India Development News & Foreign Investment Opportunities

Azure closes US$58m financing

Project: 100-MW solar plant


Project: 100-MW solar plant


Azure Power has closed a financing deal of Rs.4 billion (US$58 million) for its 100 MW solar power plant in Karnataka ahead of schedule.

The project in Pavagada Solar Park, one of the largest solar parks in the world, was won in an auction conducted by Karnataka Renewable Energy Development Ltd.

The solar park is being developed by Karnataka Solar Power Development Corporation Limited (KSPCL).

Azure Power’s portfolio in Karnataka stands at 250MWs, which is one of the largest portfolios in the state.

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