Blueleaf Energy has achieved financial close of its 200 MW wind-solar hybrid power plant under development in Madhya Pradesh.
Blueleaf has secured project financing of approximately USD170 million from Axis Bank for the project, which has secured grid access at the Pachora Inter State Transmission System substation. The Pachora hybrid power project will be built, owned, and operated by Blueleaf and is expected to begin commercial operations in 2025. Once operational, the project is anticipated to produce over 600 GWh of energy annually and provide clean, renewable power to around 110,000 Indian households.