EDEN Renewables India secures $165 million finance for 450-MW solar project

NEW DELHI: EDEN Renewables India has tied up with DBS Bank Ltd, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (Singapore Branch) for USD 165-million (about Rs 1,200 crore) funding for its 450-megawatt peak solar power project in Rajasthan.

“EDEN Renewables India (EDEN) has successfully secured financial close for its 450 MWp (megawatt peak) SECI III solar PV project, with a group of three major international banks,” according to a statement.