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Khavda Renewable Energy Solar PV plant (Phase I)

Sector: Solar • Location: India

Source: World Bank Group

Project
Active

This project consists of development of the initial phase of the world’s largest renewable energy park with the generation capacity of 17 GW. It involves facilities with total capacity of 2167 MW, located in Khavda, Gujarat. The total investment stands at $3 bn, of which current debt financing (second for the project) is $1.36 bn, provided by BNP Paribas, Coöperatieve Rabobank U.A., DBS Bank Ltd,

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The project “Khavda Renewable Energy Solar PV plant (Phase I)” is an infrastructure initiative in the Solar sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project consists of development of the initial phase of the world’s largest renewable energy park with the generation capacity of 17 GW. It involves facilities with total capacity of 2167 MW, located in Khavda, Gujarat. The total investment stands at $3 bn, of which current debt financing (second for the project) is $1.36 bn, provided by BNP Paribas, Coöperatieve Rabobank U.A., DBS Bank Ltd, Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation. This financing is part of AGEL's Construction Financing Framework and aims to enhance the funding pool to $3 bn since the initial project financing in March 2021. Financial close is achieved on December 5, 2023. https://www.adanigreenenergy.com/newsroom/media-releases/adani-green-accomplishes-its-construction-financing-framework-at-usd-3-billion https://finance.yahoo.com/news/adani-green-accomplishes-construction-financing-135700769.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAE84H6M37MqpSzvGgZR5MDwsTyJLo1PUYkouNf0afF355C_n4pOgDWh6IWcU0z6sOlJGocHtYwZLw7kXPaZp2jutSZ7-bpgWz47JUPx5_YE-58flAVlvR2tg_s5_UTWHi-2--RHmOtSssMll6jx9zD0xa0l2xyQB1957aph7Fb2b https://www.financialexpress.com/business/industry-adani-green-borrows-1-36-bn-from-global-banks-3328888/ Realfin

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