alfanar, a Saudi based developers for clean energy in Asia, Africa and Europe, has reached to a financial closure for its 300MW wind project in Bhuj, Gujarat, India.
The project was awarded through competitive bidding by Solar Energy Corporation of India Limited (SECI)– a company under the Ministry of New and Renewable Energy, Government of India. The project has been awarded to alfanar on development, construction, ownership and operation basis. The facility agreement was signed by alfanar Energy Private Limited (AEPL), an alfanar subsidiary, for approximately INR 15 billion (over US$ 200 million) with L&T Finance and L&T Infrastructure Finance.
