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Technique Solaire Has Successfully Secured The Financing Of Its 2 Indian Projects With The State Bank Of India

Technique Solaire (i) has financed its first Indian project of 5.5 MWp in the state of Uttarakhand and (ii) has tied-up the long term financing for its 27 MWp project in the state of Maharashtra. Both transactions have been concluded with the State Bank of India, which is the largest bank in India.

The company was advised by PwC India on the financial closure. For each project, the group has signed a 25 years Power Purchase Agreement respectively with Uttarakhand Power Corporation Limited and Maharashtra State Electricity Distribution Company Ltd.

After the first ground mounted solar project of 5.5 MWp in the state of Uttarakhand, Technique Solaire, continues its international growth with this second Indian project in Maharashtra state. This project with a DC capacity of 27 MWp will become the company’s biggest solar plant as on date. The solar plant is under construction & will be commissioned in August 2019. Technique Solaire once again shows its expertise as an Independent Power Producer with this project entirely developed by the company as sole equity holder

“We are very proud to close these two transactions with SBI and hope to expand potential future collaboration” said Manu Bishnoi, Director JLTM Energy India Pvt Ltd (Technique Solaire India).

"This transaction demonstrates the ability of our team to cope with the entire value chain, right from answering to tender offers to securing long-term debt including construction and commissioning" said Lionel Themine, CFO Technique Solaire Group.

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