Debt Debt financing
Avaada Energy refinances Rs.597-Cr for solar projects in Karnataka, Maharashtra
Source Avaada Energy (opens in a new tab)Economic Times (opens in a new tab)
Avaada Energy , the renewable energy arm of Avaada Group, has closed INR 597 crore in refinancing from NIIF Infrastructure Finance Ltd (NIIF IFL), an infrastructure debt fund dedicated to refinancing high-quality operational infrastructure projects. The debt will be used for its commercial and industrial (C&I) solar projects in the states of Karnataka and Maharashtra.