waaree_jan
buybestinclassgoodwesolarinvertersandwinexcitingprizes

MUFG Signs $163 Million Financing Deal for Azure Power’s 300 MW PV Project

0
932
alternative energy building clouds energy
Photo by Pixabay on Pexels.com

Reading Time: 1 minutes

growatt_inside_jan

Mitsubishi UFJ Financial Group, Inc.’s banking subsidiary, MUFG Bank, announced that they have closed a USD 163 Million, five-year syndicated financing for a 300MW solar plant developed by Azure Power India Private Limited (APIP) in the State of Rajasthan, India.

pixon_jan

MUFG acted as original mandated lead arranger and sole green structuring advisor, hedging bank, facility agent and LC issing bank. With this deal MUFG marks 3rd geen certification in India with Azure Power.

This transaction marks another milestone for MUFG as it is the third renewables project financing whereby it acted as Green Structuring Advisor and secured certification for a cumulative renewables capacity of 2.6GW over the past six months.

“Having played leadership roles in a string of renewable project financings in India, we are even more convinced of the exciting prospects in the country’s renewables sector. We look forward to further harnessing our project financing and ESG expertise to support India’s sustainability aspirations,” said Colin Chen, MUFG’s Head of ESG Finance for Asia Pacific.

Also Read  Andhra Pradesh To Buy 7,000 MW Solar Power from SECI at Rs 2.49 Per Unit

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.