Gudadur Solar PV & Wind Hybrid Plant

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This project involves the development of a 176MW project, of which 128MW come from wind turbines and 48MW from solar photovoltaic panels. The project will be capable of generating enough clean energy to satisfy the electricity requirements of over 500,000 households yearly, or the equivalent of reducing around 73,688 tonnes of greenhouse gas emissions compared to thermal generation. Sponsor of the project is Vena Energy, which won the Solar Energy Corporation of India Limited (SECI) IX auction with a tariff of INR2.99 (approximately $0.0401)/kWh. Total investment stands at $123.8 million and was financed with a 5-year loan from Mizuho Bank, HSBC, Sumitomo Mitsui Banking Corporation, BNP Paribas and Axis Bank. BNP Paribas, Mizuho, and SMBC acted as Green Loan Coordinators, HSBC acted as Account and Modelling Bank, and Axis Bank Limited acted as the Lenders Agent. Financial close took place on March 8, 2023. Realfin https://www.venaenergy.com/news/vena-energy-achieves-financial-close-on-the-gudadur-hybrid-project-in-india/ https://www.venaenergy.com/news/vena-energy-wins-160-mw-blended-wind-and-100-mw-solar-auctions-in-india/