Greenko's Off-River Energy Storage

Off-River Energy Storage Project in Andhra Pradesh - Financing

Industry
Project & Infrastructure Finance/Energy storage (non-battery)
Area of finance
Project & Infrastructure Finance
Region
Asia
Asia
Countries
India

Deal Overview

Greenko has secured a INR55 billion ($700 million) loan from the state-owned Power Finance Corporation (PFC) to fund India’s first off-river energy storage project in Andhra Pradesh. The 20-year loan will carry an interest rate of 11%, with repayments beginning from the second year after...

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Deal Volume
$700m
Financial Close
04/08/2022
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Project Deals

Off-River Energy Storage Project in Andhra Pradesh
$967m
Greenfield
Energy storage (non-battery)
Asia
Asia
India