million debt financing for the planned 300 MW solar photovoltaic project of Enel Green Power in India.
IFC has initially approved a US$100 million financing for the Thar Surya solar photovoltaic (PV) project in the state of Rajasthan through Thar Surya 1 Pvt Ltd, a special purpose vehicle launched by Enel Green Power India. The total investment in the project is estimated at US$200 million.
The Solar Energy Corporation of India (SECI) has awarded the project to Enel Green Power in July 2020 after a bid of INR2.37 (US$0.0314) per kWh for the entire generating capacity. Once operational, SECI will purchase the energy produced from the plant under a 25-year power purchase agreement with Enel.
Country updates
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April 28, 2021
ReNew Power commissions 105 MW solar project in Patan District
ReNew Power has commissioned a 105 megawatt (MW) solar generation facility in the Indian state of Gujarat. The project has a 25-year power purchase agreement with the Gujarat Urja Vikas Nigam Limited...
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April 19, 2021
ReNew Power completes 300 MW wind project in Gujarat
ReNew Power has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Ener...
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April 14, 2021
Adani Green completes acquisition of 20 MW Mahoba solar project in Uttar Pradesh
Adani Green Energy Limited has completed the acquisition of 100% of the share capital and all the securities of Spinel Energy & Infrastructure (SEIL) from Hindustan Cleanenergy and Peridot Power V...
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April 13, 2021
ReNew Power finalizes 110 MW solar project in Rajasthan
ReNew Power has commissioned a 110 megawatt (MW) solar generation facility in the Indian state of Rajasthan. As part of the project, ReNew has signed a power purchase agreement with Solar Energy Corp...
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March 28, 2021
Adani Transmission enters deal to acquire Warora-Kurnool Transmission for US$465mn
Adani Transmission Limited (ATL), a subsidiary of Adani Group, has agreed to enter into an agreement with Essel Infraprojects Limited (EIL) to acquire the Warora-Kurnool Transmission Limited (WKT...
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