SBI Provides ₹911 Crore Financing for 225 MW Solar Project in Maharashtra
What happened
State Bank of India is providing financing to support a 225 MW solar project in Maharashtra. The financing package, which totals approximately ₹911.25 crore, includes about ₹900 crore in term-loan facilities. This project operates under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme and has a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company.
From greentechlead.com
Why it matters
The financing bolsters the development of renewable energy capacity in the region. The project is located in Maharashtra and is backed by a long-term power purchase agreement with a major state utility.
From greentechlead.com
Who's involved
- MaharashtraState where the solar project is located
- State Bank of IndiaFinancial institution providing the term loan facilities
- Maharashtra State Electricity Distribution Company LimitedOfftaker with whom the project holds a 25-year power purchase agreement
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Maharashtra
state in the western and central peninsular region of India
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State Bank of India
Indian public sector bank and financial services organization