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Neo Solren Solar Plant

Source: World Bank Group

Project
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The project entails the construction of 42 MW solar plant in Telangana, India called Neo Solren. Total investment stands at $ 47.15 million of which 9.4 million equity and the rest is provided as a debt by an unknown financial institution. PPA period is 25 years. SPV is Neo Solren Private Limited, a wholly owned subsidiary of Mahindra Renewables Private Limited, a subsidiary of Mahindra & Mahindr

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Project Information

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The project "Neo Solren Solar Plant" is an infrastructure initiative in the Solar, Power Generation (CCGT), Education, Government, Commercial sector, located in N/A, India. Taiyo aggregates data from World Bank Group, including information on sponsoring government bodies, EPCs, and contractors.

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Participants

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Description

Description

The project entails the construction of 42 MW solar plant in Telangana, India called Neo Solren. Total investment stands at $ 47.15 million of which 9.4 million equity and the rest is provided as a debt by an unknown financial institution. PPA period is 25 years. SPV is Neo Solren Private Limited, a wholly owned subsidiary of Mahindra Renewables Private Limited, a subsidiary of Mahindra & Mahindra Limited. Financial close took place on January 23, 2019. https://www.indiaratings.co.in/PressRelease?pressReleaseID=29409&title=India-Ratings-Assigns-Neo-Solren%E2%80%99s-Loan-%E2%80%98IND-BBB%E2%80%99%2FStable- WB library files

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Source reliability

High

Data quality score

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Source

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