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ReNew Hans Urja solar PV plant

Sector: Solar • Location: India

Source: World Bank Group

Project
Active

This project comprises the development of a solar PV plant with capacity of 600 MW in the state of Rajasthan, India. The sponsor is ReNew Energy Global. In 2022, a PPA agreement has been signed with Solar Energy Corporation of India (SECI) for selling the produced energy to SECI at a fixed price of 2.9 cents/kWh (INR 2.18/kWh) for a period of 25 years. A $240.95 million loan is provided by Groupe

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The project “ReNew Hans Urja solar PV plant” 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 comprises the development of a solar PV plant with capacity of 600 MW in the state of Rajasthan, India. The sponsor is ReNew Energy Global. In 2022, a PPA agreement has been signed with Solar Energy Corporation of India (SECI) for selling the produced energy to SECI at a fixed price of 2.9 cents/kWh (INR 2.18/kWh) for a period of 25 years. A $240.95 million loan is provided by Groupe Credit Agricole, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), Societe Generale and BNP Paribas with equal contribution - $48.19 million each. Financial close is achieved on June 10, 2024. https://www.herbertsmithfreehills.com/news/2024-06/hsf-india-project-finance-team-advises-mlas-on-green-loan-project-financing-for-renews-600mw-solar-power-project ; https://investor.renewpower.in/news-releases/news-release-details/renews-total-portfolio-rises-close-20-over-12-gw https://www.herbertsmithfreehills.com/news/2024-06/hsf-india-project-finance-team-advises-mlas-on-green-loan-project-financing-for-renews-600mw-solar-power-project ; https://investor.renewpower.in/news-releases/news-release-details/renews-total-portfolio-rises-close-20-over-12-gw

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