Vestas RRB has been awarded a mixed credit loan by Danish overseas aid organisation DANIDA to part finance a 15 MW wind farm at Perrungudy in Tamil Nadu. It is the first time mixed credit has been granted to the wind sector in India. The loan will cover 60% of the project costs, with the remainder being met equally by financial institutions and the project developer. The wind farm will become the largest installed by a private sector company using turbines as large as 500 kW. It is being built for Mohan Breweries and is to be complete by March.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.