Reportedly, Inox Clean Energy has planned to raise a long-tenor loan of Rs 34 billion from the National Bank for Financing Infrastructure and Development (NaBFID) to refinance existing debt across seven Vibrant Energy special purpose vehicles.
The facility is priced at about 8–8.5 per cent and will be serviced through a restricted group structure with cash flows from operational solar, wind and hybrid assets under long-term power purchase agreements with corporate offtakers such as Amazon, Sify and UltraTech.