Zelestra Secures EUR 132 Million Financing for 435 MW Solar PV Plant in Rajasthan
Zelestra has closed a EUR 132 million project financing package from HSBC, Credit Agricole, MUFG and Bank of America for its 435 MW solar PV plant in Gorbea, Rajasthan.
September 24, 2024. By Mrinmoy Dey
The financing has been signed with HSBC, Credit Agricole, MUFG and Bank of America.
The plant is estimated to generate energy equivalent to the annual consumption of more than 128,000 households in India. It will also help to avoid the emission of approximately 13.3 million tons of carbon over the lifetime of the project.
Luis Alvargonzález, CFO of Zelestra, commented, “This project financing represents a major milestone for Zelestra as we continue to strengthen our footprint in India. The support from leading international banks demonstrates confidence in our ability to deliver impactful renewable energy projects that benefit both our customers and the countries where we operate.”
Sajay K.V., CEO of Zelestra India, added, “The Gorbea project kickstarts our ambitious growth plan in India and reinforces our position as a reliable partner for our customers. This plant is a testament to our ability to execute strategically located projects, as well as ensure performance in meeting deadlines and quality standards that our customers expect. We are committed to further consolidating our presence in India and to providing multi-technology energy solutions that meet the country’s needs”.
He further informed that Zelestra India currently has 1.5 GW of projects in operation, construction, signed, or awarded, with a total portfolio of close to 5 GW.
please contact: contact@energetica-india.net.
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