IFC commits $105 million in Brookfield’s 500 MW solar project.

MOUs and Agreement

To be located in Bikaner, Rajasthan, the project is currently being developed by Brookfield Asset Management. The funding will involve long-term non-convertible debentures allocated to the special purpose vehicles which will be responsible for executing the project. The project will be integrated to the inter-state transmission system of India’s green energy corridor. Brookfield will supply solar power to commercial and industrial consumers at competitive rates through long-term power purchase agreements and also participate in merchant markets through power exchanges. Through collaboration with Brookfield, IFC seeks to promote the widespread adoption of clean energy by proving the feasibility of large-scale renewable energy generation and its distribution to corporate and industrial clients throughout India via the interstate transmission network.


      The International Finance Corporation (IFC) has committed to invest $105 million to partially finance a 550 MW solar power project.

     

     

 

     


About Brookfield

CEO - Anuj Ranjan
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