Question 1

What are the key details for the project “Fermi Solar Farms”?

Accepted Answer

The project “Fermi Solar Farms” is an infrastructure initiative in the Solar sector, located in India. Taiyo aggregates data on it from World Bank Group.

Question 2

What is the latest status of the project “Fermi Solar Farms”?

Accepted Answer

The status recorded for “Fermi Solar Farms” is active.

Question 3

Who are the main government, EPC, and private stakeholders for “Fermi Solar Farms”?

Accepted Answer

Taiyo maps the stakeholders of “Fermi Solar Farms”: government bodies (World Bank Group).

Question 4

What is the budget and commercial profile for the project “Fermi Solar Farms”?

Accepted Answer

Taiyo normalizes the budget of “Fermi Solar Farms” to USD 77900000.

Question 5

Where can I verify the source and access all details for “Fermi Solar Farms”?

Accepted Answer

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/fermi-solar-farms-9310). Taiyo standardizes official data into a consistent, searchable project profile.

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Description	The project entails the the construction of a portfolio of 4 solar photovoltaic solar projects with a total generation capacity of 80 MW ac (108 MW dc) using poly crystalline technology in Bodare Village, Jalgaon, Maharashtra. Fermi Solar Farms Pvt Ltd is the special purpose vehicle, owned at 51% by Canadian Solar and 49% by Avaada Power. This is a greenfield project initiated on a BOO basis (license scheme). The company has entered into a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India at a fixed tariff of Rs.4.43/kWh. The EPC work for the project is being done by Giriraj Renewables Private Limited (part of Avaada Power). Total investment in the project is estimated at $77.9 million and is being funded through debt and equity in 75:25 ratio. Financing comprises $58 million 17-year-9-month term loan and $19.9 million equity. Debt providers are HDFC and L&T Infrastructure Finance. Financial close took place on 9 October 2017. CARE Ratings WB library Avaada Group to be added to sponsors list - http://www.avaadaenergy.com/
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Source reliability	High
Data quality score	100%
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Fermi Solar Farms

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