Enel signs deal with Norfund to develop green projects in India

Enel Green Power has finalised a deal with Norwegian Investment Fund, Norfund to bankroll, build and operate new renewable projects in India.

Under the deal, Enel’s Green Power unit would take the lead in developing and building each project that would be jointly financed and governed by Enel and Norfund. The agreement gives Enel the opportunity to expand and strengthen its presence in India, after recently bagging its first solar tender in the country under SECI’s 2 GW auction.

 

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