47920-014: Solar and Wind Power Development Project
Project Data Sheet (PDS): Overview
Welspun Renewables Energy Limited (WREL) is one of the leading solar power developers in India. The company has 30 MW of operational solar projects, 50 MW under construction, and another 610 MW in pipeline for implementation over 2013-2015. The project involves the funding of WREL's equity injection in the solar projects that will reach financial close in 2013 72014; in the form of compulsory convertible debentures (CCD) in WREL. This will be ADB's first mezzanine investment in the renewable ... Read More
|Borrower/Equity Investment Name||WELSPUN RENEWABLES ENERGY LIMITED|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||12 Dec 2013|
Not yet classified
Indigenous People: C
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