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Pavagada Solar PV Plant

Sector: Car parking • Location: Karnataka, India

Source: World Bank Group

Project
Active

The project involves the development, constriction and operation of 200MW Pavagada solar park in Tumkur, Karnataka, India. SB Energy (Softbank Group) has won the auction held by the Solar Energy Corporation of India with a INR 2.82 ($0.05) per kWh bid. The project cost is $163.6 million (INR 11.452 billion) and will be funded via $ 30.2 million equity and $ 133.4 million debt from Rabobank, SMBC,

Status
Prospective
Sector
Car parking, Power Generation (CCGT), Solar, Automotive, Commercial, Government
Location
Karnataka, India
Updated
22 Jul 2026
Source
World Bank Group

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The project “Pavagada Solar PV Plant” is an infrastructure initiative in the Car parking sector, located in Karnataka, India. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status

Active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The project involves the development, constriction and operation of 200MW Pavagada solar park in Tumkur, Karnataka, India. SB Energy (Softbank Group) has won the auction held by the Solar Energy Corporation of India with a INR 2.82 ($0.05) per kWh bid. The project cost is $163.6 million (INR 11.452 billion) and will be funded via $ 30.2 million equity and $ 133.4 million debt from Rabobank, SMBC, MUFG Bank, BNP Paribas, DBS Bank and Mizuho Bank. Financial close was reached in October 2019. https://ijglobal.com/data/transaction/41028/pavagada-solar-pv-plant-200mw

Original sector

Energy

Budget

Location

Country

India

State

Karnataka

Source

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Car parking, Power Generation (CCGT), Solar, Automotive, Commercial, Government

Article published date

2024-05-21

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