EDEN Renewables India secures $ 165 million finance for 450-MW solar project

EDEN Renewables India has tied up with DBS Bank Limited, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (Singapore Branch) for funding or financing its $165-million (about Rs 12 billion) 450 MW peak solar power project in Rajasthan. …

The project, currently under construction in Rajasthan, was awarded to EDEN within the context of a tender launched by the Solar Energy Corporation of India (SECI), following which EDEN signed a power purchase agreement (PPA) with SECI in June 2019. The project’s commissioning is expected towards the first half of 2021.

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