Serentica Renewables has announced the signing of its first international and commercial bank foreign currency loan worth INR 3500 crores (US$425 million) for its Round-The-Clock renewable energy project in India.
The transaction brings together a consortium of three international banks (Rabobank, MUFG Bank, Société Générale) and three Indian lenders (YES Bank, Export-Import Bank of India, India Infrastructure Finance Company). The deal will help Serentica in funding the development of its 530 MW hybrid (wind and solar) renewable energy project coming up in Rajasthan and Maharashtra.
