Debt financing
Green energy player Avaada closes financing worth Rs.8.500-Cr
Mumbai-headquartered Avaada Group has secured financial commitments worth INR 8,500 crore from multiple lenders, including SBI and Yes Bank, for its nine projects that include a mix of utility-scale independent power projects (IPPS), large-scale agri photovoltaic projects, merchant power generation projects, commercial and industrial projects and the group's green module manufacturing business.These financing came through multiple transactions with a diverse set of lenders ranging from public sector banks such as State Bank of India and Union Bank, financial institutions like NABFID and PFC, as well as Standard Chartered, Axis Bank, Yes Bank, Tata Capital, Aseem Infra and NIIF.Avaada Group specialises in solar module manufacturing, renewable power generation, and the development of green hydrogen, green methanol, green ammonia, and sustainable aviation fuel projects.
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