Indian Company Secures Debt For 300 Megawatt Amazon Renewable Project
Summary
According to media reports, Vibrant Energy has secured Rs 22 billion ($270 million) debt funding for a 300 megawatt solar-wind hybrid project. Funding will be provided by Power Finance Corporation, a government-owned non-banking financial institution.The project will be located in two states, Karnataka and Madhya Pradesh. According to the Ministry of Power, all renewable energy projects commissioned before June 2025 will be exempt from payment of inter-state transmission charges. The agreement was part of Amazons efforts to power its global operations using 100% renewable energy by 2025.With this agreement Amazon had created a portfolio of 720 megawatts including 420 megawatts of solar power capacity to be located in Rajasthan. Or follow us on Google News Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast?
